Northern Lion Gold Corp.

Northern Lion Gold Corp.

September 29, 2010 14:26 ET

Northern Lion Intersects 5.1% Copper Over 4.9 Metres at Pitha, Cyprus

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 29, 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 the Republic of Cyprus.

The Company carried out a diamond drill program on four separate targets during June and July, completing 1,500 metres 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 and compiled for the Pitha and Red Hill Projects as described below.

Pitha Project

The two holes drilled at Pitha returned substantial intervals of mineralization. Within drill hole 10PT02 a high grade massive sulphide zone of 5.1% copper and 0.28 grams per tonne ("g/t") gold was intersected over 4.9 metres. This intersection is part of a larger lower grade mineralized zone of 38.9 metres of 0.78% copper and 0.2 g/t gold. The other drill hole, 10PT01, also intersected a significant interval of 42.3 metres of 0.22% copper, 1.04% zinc and 0.14 g/t gold, including, 4.4 metres of 0.28% copper, 2.71% zinc and 0.38 g/t gold. These zones of mineralization are interpreted to be flat or near flat lying and begin 38 metres downhole.

Exploration programs and development work at Pitha had been carried out prior to the 1974 invasion, which had outlined a sulphide body containing massive and feeder zone mineralization in excess of 500,000 tonnes (reported May 13, 2010). Only copper and zinc assays were available from this historical program; however sampling by Northern Lion in the pit had shown the presence of gold values up to 4.7 g/t. The two holes drilled by Northern Lion were designed to confirm the presence of this body and to provide core samples to better understand the structure and mineralogy of the mineralization. Previous drilling had all been rotary and no chips or detail logs were available.

The highest copper and gold values from the surface samples were collected at the western end of the existing pit, which correlated well with data from previous drilling. Historical hole RH-71 contained the longest copper interval of approximately 40 metres at a grade of 0.75%, and hole RH-86 reported a high grade intersection of 2.5% copper over five metres. The Northern Lion drilling was oriented to confirm these results and to test for associated gold values at depth below the pit sampling.

Hole 10PT01 was oriented at Az 220 and -55 degrees to test the mineralization noted in hole RH-71. This hole intersected a 44 metre thickness of copper, zinc, silver and gold mineralization, starting at 38 metres. Within this interval are several zones of massive to semi massive sulphides, consisting of pyrite, chalcopyrite and sphalerite. The highest zinc grades are located at the top and base of the interval. The top of the interval, from 40 to 51 metres returned 1.75% zinc and at the base of the interval from 76.6 to 81 metres returned 2.71% zinc. Narrow lenses of chalcopyrite rich massive sulphide were encountered near the base of the interval and assayed > 1.3% copper over 2 metres. Gold values while not high are significantly anomalous throughout the entire interval and appear to correlate well with the zinc grades.

A second deeper zone was encountered from 135.5 to 153 metres. This indicates that there could be multiple stratigraphic horizons of massive sulphide associated with the Cyprus style orebodies.

Hole 10PT02, Az 220, -45 dip, was located 55 metres to the southwest on the same section to evaluate the high grade copper interval intersected by hole RH-86. The upper mineralized zone was encountered at 38.1 metres, indicating that the mineralization appears to be flat lying, or with a very shallow dip. Copper, zinc, gold and silver mineralization was encountered to a depth of 93.85 metres. A zone of massive pyrite and chalcopyrite was encountered from 68.85 to 75.4 metres and within this interval from 72.1 to 77 metres assayed 5.1% copper over 4.9 metres.

From the distribution of copper and zinc values in these holes it appears that there were separate mineralizing pulses at work in the Pitha area. The higher grade zinc values are concentrated at the top and base of the mineralized interval, whereas the copper values are dominantly located near the base of the section. Anomalous gold is associated with the zinc values; however not at the levels encountered in the pit sampling. The multi-gram gold mineralization may be related to a later hydrothermal event which has not been recognized to date.

Red Hill

The Red Hill drill program consisted of five holes totaling 673.8 metres to test the gold and copper bearing structure exposed in the open pit, which was mined for gold during the late 1930's. Surface sampling had returned values up to 6.64 g/t gold associated with intensely argillic altered pillow lavas of the Upper Pillow sequence. The highest gold value received from the drill program was 0.6 g/t over 1.5 metres, indicating that the source of the surface gold may not be the northerly trending structure tested. Data review and a geophysical survey will be required to further assess this target.

Two of the five holes tested the copper bearing zone at the south end of the open pit, where a chalcocite bearing zone was intersected in hole 10RH03 from 20 metres to the end of the hole at 48.3 metres. This interval assayed 0.71% copper and 0.12 g/t gold, with a higher grade 12 metre interval from 31 to 43 metres containing 1.19% copper. This chalcocite zone was also encountered in hole 10RH05, 240 metres to the northwest.

Gold in Cyprus

Northern Lion believes Cyprus offers a unique gold and copper exploration opportunity. There has been gold and copper mined within Cyprus over the centuries, however, since the 1974 invasion, this country has not undergone a thorough modern exploration review of the gold potential. Northern Lion is now well established in the country and will continue with a systematic exploration on its existing land package. The geological team continues to evaluate additional regions on the island for both gold and copper potential through further prospecting and historical analysis. The Company will be increasing its focus on the untapped gold potential within Cyprus during this next phase of exploration.

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 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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