Northland Resources Inc.
TSX VENTURE : NAU
FRANKFURT : NBS
OSLO STOCK EXCHANGE : NAUR

Northland Resources Inc.

November 06, 2007 09:15 ET

Northland Provides Update on Aesir Mining

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2007) - Buck Morrow, the President of Northland Resources Inc. (TSX VENTURE:NAU)(FRANKFURT:NBS)(OSLO:NAUR), announces that Northland's financial advisor, Pareto Securities, is advising that the Company postpone the financing for Aesir Mining ("Aesir") that was announced on October 23, 2007. As a result, the planned spin-off of Aesir as a public company has been temporarily delayed.

Background

Northland Resources Inc. is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.

ON BEHALF OF THE BOARD

Buck Morrow

NORTHLAND RESOURCES INC.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Northland Resources Inc.
    Buck Morrow
    President
    Toll Free: 1-866-719-8962
    or
    Northland Resources Inc.
    Ralph Rushton
    Investor Relations - North America
    Toll Free: 1-866-719-8962
    or
    Northland Resources Inc.
    Gabriella Roos
    Investor Relations - Europe
    +44 791 286 9936
    Website: www.northlandresourcesinc.com