Northern Gold Mining Inc.

Northern Gold Mining Inc.

May 17, 2013 17:49 ET

Northern Announces Appointment of New President & CEO

TORONTO, ONTARIO--(Marketwired - May 17, 2013) - NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or the "Company") announces that Mr. Greg Gibson has resigned as President and Chief Executive Officer the Company effective immediately. Mr. Gibson will remain a director of the Company and has agreed to provide consulting services to the Company for a period of ninety days. The Board of Directors and Management would like to thank Mr. Gibson for his dedication and immense contribution to the Company and wish him success in his future endeavours.

Martin Shefsky, former President and Chief Executive Officer of the Company from May 2006 until July 2012, has agreed to serve President and CEO Northern Gold. Mr. Shefsky holds a B.A. in Political Science and Psychology from Pepperdine University (Malibu, California). Mr. Shefsky has over twenty years' management experience with existing and start-up companies in Canada and the United States. He was the founder and, from 1997 until 2005, a director of Regis Resources Inc. based in Buckhorn, Ontario. Mr. Shefsky has also been a director of Northern Gold since 2006. Mr. Shefsky has an extensive background in development, sales and marketing and experience in a wide spectrum of commercial ventures including natural resource exploration, financial consulting, stock trading and portfolio management.

About Northern Gold

Northern Gold is a TSXV-listed gold company based in Toronto, Ontario. The Company's main focus is the exploration and development of its prospective mineral properties of the Golden Bear Project in the Larder Lake Mining Division, northeastern Ontario. Led by an experienced management team, Northern Gold has a portfolio of advanced exploration projects, including the Jonpol and Garrcon Deposits and the newly acquired Buffonta Property. The recent property acquisitions including the Harker-Holloway Property and amalgamation with Victory Gold Mines Inc. add to the Company's regional consolidation strategy along the Destor-Porcupine Fault Zone.

CAUTIONARY STATEMENT: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Northern Gold's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in Northern Gold's public documents filed on SEDAR. Although Northern Gold believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Northern Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

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