Northfield and Juno Welcome Historic Webequie-Ontario Partnership Agreement Advancing Critical Ring of Fire Infrastructure

Press Release

TORONTO, Oct. 31, 2025  — Northfield Capital Corporation (TSX-V: NFD.A) (or “Northfield”) and Juno Corp. (or “Juno”) welcome the announcement that Webequie First Nation and the Province of Ontario have signed a Community Partnership Agreement (the “Agreement”) to advance planning for the proposed Webequie Supply Road and priority community infrastructure investments. This milestone Agreement represents a transformational step forward in developing the critical infrastructure necessary to unlock responsible, sustainable development of Ontario’s Ring of Fire mineral district.

The proposed 107-kilometre Webequie Supply Road would provide reliable all-season access from Webequie First Nation to the McFaulds Lake area in the heart of the Ring of Fire. Webequie is currently accessible only by air or winter roads, significantly constraining development opportunities for both the community and the broader region. The infrastructure project has been guided by Webequie’s three-tier model, Kanisso Pittawa Attayk Onakoooniskin, which protects traditional areas and ways of life while enabling equitable development.

Juno Corp., as the largest mineral claim holder in the Ring of Fire with over 5,300 square kilometres representing over 52% of the district’s mineral claims, holds extensive exploration properties strategically positioned relative to the proposed infrastructure corridor. Juno’s recent exploration programs resulted in three major discoveries, including the Vespa Critical Minerals Complex (titanium-vanadium-high-purity-iron-scandium-gallium) and two high-grade gold discoveries at Pluto and North Edge in the North Arm Ring of Fire.

“This Community Partnership Agreement validates the importance of a First Nation-led, community-driven approach to infrastructure development in Northern Ontario,” said Robert D. Cudney, President & CEO of Northfield and CEO of Juno. “Webequie First Nation has demonstrated exceptional leadership in advancing infrastructure that serves both community priorities and enables responsible resource development. The proposed Webequie Supply Road would transform access to one of Canada’s most significant critical mineral deposits and create meaningful economic opportunities for First Nations communities.”

Chief Cornelius Wabasse of Webequie First Nation stated in the announcement, “As a signatory to Treaty 9, Webequie First Nation has a responsibility to uphold our rights and ensure our community is positioned for long-term health, prosperity, and self-determination. This Agreement with Ontario establishes an important foundation for cooperative planning, respectful decision-making, and meaningful participation in shaping the future of our lands and our community.”

The Agreement advances planning for critical infrastructure while providing new investments in priority community infrastructure and economic development initiatives. It reaffirms a government-to-government relationship grounded in mutual respect, partnership, and shared benefit. The planning process is being undertaken in alignment with Webequie First Nation’s approach that protects traditional areas and ways of life while guiding responsible, sustainable, and equitable development.

“Northfield’s investment in Juno has been premised on the strategic importance of Ring of Fire critical minerals and the recognition that infrastructure development is essential to unlocking these resources,” added Cudney. “This Agreement demonstrates tangible progress on the infrastructure foundation required to advance responsible mineral development in genuine partnership with First Nations. We commend Webequie First Nation and the Province of Ontario for this important milestone.”

The Ring of Fire mineral district in Northern Ontario contains significant discoveries of critical minerals including titanium, vanadium, chromite, nickel, copper, PGE’s and gold. Development of appropriate all-season road infrastructure has long been identified as essential to unlocking these resources for Canadian and North American supply chains. The district is increasingly recognized as having national strategic importance to both Canadian and United States economies, particularly for securing domestic sources of critical minerals essential to manufacturing, defense, and clean energy applications.

About Northfield Capital Corporation

Northfield Capital Corporation is a publicly traded, leading Canadian investment firm with deep roots in resources, mining, aviation, and premium alcoholic beverages. Founded in 1981 by Robert D. Cudney, Northfield combines decades of experience with forward-thinking strategies to unlock opportunities across its diverse portfolio. Northfield is dedicated to fostering growth and innovation in businesses that drive economic prosperity in Canada. For more information, visit www.northfieldcapital.com.

About Juno Corp.

Juno Corp. is a private Ontario-based exploration company and the largest mineral claim holder in the Ring of Fire. With 5,300 square kilometres of claims representing over 52% of the district, Juno is at the forefront of unlocking the region’s critical mineral and gold potential through innovation, collaboration, and responsible exploration. The Company has signed agreements with three nearby First Nations communities to foster economic participation and support for local cultural and commercial activities.

Qualified Person

Scott Zelligan, P. Geo. (PGO #2078), Director of Exploration for Juno Corp. is considered a “Qualified Person” for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and approved the scientific and technical disclosure contained in this news release.

For further information, please contact:

Michael G. Leskovec, CPA, CA
Chief Financial Officer
Telephone: (416) 628-5940

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