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File: Northern Uranium - News Release re issuance of shares and warrants to CanAlaska (2).DOCX
Northern Uranium Corp. 203-1634 Harvey Avenue Kelowna, British Columbia, V1Y 6G2
NEWS RELEASE
Kelowna, British Columbia - December 22, 2014 - Northern Uranium Corp. (TSXV: UNO) (the "Company") announces that furt
--->her to its news release dated December 12, 2014 and pursuant to the terms of an option agreement signed with CanAlaska
---> Uranium Ltd. ("CanAlaska") dated September 23, 2014, as amended, the Company has issued 2,500,000 common shares and 1
--->,250,000 warrants to CanAlaska with each warrant exercisable into a common shares of the Company at an exercise price
--->of $0.05 per share for a period of two years. These securities are issued in connection with the right to earn a 70%
--->interest in the project. In order to complete the acquisition of the 70% interest the Company must incur further expe
--->nditures of $2,800,000 over the next two years.
For further information please contact:
Chad Ulansky CUlansky@metalexventures.ca
Telephone: 250-448-4110
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--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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