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

Northern Lion Gold Corp.

September 15, 2010 12:47 ET

Northern Lion Gold Samples 50.1 g/t Gold on New Cyprus Project Area

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2010) - Northern Lion Gold Corp. (TSX VENTURE:NL)(FRANKFURT:N3E) (the "Company" or "Northern Lion") wishes to announce significant gold values from surface samples on a newly applied for permit within the Republic of Cyprus. The Anglesides project will augment the Company's existing land package of 17 permits covering over 57km2.

Anglesides has returned the most significant gold values obtained to date from the Cyprus exploration programs. These results support the Company's belief that within the Republic of Cyprus there is an under-evaluated gold mineralizing system in addition to the historically known massive sulphide bodies.

The Anglesides project was applied for on the basis of historical information derived from the ongoing evaluation of data acquired from the Geological Survey of Cyprus, and information supplied by the Company's consultants in Cyprus. A small amount of mining was carried out within the property in the 1930's by the Cyprus Mines Corporation, when it reportedly extracted 88 long tonnes of cuprous pyrite grading 5.98% copper. At the same time 1,336 short tonnes of auriferous ore were extracted grading 24.5 g/t gold and 86.4 g/t silver.

A series of gossanous outcrops occur over an area of 150 by 100 metres within a northerly trending gulley. The outcrops consist of the Lower Pillow Lavas unit, and are believed to be proximal to the underlying Basal Group rocks. Pyrite, chalcopyrite and sphalerite mineralization occurs within a silicified stockwork.

Drilling by the Geological Survey of Cyprus in 1970 located immediately east of the main gossans intersected 15.3m of 2.3% copper (gold was not assayed). In 1977 Noranda acquired the project and drilled additional holes and confirmed these results. Noranda also analyzed a portion of this drillhole for gold and returned an interval from 7m to 19m that assayed 1.44% copper and 4.4 g/t gold. No other gold assays within the historical drilling appear to have been carried out.

Drilling by the Geological Survey of Cyprus and Noranda has shown the presence of widespread and locally intense silicification in the Anglesides area. Historical Induced Polarization surveys in this area indicated strong resistivity anomalies on the property some of which are associated with the silicification noted in the drilling.

A series of surface samples, both grabs and chip samples, were collected by Northern Lion representing all known outcrops in the area and the results are presented in the table below.

Length Metres Au g/t Ag g/t Cu % Zn %
1.5m chip sample 3.11 19.2 0.47 0.09
1.5m chip sample 5.85 33.3 0.32 0.2
2.5m chip sample 4.36 18.3 0.61 0.17
15m chip sample 4.02 5.5 0.47 0.27
4m chip sample 11.9 10.9 0.45 0.25
7m chip sample 1.59 1.3 0.4 0.17
10m chip sample 6.56 3.9 0.62 0.13
10m chip sample 4.72 30.9 0.14 0.31
7m chip sample 0.863 1.5 0.15 0.12
2m chip sample 0.176 1.4 0.05 0.15
12m chip sample 3.25 7.4 0.31 0.34
grab 9.6 28.3 0.06 0.01
grab 6.71 26 0.16 0.02
grab 3.69 9.8 0.19 0.15
grab 4.77 13 0.35 0.02
grab 4.28 8.4 0.08 0.02
grab 50.1 44.1 0.35 9.84
grab 0.753 6.4 0.68 0.44
grab 2.58 2.5 4,100 1,325

The first phase of the 2010 exploration program on the Company's Cyprus projects has recently been completed; results from this program are being released as they are compiled. Drill results and all mapping and sampling completed to date will form the basis of 2010/2011 program.

History

The history of mineral exploitation (copper, gold and other metals) on the island of Cyprus dates back to the Bronze Age, approximately 5,000 years ago. The Phoenicians were the first to process copper on the island, followed by the Romans and this activity has continued to the present day. The evidence of this long history of mining is readily observed in the abundant ancient surface and underground workings along with extensive slag heaps. Mineral exploration in the Republic of Cyprus has been at a very low level over the last few decades, and management believes that there is a high probability of additional massive sulphide bodies being present that did not outcrop, as nearly all of the known deposits did.

The metal deposits of Cyprus are dominantly copper-bearing volcanogenic hosted massive sulphide "VHMS" deposits. These deposits are hosted within the pillow lava sequence of the Troodos Ophiolite Complex. The pillow lava sequence is divided into Upper and Lower Pillow Lavas, with the majority of massive sulphide bodies located along the contact between pillow lava sequences, and the remainder between the Lower Pillow Lavas and the Basal Group. All of the Company's applications overlie these important contacts. Gold mineralization associated with the massive sulphide ores has not historically been evaluated.

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 National Instrument 43-101, who 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.

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

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.

Contact Information