Northern Precious Metals 2007-II Limited Partnership (the "Partnership")



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

    TORONTO, Oct. 22 /CNW/ - Northern Precious Metals Management Inc.
announces today that final receipts of the regulators in each of British
Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, New
Brunswick, Prince Edward Island and Newfoundland Labrador have been issued for
the Prospectus of Northern Precious Metals 2007 Limited Partnership dated
October 15, 2007.
    The initial closing date is scheduled to occur on October 31, 2007.
    The proceeds of the offering will be invested in flow-through shares of
Canadian mining companies. Limited Partners will be entitled to claim certain
deductions from income and investment tax credits for the 2007 taxation year.
    The Partnership's investment objective is to provide limited partners
with a tax-assisted investment in a portfolio of flow-through shares of mining
companies with a view to achieving capital appreciation.
    Secutor Capital Management Corporation is acting as lead agent for the
offering. A copy of the Prospectus can be found at www.sedar.com.

    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.

    %SEDAR: 00025711E




For further information:

For further information: Secutor Capital Management Corporation: Mr.
Frank Jacobs, (416) 545-1015

Organization Profile

SECUTOR MANAGEMENT CORP.

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NORTHERN PRECIOUS METALS MANAGEMENT INC.

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