Mr. Ian Bliss reports

NORTHERN SHIELD CLOSES FINANCING

Northern Shield Resources Inc. has closed a non-brokered, private placement of one million units for total proceeds of $50,000.

The offering was comprised of one million flow-through units at a price of five cents per flow-through unit for aggregate gross proceeds of $50,000 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 10 cents per share within 24 months of the closing. Proceeds from the offering will be used to incur eligible exploration expenses at the Root & Cellar property, primarily at the Drop zone.

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 Resources 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 the company, the company's 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.