Management Discussion & Analysis

September 30, 2020

The following Management’s Discussion and Analysis of the results of operations and financial position, prepared as of November 4, 2020 should be read in conjunction with the unaudited condensed interim financial statements of Northern Uranium Corp. for the nine month period ended September 30, 2020, as well  as  the  audited  financial  statements  for  the  year  ended  December  31,  2019  and  the  related  management discussion and analysis (the “annual MD&A”). The unaudited condensed interim financial statements  for  the  nine  months  ended  September  30,  2020  have  been  prepared  in  accordance  with  International Financial Reporting Standards (“IFRS”). All amounts are expressed in Canadian dollars unless otherwise indicated

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