Northern Superior Resources Closes Non-Brokered Private Placement:

• C$6.65 Million Raised, Upsized From Initial C$3.00 Million Offering
• Board Member Participation
• Cree First Nation of Waswanipi Participation
• New Gold Inc. Maintains 9.9% Ownership Stake

Not for distribution to United States newswire services or dissemination in the Unites States

SUDBURY, ON / ACCESSWIRE / December 3, 2021 / Northern Superior Resources Inc. (the "Company" or "Northern Superior") (TSXV:SUP)(OTCQB:NSUPF) is pleased to announce that it has closed the non-brokered private placement (the "Offering") originally announced October 18, 2021 (see Northern Superior press releases, October 18, 2021, October 20, 2021, November 5, 2021, November 29, 2021). In connection with the offering the Company received C$6,650,351.01 or gross proceeds broken down as follows:

1. C$3,321,416.70, through the issuance of 3,690,463 "flow-though" common shares of the Company to purchasers in Québec (the "Québec FT Shares"), at an issue price of $0.90 per Québec FT Share;
2. C$1,963,583.72, through issuance of 1,644,054charity "flow-through" common shares of the Company to purchasers in Québec ("Québec Charity FT Shares") and together with the Québec FT Shares, the "FT Shares", at a front-end issue price of $1.18 per Québec Charity FT Share; and
3. C$1,365,350.59of hard dollar investment, through issuance of 2,037,837 common shares to investors, at an issue price of $0.67 per share.

The C$6.65M raised was supported by:

• Board member's investing an aggregate of $225,409.48;
• Participation by the Cree First Nation of Waswanipi;
• New Gold Inc. acquiring sufficient shares to maintain its 9.9% ownership stake;
• Continued support from the Company's existing shareholder base; and
• Strong Institutional support with the addition of 7 new institutional shareholders to the share register on this financing.

Dr. Thomas Morris, CEO states: "These are exciting times for Northern Superior. With the completion of this financing Northern Superior will be in an excellent financial position with anticipated cash balance above $12mm dollars at year end 2021, fully financed for an aggressive exploration year in 2022 across our 3 core properties: TPK, Lac Surprise and Croteau Est. We look forward to sharing with you the detailed plans for our 2022 exploration programs in the coming weeks and months ahead.