NORTHERN SUPERIOR RESOURCES Annual General Meeting, May 28th, 2015 T.F. Morris, PhD., FGAC, ICD.D, P.Geo., TSX.V: SUP WWW.NSUPERIOR.COM SAFE HARBOUR STATEMENT This presentation includes certain “forward looking statements”. Where Northern Superior expresses an expectation or belief as to future events or results, including management plans and objectives, and projections of exploration results, such expectation or belief is expressed in good faith and is believed to have a reasonable basis. While these statements represent our best current judgment, they are subject to risks and uncertainties that could cause actual results to vary, including the risk factors listed in Superior’s Annual Information Forms available on the SEDAR website www.sedar.com. Superior does not assume the obligation to update any forward looking statements. 20/05/2015 SLIDE 2 WWW.NSUPERIOR.COM TSX.V: SUP EXPLORING FOR GOLD ON THE CANADIAN SHEILD Junior explorer for Gold, Canadian Shield, trades on the TSX-V: SUP; Exploration currently focussed on its Croteau Est, Lac Surprise and Grizzly gold properties, Québec; and Grizzly Ville Marie 20/05/2015 SLIDE 3 Requires partner(s) to advance the Company’s 100% owned TPK, and Ville Marie properties. WWW.NSUPERIOR.COM TSX.V: SUP MANAGEMENT Board Alan Moon (Chairman, Committees: Audit; Compensation) Arnold Klassen (Committees: Audit*; Corporate Governance and Nominating) Wayne Livingstone (Committees: Health, Environment and Safety*; Corporate Governance and Nominating; Compensation) Fred Lecoq (Corporate Governance and Nominating Committee*, Audit, Health, Environment and Safety, Compensation) John Pollesel (Compensation*, Health, Environment and Safety) Thomas Morris (Management) *Denotes Committee Chair Management Thomas Morris PhD, FGAC, PGeo , ICD.D (President and CEO) Dan Rothberg (Corporate Secretary) Aris Morfopoulos (Chief Financial Officer) 20/05/2015 SLIDE 4 WWW.NSUPERIOR.COM TSX.V: SUP MANAGED RESPONSIBLY As of May 15th, 2015 Share Price : Market Cap: Working Capital (approximate): Debt: Issued and Outstanding Shares: Options Outstanding: Warrants Outstanding: Compensation Options Outstanding: Fully Diluted: 20/05/2015 $0.025 $ 4,724,065 $ 3,000,000 None 188,962,583 11,160,000 0 0 200,122,563 SLIDE 5 WWW.NSUPERIOR.COM TSX.V: SUP TI-PA-HAA-KAA-NING (TPK) Gold Property TPK: i) Large, shear hosted gold-bearing system + gold/ silver/ copper mineralization; ii) Property historically broken into 3 components, each with drill- ready targets; and iii) First Nation buy-in, permanent camp established with an associated trail system. 20/05/2015 SLIDE 6 WWW.NSUPERIOR.COM TSX.V: SUP TPK Gold Property- Geological/ Structural Setting Primary Structural Control: Gold- receptive splay shears off a major inflection, Stull- Wunnummin Fault. Comparable: Malartic- Val d’Or gold district on splays off major bend, Larder Lake-Cadillac Fault. 20/05/2015 SLIDE 7 WWW.NSUPERIOR.COM TSX.V: SUP TPK Gold Property- TPK Gold Grain-in-till Apron Key Characteristics: Second largest goldbearing shear system in North America (24 km), defined primarily by a gold grain-in-till dispersal apron, supported by geological mapping, geophysics and drilling; Most gold grains pristine, up to 1250 grains; and Boulder dispersal trains defined (assays up to 92 g/ t Au). 20/05/2015 SLIDE 8 WWW.NSUPERIOR.COM TSX.V: SUP TPK Gold Property- TPK Key Targets EIGHT PRIORITY TARGETS DEFINED Target 7 Target 1 Target 3 Targets 6, 5, 4 Results from RC drilling provides two pieces of invaluable information in a terrain covered in overburden (~ 3 m): Target 8 See press release, December 8th, 2011 An accurate bedrock map; and - Eight excellent drill targets based on the distribution and concentration of gold grains. Target 2 Core Drilling: Only 59 core drill holes, 13, 458.1 m; Only two targets drilled, # 1 and 3 and an area west of Target # 2; and NONE OF THE PRIMARY TARGETS HAVE BEEN CORE DRILLED! 20/05/2015 - SLIDE 9 WWW.NSUPERIOR.COM TSX.V: SUP TPK Gold Property- New Growth Gold- bearing shear-zone extension- Gold Targets Based on: a) distribution of anomalous gold grains recovered from locally derived tills; b) distribution of anomalous till Arsenic (As) values; and c) interpretation of structure from a high- resolution airborne magnetics survey (2011). 20/05/2015 SLIDE 10 WWW.NSUPERIOR.COM TSX.V: SUP TPK Gold Property- New Growth Prospecting Boulder Recovered: 30+cm wide bornite -chalcopyrite bearing quartz vein hosted in a moderately to strongly sheared monzonite boulder with dimensions approximately 2.0m x 1.5m x 1.5m; The quartz vein returned values of 12.60 g/t gold, 111 g/t silver, and 4.05% copper; and The size and tabular shape of the boulder suggests that it was transported a short distance by glacial ice, and therefore recovered relatively proximal to the up-ice bedrock source. 20/05/2015 SLIDE 11 WWW.NSUPERIOR.COM TSX.V: SUP TPK Gold Property- New Growth Key Targets Structural interpretation from NSR’s high resolution airborne magnetic data (Stott 2011). Targets: 14 targets selected; Areas of structural dislocations; and Right-handed extensional bend, hydrothermal fluids invasion. 20/05/2015 SLIDE 12 WWW.NSUPERIOR.COM TSX.V: SUP TPK Gold Property- New Growth Annex Keely Lake gold grain dispersal corridor (up to 3.5km wide, 10km in length) Corridor illustrated by anomalous proportional circles (larger circles). Corridor illustrated by hatched outline 20/05/2015 SLIDE 13 WWW.NSUPERIOR.COM TSX.V: SUP TPK Gold Property- New Growth Annex Key Targets Boulders (100) recovered on the margins, within, and down-ice of a narrow faulted and sheared greenstone belt that measures at least 7 km long by 2 km wide; 83 boulder samples anomalous in gold (>0.005 g/t), 24 of those assayed between 0.1 and 1.0 g/t, 9 of those samples over 1g/t; and Several high quality targets defined from geophysics, distribution and concentration of gold grains and mineralized boulders, limited (7 holes, 2,241m) core drilling. 20/05/2015 SLIDE 14 WWW.NSUPERIOR.COM TSX.V: SUP CROTEAU EST Gold Property Located in one of the most prospective mining camps in Québec; Within the eastern part of the MatagamiChibougamau Greenstone Belt; Pre-development Agreement, with the Cree; Road, rail, airport, power grid, mill; and Chalice Gold Mines Ltd. 65 % Interest: 20/05/2015 a) $4,000,000 exploration expenditures b) $500,000 commitment, year one c) Three year earn- in, all or nothing SLIDE 15 Strong and supportive exploration and mining culture. WWW.NSUPERIOR.COM TSX.V: SUP CROTEAU EST Gold Property STRUCTURAL TRAP EVOLUTION MINERAL TARGETING KENORAN OROGENY KENORAN OROGENY 2.7 – 2.69 GA STRUCTURE INITIATION 2.7 – 2.69 GA F2 FOLDING T1 T2 T3 MINERAL TARGETING RESULTS T4 KENORAN OROGENY KENORAN OROGENY 2.7 – 2.69 GA D2 SHEARING 2.7 – 2.69 GA D4 SHEARING STRUCTURAL EVOLUTION AND MINERAL TARGETING 20/05/2015 SLIDE 16 WWW.NSUPERIOR.COM TSX.V: SUP CROTEAU EST Gold Property CROTEAU-BOUCHARD SHEAR ZONE THE FIRST DISCOVERY ! TARGET 4 D2 Shearing C.B. S.Z. TARGET 3 TARGET 5 TARGET 1 D4 Fault TARGET 2 F2 Fold 20/05/2015 SLIDE 17 WWW.NSUPERIOR.COM TSX.V: SUP CROTEAU EST Gold Property TARGET AREA 1 Early stage modeling defines a large goldbearing body, open along strike (both directions and at depth). CROTEAU-BOUCHARD SHEAR ZONE Based on 44 diamond drill holes, collar spacing average 50 m Without any consideration of high grade shoots, there are at least 4 of these, likely more 20/05/2015 SLIDE 18 WWW.NSUPERIOR.COM TSX.V: SUP CROTEAU EST Gold Property TARGET AREA 1 CROTEAU-BOUCHARD SHEAR ZONE D2 Shearing D4 Faulting 20/05/2015 SLIDE 19 WWW.NSUPERIOR.COM TSX.V: SUP CROTEAU EST Gold Property TARGET AREA 1 CROTEAU-BOUCHARD SHEAR ZONE DRILL HOLE SECTION 530720E through C.-B. S.Z 20/05/2015 Tuff Sediments QFP Dyke QP Dyke Basalt Schist Gabbro Drill holes CRO011- 01, 01, 03, 05 Drill holes CRO012- 30, 36, SLIDE 20 WWW.NSUPERIOR.COM TSX.V: SUP CROTEAU EST Gold Property TARGET AREA 1 CROTEAU-BOUCHARD SHEAR ZONE HIGH GRADE SHOOTS I2 Dyke QFP Dyke Trenches C.B.S.Z. 20/05/2015 SLIDE 21 WWW.NSUPERIOR.COM TSX.V: SUP CROTEAU EST Gold Property TARGET AREA 1 D2 SHEAR / D4 FAULT C.B.S.Z. is really a squirt off the main system, it is the D4 fault environments where many of the gold mines occur within the Chapais-Chibougamau camp; What makes Croteau Est so exceptional is the size of the D2 shears / D4 faultsgold to date extracted from shears 5 - 20 m wide, Croteau Est shears 80 – 150 m wide; and There are at least two, D2 shear/ D4 fault systems in this target area alone! There is the potential for multiples of these across the property wherever a D2 shear is cut by a D4 fault. 20/05/2015 SLIDE 22 Therefore, potential gold mineralization is a magnitude higher than gold deposits previously discovered in the camp. WWW.NSUPERIOR.COM TSX.V: SUP CROTEAU EST Gold Property 2015 Exploration Program 1 2 Three Drill Programs: 1) Core drill program, CBSZ - 6 collars, 12 holes, 2,200 m 2) RC drill program, Target Area 1 - 48 collars, average overburden depth of 8 m + up to 2m bedrock 3) RC drill program, NE Magnetic anomaly - 8 collars, average overburden depth of 8 m + up to 2m bedrock 20/05/2015 SLIDE 23 3 WWW.NSUPERIOR.COM TSX.V: SUP LAC SURPRISE Gold Property LOCATION/ ACTIVITY 100% NSR Proximity to ChapaisChibougmau and access Opawica- Guercheville deformation zone Recent activity Bold Ventures Inc. 50 % Interest: a) $2,000,000 exploration expenditures b) 350,000 shares 60 % Interest: Positive pre-feasibility study within 5 years of option agreement signed 20/05/2015 SLIDE 24 WWW.NSUPERIOR.COM TSX.V: SUP LAC SURPRISE Gold Property Off same deformation zone where recent discoveries reported; Four excellent gold grain and geochemicalin-till dispersal trains; and Two additional areas of interest. 20/05/2015 SLIDE 25 WWW.NSUPERIOR.COM TSX.V: SUP LAC SURPRISE Gold Property 2014 Trenching and Prospecting Programs: Comprehensive understanding of the bedrock and structural framework (4 east- southeast shears) important in controlling gold mineralization; and Discovery, 7 gold showings, Amber and Black Phoenix. 2015 Exploration Program: Completion, ground geophysical surveys; Target delineation; and Initiation, core drill program. 20/05/2015 SLIDE 26 WWW.NSUPERIOR.COM TSX.V: SUP VILLE MARIE Diamond Property SUMMARY: Renewed interest in diamonds Two pipes already discovered (1 diamondiferous), 8 untested targets; and Positive results: i) KIM geochemistry (overburden/ boulders; ii) Morin pipe is diamondiferous; and iii) Mineral Services “Mantle Mapper” results positive. 20/05/2015 SLIDE 27 WWW.NSUPERIOR.COM TSX.V: SUP GRIZZLY Gold Property Option agreement, Gilbert Lamothe, Marco Bouchard. Large property (147 claims, 8,015 hectares) located in the in the highly prospective Chapais- Chibougamau gold- copper camp; Easy access: i) by road, rail and airport; ii) to power grid, mill; and iii) local exploration and mining culture. 20/05/2015 SLIDE 28 WWW.NSUPERIOR.COM TSX.V: SUP GRIZZLY Gold Property So, what is on this property? Several gold showings: Keller; Grizzly/ Grizzly North; Queeniwich; Gladstone; Grêlon; Huitans; Dussault; and Lac Mahekan Gold- bearing shear zones: Guêttard Guêttard Nord MD VMS, Magmatic Ni- Cu ± PGE’s: Lac Porphyre- Sud, Bras Pichamobi (VMS); and Ruisseau Daladier-Nord (Magmatic). 20/05/2015 SLIDE 29 WWW.NSUPERIOR.COM TSX.V: SUP ARE WE READY?…. ABSOLUTELY 1) Drill- ready, high value properties available TPK Croteau Est (already optioned) Lac Surprise (already optioned) Ville Marie 2) Next Generation Properties Identified Grizzly (already staked, exploration initiated) Two (2) in Ontario (already staked) Twenty- two (22) in Quebec (4 of the best selected, ready to go) 3) Administratively Responsible, Financial Management ($3.0 million) Prepped (Financial institutions, First Nations, Majors) Significant Progress, Ontario Litigation 20/05/2015 SLIDE 30 WWW.NSUPERIOR.COM TSX.V: SUP
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