Northland Resources Inc.
TSX VENTURE : NAU

Northland Resources Inc.

October 04, 2005 15:00 ET

Northland Resources to Raise $2.2 Million

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 4, 2005) - Mr. Buck Morrow, the President of Northland Resources Inc. (TSX VENTURE:NAU), is pleased to announce that the Company has arranged a non-brokered private placement to raise up to $2.2 million by selling up to 4.0 million units at a price of $0.55 per unit. Each unit will consist of one common share and one-half of a warrant, with each whole warrant exercisable into one common share of the Company for one year from the closing date at a price of $0.60. The offering is subject to all necessary regulatory approvals.

The proceeds of the placement will be used to advance the exploration and development of Northland's projects in Finland and Sweden, and for general working capital purposes.

Background

Northland Resources Inc. is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.

ON BEHALF OF THE BOARD

Buck Morrow, President

NORTHLAND RESOURCES INC.


The TSX Venture Exchange has not reviewed and does not take responsibility for the accuracy of this release.

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