Mr. Ian Bliss reports

NORTHERN SHIELD CLOSES FINANCING

Northern Shield Resources Inc. has closed a multifaceted non-brokered private placement of 2.1 million units for total proceeds of $227,500.

The offering comprised: (i) 1.4 million units at 10 cents per unit for aggregate gross proceeds of $140,000, with each unit consisting of one common share in the capital of the company and one common share purchase warrant, with each warrant exercisable for one common share at a price of 20 cents per share within 24 months of the closing; and (ii) 700,000 flow-through (FT) units at a price of 12.5 cents per flow-through unit for aggregate gross proceeds of $87,500, 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 22 cents per share within 24 months of the closing. Proceeds from the offering will be used primarily to incur eligible exploration expenses at the Root & Cellar property. The company paid an aggregate of $1,250 in finders' fees and issued 14,000 FT warrants in connection with the offering.

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

About Northern Shield Resources Inc.

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

We seek Safe Harbor.