TSX-V Approves Northern Shield and East West Option Agreement on Max Property - Northern Shield Mobilizes Drill to Max Property



    OTTAWA, July 16 /CNW Telbec/ - Northern Shield Resources Inc. ("Northern
Shield") (TSX-V: NRN) is pleased to announce that the TSX Venture Exchange has
accepted for filing documentation pertaining to an agreement whereby Northern
Shield Resources Inc. can earn up to a 66% interest in East West Resource
Corporation's Max property which is being explored for Ni-Cu-PGEs. Under the
terms of the option agreement, Northern Shield can earn an initial
50% interest in the property by making a payment of $75,000, issuing
300,000 shares, incurring $1 million in exploration expenditures on the
property within 2 years, of which $250,000 must be incurred in 2008, and
making an additional payment of $50,000 and issuing an additional
100,000 shares on the first anniversary of the agreement. After earning its
50% interest, Northern Shield can increase its interest to 66% with an
additional expenditure of $2.5 million over two years and the issuance of an
additional 250,000 shares.
    Mobilization of a drill and field crew to the Max property will commence
at the end of this week. The planned 1600 meter, four hole diamond drill
program at Max will be overseen by Christine Vaillancourt, Northern Shield's
Chief Geologist, who is a Qualified Person under National Instrument 43-101.
It is planned to move the drill to Eastbank on completion of the drilling at
Max.
    The "Max" nickel-copper PGE prospect is located adjacent to Northern
Shield's Wabassi property in northwestern Ontario. Under the agreement
Northern Shield is the operator and manager of the exploration. Northern
Shield is exploring its Wabassi property for nickel-copper-(PGE)
mineralization, and believes that the Wabassi north and East West's Max
targets are parts of a feeder conduit to the main Wabassi intrusion. The prime
drill target on the Max property is a 700 meter long electromagnetic (EM)
conductor that is believed by Northern Shield to be hosted in a mafic
intrusion.
    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

    Forward-Looking Statements Advisory

    This news release contains statements concerning the potential for
nickel, copper, PGE and other mineralization at Max and Wabassi, geological,
geophysical and/or geometrical analyses of the Max and Wabassi properties 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 exploration 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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