Northern Lion Gold Corp.

Northern Lion Gold Corp.

February 11, 2011 09:15 ET

Northern Lion Receives Anglesides Permit-Geophysical Survey Underway

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 11, 2011) - Northern Lion Gold Corp. (the "Company" or "Northern Lion") (TSX VENTURE:NL)(FRANKFURT:N3E) wishes to announce the final approval of Anglesides area permit EA4410 within the Republic of Cyprus. This now brings the Company's regional land package to 19 permits covering over 56.36 km2.

The Anglesides permit was applied for on the basis of high grade gold samples encountered (news release September 15, 2010) and 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 occurred in the 1930's by the Cyprus Mines Corporation, when it reportedly extracted 88 long tons of cuprous pyrite grading 5.98% copper. At the same time 1,336 short tons of auriferous ore were extracted grading 24.5 grams per tonne ("g/t") gold and 86.4g/t silver.

A series of gossanous outcrops occur over an area of 150 by 100 metres within a northerly trending gulley. The mineralized outcrops consist of the Lower Pillow Lavas unit which is believed to be proximal to the underlying Basal Group contact.

Drilling by the Geological Survey Department 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 which confirmed these results. Noranda also conducted partial analyses for gold and returned an interval from 7 to 19 metres that assayed 1.44% copper and 4.4g/t gold. No other gold assays, within the available historical data, appear to have been carried out.

Surface sampling has been carried out while awaiting final regulatory approval of the permit, and additional ground has been applied for surrounding the original permit, which will bring the area of the Anglesides project up to 5 km2.

A grid based soil geochemical survey was completed covering an area of 750 by 750 metres centered on the showing. This grid was also used to complete an Induced Polarization ("IP") survey. The results of the soil sampling have been received and grades of up to 8.3g/t gold and 42.6g/t silver have been reported in the soil values. Highly anomalous gold, silver, zinc and copper values are reported over an area of 250 by 150 metres which correlates with the surface rock sampling.

The soil sampling has also indicated a second anomalous area approximately 500 metres to the east, with a north – south extent of 250 metres and which remains open to the east. This area has had no known historical work carried out.

Anglesides has returned the most significant gold values (50g/t) 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.

Geophysical Survey

The IP survey has been completed over the Pitha, St. Nik and Anglesides permits, and is currently underway on the Asproyia and Evoloimeni permits. At Pitha several strong chargeability anomalies were defined, over known and potentially new massive sulphide occurrences. The overall chargeability shows a north-northeasterly trend, with an offset immediately north of the Pitha Pit. This trend conforms with the regional structural patterns visible in the area. On the northern portion of the permit area, the Pitha Terraces, a strong chargeability anomaly occupies an area of approximately 300 by 300 metres and appears to be plunging to the north. Rock sampling in the area of this anomaly has returned up to 10g/t gold from gossans in the Upper Pillow Lavas. Soil sampling within the chargeability high has also returned anomalous copper, zinc and silver values. A second elongate northerly trending chargeability high is located immediately to the south of the Terraces, which is hosted by the Basal Group rocks. This zone may represent a feeder system to the Terraces anomaly.

Inverted IP data from the St. Nik and Anglesides projects is expected shortly.


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.

Separately, the Company has granted incentive stock options to directors and consultants of the Company, to purchase 1,110,000 common shares of the Company. These options are exercisable for a period of five years at a price of $0.30 per common share. The options were granted under and are subject to the terms and conditions of the Plan.

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 one project 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 release.

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