Vote For A Better Mundoro

Vote Your BLUE Proxy Today!

HOW DESPERATE ARE THEY?

VANCOUVER, Aug. 17, 2012 /CNW/ -

Dear Fellow Shareholders,

Earlier today, your President and Chief Executive Officer, Mr. Hoey , on behalf of Mundoro issued a Press Release which was 100% defamatory with respect to Mr. Li, the sole Shareholder of Northern Minerals Investment Corp. ("NMI").

As was announced yesterday, the Company, through its counsel, raised the possibility that Mr. Li's academic history was misstated in the dissident Proxy Circular.  As promptly admitted and press released by NMI, we corrected the description of Mr. Li's time at Harvard in order to make it clear that he received an AMP graduation certificate and not an MBA.

At the same time as the Press Release was being disseminated, the Company, through its counsel, was clearly informed that the error was an internal clerical error within NMI.  It was an accidental, immaterial statement which has been rectified through the Press Release process.  In addition, NMI is completing a mailing to Shareholders to ensure that they have knowledge of this issue.

Notwithstanding the advanced notice that was provided to Mundoro and the steps taken by NMI to correct the problem, Mundoro issued its Press Release today, containing untruth after untruth, all evidently in an effort to persuade shareholders of Mundoro to vote for the incumbent nominees.  The blatant incorrect statements indicating that Mr. Li fabricated or falsely inflated his qualifications in order to mislead Shareholders are entirely wrong and defamatory.  At no point was there ever any intention to have any incorrect statement appear in the proxy circular.

The incumbents' increasing desperation to "win this meeting" at all costs (including exposing the Company to unnecessary defamation, suits and costs) without any respect to NMI, its Principals or, for that matter, other concerned Shareholders, is becoming transparent.

NMI hopes that Mr. Hoey, who is quoted in the Press Release as defaming Mr. Li, will see the error of his ways and, together with the Company, retract the defamatory Press Release and provide the requisite apology.  Notwithstanding multiple requests to do so, the Company has declined.

NMI continues to be baffled at the incumbents' need to defame Mr. Li rather than to discuss matters with the Shareholders that allow minority Shareholders to be heard at the board level on an ongoing basis.  This solicitation of blue proxies, on behalf of NMI, is not to change direction without further information, but rather to provide additional skill sets to the Board in order to allow Mundoro to succeed.

For more information about the actions being taken by NMI, on behalf of concerned Shareholders, to elect two Shareholder Nominees to the Board and to protect shareholder rights, please visit www.mundororights.com.

Please read the Proxy Circular, letter to shareholders and form of proxy for more information.

YOUR VOTE IS EXTREMELY IMPORTANT - VOTE YOUR BLUE PROXY TODAY!

SOURCE: Northern Minerals Investment Corp.

If you have any questions or require assistance in voting your BLUE Proxy, please call Georgeson at:
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