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

Northern Lion Gold Corp.

August 22, 2007 13:19 ET

Northern Lion Terminates SEC Registration

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 22, 2007) - Northern Lion Gold Corp. (TSX VENTURE:NL) (FRANKFURT:N3E) (the "Company") reports that it has filed a Form 15 with the United States Securities and Exchange Commission ("SEC") to terminate its registration with the SEC under Section 12(g) of the Securities and Exchange Act of 1934 ("Exchange Act"), effective July 30, 2007.

The Company first became a registrant with the SEC under Section 13(a) of the Exchange Act in 1996. Since that time, its growth and change in focus of business activity has ceased, for some time, to provide any need for the Company to maintain the registration.

Separately, the Company announces that John R. Fraser, P.Geo. (BC) has resigned as Vice President - Exploration of the Company. He will remain a geological consultant to the Company. The Company expresses its appreciation to Mr. Fraser for his significant contribution to the development of the Company over a number of years. His new role as a consultant will ensure that he continues to be a strong presence on our geological team.

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. It has approximately 31 million shares issued, $5.2 million in cash and a further $5.5 million in marketable securities.

In 2006, the Company was granted the Cercal exploration license from the Portuguese government mining authority to explore for metallic minerals over an area of approximately 240 square kilometres in the prolific Iberian Pyrite Belt of southern Portugal. In August 2006, Geotech Limited ("Geotech") of Aurora, Ontario, completed a 1,350 kilometre, helicopter-borne geophysical survey of the area for the Company using Geotech's advanced, deep-penetrating VTEM (Versatile Time-Domain ElectroMagnetic) system, which includes a high-resolution cesium magnetometer.

Interpretation of this data along with recently acquired gravity data is now complete. A series of high priority exploration targets have been identified and are now ready for drilling.

During the current year, the Company was granted the Moura exploration license from the Portuguese government mining authority to explore for base and precious metals in an area of approximately 374 square kilometers in the Moura-Villa Verde de Ficalho region of southeastern Portugal. A number of zinc-lead and silver occurrences are known within the license. Numerous priority drill targets exist within this license. Final drill hole locations are currently being assessed.

In southern Sweden, the Company holds the Kusa, Oxberg, Skyttgruvan, Skallingsberg, Halstjarn and Karlsgruvan projects in the historic Bergslagen mining district. These properties were acquired in 2006 and data compilation and review and limited soil sampling have been completed on the Bergslagen projects in preparation for field work. The Company also holds a 100% interest in the Nynasberget gold prospect that was recently acquired in the Jamtland region of central Sweden.

NORTHERN LION GOLD CORP.

John Lando, President

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

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