Northern Abitibi Mining Corp.

Northern Abitibi Mining Corp.

July 13, 2005 16:25 ET

Northern Abitibi Mining Corp.: Nevada Property Acquired

CALGARY, ALBERTA--(CCNMatthews - July 13, 2005) - Northern Abitibi Mining Corp. (TSX VENTURE:NAI) ("Northern Abitibi") is pleased to announce the acquisition of a precious metal property in Lincoln County, Nevada.

The core of the property consists of 3 patented mining claims (24.69 Hectares) covering the past producing Silver Park Mine in the Atlanta Mining District of Nevada. High-grade silver-gold veins were mined at Silver Park from the 1870's, with reported grades of several kilos silver per ton, and up to 8.7 g/t gold. In the 1970's shallow rotary drilling (less than 30 meters deep) defined a near surface zone of disseminated mineralization at Silver Park. A portion of this was mined by open pit and contained approximately 138 g/t silver and up to 1 g/t gold or more.

There remains excellent potential to trace the known mineralized body to depth and along strike, and for the discovery of new high-grade silver-gold veins.

Northern Abitibi's wholly owned Nevada Subsidiary NAMCOEX Inc. can earn a 100% interest in the property by making an initial payment of $US 16,000 and staged payments to the vendor, OFOR Silver L.L.C., totalling $125,000.00 US over 5 years. The property vendor will retain a 4.0% Net Smelter Royalty, 2% of which is purchasable at Northern Abitibi's election for $1,000,000.00 US. OFOR Silver L.L.C. is at arms' length to the Company and no finders fee is being paid in connection with this transaction.

"James Devonshire"

James Devonshire


Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates" and similar expressions, are forward-looking information that represents management of Northern's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Northern. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Northern's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Northern's filings with the Canadian securities authorities. Accordingly, holders of Northern shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Northern disclaims any responsibility to update these forward-looking statements.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.

Contact Information

  • Northern Abitibi Mining Corp.
    James Devonshire
    (403) 233-2636