Northern Lion Gold Corp.

Northern Lion Gold Corp.

November 16, 2007 12:00 ET

Northern Lion Gold Corp.: Additional Drill Rig Secured to Drill Salgadinho Deposit, Cercal Licence Portugal

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 16, 2007) - Northern Lion Gold Corp. (the "Company") (TSX VENTURE:NL)(FRANKFURT:N3E) announces that it has signed a drill contract with Portugal's Instituto Nacional de Engenharia Tecnologia e Inovacao (INETI) for a drill rig to immediately begin a diamond drilling program on the Salgadinho deposit on the Company's 95% owned Cercal Licence in southwest Portugal.

The 450 metre, three hole drill program is designed to evaluate the gold content of the sulphide deposit. The Salgadinho deposit, which consists of stockwork type copper gold mineralization, was discovered in the 1970s by the Portuguese Government's mineral exploration department, Servico de Fomento Mineiro (SFM), now part of INETI. The deposit was identified as a result of drilling a gravity anomaly with coincident copper and zinc anomalies in soils, a favorable stratigraphic location and hydrothermal alteration patterns.

In 1983, INETI produced a resource estimate of 1.3 million tonnes of 0.90% copper, 0.73 grams per tonne ("g/t") gold and 9.48 g/t silver. This historical estimate predates National Instrument 43-101 ("NI 43-101"), is not compliant with the requirements of NI 43-101, and should not be relied upon.

Historical Work

A total of 12,045 metres in 53 holes have been drilled at Salgadinho, 28 of which intersected stratabound disseminated mineralization. The results of this work indicate that the deposit is open both down-dip and along strike to the southeast. Existing drill core from selected Salgadinho holes has been examined by Company geologists at the INETI core shed near the town of Sao Luis, within the Cercal licence.

The Company's evaluation of the drill core and the existing database indicate that the reported grades and intervals are possibly under-reported for the following reasons:

- The sampling was not continuous, so no exact grade weighted averages can be calculated for the mineralized sections.

- Along core sections with disseminated sulphides, the sampling concentrated mostly on the areas with visible chalcopyrite, therefore missing any gold elsewhere in the sulphide-bearing stratigraphy.

- The gold assays are not reliable as many intervals were reported as "vestigios" (traces), possibly meaning below the detection limit which appears to have been 0.5 g/t. As a consequence, any calculation of average gold grades over mineralized intervals is necessarily flawed.

The best copper values from the Salgadinho drilling data base indicate that peak grades of 3% to 6.5% exist over one metre intervals. As a result of the discontinuous sampling, it is not possible to report accurate copper values over extended intervals.

Gold grades of up to 16 g/t over 0.5 metres have been reported in the assays. Given the high grades and the lack of continuous gold assay data, new drilling on the Salgadinho deposit is required to provide reliable assay data.

Geology and Mineralization

The Salgadinho deposit consists of stockwork-type (disseminated) chalcopyrite + pyrite, hosted by an intensely hydrothermally-altered (sericitised and vein-silicified) acid tuff unit belonging to the Upper Acid Volcanics. The mineralized package ranges from less than 0.5 metres to more than 30 metres in thickness and has been intersected over an area of 1,150 metres (northwest-southeast) by 590 metres (northeast-southwest).

The Salgadinho deposit has been interpreted as a likely feeder zone of submarine volcanogenic origin. To date, no massive sulphide bodies have been identified locally to explain this occurrence.

Additional Drill Program

The drill program on the Salgadinho deposit is in addition to the Company's previously announced 3,000 metre drill program, which is designed to test buried targets within the Cercal licence. RATE Diamantborrning AB of Sweden is expected to commence drilling in the coming weeks. These deeper targets have been generated through an analysis of the results of an airborne, deep-penetrating VTEM (Versatile Time Domain Electromagnetic) survey along with re-modeling of existing gravity data. A total of 15 targets have been chosen and will be drill tested in a priority sequence. The highest priority targets have been picked for their similarities to known large massive sulphide deposits elsewhere in the Iberian Pyrite Belt.

Quality Control and Assurance

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, $5.0 million in cash and a further $5.5 million in marketable securities.

In addition to the Cercal and Moura licences 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, which was acquired in the Jamtland region of central Sweden.


John Lando, President.

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

Contact Information