Northern Lion Gold Corp.

Northern Lion Gold Corp.

September 20, 2010 12:47 ET

Northern Lion Drills 5.1% Copper and 5.7% Zinc over 9 Metres in Cyprus; Portugal Drilling Intersects VHMS Mineralization

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2010) - Northern Lion Gold Corp. (the "Company" or "Northern Lion") (TSX VENTURE:NL)(FRANKFURT:N3E) wishes to provide this update on the 2010 diamond drill program for the Company's exploration projects in Cyprus.

The Company carried out a diamond drill program on four separate targets during June and July, completing 1,500m of drilling in 10 holes. Targets were based on a combination of historical information from the files of the Geological Survey of Cyprus and surface exploration carried out by Northern Lion personnel. Complete results have now been received for two of the targets; Philani and Red Rocks. At Philani historical work had indicated the presence of a massive sulphide body at shallow depth containing high grade copper and zinc values. The Northern Lion drill program was designed to confirm the presence of this body and to provide core samples to better understand the structure and mineralogy of the sulphides. Previous drilling had all been rotary and no detail logs were available.

Mapping and surface sampling located a series of gossanous outcrops following a northwest trending structure along the west edge of the known massive sulphides. Surface rock sampling had returned a high value of 4.4g/t gold from this gossan. Similar gossans are also located to the southeast of the massive sulphides.

Two holes were collared at Philani to test the massive sulphide body and the peripheral gossans as potential feeder zones. Hole 10FL01 was oriented at azimuth 110 and -70 degrees to test the southeast zone. This hole intersected the massive sulphide body at 12.75m to 17m, with an internal void of 1.3m caused by ancient Roman workings. Disseminated and stringer mineralization continues to a depth of 23.5m. This zone assayed a weighted average of 2.22% copper, 0.76% zinc and 0.24g/t gold and 3.86 g/t silver over 10.75m, including 4.25 m from 12.75m to 17m of 5.25% copper, 1.77% zinc, 0.46 g/t gold and 9.3 g/t silver. A second zone of low grade disseminated and semi-massive sulphides was intersected at 47 to 67m, with a third weakly mineralized zone from 127 to 134m.

Hole 10FL02, drilled to the southwest, intersected the massive sulphides from 11 to 20m, with disseminated and stringer mineralization continuing to 36.5m. As in the first hole a 1.0m void due to ancient Roman workings was encountered at 12m. The weighted average for the interval 11m to 36.5m contains 2.04% copper, 2.42% zinc, 0.25g/t gold and 9.58 g/t silver over 25.5m, including 9m from 11m to 20m of 5.12% copper, 5.66% zinc, 0.62 g/t gold and 25.07 g/t silver. A second zone of disseminated and stringer mineralization occurs between 58m and 72m, with sporadic mineralization up to 0.5% copper to the end of the hole at 150m. The table below contains individual assays for each interval:

  From To Width Au Ag    
Hole_ID Metres Metres Metres g/t g/t Cu % Zn %
10FL01 12.75 14.00 1.25 0.30 2.80 1.04 0.47
10FL01 14.00 15.70 1.70 0.93 21.20 12.35 4.07
10FL01 15.70 17.00 1.30 Ancient Roman workings*    
10FL01 17.00 20.00 3.00 0.06 0.40 0.17 0.09
10FL01 20.00 22.00 2.00 0.06 <0.2 0.35 0.04
10FL01 22.00 23.50 1.50 0.23 0.50 0.26 0.21
10FL02 11.00 12.00 1.00 0.70 52.90 6.07 5.91
10FL02 12.00 13.00 1.00 Ancient Roman workings*    
10FL02 13.00 13.50 0.50 1.07 109.00 3.20 3.07
10FL02 13.50 14.50 1.00 3.39 90.00 32.60 22.10
10FL02 14.50 15.50 1.00 0.26 6.30 2.50 5.67
10FL02 15.50 16.50 1.00 0.25 6.40 1.43 6.22
10FL02 16.50 18.00 1.50 0.20 7.00 1.00 3.66
10FL02 18.00 20.00 2.00 0.07 2.50 0.17 2.02
10FL02 20.00 22.00 2.00 0.06 2.60 0.08 0.85
10FL02 22.00 24.70 2.70 0.10 2.10 0.48 0.96
10FL02 24.70 27.00 2.30 0.02 0.30 0.35 0.11
10FL02 27.00 30.40 3.40 0.02 0.80 0.45 0.10
10FL02 30.40 32.00 1.60 0.03 0.30 0.33 0.05
10FL02 32.00 34.00 2.00 0.03 0.70 0.39 0.03
10FL02 34.00 36.50 2.50 0.03 1.00 0.33 2.25
* The internal voids caused by ancient Roman workings are included in the overall thickness, but assigned a zero grade.

Based on the attitude of the enclosing basalt flows, and the orientation of the massive sulphide intercepts in the 2 holes in this area, it appears that the surface gossan which assayed 4.4g/t Au may be the up dip extension of the high grade zone intersected in the drilling. A 1.0m sample from the middle of the massive sulphide zone in 10FL02 assayed 3.4g/t Au 0.5m below the cavity. This has implications for the potential lateral extent of the mineralized horizon downdip to the east, as well as the second deeper zone encountered in both holes.

At Red Rocks a single hole was drilled to test historical information which indicated 40m of 1% copper was intersected along the extension of the northwesterly trending Red Hill – Red Water structure. No significant assays were received from this hole.

Quality Control and Assurance

The Company's field activities in Cyprus are under the direction of Jim Chapman, P.Geo. (BC), consultant to the Company and "qualified person", as defined by NI 43-101, who is responsible for the technical content of this news release.

Moura, Portugal

Northern Lion wishes to announce an update on the ongoing diamond drill program on its' 100% owned Moura License, located in southern Portugal. The 252.5 square kilometre Moura license is located 180 kilometres east-southeast of Lisbon. The license encompasses two historical deposits (Enfermarias and Preguica), and 11 known mineral occurrences, within a 25 kilometre lead-zinc-silver belt.

The third hole at Machados has intersected 12.8 metres of disseminated to semi massive sulphide mineralization from 162 meters to 174.8 meters, hosted within a fine grained volcanic unit. This represents a new discovery of a Volcanogenic Hosted Massive Sulphide (VHMS) style mineralization, which will require further geophysics and drilling. The drill target was selected as a combined magnetic and chargeability anomaly. The chargeability anomaly continues an additional 800 meters to the northwest to the end of the survey. Photographs of the core can be seen on the Companys website; In addition to this 12.8 meter section of mineralization, two other smaller zones were encountered; the first at 57.6 to 58.1 meters and the second at 115.2 to 115.8 meters.

Top priority has been given to expediate the detail data collection of the drill core and the immediate submittal of the samples to the laboratory for analyses.

This year's exploration consisted of an induced polarization (IP) and magnetic geophysical survey, followed by 450 meters of diamond drilling in an area that has undergone very limited exploration. The area was selected based on favourable geology along with copper and zinc geochemical anomalies from a historical regional soil survey.

Machados is located approximately 2 km south of Enfermarias where Northern Lion previously drilled 4 holes in 2008. Results from the 2008 program were reported March 18, and May 14, 2008, and consisted of 16.5 meters of 1.3% copper and 3.1 meters of 1.4% copper.

The Moura lead zinc silver belt has been known historically for its' strata-bound carbonate hosted mineralization. However, recently volcanogenic hosted massive sulphide (VHMS) features have been recognized and it is this VHMS style of mineralization that is associated with this new discovery at Machados and the mineralization at Enfermarias.

Quality Control and Assurance

Joan McCorquodale, P.Geo, a consultant to the Company and a "qualified person" as defined by National Instrument 43-101 ("NI 43-101"), is responsible for the Moura Portugal projects' technical content of this news release.

About Northern Lion

Northern Lion Gold Corp. is a Canadian mineral exploration company, listed on the TSX Venture Exchange and the Frankfurt Exchange. The Company is committed to building a strong portfolio of projects within mining-friendly and infrastructure-rich areas of Europe.

In addition to its exploration permits in Cyprus and 100% interest in its Moura Licence in Portugal, the Company holds a 100% interest in two projects in the historic Bergslagen mining district of southern Sweden.


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, 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; the ability of the Company to obtain additional financing; 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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