SOURCE: Northern Explorations Ltd.

March 04, 2009 06:00 ET

Northern Explorations Reports on Receipt of Independent Research Report

SCOTTSDALE, AZ--(Marketwire - March 4, 2009) - Northern Explorations Ltd. (OTCBB: NXPN) ("Northern," "Norex" or the "Company") today is pleased to announce that the Company has been advised that TRI-STATE Capital (TSC) has published a research report on NXPN. This report comes following the news that the Company will acquire a 50% working interest in two additional California gas projects that may represent an in-situ value greater than $50 million. To view the entire independent research report, please click on the attached URL: http://www.otclive.com

Company C.E.O. Mark Schaftlein states, "We are pleased to have an independent research firm review our overall operations and progress of the Company and to provide the resulting research report. In addition, we are continuing to review potential wind energy acquisition opportunities in Texas and Wyoming of which these acquisitions would be structured to generate an additional near-term revenue stream for our Company."

ABOUT NOREX ENERGY (NORTHERN EXPLORATIONS LTD.) (OTCBB: NXPN)

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 of 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.

ON BEHALF OF THE BOARD
Norex Energy (Northern Explorations Ltd.)
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Mark Schaftlein
President & C.E.O.

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

Contact Information

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