SUP - Northern Superior make key corporate decision to spinout Ontario assets including the TPK project

(NewsDirect)

Northern Superior Resources CEO SimonMarcotte joined Steve Darling from Proactive to to announce thecompany's decision to sell all of its exploration properties inOntario, including the TPK and October Gold property, along with otherassets, into a spinout company. This strategic move aims to establisha dedicated company with its own capital and management team tomaximize the potential of Northern Superior's Ontario assets.

Marcotte explained that NorthernSuperior will remain the largest shareholder of the newly formedspinout company. Additionally, Rodney Barber, the SeniorVice-President of Exploration at Northern Superior, is proposed toserve as the President of the new entity.

The company believes that their Ontario assets hold significantexploration opportunities on a district scale in a favorablejurisdiction. The spinout represents the best approach to unlock valuefor Northern Superior's shareholders by focusing specifically onadvancing these assets. The decision to create a spinout companydedicated to Northern Superior's Ontario properties underscoresthe company's commitment to maximizing the potential of theseassets.

By establishing a separate entity with its ownmanagement team and resources, the spinout company can concentrate onadvancing the exploration projects and strategically positioningitself to deliver value to shareholders.

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