Mr. Michael Cooney reports

NEMI ANNOUNCES NORMAL COURSE ISSUER BID

NEMI Northern Energy & Mining Inc. will conduct a new normal course issuer bid. Under the bid, the company may purchase up to 841,031 of its common shares representing up to 5 per cent of the company's issued and outstanding common shares, subject to the restriction that the company may not purchase more than 5 per cent of the common shares in any 12-month period.

The bid will now commence July 22, 2014, and will expire on July 21, 2015, or such earlier date as the company may complete its purchases. The price at which the company will purchase its shares will be the market price thereof at the time of acquisition. Purchases of common shares will be made in the open market, and all common shares acquired by the company will be cancelled. The company has 16,820,635 common shares issued and outstanding as of July 18, 2014.

The board of directors of the company continues to believe that the current market price of the common shares may not fully reflect the value of the company's business and its future business prospects. As a result, the board has concluded that the purchase of the common shares may represent an appropriate and desirable use of the company's funds and further enhance market stability.

We seek Safe Harbor.