Northern Precious Metals Management Inc.

Northern Precious Metals Management Inc.

May 27, 2011 17:50 ET

Northern Precious Metals 2006 Limited Partnership Announces Final Capital Distribution

MONTREAL, QUEBEC--(Marketwire - May 27, 2011) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER US WIRE SERVICES

Mr. Jean-Guy Masse, President of Northern Precious Metals 2006 Inc., is pleased to announce that Northern Precious Metals 2006 Limited Partnership (the "Partnership") will distribute the remaining net assets in cash pro rata to limited partners on record May 30, 2011 and payable on June 1st, 2011 as a final distribution of capital.

Limited partners will receive $40.80 cash for each unit of the Partnership held by them. After giving effect to this capital distribution, the Partnership will have no remaining asset.

The Northern Precious Metals Funds provide investors with tax-assisted investments in portfolios of flow-through shares of mining companies.

Caution Regarding Forward-looking Statements

Certain portions of this press release may contain forward-looking statements. Forward-looking statements include statements that are predictive in nature. Any statement that may be made concerning future performance, strategies or prospects and possible future action by the Partnership is also a forward-looking statement.

Forward-looking statements are not guarantees of future performance. Actual events could differ from those expressed or implied in any forward-looking statement made by the Partnership.

We encourage you to consider these factors before making any investment decision and we urge you to avoid placing any undue reliance on forward-looking statements.

Contact Information