North Atlantic Resources Ltd.

North Atlantic Resources Ltd.

September 09, 2010 10:33 ET

North Atlantic Completes Sale of Shares of Niger Resources for CDN$1 Million

TORONTO, ONTARIO--(Marketwire - Sept. 9, 2010) - North Atlantic Resources Ltd. ("North Atlantic" or the "Company") (TSX VENTURE:NAC) announces that it has completed the sale of its shares of Niger Resources Inc. to Orezone Inc. for gross proceeds of Cdn$1 million, as originally announced in the Company's press release dated June 14, 2010.

Scott Waldie, President and CEO of North Atlantic, said "By selling our remaining interest in Niger, North Atlantic is now able to focus on our gold exploration projects in the Republic of Mali."

North Atlantic has 48,160,407 common shares issued and outstanding (68,220,011 common shares on a fully diluted basis).

Please visit the Company's website to view project details and planned exploration programs.

This press release has been prepared by North Atlantic Resources Ltd. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information