Northern Hemisphere Development Corp.

Northern Hemisphere Development Corp.

July 01, 2005 10:01 ET

Northern Hemisphere Development Corp.: Stock Options Granted

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 1, 2005) - The Board of Directors of Northern Hemisphere Development Corp. (TSX VENTURE:NHD) (the "Company") wishes to announce that incentive stock options have been granted to directors, officers, employees, and consultants of the Company for the purchase of up to 507,187 common shares of the Company at the exercise price of $0.50 per share, expiring July 1, 2008. These stock options are subject to the stock option plan approved by the Company's shareholders at the last annual general meeting held August 30, 2004.

In addition, the Board of Directors of the Company wishes to announce that the Company entered into an agreement to hire an investor relations consultant at a rate of $2,500 on February 15, 2005. The term of this agreement was three months, and it was not renewed.

On Behalf of the Board of Directors

J. Frank Callaghan, President and CEO

This News Release contains forward-looking statements regarding the timing and content of upcoming programs. Actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Northern Hemisphere Development Corp.
    J. Frank Callaghan
    President and CEO
    (604) 669-6463 or Toll Free: 1-800-663-9688
    (604) 669-3041 (FAX)