SOURCE: Northern Explorations Ltd.

Northern Explorations Ltd.

February 11, 2009 06:00 ET

Northern Explorations Appoints New President and C.E.O.

SCOTTSDALE, AZ--(Marketwire - February 11, 2009) - Northern Explorations Ltd. (OTCBB: NXPN) ("Northern," "Norex" or the "Company") today is pleased to announce the appointment of Mr. Mark Schaftlein as the President and C.E.O. of the Company.

Mr. Schaftlein has been in the consulting and financial services business for the past 20 years. Since July 2000, Mr. Schaftlein has been the Chief Executive Officer of Capital Consulting Inc., a financial consulting and advisory firm and a Consultant with Ocean Avenue Advisors, LLC and IW Miller Group Inc. He served as President and Chief Executive Officer of Westmark Group Holdings Inc., from May 1997 until 2000. Through Ocean Avenue Advisors LLC Mr. Schaftlein provided consulting services to Ortec International.

He served as Chief Financial Officer of Far East Energy Corp., since November 10, 2003. Prior to starting Capital Consulting Inc., and joining Ocean Avenue Advisors, LLC Mr. Schaftlein spent 18 years in financial services and mortgage banking with Citigroup as well as serving in various Executive management positions with various publically traded companies. Mr. Schaftlein is a graduate of Western Kentucky University with a Degree in Business Administration in 1980.

Mr. Schaftlein states that "I am extremely pleased to be undertaking the role of President and C.E.O. of Norex at this time and believe the Company's portfolio of high quality prospects, especially in California, have the potential to bring to production commercially viable 2,000 to 3,000 Mcf per day natural gas wells that could create for Norex a positive cash flow position before the end of the 3rd quarter of 2009."


Norex Energy (Northern Explorations Ltd.) is an energy exploration Company currently developing natural gas assets across North America. The Company has acquired a majority working interest in two natural gas projects located in California which show the potential to contain up to 50 BCF of gas and in Alberta, Canada which has the potential to contain 8 BCF gas with associated plant, pipeline and existing infrastructure.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Norex Energy (Northern Explorations Ltd.)
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David Naylor

To find out more about Norex Energy or Northern Explorations Ltd. (OTCBB: NXPN), visit our website at

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