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ORIGINAL: NEMI Northern to buy back up to 841,031 shares

2014-07-22 12:53 ET - News Release

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File: NEMI NR NCIB 2014 (00133824).docx

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NEMI Announces Normal Course Issuer Bid
July 22, 2014 - Vancouver, BC, Canada.  NEMI Northern Energy & Mining Inc. (CNSX: NNE) announces that it will conduct 
--->a new normal course issuer bid.  Under the bid, the Company may purchase up to 841,031 of its common shares (the "Comm
--->on Shares") representing up to 5% of the Company's issued and outstanding Common Shares, subject to the restriction th
--->at the Company may not purchase more than 5% of the common shares in any twelve 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 compl
--->ete its purchases.  The price at which the Company will purchase its shares will be the market price thereof at the ti
--->me 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 concl
--->uded that the purchase of the Common Shares may represent an appropriate and desirable use of the Company's funds and 
--->further enhance market stability.
This document may contain statements about expected or anticipated future events and financial results that are forwar
--->d-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market 
--->and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and genera
--->l economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurren
--->ce of unexpected events, and the Company's capability to execute and implement its future plans.  Actual results may d
--->iffer materially from those projected by management.  We seek safe harbour.
For more information, please contact:
Michael Cooney
 
 Director
 
 NEMI Northern Energy & Mining Inc.
 
 (T) 604 684-1554
 
 (T) 415 339-8825
 
 E-mail: mcooney@nemi-energy.com
 
 
NEMI Northern Energy & Mining Inc.
200-1095 West Pender Street, Vancouver, BC V6E 2M6



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