Northern Abitibi Mining Corp.

Northern Abitibi Mining Corp.

March 10, 2005 09:00 ET

Northern Abitibi Mining Corp.: Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NORTHERN ABITIBI MINING CORP.

TSX VENTURE SYMBOL: NAI

MARCH 10, 2005 - 09:00 ET

Northern Abitibi Mining Corp.: Private Placement

CALGARY, ALBERTA--(CCNMatthews - March 10, 2005) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES

Northern Abitibi Mining Corp. (TSX:NAI) ("Northern Abitibi") is pleased
to announce that it has closed a non-brokered private placement for
$750,000 Cdn. consisting of 10,714,286 Units at $0.07 per Unit. Each
Unit consists of one common share of Northern Abitibi and one full share
purchase warrant. Each warrant entitles the holder to purchase one
additional common share at a price of $0.10 per share until March 9,
2007.

The common shares issued are subject to a hold period until July 11,
2005.

Proceeds of the financing will be used to locate and acquire new mineral
properties and for working capital purposes.

The offered securities will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), and may
not be offered or sold within the United States or to, or for the
account or benefit of, a "U.S. person", as such term is defined in
Regulation S promulgated under the U.S. Securities Act, except in
certain transactions exempt from the registration requirements of the
U.S. Securities Act.

This news release shall not constitute an offer to sell or an offer to
buy the securities in any jurisdiction.



"Jean Pierre Jutras"

Jean Pierre Jutras
Vice-President/Director


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.

12g3-2(b) File No. 82-4749

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Northern Abitibi Mining Corp.
    Jean Pierre Jutras
    (403) 233-2636
    Website: www.naminco.ca
    or
    Northern Abitibi Mining Corp.
    Suite 500, 926-5th Avenue S.W.
    Calgary, Alberta, T2P 0N7
    (403) 233-2636
    (403) 266-2606 (FAX)
    The TSX Venture Exchange has neither approved nor disapproved of the
    contents of this press release.