Northern Shield Provides Updates on Exploration at Nickel and PGE Properties in James Bay Lowlands - Impala to fly airborne survey at Highbank

    OTTAWA, Oct. 2 /CNW Telbec/ - Northern Shield Resources Inc. ("Northern
Shield") (TSX-V: NRN) is pleased to announce that an airborne VTEM survey has
just been completed by Geotech Ltd over its 100% owned Wabassi property which
is being explored for Ni-Cu-PGEs. In addition, Impala is funding an airborne
VTEM survey over a portion of the Highbank Lake Property, which is believed by
Northern Shield's management to be the most prospective for PGEs within the
Highbank Property. The survey is expected to commence next week and is being
flown by Geotech Ltd at 150 meter spaced lines.
    Drilling is continuing on the Max property which is adjacent to the
Wabassi Property. Assays are still pending on previous holes.
    Two VTEM survey lines will also be flown over Northern Shield's 100%
owned Eastbank property. These survey lines will provide a geophysical
cross-section through the interpreted intrusion which will help guide the
diamond drill program at Eastbank which is planned to commence upon the
completion of work at Max and Wabassi. Northern Shield interprets the
concentric magnetic pattern at Eastbank to represent the ultramafic portion of
very large layered intrusive complex. Fragments of peridotite and grains of
chromite with exceptional high chrome to iron ratios have been found in the
overburden overlying the target. Chromitite boulders and strong PGE anomalies
have also previously been identified in till samples collected down-ice from
the Eastbank and Highbank properties.
    The "Max" nickel-copper-PGE prospect is located adjacent to Northern
Shield's 100% owned Wabassi property in northwestern Ontario. Under Northern
Shield's option agreement with East West Resource Corporation, Northern Shield
is the operator and manager of exploration at Max and has the right to option
to earn up to 66% interest in the property. 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.

    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 or contact:

    Forward-Looking Statements Advisory

    This news release contains statements concerning the potential for
nickel, copper, PGE and other mineralization, geological, geophysical and/or
geometrical analyses, planned exploration and the timing thereof 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,

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