Northern Shield Resources Inc. announced the completion of a soil sampling survey over its 100% owned Faint Hope property north of Cochrane, Ontario, which is being explored for Homestake-style gold mineralization. The property, which consists of 6 contiguous claims, covers what is interpreted from airborne geophysics to be an iron-formation intruded by a diorite or granite body that sits in the middle of a prominent, east-west regional fault zone. Northern Shield's property is surrounded to the east and west by claims staked by Lake Shore Gold Corp. The survey, which was completed last month, was cut short due to heavy rains; however, the results show enrichment of gold in the soils overlying the rim of the intrusion in association with elevated arsenic and copper. The samples were analysed by a selective leach method for which relative values are used to determine enrichment, rather than absolute values.

Northern Shield Resources Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss and comprehensive loss of CAD 223,941 or CAD 0.00 per basic and diluted share on sale of mineral property royalty options was CAD 250,000 against net loss and comprehensive loss of CAD 270,714 or CAD 0.01 per diluted share in the same period of last year. Loss from operations was CAD 223,941 against CAD 270,714 in the same period of last year. Net cash provided by operating activities was CAD 114,554 against net cash used in operating activities was CAD 58,947 in the same period of last year. Purchase of property, plant and equipment was CAD 1,164 against CAD 4,524 in the same period of last year. For the six months ended June 30, 2009, the company reported net loss and comprehensive loss of CAD 420,952 or CAD 0.01 per basic and diluted share on sale of mineral property royalty options was CAD 250,000 against net loss and comprehensive loss of CAD 611,473 or CAD 0.01 per diluted share in the same period of last year. Loss from operations was CAD 420,952 against CAD 611,473 in the same period of last year. Net cash provided by operating activities was CAD 27,756 against net cash used in operating activities was CAD 324,134 in the same period of last year. Purchase of property, plant and equipment was CAD 1,164 against CAD 16,126 in the same period of last year.

Northern Shield Resources Inc. announced exploration updates on its Eastbank property located within the western James Bay Lowlands in northern Ontario. The drill program was designed to test the concentric magnetic pattern that underlies much of the Eastbank property. The Highbank Lake and Eastbank properties are being explored for reef-type PGE mineralization and are located up ice from till samples where grains of nickel, copper and platinum minerals as well as numerous boulders of chromitite were previously discovered by Northern Shield.