North Atlantic Resources Ltd.
TSX : NAC

North Atlantic Resources Ltd.

November 14, 2005 13:35 ET

North Atlantic Resources Ltd. Interim Financial Statements-Period Ended September 30, 2005

TORONTO, ONTARIO--(CCNMatthews - Nov. 14, 2005) - North Atlantic Resources Ltd. (TSX:NAC):

The Company has filed on SEDAR at www.sedar.com its Management's Discussion and Analysis and Financial Statements for the three months ended September 30, 2005.

For the full management discussion and financial statements please visit: http://www.nac-tsx.com/main/financials/financials.htm

3rd Quarter Highlights (as announced in press release dated November 8, 2005)

- NAC has increased its portfolio to having six exploration projects with a total combined area of 1,572 square kilometers (393,000 acres).

- NAC has announced additional high grade, long drill intersections from the Foulalaba/Tiekoumala (FT) gold project 557 square kilometers (139,250 acres) in southern Mali including 16 meters grading 9.32 grams per tonne gold.

- NAC has 2 diamond drill rigs and a reverse circulation rig currently in operation for Phase 3 drilling

President's report

Dr. Jon North, the President and CEO of North Atlantic Resources has reported that "The Company continues to make great progress on the FT project and we are very pleased that the first drill core samples from the project confirmed our original interpretation that this is a large disseminated-type gold system with obvious similarities to other disseminated-type gold deposits in the Birimian rocks of west Africa, in particular, the Morila deposit".

Please visit www.nac-tsx.com to view maps and more project details.

Contact Information

  • North Atlantic Resources Ltd.
    Jon North, P.Geo.
    President and CEO
    (416) 703-6348
    (416) 703-6507 (FAX)
    or
    North Atlantic Resources Ltd.
    Nathalie Roy
    Corporate Affairs
    (416) 703-6348
    (416) 703-6507 (FAX)
    info@nac-tsx.com
    www.nac-tsx.com