Northern Lion Gold Corp.

Northern Lion Gold Corp.

January 19, 2010 14:30 ET

Northern Lion Gold Corp.: Exploration Programs Commence on Cyprus Copper-Gold Enriched VHMS Projects and Moura Lead-Zinc, Copper, Silver Project, Portugal

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2010) - Northern Lion Gold Corp. (the "Company" or "Northern Lion") (TSX VENTURE:NL)(FRANKFURT:N3E) wishes to provide this update on the 2010 exploration programs commencing on the exploration permits in Cyprus and on the Moura Licence in Portugal.

The Republic of Cyprus

In Cyprus the Company has now been granted title to eleven exploration permits, and has an additional nine permits in the application stage, covering a total of approximately 75 square kilometres. All of the permit areas cover the contact between the Upper and Lower Pillow Lavas or between the Lower Pillows and the Basal Group. These are the most productive geological environments for Cyprus style VHMS deposits. The permit areas were selected based on the presence of ancient workings, slag piles and/or the presence of anomalous geochemical signatures.

Phase I exploration on the Cyprus permits will commence at the beginning of February, and will include mapping, soil and rock geochemical sampling, IP and magnetic surveys along with reconnaissance rotary drill testing of any anomalies generated.

One of the permits, Philani, hosts a partially defined orebody of high grade copper and zinc massive sulphide mineralization with significant gold values (this resource predates National Instrument 43-101 ("NI 43-101") and was not prepared in accordance with its requirements). Confirmation and step out drilling will be carried out on the Philani project once all of the historical data compilation has been completed.

The following table contains a summary of the significant values returned from samples collected during the most recent property evaluation trip. The results of that work clearly illustrate the potential of the Cyprus type massive sulphide bodies to host significant gold mineralization along with high grade copper, zinc and silver.

Sample # Sample type AU g/t Cu % Pb % Zn % Ag g/t
KS1 25m chip 0.754 0.003 0.034 0.001 7.2
KS2 15m chip 1.399 0.002 0.005 0 19.3
KS4 Grab 1.304 0.037 0.019 0.051 7.7
PH27 10-11m drill chips 0.334 1.667 0.013 0.7 4.1
PH28 11-12m drill chips 2.184 7.364 0.2668 7.15 67
PH29 12-14m drill chips 1.637 8.043 0.1134 13.38 43.1
PH30 14-16m drill chips 1.156 6.568 0.0807 17.59 36
PH5 Grab 4.046 0.5999 0.0553 0.2343 greater

The history of mineral exploitation (copper, gold and other metals) on the island of Cyprus dates back to the Bronze Age, approximately 5,000 years ago. The Phoenicians were the first to process copper on the island, followed by the Romans and this activity has continued to the present day. The evidence of this long history of mining is readily observed in the abundant ancient surface and underground workings along with extensive slag heaps. Mineral exploration in the Republic of Cyprus has been at a very low level over the last few decades, and management believes that there is a high probability of additional massive sulphide bodies being present that did not outcrop, as nearly all of the known deposits did.

The metal deposits of Cyprus are dominantly copper-bearing volcanogenic hosted massive sulphide "VHMS" deposits. These deposits are hosted within the pillow lava sequence of the Troodos Ophiolite Complex. The pillow lava sequence is divided into Upper and Lower Pillow Lavas, with the majority of massive sulphide bodies located along the contact between the two pillow lava sequences, and the remainder between the Lower Pillow Lavas and the Basal Group. All of the Company's applications overlie these important contacts. Gold mineralization associated with the massive sulphide ores has not historically been evaluated.

Moura Project, Portugal

The Moura Licence is approximately 187 square kilometres and is located 180 kilometres eastsoutheast of Lisbon. The licence encompasses two deposits (Enfermarias and Preguica), and 11 known mineral occurrences, within a 25 kilometre long lead-zinc-silver belt. The mineralization is strata-bound and is hosted by Lower Paleozoic carbonates within the Ossa – Morena Zone of the Iberian Hercynian Orogen. The Moura area has an extensive exploration history commencing in the 1940's, with the majority of the work being completed before 1980.

Northern Lion is initiating a geophysical survey combining Induced Polarization (IP) and Ground Magnetics. The survey will initially cover two areas of interest that display zinc and copper geochemical soil anomalies, neither geophysical surveys nor drilling has been completed within these areas previously. Based on the success of the geophysical survey drill targets will be selected for testing.

Quality Control and Assurance

The Company's field activities in Cyprus are to be supervised by Dr. Kyriacos Louca, under the direction of Jim Chapman, P.Geo. (BC), and the Moura programs are under the supervision of Joan McCorquodale, P.Geo. (BC), consultants to the Company and "qualified persons", as defined by NI 43-101, who are responsible for the technical content of this news release.

Separately, the Company has granted incentive stock options to directors, officers, employees and consultants of the Company, to purchase 1,000,000 common shares of the Company. The options are exercisable for a period of five years at a price of $0.15 per share. The options were granted under and are subject to the terms and conditions of the Company's April 28, 2003 Stock Option Plan, as amended.

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. The Company is well funded to continue to define and explore its existing projects and to acquire and explore new projects.

In addition to its exploration permits in Cyprus and 100% interest in its Moura Licence in Portugal, the Company holds a 100% interest in several projects in the historic Bergslagen mining district of southern Sweden.


John Lando, President

This news release includes "forward-looking information", as such term is defined in applicable securities laws. The forward-looking information includes, without limitation, the success of exploration activities and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among others, risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; potential defects in title to the Company's properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and, except as required by law, the Company is under no obligation to update or alter any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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