Northern Tiger Resources Inc.
TSX VENTURE : NTR

Northern Tiger Resources Inc.

June 01, 2009 17:54 ET

Northern Tiger Resources Announces Private Placement Closing

EDMONTON, ALBERTA--(Marketwire - June 1, 2009) - Northern Tiger Resources Inc ("Northern Tiger" or the "Company") (TSX VENTURE:NTR) announces that it has closed a non-brokered private placement of 3,163,000 units ("Units") at a price of $0.08 per Unit and 3,087,000 class "A" common shares issued as "flow-through shares" under the Income Tax Act (Canada) ("FT Share") at a price of $0.08 per FT Share for aggregate gross proceeds of $500,000. Each Unit consisted of one class "A" common share of Northern Tiger ("Common Share") and one transferable share purchase warrant ("Warrant"). Each Warrant entitles the holder to acquire an additional Common Share at a price of $0.12 at any time within 24 months of issuance.

The FT Shares and Units were sold to qualified purchasers in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The proceeds from the sale of FT Shares will be used to incur expenditures which qualify as Canadian Exploration Expenses, and will be primarily used to explore Northern Tiger's Sonora Gulch property in the Yukon. The proceeds from the sale of the Units will be used primarily for general corporate expenses.

The FT Shares, 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 October 2, 2009.

In connection with the private placement and in accordance with regulatory requirements, the Company paid an aggregate of $8,064 cash as Finder's Fees to three arm's length parties. The TSX Venture Exchange has conditionally accepted the private placement and finder's fees.

Northern Tiger Resources Inc. is a 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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