Northern Shield Resources Completes Drill Program at Highbank Lake and Stakes Claims in the Highbank Lake-Noront Area



    OTTAWA, Oct. 1 /CNW Telbec/ - (TSX:V-NRN) - Northern Shield Resources
Inc. ("Northern Shield") announced today that its drill program at Highbank
Lake has been completed with assay results expected to be completed in two to
three weeks. During this program, which started in June, 7 holes were drilled
for a total of 3395 meters.
    The Highbank Lake property (400 sq km) covers a recently discovered
layered mafic-ultramafic intrusion, which extends for approximately 500 square
kilometers, and is being explored for reef-hosted PGE and chromium, and
contact-type PGE mineralization. The property is located 30 km south of the
Ni-Cu-PGE occurrence recently discovered by Noront Resources Ltd.
    Following the announcement by Noront, Northern Shield has staked several
claims in the area between Highbank Lake and the Noront discovery to cover a
number of magnetic anomalies that are interpreted as possible mafic-ultramafic
intrusions. Three new claim groups totalling 25 square kilometres were staked
and two other claim blocks also covering magnetic highs were staked in the
area prior to Noront's discovery. These claims are not part of the Impala
option agreement and are owned 100% by Northern Shield. Images of these
magnetic anomalies will be available shortly on the Northern Shield's website.
    Impala Platinum Holdings Limited of South Africa, the world's second
largest platinum producer, maintains a 45% interest in the PGE and PGE
by-products of the Highbank Lake property and has the option of incrementally
earning up to a 60% interest in the PGE and PGE by-products of the property by
incurring a total of $5 million in exploration expenditures on the property by
2010.
    Drilling operations were supervised by Christine Vaillancourt, Northern
Shield's Chief Geologist and a Qualified Person under National Instrument    
43-101.
    Northern Shield is an innovative, results-driven Canadian company focused
on PGE exploration. 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
optimal benefit. For further information on Northern Shield and its
properties, please visit Northern Shield's website at www.northern-shield.com.

    Forward-Looking Statements Advisory

    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.


    THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISPROVED THE CONTENTS
    OF THIS PRESS RELEASE
    %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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