Northern Tiger Resources Inc.
TSX VENTURE : NTR

Northern Tiger Resources Inc.

February 19, 2009 16:54 ET

Northern Tiger Announces Closing of Private Placement & Property Acquisition

EDMONTON, ALBERTA--(Marketwire - Feb. 19, 2009) - Northern Tiger Resources Inc. (TSX VENTURE:NTR) ("Northern Tiger" or the "Company") is pleased to announce it has closed its previously announced non-brokered private placement with Coyote Copper Inc., a private company incorporated under the laws of the province of British Columbia ("Coyote Copper"), of 3,824,375 units of Northern Tiger at a price of $0.07 per unit ("Unit") for gross proceeds of $267,706 (the "Private Placement"). Each Unit consisted of one (1) common share ("Common Share") and one (1) warrant ("Warrant"). Each Warrant is exercisable at $0.12 and will expire 24 months from the date of closing. Coyote Copper is a related party to Northern Tiger by virtue of a commonality of certain directors, officers and shareholders.

Subsequent to the Private Placement and pursuant to applicable registration and prospectus exemptions, Coyote Copper transferred the Common Shares and Warrants to its shareholders on a pro rata basis in conjunction with Coyote Copper's pending dissolution.

The Common Shares and Warrants comprising the Units and Common Shares issuable upon exercise of the Warrants are subject to a four (4) month restricted period which expires on June 20, 2009.

In conjunction with the Private Placement, Northern Tiger has signed an agreement with Coyote Copper, among others, to acquire 100% interest in a mineral property in New Mexico, USA for a nominal amount. In connection with the property acquisition and in order to maintain its interest in the property, the Company has assumed certain obligations under a property agreement dated March 6, 2007 as follows: (i) pay US $15,000, and issue 25,000 common shares by October 1, 2009; (ii) pay US $20,000, and issue 25,000 common shares by October 1, 2010; (iii) pay US $25,000 by October 1, 2011; (iv) pay US $75,000 by October 1, 2012; and (v) pay a 0.50% net smelter return royalty, up to a maximum of $750,000, upon commencement of commercial production on the property. The common shares will be issued at a deemed price equal to the closing price of the common shares on the date of issuance. The cash payments and common share issuances will be made to an arm's length party.

Northern Tiger Resources Inc. is a new Canadian-based resource exploration company focused on the rapidly developing Dawson Range gold-copper mining district in the Central Yukon. Through its exploration alliance with Capstone Mining Corp.'s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production.

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements.

Neither 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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