Northland Resources S.A.

Northland Resources S.A.

April 26, 2012 02:00 ET

Northland Presents the Annual Report of 2011

LUXEMBOURG, LUXEMBOURG--(Marketwire - April 26, 2012) - Northland Resources S.A. (TSX:NAU)(FRANKFURT:NPK)(OSLO:NAUR) ("Northland" or the "Company") will release the Annual Report of 2011 on Thursday April 26, 2012.

The Annual Report of 2011 will be available on the website at 13.00 CET, April 26. The printed Annual Report will be available from the second week of May 2012 and can be ordered via the link below or by calling +46 920 779 00.

In his Letter from the Chairman, Anders Hvide states that "Throughout 2011, we witnessed a series of successes at our Kaunisvaara project in Pajala, northern Sweden. In record time, about a hundred people completed the necessary infrastructure and prepared for the start-up of production in late 2012. What was considered to be almost impossible a few years ago has now become a model for other large-scale industrial projects."

Karl-Axel Waplan, President and CEO, concludes in his Letter from the President that "Besides our expert staff at Northland, we have opted to appoint some of the best known suppliers in each specialist area to assure successful progress. The goal is clear for all of us - ensuring that production starts up at the end of 2012. Then, we will have built one of Europe's most modern iron ore mines in the record time of two years, with deliveries to customers starting in 2013."

Karl-Axel Waplan, President & CEO

Northland Resources S.A

Northland is a development-stage mining company with a portfolio of iron ore projects in northern Sweden and Finland. The Company's Kaunisvaara Project will exploit two magnetite iron ore deposits in Sweden. The process is expected to yield a high-grade, high-quality magnetite iron concentrate. The construction of the Kaunisvaara project is well underway and production is planned to start in the fourth quarter of 2012. Northland has entered into industrial off-take contracts for the entire production from Kaunisvaara. The Company is also preparing a Definitive Feasibility Study for its Hannukainen Iron Oxide Copper Gold Project in Kolari, northern Finland.

Contact Information

  • Northland Resources S.A.
    Karl-Axel Waplan
    President and CEO
    +46 705 104 239

    Northland Resources S.A.
    Anders Antonsson
    Vice President Investor Relations
    +46 709 994 970

    Northland Resources S.A.
    Marguerite Manshreck-Head
    Investor Relations, Canada
    +1 647 224 7882