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

Northern Lion Gold Corp.

March 18, 2008 13:33 ET

Northern Lion Drills 7.0 Metres of 5.68 Au g/t at Salgadinho and Intersects 4.44 Metres Grading 8.4% Combined Zinc/Lead at Enfermarias

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 18, 2008) - Northern Lion Gold Corp. (the "Company") (TSX VENTURE:NL)(FRANKFURT:N3E) announces drill results from the initial 500 metres of a planned 8,000 metre drill program. The initial results are from the Salgadinho deposit on the Company's 95% owned Cercal license and from the Enfermarias deposit on its 100% owned Moura license, both located in southern Portugal. The Company currently has three drills turning in Portugal.

Salgadinho, Cercal License

The Salgadinho deposit consists of stockwork type (disseminated) chalcopyrite+pyrite, hosted by an intensely hydrothermally-altered acid tuff unit. The Salgadinho deposit has been interpreted as a likely feeder zone of submarine volcanogenic origin. To date, no massive sulphide bodies have been located. One explanation for this is that the dense sulphides moved down a submarine volcanic slope from the root or feeder zone after deposition and may be located nearby.

Two previous operators have calculated resource estimates for this deposit. The estimates are not compliant with National Instrument 43-101 ("NI 43-101") and readers are cautioned not to rely on them. In 1983, Portuguese Governmental department DGGM (Direccao-Geral de Geologia e Minas) reported an estimate of 1.3 million tonnes grading 0.90% copper, 9.48 grams per tonne ("g/t") silver and 0.73g/t gold, and in 1993 EMSCL (Empresa Mineira Da Serra Do Cercal Lda, a subsidiary of a Canadian based resource company, Laurasia Resources Ltd.) reported an in-situ geological resource estimate for the Salgadinho deposit of approximately 2.0 million tonnes grading 0.54% copper plus an undetermined amount of gold and silver mineralization. Historical sampling of the drill core for gold was not continuous and appears to have been conducted only when chalcopyrite was visible, therefore potentially significant intervals have been left unsampled. Any gold occurrences elsewhere in the sulphide bearing stratigraphy would have gone untested. Highly significant gold values up to 16.2 g/t over 0.55 metres have been reported within the Salgadinho deposit. The detection limit on gold at the time of sampling was 0.5 g/t which may affect the lower grade sections. Based on this incomplete data, Northern Lion continues to evaluate the gold potential of the Salgadinho deposit. The results from the two initial holes are as follows:



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Drill hole From (m) To (m) Width (m) Au (g/t) Cu (%)
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SAL-01 84.15 86.85 2.7 0.21 1.91
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SAL-02 145.05 152.05 7.0 5.68 0.28
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Diamond drilling continues on the Salgadinho deposit, where the next hole is a 100 metre step out from hole SAL-02, with the objective of tracing the gold horizon down dip. A fourth and fifth hole is planned to test the idea of a possible submarine downslope movement of a massive sulphide body and to test the deposit along strike.

Drilling also continues on Target Zone 2 (TZ2) and has not yet reached target depth. The target is a typical Iberian Pyrite Belt (IPB) volcanogenic massive sulfide (VMS) system. This current hole is one of three holes planned to test a series of coincidental geophysical and geochemical anomalies.

Enfermarias, Moura License

The Company recently tested the Enfermarias deposit, where in the 1980s, the Portuguese government exploration authority drilled 13 holes on 200 metre centres, with 11 of the 13 holes intersecting mineralization. The deposit is open for expansion and further delineation. To date the Company has drilled a total of four holes within the Enfermarias prospect. Results from the initial diamond drill hole are listed below and show multiple mineralized horizons:



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From To Interval Zn Pb Ag Cu
Drill hole (m) (m) (m) (%) (%) (g/t) (%)
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EN-16 81.47 105.60 24.13 0.71 0.22 1.54 0.02
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including 93.30 95.35 2.05 1.48 0.29 1.38 0.01
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118.60 123.50 4.90 1.67 0.50 3.75 0.00
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178.46 182.90 4.44 5.85 2.59 35.25 0.06
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including 178.93 180.52 2.06 11.90 5.32 69.14 0.12
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192.63 194.63 3.00 2.19 0.98 9.67 0.01
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including 193.63 194.63 1.00 4.11 1.79 18.00 0.02
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The 374 square kilometre Moura license is located 180 kilometres east-southeast of Lisbon. The license encompasses two deposits (Enfermarias and Preguica), and 11 known mineral occurrences, within a 25 kilometre lead-zinc-silver belt. The mineralization is strata-bound carbonate hosted and associated with magnetite and hematite.

Drilling is continuing within the Moura license, and has recently tested the Palhais prospect, with results pending. The drill rig is now being moved back to the Preguica deposit where historical drilling and underground development by the Portuguese government and Compagnie Royalle Austrienne des Mines ("Austrienne") outlined a geological estimate of 1.3 million tonnes averaging 7% zinc and 1.5% lead using a 3% zinc cutoff. This estimate is taken from historical records that predate NI 43-101. Although the Company has no reason to doubt the accuracy of the estimate, it is not compliant with the requirements of NI 43-101 and should not be relied upon. The initial holes of the current drilling program are intended to provide the Company with a better understanding of the geological nature of the deposit and verify previous data.

Quality Control and Assurance

The Company's field activities in Portugal are supervised by Henrik Wik, M.Sc. (Geology and Mineralogy), under the direction of Joan McCorquodale, P.Geo. (BC), a consultant to the Company and a "Qualified Person", as defined by National Instrument 43-101 ("NI 43-101").

Drill widths presented above are drill intersection widths and may not represent the true widths of mineralization; the true thickness of mineralization is estimated to be 60% of the core length.

All drill core is transported by Company personnel to a secure logging and sampling facility located proximal to the exploration site. After the core has been logged and sample intervals marked, it is split by means of a diamond saw. One half of the core is then placed in a plastic bag with a waterproof numbered sample tag, which is sealed with a tamper-proof security tie while the balance is retained for future reference. The bagged samples are placed in secured boxes in preparation for transportation by truck to OMAC Laboratories Ltd., Athenry Road, Loughrea, Co. Galway, Ireland. Omac laboratories is accredited to international quality standards through the International Organization for Standardization /International Electrochemical Commission (ISO/IEC) 17025.

The total sample is jaw crushed dry to less than 2 mm, a 500 gram representative sample is obtained using a Riffle splitter and pulverized so that 90% passes 100 micron. Samples are then analyzed for gold and ICP analysis. Forty four element ICP analysis by either Aqua Regia or Multi acid digestion, the gold analytical method employed by Omac, uses a 50-gram sample for Pb-fire assay followed by atomic absorption spectrometry finish. In order to maintain a strict quality-assurance/quality-control program, the Company and the laboratories employ a system of mineralized standards and blanks in each batch of samples.

Joan McCorquodale, P.Geo, a consultant to the Company and a "qualified person" as defined by NI 43-101, is responsible for the 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. It has approximately 31 million shares issued, $4.5 million in cash and a further $4.1 million in marketable securities.

In addition to the Cercal and Moura licenses in Portugal the Company holds a 100% interest in seven projects in the historic Bergslagen mining district of southern Sweden. These properties were acquired in 2006, and data compilation and review and limited soil sampling have been completed in preparation for field work. The Company also holds a 100% interest in the Nynasberget gold prospect located in the Jamtland region of central Sweden.

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, 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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