Northern Tiger Resources Inc.
TSX VENTURE : NTR

Northern Tiger Resources Inc.

June 22, 2010 06:30 ET

Northern Tiger Resources Options Yukon Gold Property at Livingstone Creek

EDMONTON, ALBERTA--(Marketwire - June 22, 2010) - Northern Tiger Resources Inc. (TSX VENTURE:NTR) is pleased to announce that it has signed an Option Agreement to acquire the DEET Property, located eighty-five kilometres northeast of Whitehorse, Yukon, Canada.

The DEET Property is in the centre of the Livingstone Creek placer gold camp, which has produced more than 14,000 ounces of placer gold since 1905. The lode source for the placer gold is unknown.

Two historic samples of mineralized quartz float from the property returned 303 g/t gold, 8.24 g/t silver, and 23.4% antimony and 66.5 g/t gold, 2,756.5 g/t silver, 30.4% arsenic and 6.3% lead (Yukon Minfile). The DEET property is underlain marble, graphitic phyllite and schist of Upper Devonian Age or older, and is intruded by Early Mississippian tonalite gneiss.

"We are very pleased to add the DEET Property to our growing stable of high-quality Yukon projects," says Greg Hayes, President of Northern Tiger Resources. "We continue to believe that the Yukon is gaining momentum as one of the premier exploration districts in the world, and the DEET Property's location in one of the Yukon's well known placer mining districts make it an attractive prospect." 

A reconnaissance surface exploration program including mapping, prospecting and sampling is planned for the property during the 2010 exploration season.

The Option Agreement, which is subject to TSX Venture Exchange approval, provides Northern Tiger with an option to earn a 100% interest in the property. To complete the option, Northern Tiger will be required to make cash payments of $60,000 (staged over two years), and issue 250,000 shares (½ upon receipt of TSX Venture Exchange approval and ½ on the first anniversary). All shares issued shall be subject to resale restrictions prescribed by applicable securities laws and the policies of the TSX Venture Exchange. The Vendor will retain a 2% net smelter return interest (NSR) on the property. One-half of the NSR can be purchased by Northern Tiger for $1,000,000.

Northern Tiger Resources Inc. is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon. Through its Dawson Range 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

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