Northern Shield Resources Commences Third Drill Program at Highbank Lake

    OTTAWA, June 12 /CNW Telbec/ - (TSX:V-NRN) - Northern Shield Resources
Inc. ("Northern Shield") is pleased to announce that a field crew has been
mobilized to the its Highbank Lake PGE property in northern Ontario to
commence a 3,000 meter diamond drill program. The program is being funded by
Impala Platinum Holdings Limited in accordance with Northern Shield's option
agreement with Impala.
    The 3,000 meter diamond drill program, to be conducted by Boart
Longyear Inc., is the largest drill program to be conducted by Northern Shield
at Highbank Lake to date. The planned holes will test the Northern Shield's
new understanding of the geometry of the intrusion, specifically targeting the
ultramafic sequence and the transition zone from mafic to ultramafic rocks,
where PGE and chromite reefs are typically hosted. "I am very much looking
forward to this drill program. We have gained a lot of information and
direction from the previous two drill programs and we will be now focussing on
certain prospective layers", stated Ian Bliss, Northern Shield's President.
    Drilling operations will be monitored by Christine Vaillancourt, Northern
Shield's Chief Geologist and the Qualified Person under National Instrument
    The Highbank Lake property covers a recently discovered layered
intrusion, which extends for approximately 500 square kilometers, and is being
explored for reef-hosted PGE and chromium, and contact-type PGE
mineralization. Impala Platinum Holdings Limited of South Africa, the world's
second largest platinum producer, entered into an option agreement with
Northern Shield pursuant to which Impala has the option of incrementally
earning a 60% interest in the PGE and PGE by-products of the property by
incurring $5 million in exploration expenditures on the property within five
years. Impala has already earned a 20% interest in the Highbank Lake project
by incurring $1 million of exploration expenditures.

    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

                     Forward-Looking Statements Advisory

    This news release contains statements concerning the timing, targets, size
and objectives of Northern Shield's third drill program at Highbank Lake and
other expectations, plans, goals, objectives, assumptions, information or
statements about future events, conditions, results of operations 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
    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
geological, geophysical, geochemical and geometrical interpretation, the
ability of Northern Shield to obtain equipment, supplies and qualified
personnel necessary to carry on the third drill program at Highbank Lake, the
general risks and uncertainties involved in mineral exploration in northern
Ontario and those risks and uncertainties set forth in Northern Shield's
management's discussion and analysis filed on SEDAR at under its
    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.

    %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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