Northern Shield Grants Stock Options

OTTAWA, Nov. 1 /CNW/ - Northern Shield Resources Inc. ("Northern Shield") [TSX-V: NRN] (the "Corporation") is pleased to announce that it has granted a total of 2,055,000 options pursuant to its Stock Option Plan to employees, directors and consultants of the Corporation. 1,140,000 options were issued to directors and officers, and the balance was issued to employees and consultants of the Corporation. Each option, which was granted after close of markets on October 29, 2010, entitles the holder to acquire one share for $0.175 for a period ending October 29, 2015.

Northern Shield is an innovative, results-driven Canadian company focused on 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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For further information:

on Northern Shield and its properties, please visit our website at www.northern-shield.com or contact:

Northern Shield Resources Inc.
Ian Bliss
President and CEO
Tel.: [phone]
Fax: [phone]
[email protected]