Northern Lion Gold Corp.
TSX VENTURE : NL
FRANKFURT : N3E

Northern Lion Gold Corp.

July 07, 2014 13:12 ET

Northern Lion Begins Follow-up Drill Program in Republic of Cyprus with Partner Centerra

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 7, 2014) - Northern Lion Gold Corp. (TSX VENTURE:NL)(FRANKFURT:N3E) (the "Company") has commenced a 1,500 metre diamond drill program with project partner, Centerra Gold (KB) Inc., a subsidiary of Centerra Gold Inc. (collectively "Centerra"). The drill program will follow-up on the 2013 discovery of volcanogenic-hosted-massive-sulphide-(VHMS)-related mineralization at the Mavroyi project area. A series of new, untested target areas have been identified from the Q1 2014 surface exploration program that compiled detailed mapping and reinterpreted all of the geophysical data (reported June 12, 2014). Drilling in 2013 discovered a debris flow of transported VHMS-related material ranging in estimated true thickness from 4.6 metres to 13.01 metres, and returned a drill interval of 14.05 m averaging 2.12 grams per tonne gold, 16.91 g/t silver, 0.54 per cent copper and 3.25 per cent zinc in hole MVDD13-02 (reported January 22, 2014).

Company President and CEO, John Lando, commented: "We have begun another drill program funded by our partner Centerra. Our systematic exploration in Cyprus has delivered us to this point and we are now excited to test several targets that may represent a buried Massive Sulphide body related to our discovery last year at Mavroyi."

Under an option agreement, Centerra has the right to acquire up to 70% interest in several exploration permits located in the Paphos and Larnaca districts. The Company, through its Cypriot subsidiary Katla Exploration Ltd., is the operator.

Quality Control and Assurance

The Company's field activities in the Republic of Cyprus are under the direction of Robert Johnston, PGeo (B.C.), a consultant to the Company and qualified person as defined by National Instrument 43-101. Mr. Johnston is responsible for the technical content of this news release.

About Northern Lion

Northern Lion is committed to building a strong portfolio of projects within mining-friendly and infrastructure-rich areas of Europe. Northern Lion currently has a number of exploration permits in the Republic of Cyprus and is pursuing other opportunities within the region.

NORTHERN LION GOLD CORP.

John Lando, President

This news release includes "forward-looking information", as such term is defined in applicable securities laws. The forward-looking information includes, without limitation, exploration plans of the Company, including the time thereof, the success of exploration activities and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among others, risks and uncertainties relating to exploration and development; risks arising as a result of the Company operating in Cyprus; the ability of the Company to obtain additional financing; including through Centerra funding exploration and development activities pursuant to the option agreement; the Company's limited operating history; the need to comply with environmental and governmental regulations; potential defects in title to the Company's properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and, except as required by law, the Company is under no obligation to update or alter any forward-looking information.

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 NEWS RELEASE.

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