Mr. Ian Bliss reports

NORTHERN SHIELD CLOSES PRIVATE PLACEMENT FOR $100,000

Northern Shield Resources Inc. has closed the first tranche of a multifaceted, non-brokered private placement financing of 1,884,616 units on a non-flow-through and flow-through basis for total proceeds of $100,000.

The offering comprised: (i) 1.5 million units at five cents per unit for aggregate gross proceeds of $75,000, with each unit consisting of one common share in the capital of the company and one common share purchase warrant, with each whole warrant exercisable for one common share at a price of 10 cents within 24 months of the closing; and (ii) 384,616 flow-through units for aggregate gross proceeds of $25,000, with each flow-through unit consisting of one common share issued on a flow-through basis (within the meaning of the Income Tax Act (Canada)) and one-half of one common share purchase warrant. Each whole FT warrant is exercisable for one common share at a price of 12.5 cents within 24 months of the closing. Proceeds from the offering will be used primarily for working capital purposes and to incur eligible exploration expenses at the Root & Cellar property.

Securities issued under the offering are subject to restrictions on resale for a period of four months from the date of closing. The offering is subject to the final approval of the TSX Venture Exchange.

About Northern Shield Resources Inc.

Northern Shield Resources is a Canadian-based company known as a leader in generating high-quality exploration targets. The company views greenfield exploration as an opportunity to find a Tier 1 asset near surface and at relatively low cost. It implements a model-driven approach in exploration to reduce any risk associated with early-stage projects for itself, its shareholders and the environment. It is this approach that led to the discovery of an alkaline-driven gold-silver-tellurium-copper porphyry system at its Root & Cellar project in Newfoundland.

We seek Safe Harbor.