On October 31, 2023, North Shore Uranium Ltd. (formerly, Clover Leaf Capital Corp.) (“NSU” or the “Company”) announced that it had closed its qualifying transaction (the “Transaction”) with North Shore Energy Metals Ltd. (“North Shore”). Concurrently with closing the Company changed its name from “Clover Leaf Capital Corp.” to “North Shore Uranium Ltd.”

In connection with the completion of the Transaction, the Company’s common shares recommenced trading on the TSX Venture Exchange (the “Exchange”) under the symbol “NSU” at the open of the market on or about November 2, 2023.

In connection with the Qualifying Transaction, North Shore closed a private placement financing pursuant to which it raised aggregate gross proceeds of $2,329,268.80 through the issuance of 7,530,660 non-flow-through subscription receipts (each, a “NFT Subscription Receipt”) at a price of $0.30 per NFT Subscription Receipt, and 200,000 flow-through subscription receipts (each, a “FT Subscription Receipt”, together with the NFT Subscription Receipts, the “Subscription Receipts”) at a price of $0.35 per FT Subscription Receipt. Immediately prior to the closing of the Transaction, each Subscription Receipt was automatically converted into one common share of North Shore (each, a “North Shore Share”), and on closing of the Transaction, each North Shore Share was exchanged for one common share of the Company (a “Resulting Issuer Share”) pursuant to the terms of the share exchange agreement dated December 19, 2022, as amended on March 31, 2023, June 30, 2023, and August 18, 2023, entered into among the Company, North Shore, and the shareholders of North Shore.

The near-term business objectives of NSU are to become a major force in the exploration for economic uranium deposits at the eastern margin of Saskatchewan’s Athabasca Basin, a good jurisdiction for discovering new mineable high-grade uranium deposits. The Company will work to achieve those objectives by conducting exploration programs on its two properties, the Falcon Property and the West Bear Property, and evaluating opportunities to increase its portfolio of properties in the region.

In addition to acting as legal counsel, Morgan Hay was a director of the Company while it was a CPC. Further details regarding the Company and the Transaction can be found on the Company’s website. The Company trades under the symbol “NSU” on the TSX Venture Exchange.