Northern Shield Resources Commences Exploration at Wabassi, northern Ontario and completes Private Placement



    OTTAWA, June 10 /CNW Telbec/ - Northern Shield Resources Inc. ("Northern
Shield") (TSX-V: NRN) is pleased to announce that a reconnaissance rock
sampling program has been completed at its 100% owned Wabassi property in the
western James Bay Lowlands. The Wabassi property covers a PGE bearing layered
mafic-ultramafic intrusion that Northern Shield discovered in late 2007.
    The Wabassi property is located up-ice from a series of till samples
collected by the Ontario Geological Survey that are distinctly anomalous in
Ni-Cr and PGEs. The PGE potential of the intrusion was confirmed earlier this
year when Northern Shield identified significantly enriched PGEs in bedrock
(see press release dated January 17, 2008). The rock sampling program focussed
on the area of the property where the enriched bedrock located. The property
was also visited by Dr Wolfgang Maier, consultant to Northern Shield and world
renowned PGE and layered intrusion expert. The rock samples were sent to ALS
Chemex in Vancouver B.C where they are being analysed for PGEs and
base-metals. Assays are expected within two weeks.
    Exploration at Wabassi was supervised by Christine Vaillancourt, Northern
Shield's Chief Geologist, who is a Qualified Person under National Instrument
43-101.
    Northern Shield also announce that it has completed a private placement
(the "Private Placement") of 920,000 units ("Units") of Northern Shield and
415,000 common shares on a flow-through basis ("Flow-Through Shares") of
Northern Shield at a price of $0.60 per Unit and $0.65 per Flow-Through Share
for gross proceeds of $821,750. Each Unit consisted of one common share and
one-half of one common share purchase warrant. Each full warrant entitles the
holder thereof to acquire one common share at a price of $0.85 per common
share for a period of eighteen months from the issuance of the warrant.
Finder's fees of $21,200 in cash and warrants entitling the holders to acquire
an aggregate of 32,000 common shares at an exercise price of $0.85 per common
share for a period of eighteen months were paid in connection with the Private
Placement. The securities issued under the Private Placement and the common
shares issuable upon exercise of the warrants cannot be traded for four months
and a day from the date of their issuance.
    Northern Shield is an innovative, results-driven Canadian company focused
on diamond and Platinum Group Element (PGE) 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. For further information on Northern Shield and its
properties, please visit our website at www.northern-shield.com or contact:

    Forward-Looking Statements Advisory

    This news release contains statements concerning the potential for PGE
and other mineralization at Wabassi, geological, geophysical and/or
geometrical analyses of Wabassi and other expectations, plans, goals,
objectives, assumptions, information or statements about future events,
conditions, results of exploration 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,
risks associated with geological, geometrical and geophysical interpretation
and analysis, the ability of Northern Shield to obtain financing, equipment,
supplies and qualified personnel necessary to carry on further exploration at
its properties 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.

    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: Ian Bliss, President and CEO, Northern Shield
Resources Inc., (613) 232-0459, Fax: (613) 232-0760, info@northern-shield.com


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