Northern Lion Gold Corp.

Northern Lion Gold Corp.

October 18, 2007 12:09 ET

Northern Lion Gold Corp.: Drilling Underway at Moura Zinc-Lead-Silver Belt, Portugal

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 18, 2007) - Northern Lion Gold Corp. (the "Company") (TSX VENTURE:NL)(FRANKFURT:N3E) is pleased to announce the commencement of an 8,000 metre diamond drill program on the Company's 100% owned Moura and 95% owned Cercal licenses, located in southern Portugal.

Drilling will focus initially on the Preguica deposit, located within the Moura license, where historical drilling and underground development by the Portuguese government and Compagnie Royalle Austrienne des Mines ("Austrienne") outlined a geological estimate of 1.3 million tonnes averaging 7% zinc and 1.5% lead using a 3% zinc cutoff. This estimate is taken from historical records that predate National Instrument 43-101 ("NI 43-101"). Although the Company has no reason to doubt the accuracy of the estimate, it is not compliant with the requirements of NI 43-101 and should not be relied upon. The initial holes of the current drilling program are intended to provide the Company with a better understanding of the geological nature of the deposit and verify previous data.

The size of the Company's initial drill campaign in Portugal has been increased to a total of 8,000 metres from 5,000 metres after additional targets were defined on both the Moura and Cercal license areas. A second drill rig is expected to arrive later in November. This will allow the Company to follow-up aggressively on initial drill results and continue to test new targets being generated through ongoing exploration on the ground.

Moura License

The 374 square kilometre Moura license is located 180 kilometres east-southeast of Lisbon. The license encompasses two deposits, and 11 known mineral occurrences, within a 25 kilometre lead - zinc - silver belt. The mineralization is strata-bound carbonate hosted and associated with magnetite and hematite.

Drilling will also test the Enfermarias deposit, where in the 1980s, the Portuguese government exploration authority drilled 13 holes on 200 metre centers, 11 of which intersected mineralization. The deposit is open for expansion and further delineation.

Cercal License

The Cercal license covers approximately 240 square kilometres and encompasses a large package of the prolific volcanic-sedimentary unit that hosts the giant (greater than 100 million tonnes) and supergiant (greater than 200 million tonnes) deposits discovered elsewhere in the Iberian Pyrite Belt. Drill targets have been generated through an analysis of the results of an airborne, deep-penetrating VTEM (Versatile Time Domain Electromagnetic) survey and a vigorous re-modeling of existing gravity data. A total of 15 targets have been generated and will be drill tested in a priority sequence. The highest priority targets have been chosen for their potential similarities to known large massive sulphide deposits elsewhere in the Iberian Pyrite Belt.

Quality Control and Assurance

Joan McCorquodale, P.Geo, a consultant to the Company and a "qualified person" as defined by NI 43-101, is responsible for the technical content of this news release.

About Northern Lion

Northern Lion Gold Corp. is a Canadian mineral exploration company, listed on the TSX Venture Exchange and the Frankfurt Exchange. The Company is committed to building a strong portfolio of projects within mining-friendly and infrastructure-rich areas of Europe. It has approximately 31 million shares issued, $5.0 million in cash and a further $5.5 million in marketable securities.

In addition to the Cercal and Moura licenses in Portugal the Company holds a 100% interest in seven projects in the historic Bergslagen mining district of southern Sweden. These properties were acquired in 2006, and data compilation and review and limited soil sampling have been completed in preparation for field work. The Company also holds a 100% interest in the Nynasberget gold prospect, which was recently acquired in the Jamtland region of central Sweden.


John Lando, President.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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