Mr. Ian Bliss reports

NORTHERN SHIELD CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FOR $1,278,796

Northern Shield Resources Inc. has closed the first tranche of a multifaceted, non-brokered private placement financing of 23,742,594 common shares on a non-flow-through and flow-through basis for total proceeds of $1,278,796.

The initial tranche comprises: (i) 14,575,926 units at five cents per unit for aggregate gross proceeds of $728,796, with each unit consisting of one common share in the capital of the company and one-half of one common share purchase warrant, with each whole warrant being exercisable for one common share at a price of 10 cents per common share within 24 months of the closing of the offering; and (ii) 9,166,668 common shares issued on a flow-through basis, within the meaning of the Income Tax Act (Canada), at a price of six cents per flow-through share for aggregate gross proceeds of $550,000. Proceeds from the offering will be used for working capital purposes and to incur eligible exploration expenses at the Shot Rock and Root & Cellar properties.

The offering is subject to final approval of the TSX Venture Exchange. The company paid an aggregate of $40,000 in finders' fees in connection with this tranche. The company anticipates closing a second tranche next week. Securities issued under the offering are subject to restrictions on resale for a period of four months from the date of closing.

About Northern Shield Resources Inc.

Northern Shield Resources is a Canadian-based company focused on generating high-quality exploration programs with experience in many geological terranes. It is known as a leader in executing grassroots exploration programs for nickel-copper-platinum-group-elements and utilizing expertise and innovation toward working on other deposit types.

We seek Safe Harbor.