Northern Continental Resources Inc.
TSX VENTURE : NCR

Northern Continental Resources Inc.

December 04, 2007 17:26 ET

Northern Continental Warns Quebec Shareholders About Hathor's Hostile Takeover Bid

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 4, 2007) - Northern Continental Resources Inc. (TSX VENTURE:NCR) has mailed an advisory to its shareholders in Quebec who own approximately one percent of the company's outstanding common stock. Northern Continental is subject to a hostile takeover bid proposed by Hathor Exploration Ltd. (TSX VENTURE:HAT).

The following is the full text of the advisory mailed to shareholders of Northern Continental residing in Quebec:

WARNING

TO QUEBEC SHAREHOLDERS OF

NORTHERN CONTINENTAL RESOURCES INC.

Hathor's Offer and related circular do not conform to the requirements of Quebec securities laws and is therefore not a valid offer in Quebec.

DIRECTORS' RECOMMENDATION

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT NORTHERN CONTINENTAL SHAREHOLDERS REJECT THE OFFER AND NOT TENDER THEIR NORTHERN CONTINENTAL SHARES TO THE OFFER.

If you have already tendered Northern Continental Shares to the Offer, you should WITHDRAW those Northern Continental Shares using the Withdrawal Notice set out in Schedule C to the Directors' Circular.

IF YOU HAVE NOT TENDERED THERE IS NO NEED FOR IMMEDIATE ACTION.

There is no need for Northern Continental Shareholders to do anything immediately. The Offer is currently open until January 3, 2008. Northern Continental's Board of Directors intends to communicate further with Northern Continental Shareholders prior to the expiry of the Offer with respect to any material matters that should arise.

Northern Continental shareholders are urged to read the Directors' Circular and the President's Letter to Shareholders posted on the company's website at www.northerncontinental.ca. They are also available on SEDAR's website at www.sedar.com.

NORTHERN CONTINENTAL RESOURCES INC.

Alan Crawford, President

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Contact Information

  • Northern Continental Resources Inc.
    Douglas Hickey
    VP Corporate Communications
    (604) 685-9255 or Toll Free: 1-800-449-4435
    Website: www.northerncontinental.ca