Northern Lion Gold Corp.

Northern Lion Gold Corp.

May 14, 2008 13:23 ET

Northern Lion Reports Update on the Drilling Program in Portugal-Enfermarias Drilling Confirms Copper Mineralization at Depth

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2008) - Northern Lion Gold Corp. (the "Company") (TSX VENTURE:NL)(FRANKFURT:N3E)announces an update on its 8,000 metre drill program in southern Portugal. The Company currently has three drills turning on its 95% owned Cercal license and it's 100% owned Moura license. The Company has drilled a total of 5,400 meters to date, and has received results for the initial 1,440 meters.

Cercal License

Iberian Pyrite Belt - Volcanogenic massive sulphide targets

Two holes on Target Zone 2 (TZ2) have now been completed to depths of 554.8m and 501.6m. In both holes a "jasperoid" horizon was intersected and samples from this horizon have been submitted for a petrographical study. A jasper horizon is a common marker horizon for massive sulphide mineralization within the Iberian Pyrite Belt, as it could represent an exhalative event of the mineralizing system. Currently, downhole geophysics data collected from both holes is being modeled. The target is a typical Iberian Pyrite Belt (IPB) volcanogenic massive sulfide (VMS) system. Due to the local planting and harvesting calendar, Target Zone 1 (TZ1) will be drill ready in July.

Salgadinho deposit drilling

Drilling continues on the Salgadinho deposit and the Company is currently drilling the sixth hole. The first two holes (SAL 01 and SAL 02) were reported March 18, 2008. The deposit consists of stockwork type (disseminated) chalcopyrite and pyrite, hosted by an intensely hydrothermally-altered acid tuff unit. The Salgadinho deposit has been interpreted as a likely feeder zone of submarine volcanogenic origin.

Historical sampling of the drill core for gold was not continuous and a detection limit at the time of sampling was 0.5 g/t gold which may affect the lower grade sections. Based on this incomplete data, Northern Lion continues to evaluate the gold potential of the Salgadinho deposit.

Enfermarias, Moura License

The Company recently tested the Enfermarias deposit, where in the 1980's, the Portuguese government exploration authority drilled 13 holes on 200 metre centres, with 11 of the 13 holes intersecting mineralization. The deposit remains open for expansion and further delineation. To date the Company has drilled a total of four holes within the Enfermarias prospect. Results from the first hole (EN16) were reported March 18, 2008 Results from the second and third diamond drill hole of this initial four hole program are listed below:

Drill hole From (m) To (m) Interval (m) Zn (%) Pb (%) Ag (g/t) Cu (%)
EN-17B 307.0 309.4 2.4 2.85 0.35
331.6 333.6 2.0 16.3 1.07
392.1 408.6 16.5 7.7 1.34

EN-19 446 449.1 3.1 20.1 1.39

EN-17B was a twin of a historical hole (SDM-15) drilled by the Portugal government agency. The results obtained by the Company duplicate results reported by the government within a very constrained error margin. EN-19 is located approximately 125 metres to the south of EN-17B. Both are vertical holes and the drill intersection widths may not represent the true widths of mineralization; the true thickness of mineralization is estimated to be 90% of the core length.

Drilling is continuing within the Moura license, and has recently tested the Palhais prospect, with results pending. The drill rig is currently drilling a series of holes at the Preguica deposit. The initial holes drilled at Preguica are currently being sampled and shipped for immediate assay.

Upon completion of drilling at Preguica, the drill will be moved to the Louzerais Prospect to test a soil geochemical and geophysical anomaly that is coincident with extremely high grade silver samples discovered by Rio Tinto in the 1990's.

The 374 square kilometre Moura license is located 180 kilometres eastsoutheast of Lisbon. The license encompasses two deposits (Enfermarias and Preguica), and 11 known mineral occurrences, within a 25 kilometre lead-zinc-silver belt. The mineralization is strata-bound carbonate hosted and associated with magnetite and hematite.

Quality Control and Assurance

The Company's field activities in Portugal are supervised by Henrik Wik, M.Sc. (Geology and Mineralogy), under the direction of Joan McCorquodale, P.Geo. (BC), a consultant to the Company and a "Qualified Person", as defined by National Instrument 43-101 ("NI 43-101").

All drill core is transported by Company personnel to a secure logging and sampling facility located proximal to the exploration site. After the core has been logged and sample intervals marked, it is split by means of a diamond saw. One half of the core is then placed in a plastic bag with a waterproof numbered sample tag, which is sealed with a tamper-proof security tie while the balance is retained for future reference. The bagged samples are placed in secured boxes in preparation for transportation by truck to OMAC Laboratories Ltd., Athenry Road, Loughrea, Co. Galway, Ireland. Omac laboratories is accredited to international quality standards through the International Organization for Standardization /International Electrochemical Commission (ISO/IEC) 17025.

The total sample is jaw crushed dry to less than 2 mm, a 500 gram representative sample is obtained using a Riffle splitter and pulverized so that 90% passes 100 micron. Samples are then analyzed for gold and ICP analysis. Forty four element ICP analysis by either Aqua Regia or Multi acid digestion, the gold analytical method employed by Omac, uses a 50-gram sample for Pb-fire assay followed by atomic absorption spectrometry finish. In order to maintain a strict quality-assurance/quality-control program, the Company and the laboratories employ a system of mineralized standards and blanks in each batch of samples.

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.

In addition to the Cercal and Moura licenses 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.


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.

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

Contact Information