Northland Resources Inc.
TSX VENTURE : NAU

Northland Resources Inc.

July 14, 2005 18:47 ET

North American Gold Inc.: Stock Options Granted

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 14, 2005) - North American Gold Inc. (TSX VENTURE:NAU) announces that it has granted incentive stock options to directors and consultants of the Company to purchase up to an aggregate of 200,000 shares exercisable at a price of $0.72 per share. 150,000 of the options are exercisable for one year and 50,000 options are exercisable for five years.

Background

North American Gold Inc. is a well-structured, debt free junior exploration company with a portfolio of high quality gold, iron and base metal exploration projects in Sweden and Finland. The Company has an option to acquire a 60% interest in the Norra and Barsele properties in Sweden from MinMet plc by incurring a total of US $3.5 million in exploration expenditures and issuing 400,000 shares to MinMet by November 3, 2006, and has entered into an option agreement with Anglo American, plc to acquire a 100% interest in two exploration permits --the Pajala properties-- covering approximately 18,000 hectares of ground which host a number of known iron-oxide+copper-gold targets in Sweden. North American also recently acquired 27 exploration reservations in Finland, covering over 23,825 hectares covering the mineral-rich Pajala shear zone in the western part of Finnish Lapland, near the Swedish border.

ON BEHALF OF THE BOARD

Buck Morrow, President

NORTH AMERICAN GOLD INC.

The TSX Venture Exchange has not reviewed and does not take responsibility for the accuracy of this release.

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