Northern Spirit Resources Inc.
TSX VENTURE : NS

December 22, 2009 17:11 ET

Northern Spirit Resources Inc. Announces Closing of Take-Over Bid for 1250900 Alberta Inc.

CALGARY, ALBERTA--(Marketwire - Dec. 22, 2009) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

James N. Tanner, President of Northern Spirit Resources Inc. (TSX VENTURE:NS) ("Northern Spirit" or the "Corporation"), is pleased to announce that all the Class A shareholder and the holders of Compensation Options of 1250900 Alberta Ltd. ("AlbertaCo") have tendered their securities to the exempt take-over bid (the "Offer") referred to in the December 15, 2009 news release. The Corporation has taken up the securities and has issued 1,997,626 Northern Spirit common shares ("NSI Shares") and 1,518,566 warrants ("NSI Warrants") where one NSI Warrant entitles the holder thereof to purchase one NSI Share at a price of $0.26 each for a three-year period from December 21, 2009. The NSI Warrants will not be posted for trading. There is no hold period on the NSI Shares.

The Corporation also announces that it has closed the non-brokered private placement to non-related parties of 800,000 shares at $0.25 each to raise $200,000, which was referred to in the December 15, 2009 news release. Such shares have a hold period expiring on April 22, 2010.

WARNING: the Corporation relies upon litigation protection for "forward looking" statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary material include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Corporation does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

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 release.

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