Northern Orion Resources Inc.

Northern Orion Resources Inc.

June 02, 2006 18:35 ET

Northern Orion Grants Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 2, 2006) - Northern Orion (TSX:NNO)(AMEX:NTO) has granted incentive stock options to directors, officers, employees and consultants for the purchase of a total of 5,340,000 common shares in its capital. The options are exercisable on or before May 19, 2013 at a price of Cdn.$5.34 per share.

Northern Orion is a mid-tier copper and gold producer focused on the development of its Agua Rica project and engaged in the exploration for copper and associated by-product metals in Argentina.

David Cohen, President and CEO

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