Northern Shield Announces Private Placement



    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
    UNITED STATES/

    OTTAWA, April 28 /CNW Telbec/ - Northern Shield Resources Inc. ("Northern
Shield") (TSX-V: NRN) is pleased to announce that it is confirming orders for
a non-brokered private placement (the "Private Placement"), in one or more
closings, of up to 15,613,889 units ("Units") at a price of $0.09 per Unit for
gross proceeds of up to $1,405,250 million, each Unit consisting of one common
share and one-half of one warrant with each whole warrant exercisable for one
common share at a price of $0.15 for a period of 18 months. The proceeds from
the Private Placement will be used for exploration on Northern Shield's
properties, working capital and for general corporate purposes. Finder's fees
of up to 10% in cash will be paid to certain finders in connection with the
Private Placement. It is expected that certain insiders of Northern Shield (a
10%+ holder as well as directors) will purchase approximately 6,280,555 Units,
in aggregate, under the Private Placement. The securities issued under the
Private Placement and the common shares issuable upon exercise of the warrants
will be subject to a hold period of four months and a day from the date of
their issuance. Completion of the Private Placement is subject to the approval
of TSX Venture Exchange.

    Northern Shield is an innovative, results-driven Canadian company focused
on Platinum Group Element (PGE) and diamond exploration in Ontario. Its
mission is to create a successful mineral exploration company through
technical excellence and efficient management, where success is measured by
the identification and development of high-quality mineral exploration
projects, which may ultimately be optioned, sold or developed for maximum
return on investment.

    No stock exchange, securities commission or other regulatory authority
    has approved or disapproved the information contained herein.
    %SEDAR: 00007505E




For further information:

For further information: on Northern Shield and its properties, please
visit our website at www.northern-shield.com or contact: Ian Bliss, President
and CEO, Northern Shield Resources Inc., (613) 232-0459, Fax: (613) 232-0760,
info@northern-shield.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890