Management Discussion & Analysis

June 30, 2021

The following Management’s Discussion and Analysis of the results of operations and financial position, prepared as of July 27, 2021 should be read in conjunction with the unaudited  condensed interim financial statements  of  Northern  Uranium  Corp.  for  the  six  month  period  ended  June  30,  2021,  as  well  as  the  audited financial statements for the year ended December 31, 2020 and the related management discussion and analysis (the “annual MD&A”). The unaudited condensed interim financial statements for the six month period ended June 30, 2021 have been prepared in accordance with International Financial Reporting Standards (“IFRS”).

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