Northern Gold Mining Inc.

TSX VENTURE : NGM


Northern Gold Mining Inc.

May 02, 2014 11:00 ET

Northern Gold Files 43-101 Technical Report for its Garrison Gold Project

TORONTO, ONTARIO--(Marketwired - May 2, 2014) - NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or the "Company") is pleased to announce that is has filed on SEDAR a National Instrument 43-101 ("NI 43-101") technical report for its Garrison Gold Project. The report summarizes the Company's exploration activities on its Garrison Gold Project and resource estimates on the Garrcon and Jonpol gold deposits. The NI 43-101 report was independently prepared by ACA Howe International Ltd of Toronto, Ontario. Highlights of the resource estimates are shown below:

NI 43-101 Resource Update for the Garrcon Gold Deposit (0.4/1.5g/t block cut-off)
Measured: 521,000oz; 15,100,000 tonnes @ 1.07g/t
Indicated: 526,000oz; 14,100,000 tonnes @ 1.16g/t
Inferred (pit): 39,000oz; 1,700,000 tonnes @ 0.72g/t
Inferred (underground): 577,000oz; 5,100,000 tonnes @ 3.49g/t
NI 43-101 Resource Update for the Jonpol Gold Deposit (3.0g/t block cut-off)
Indicated: 150,000oz; 872,000 tonnes @ 5.34g/t
Inferred: 192,000oz; 1,073,000 tonnes @ 5.56g/t

Details about the updated resource estimate can be obtained on the Company's website by following the link: http://northerngold.ca/garrison-gold-property/43-101.pdf

The technical aspects of this press release have been reviewed and approved by Michael Gross, M.Sc., P.Geo. the "Qualified Person" as defined by National Instrument 43-101 for the Golden Bear Project.

Quality Assurance/Quality Control

Northern Gold has implemented comprehensive, industry standard quality-assurance, quality-control protocols for diamond drilling, core recovery, handling, sampling, shipping and assaying. Gold assays were completed by SGS Mineral Services through fire assay procedures (FAI323 and FAG303). Details of these best practice principals can be viewed on the Company's website at: http://www.northerngold.ca/QA-QC.php.

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 at the Golden Bear Project in the Larder Lake Mining Division, northeastern Ontario. Northern Gold has a portfolio of advanced exploration projects, including the Jonpol and Garrcon Deposits and the Buffonta Property. Recent transactions, including the amalgamation with Victory Gold Mines Inc. and acquisition of the Lac Minerals Property add to the Company's regional consolidation strategy along the Destor-Porcupine Fault Zone.

CAUTIONARY STATEMENT: Neither the 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking statements are characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. 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 strategic partnership and issuances of securities, and is based on, among other things, the opinions and assumptions of management considered reasonable as of the date of this news release. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required regulatory approvals, changes in equity markets, fluctuations in commodity prices, and other risks involved in the mineral exploration and development industry, including 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.

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