Northern Shield Resources Identifies Platinum and Nickel Minerals in Sediment Sample from Highbank Lake

Northern Shield Resources Inc. ("NorthernShield") (TSX-V: NRN) is pleased to announce that a small grain of sperrylite (a platinum mineral) has been identified in a heavy mineral concentrate from a sediment sample previously collected at Northern Shield's Highbank Lake property. A grain of pentlandite (nickel sulphide) was also identified in another sample taken within 400 meters of where the platinum mineral was found.
Geochemical studies carried out on core samples from last years' drill programs provided important new information about the layout of the intrusion and the results are being used to delineate new targets with good potential for reef-style PGE mineralization. The geochemical studies were conducted by Northern Shield. with the assistance of Dr. Wolfgang Maier of University of Western Australia, a world-renown specialist in the Bushveld and other PGE deposits. The location of the samples containing the sperrylite and pentlandite grains coincides with one of the areas suggested by Dr. Maier as being most prospective for PGE mineralization at Highbank Lake.
Northern Shield is in the process of selecting drill targets, to be discussed with Impala Platinum Holdings Limited, for a third drill program at Highbank Lake planned for this summer.
The heavy mineral concentrates from the sediment samples were prepared by Overburden Drilling Management Ltd. of Ottawa and analysed by scanning electron microscope (SEM) at Carleton University in Ottawa by Dr. Richard Taylor.
The Highbank Lake project is being supervised by Christine Vaillancourt, Northern Shield's Chief Geologist and, a Qualified Person under National Instrument 43-101.
The Highbank Lake property covers a recently discovered layered intrusion, which extends for approximately 500 square kilometers, and is being explored for eef-hosted PGE and chromium, and contact-type PGE mineralization. Impala Platinum Holdings limited of South Africa, the world's second largest platinum producer, entered into an option agreement with Northern Shield pursuant to which Impala has the option of incrementally earning a 60% interest in the PGE and PGE by-products of the property by incurring $5 million in exploration expenditures on the property within five years. Impala has already earned a 20% interest in the Highbank Lake project by incurring $1 million of exploration expenditures.

Forward-Looking Statements Advisory

This news release contains statements concerning the potential for PGE mineralization at Highbank Lake, the plans for a third drill program at Highbank Lake and other expectations, plans, goals, objectives, assumptions, information or statements about future events, conditions, results of operations or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect.
Although Northern Shield believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because Northern Shield can give no assurance that such expectations will prove to be correct.
Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward-looking statements or information These risks and uncertainties include, but are not limited to geological geophysical, and geochemical interpretation, the ability of Northern Shield to obtain equipment, supplies and qualified personnel necessary to carry on a third drill program at Highbank Lake and the general risks and uncertainties involved in mineral exploration.
The forward-looking statements or information contained in this news release are made as of the date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.