Northern Shield Resources Inc. announced that it will drill six Ni-Cu-PGE targets on its 100% owned Wabassi property in northern Ontario. The 1,300 meter drill program is planned to start early next month. The drilling will test five moderate to very strong VTEM conductors for Ni-Cu-(PGEs) hosted in massive sulphides and a layer within the Wabassi layered intrusion that can be traced on airborne magnetics for 8 kilometers and is being targeted for reef-hosted PGEs and chromite. One cluster of anomalies on the property can be traced intermitten 2000 meters and is open at one end. The EM anomalies correlate with strong magnetic signatures suggesting the presence of pyrrhotite, which is both magnetic and conductive. Pyrrhotite is usually the dominant mineral in Ni-Cu-PGE deposits. The shape and location of this anomaly suggest it may be a feeder conduit into the Wabassi layered intrusion, which was discovered by Northern Shield in 2007. A single drill-hole completed in 2008 intersected primary blebs of pyrrhotite with chalcopyrite (copper) and pentlandite (nickel sulphide) on the edge of the strongest conductor. The drill program will be overseen by Christine Vaillancourt, Chie Geologist for Northern Shield and a Qualified Person under National Instrument 43-101. The drilling will be conducted by Morecore Diamond Drilling Ltd. of Kelowna, British Columbia. Northern Shield is an innovative, results-driven Canadian company on Platinum Group Element (PGE) exploration in Ontario and Quebec. Its mission is to create a successful mineral exploration company through technical excellence and efficient management, where success is measured by the identification and development of high-quality mineral exploration projects, which may ultimately be optioned, sold or developed for maximum return on investment.

Northern Shield Resources Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported loss from operation of CAD 1,420,814, net loss and comprehensive loss of CAD 1,420,814 or CAD 0.02 per basic and diluted share, cash used in operating activities of CAD 541,865, purchase of property, plant and equipment of CAD 297 compared to loss from operation of CAD 272,219, net loss and comprehensive loss of CAD 272,219, cash provided by operating activities of CAD 829,172, purchase of property, plant and equipment of CAD 29,896 over the same period last year. Expenditure on mineral properties was CAD 296,850 against CAD 2,033,919 for the same period a year ago. For the nine months, the company reported revenue of CAD 250,000, loss from operation of CAD 1,841,766, net loss and comprehensive loss of CAD 1,841,766 or CAD 0.03 per basic and diluted share, cash used in operating activities of CAD 424,109, purchase of property, plant and equipment of CAD 1,461 compared to loss from operation of CAD 883,692, net loss and comprehensive loss of CAD 883,692 or CAD 0.02 per basic and diluted per share, cash provided by operating activities of CAD 505,037, purchase of property, plant and equipment of CAD 46,021 over the same period last year. Expenditure on mineral properties was CAD 746,379 against CAD 2,377,051 for the same period a year ago.

Northern Shield Resources Inc. announced that it has commenced a deep overburden sampling program at its 100% owned Faint Hope gold prospect located north of Cochrane, Ontario. A self-propelled auger drill has been mobilized to the property in order to collect till samples from as deep in the overburden as possible, ideally at the bedrock-overburden interface. Previous collected soil samples analyzed by the selective leach method showed elevated gold values over certain portions of the property. The deep overburden sampling is designed to follow up on these results by providing more quantitative results that will be used to direct further exploration and drilling on the Faint Hope property.