Northern announces acquisition of equity interest in African Aura Resources

    TORONTO, Jan. 16 /CNW/ - Northern Financial Corporation ("Northern")
(TSX: NFC) announced its acquisition today of 220,000 common shares of African
Aura Resources Limited ("African Aura") (TSX-V: AAZ) representing
approximately 0.33% of the total issued common shares of African Aura. The
African Aura shares were acquired on the TSX Venture Exchange for investment
purposes at an average price of $0.105 per share. Combined with the African
Aura common shares previously owned, Northern now owns a total of 6,796,100
common shares, representing approximately 10.09% of the total issued common
shares of African Aura.
    Northern believes the common shares of African Aura are undervalued and
wishes to assist in the enhancement of shareholder value.

    About Northern Financial Corporation

    Northern Financial Corporation wholly owns Northern Securities Inc., a
full service investment dealer that provides financial advisory services to
retail and institutional clients and investment banking services to small
capitalization companies. Northern's head office is at 145 King Street West,
Toronto, Ontario.

    The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this news release. This news release may contain
certain forward looking statements which involve known and unknown risks,
delays, and uncertainties not under Northern's control which may cause actual
results, performances or achievements of Northern to be materially different
from those implied by such forward looking statements. This press release does
not constitute an offer to purchase shares of African Aura.

For further information:

For further information: Vic Alboini, Chairman & Chief Executive
Officer, (416) 644-8110; or Kyler Wells, General Counsel, (416) 644-8177

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Northern Financial Corporation

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