North Atlantic Resources Ltd.
TSX VENTURE : NAC

North Atlantic Resources Ltd.

February 17, 2010 11:36 ET

North Atlantic Resources Ltd.: Brighton Energy Limited Completes Acquisition of Permits

TORONTO, ONTARIO--(Marketwire - Feb. 17, 2010) - North Atlantic Resources Ltd. (TSX VENTURE:NAC) ("North Atlantic") is pleased to announce that Brighton Energy Limited ("Brighton") has completed the acquisition of North Atlantic's three uranium exploration permits in the Republic of Niger, West Africa. Brighton is a uranium focused explorer with title to 4,000 km2 of well located and prospective ground that contains key geological structures and favorable rocks that are known to host or control the mineralization at producing uranium mines in the region. This region, known as the Tim MersoI Basin, currently ranks as the sixth largest uranium producing area in the world and is expected to become the second largest by 2012 with production from Areva and China Nuclear. It still remains as one of the most under-explored yet most prolific uranium producing districts in the world.

North Atlantic currently holds a 20% equity interest in Brighton. Orezone Gold Corporation (TSX:ORE) will be the initial manager and operator of the exploration programs on the properties. It is intended that Brighton will become an independently financed, managed and listed public company. The 2010 exploration program is expected to be US$3M and will include airborne geophysical surveys followed by ground verification and drilling of the higher priority uranium targets identified along the major mineralized trends.

Brighton will make use of Orezone's strong presence and infrastructure in Niger to assist it in becoming a successful uranium exploration company. This region is on its way to becoming the second largest uranium producing region in the world by 2012 and Brighton is well positioned to capitalize on the exploration potential of its extensive land holdings.

North Atlantic is a Canadian gold exploration company which is developing a portfolio of gold projects in the Republic of Mali, West Africa ("Mali"). Since 2002, the Company has made three important gold discoveries in Mali including the FT Gold Project ("FT") which is the Company's most advanced discovery. North Atlantic's current plans are to expand the resource base at FT while continuing to explore its other gold projects.

Please visit the Company's website www.nac-tsx.com to view project details and planned exploration programs.

This press release has been prepared by North Atlantic Resources Ltd. and no regulatory authority has approved or disapproved the information contained herein.

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