Northern Tiger Resources Inc.
TSX VENTURE : NTR

Northern Tiger Resources Inc.

July 28, 2009 06:30 ET

Northern Tiger Resources Acquires Additional Properties in Dawson Range, Yukon

EDMONTON, ALBERTA--(Marketwire - July 28, 2009) - Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX VENTURE:NTR) is pleased to announce the acquisition through staking of two new 100% owned properties, the KORAT and BIRMAN properties, near Underworld Resources' White Gold property, roughly 90 km south of Dawson City, Yukon, Canada. In addition, 14 claims were added contiguous with Northern Tiger's principal gold property, Sonora Gulch and 42 claims were added to Northern Tiger's DAD property (prospective for Minto-style copper-gold mineralization).

"We are excited about the exploration activity in the Dawson Range area this season", says Greg Hayes, President of Northern Tiger Resources Inc. "Our work on Sonora Gulch has established the potential for multiple styles of gold mineralization over large areas, and the exploration results throughout the region are demonstrating the potential of the entire district. Our current drill program at Sonora is on-schedule and we look forward to conducting regional exploration on our other properties in the Dawson Range area."

The Korat property consists of 34 quartz mineral claims (714 hectares) and is approximately 19 kilometers northwest of Underworld's Golden Saddle Zone. The Birman property consists of 24 quartz mineral claims (514 hectares) and is approximately 15 kilometers to the southwest of the Golden Saddle Zone. Both blocks cover ground within the same district-scale geological setting as the White Gold property. No major faults or structural breaks are known to occur in the area between the properties and the White Gold discovery. Northern Tiger's exploration crew carried out preliminary prospecting and soil sampling on the properties to follow-up on anomalous antimony stream sediment values identified by government geochemical surveys. Results are pending.

Subject to approval by the TSX Venture Exchange, the Company has agreed to issue a total of 100,000 Class "A" Common Shares (the "Common Shares") and grant a 1% net smelter return royalty on each of the properties to an arm's length consultant in consideration for services rendered in identifying the target properties. 0.5% of the net smelter royalty return may be repurchased for $500,000. The common shares have a deemed price of $0.20 per common share, will be subject to a 4 month restricted period and will be issued pursuant to exemptions from prospectus and registration requirements.

This News Release was reviewed and approved by Carl Schulze, PGeo, Qualified Person for the Northern Tiger properties.

Northern Tiger Resources Inc. is a new Canadian-based resource exploration company focused on the rapidly developing Dawson Range gold-copper mining district in the Central Yukon, Canada. Through its exploration alliance with Capstone Mining Corp.'s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production.

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements.

Neither 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.

Contact Information