Northern announces all cash take-over bid for African Aura Resources



    TORONTO, Feb. 4 /CNW/ - Northern Financial Corporation ("Northern" or the
"Company") (TSX: NFC) today announced its all cash offer (the "Offer") to
acquire all of the issued common shares ("Shares") of African Aura Resources
Limited ("African Aura") (TSX-V: AAZ) at a cash price of $0.06 per Share.
Northern owns 6,826,100 Shares representing approximately 10.1% of the total
issued Shares.
    The Offer represents a premium of approximately 3.27% to the volume
weighted average trading price of the Shares on the TSX-V for the 120-day
period ended February 2, 2009, which was $0.0581. There is a considerable lack
of liquidity in African Aura Shares and the Offer provides Shareholders with
an opportunity to realize immediate liquidity for their African Aura Shares.
    The Offer is conditional on, among other things, the deposit of that
number of Shares which, when taken together with the Shares already owned by
Northern, constitutes at least 50% of the Shares plus one Share. Northern has
arranged a credit facility of $3,650,000 which will be relied upon to take up
and pay for Shares deposited and not withdrawn under the Offer.
    Today Northern will send the Offer documents to the shareholders of
African Aura, file the Offer documents with applicable securities regulatory
authorities and deliver copies to African Aura. Copies of the Offer documents
will be available on SEDAR at www.sedar.com.

    About Northern Financial Corporation

    Northern Financial Corporation wholly owns Northern Securities Inc., a
full service investment dealer that provides financial advisory services to
retail and institutional clients and investment banking services to small
capitalization companies. Northern's head office is at 145 King Street West,
Toronto, Ontario.

    The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this news release. This news release may contain
certain forward looking statements which involve known and unknown risks,
delays, and uncertainties not under Northern's control which may cause actual
results, performances or achievements of Northern to be materially different
from those implied by such forward looking statements. This press release does
not constitute an offer to purchase shares of African Aura. Such an offer can
only be made through an offer to purchase and circular filed with applicable
securities regulatory authorities. Northern urges shareholders of African Aura
to read the Offer documents once available as they will contain important
information.





For further information:

For further information: Vic Alboini, Chairman & Chief Executive
Officer, (416) 644-8110; or Kyler Wells, General Counsel, (416) 644-8177

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Northern Financial Corporation

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