Northern Lion Gold Corp.

Northern Lion Gold Corp.

November 30, 2006 14:19 ET

Northern Lion Gold Corp.: Airborne Geophysical Survey Completed on Cercal Project, Portugal

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 30, 2006) - Northern Lion Gold Corp. (the "Company") (TSX VENTURE:NL)(FWB:N3E) provides the following update on exploration at its Cercal Project, located in southern Portugal within the prolific Iberian Pyrite Belt, approximately 120 kilometers southwest of Lisbon.

In August 2006, the Company completed a 1,350 line kilometer, helicopter-borne geophysical survey of the entire 240 square kilometer project area. The program was carried out by Geotech Limited ("Geotech"), Aurora, Ontario, using Geotech's advanced, deep-penetrating VTEM (Versatile Time-Domain ElectroMagnetic) system which includes a high-resolution cesium magnetometer. Flight lines were oriented northeast-southwest and were spaced 200 metres apart.

Preliminary survey data have been received from Geotech and the Company is now awaiting the final filtered and leveled version which will then be forwarded to Condor Consulting, Inc., of Lakewood, Colorado ("Condor"). Condor is internationally-recognized for its expertise in the interpretation of airborne electromagnetic survey data.

Condor will process and interpret the complex data-set generated by the survey and integrate the results with a large volume of geophysical data obtained by the Company from the Portuguese government. The government data include a large number (+23,000) of gravity survey points, collected on a 100 metre by 100 metre grid.

Targets that are identified will be followed-up immediately by geological investigation in the field, to advance them as quickly as possible to the drill ready stage.

About the Cercal Project

The exploration licence comprising the Cercal Project was granted to the Company's European subsidiary, Northern Lion Gold OY, by the Portuguese mining authority on May 12, 2006. The licence area is well positioned within the highly-metalliferous Iberian Pyrite Belt ("IPB"). The IPB has been mined for over 2000 years and hosts some of the world's richest (Neves Corvo) and largest (Rio Tinto - 335 million tonnes; Aljustrel - in excess of 270 million tonnes) volcanic-hosted massive sulphide deposits.

Quality Control and Quality Assurance

The Company's exploration activities are under the direction of John R. Fraser, P.Geo. (BC), the Company's Vice President of Exploration, and a "Qualified Person", as defined by National Instrument 43-101. Mr. Fraser is responsible for the technical content of this news release.

In addition, the Company has retained Taija Huotari (M.Sc.,-Tech.), a geophysicist with the Geological Survey of Finland, Espoo, Finland, to provide technical oversight for the geophysical survey.

Technical data relating to IPB deposits are taken from published records and are believed to be reliable; however, they have not been independently verified by the Company.

About Northern Lion

Northern Lion is a Canadian mineral exploration company, listed on the TSX Venture Exchange and the Frankfurt Exchange. It owns 100% of the Haveri gold project, a past gold producer in southern Finland, and holds several strategically-located concessions within historical mining camps in Sweden.

The Company is committed to building a strong portfolio of projects within mining-friendly and infrastructure-rich areas of Scandinavia and has commenced exploration of a mineral exploration license over an extensive area of the prolific Iberian Pyrite Belt, in southern Portugal.

The Company is well funded to continue to define and explore its existing projects.


John Lando, President.

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

Contact Information