Northern Precious Metals 2005 Limited Partnership Announces Dissolution and Distribution of Net Assets



    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER US WIRE SERVICES/

    TORONTO, June 25 /CNW/ - Mr. Jean-Guy Masse, President of Northern
Precious Metals 2005 Inc., is pleased to announce that effective July 1, 2007
Northern Precious Metals 2005 Limited Partnership (the "Partnership") will
distribute substantially all its net assets in cash pro rata to limited
partners.
    Limited partners will receive $979.20 cash for each unit of the
Partnership held by them. After giving effect to this distribution, the
Partnership's only remaining assets will be warrants issued by four investee
companies. These warrants have expiry dates in December 2007. Net proceeds, if
any, from the disposition of these warrants will be distributed in cash pro
rata to limited partners on or before December 31, 2007.
    This cash portion represents an after tax return of 78.11% on money at
risk over an eighteen month period or an annualized after tax return of 71.12%
on an after tax cost for an Ontario resident who is subject to the highest
marginal tax rate. Units of the Partnership were sold for $1,000 each by a
Prospectus dated October 13, 2005.

    "We are delighted with the performance of our 2005 fund," said Mr. Masse,
"and are pleased to return cash to our investors. We are hopeful that we will
be able to distribute additional cash before the end of 2007."

    About Northern Precious Metals Funds

    The Northern Precious Metals Funds provide investors with a tax-assisted
investment in portfolios of flow-through shares of mining companies with a
view to achieving capital appreciation.
    Units of Northern Precious Metals 2007 Limited Partnership are currently
offered for sale in all the Provinces of Canada pursuant to an amended and
restated prospectus dated June 4, 2007, and can be purchased through any
Investment Dealer in those provinces. The 2007 offering represents the fifth
consecutive year in which Northern Precious Metals Funds has distributed a
flow-through share limited partnership dedicated exclusively to the mining
industry. A copy of the amended and restated prospectus can be found at
www.sedar.com. Secutor Capital Management Corporation is acting as lead agent
for the 2007 offering.

    This press release is for information purposes only and does not
constitute an offer to sell or a solicitation to buy the securities referred
to herein. This offering is made by prospectus only and copies thereof may be
obtained from Secutor Capital Management Corporation (Contact Syndication:
Diane Derlis 416-545-1015).

    %SEDAR: 00021817E




For further information:

For further information: visit www.npmfunds.com, or please contact: Mr.
Jean-Guy Masse, President, Northern Precious Metals Funds, (514) 898-3959,
info@npmfunds.com

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SECUTOR MANAGEMENT CORP.

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NORTHERN PRECIOUS METALS MANAGEMENT INC.

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