Kelowna, British Columbia – October 15, 2015 – Northern Uranium Corp. (TSXV: UNO) (the “Company”) announces that, further to its news release of September 21, 2015, it has closed
its private placement, issuing 12,499,998 flow through units (the “FT Units”) at a price of $0.04 per FT Unit for gross proceeds of $499,999.92 (the “Closing”). Each FT Unit is comprised of
one flow through share of the Company and one-half of a non-flow through warrant. Each whole warrant entitles the holder to acquire a common share of the Company at a price of $0.07
for a term of 2 years.
