Northern Continental Resources Inc.

Northern Continental Resources Inc.

July 28, 2009 23:20 ET

Northern Continental Cancels Special Meeting on July 30, 2009 and Schedules Meeting of Shareholders to Approve Arrangement With Hathor

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 28, 2009) - Northern Continental Resources Inc. (TSX VENTURE:NCR) ("Northern Continental" or the "Company") announced today that in light of the termination of the Arrangement Agreement between Denison Mines Corp. and Northern Continental, Northern Continental has cancelled the special meeting of Northern Continental shareholders to be held on July 30, 2009.

Pursuant to Northern Continental's acceptance of the superior proposal from Hathor Exploration Limited, offering Northern Continental shareholders 0.1389 of a Hathor common share for each Northern Continental common share (the "Hathor Arrangement"), Northern Continental has scheduled a special meeting of its shareholders for September 25, 2009, at which shareholders will be asked to approve the Hathor Arrangement.

Further details of the Hathor Arrangement will be included in the formal Arrangement Agreement to be entered into between Hathor and Northern Continental and in the Management Information Circular to be filed with the regulatory authorities and mailed to Northern Continental shareholders in accordance with applicable securities laws.


Warren Stanyer, President and CEO

This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding: the Hathor Arrangement and the Special Meeting of Northern Continental Shareholders. These forward-looking statements are made as of the date of this document and Northern Continental does not intend, and does not assume any obligation, to update these forward-looking statements. Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the market for uranium or other minerals that may be produced generally, recent market volatility, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties. The reader is referred to the Company's most recent annual and interim Management's Discussion and Analysis for a more complete discussion of such risk factors and their potential effects, copies of which may be accessed through the Company's page on SEDAR at Although Northern Continental has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

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

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