Northern Tiger Resources Inc. announced the signing of a Letter of Intent to acquire the 3Ace property located in southeastern Yukon. The property was initially explored by Hudson Bay Exploration in the late 1990's, resulting in the delineation of several large anomalies (up to 400 metres by 400 metres) with gold-in-soil values ranging up to 1,300 ppb. These anomalies are contained within a broader area of anomalous arsenic and gold measuring about two kilometers by two kilometers. Quartz vein swarms and vein stockworks are located within brittle quartz pebble conglomerate units and frequently contain variable amounts of fine to coarse crystalline arsenopyrite and occasional blebs of galena with sphalerite and pyrite. The Letter of Intent contemplates the completion of a Definitive Option Agreement whereby Northern Tiger will acquire an option to earn a 100% interest in the property from Mr. Alex McMillan (the "Vendor"), a long standing Yukon prospector. Under the terms of the proposed agreement, Northern Tiger will be required to make cash payments of $500,000, issue 2,000,000 shares and incur $700,000 in exploration expenditures over a four year period. An annual advance royalty payment of $45,000 will commence on the 5th anniversary of the agreement and continue until the commencement of commercial production. Mr. McMillan will retain a 2% net smelter return interest (NSR) on the property. If a National Instrument 43-101 compliant resource estimate in excess of 500,000 ounces at a grade greater than 5 g/t is defined on the property, the Vendor's NSR will increase to 2.5% and the vendor will receive a bonus payment of $300,000 (in cash or equivalent Northern Tiger shares). If a National Instrument 43-101 compliant resource estimate in excess of 1,000,000 ounces at a grade greater than 5 g/t is defined on the property, the Vendor's NSR will increase to 3.0% and the vendor will receive an additional bonus payment of $300,000 (in cash or equivalent Northern Tiger shares). Each 1% of the NSR can be purchased by Northern Tiger for $2,000,000.

Northern Tiger Resources Inc. announced that surface exploration work in 2009 identified a large copper-molybdenum anomaly that is currently being evaluated as a copper-moly-gold porphyry system. The copper-molybdenum anomaly is contained within a 6 kilometre by 1.5 kilometre corridor of anomalous gold geochemistry hosting several high priority gold prospects. The copper-molybdenum anomaly covers a 2 by 1-kilometre area. Copper values in soil range from trace to 1,870 ppm (443 samples with an average grade of 145 ppm) and molybdenum values in soil range from trace to 231 ppm (443 samples with an average grade of 11 ppm).

Northern Tiger Resources Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended October 31, 2009. For the quarter, the company reported loss before income tax of CAD 92,548 and net loss and comprehensive loss of CAD 64,242 or CAD 0.001 per basic and diluted share compared to loss before income tax and net loss and comprehensive loss of CAD 99,546 or CAD 0.004 per basic and diluted share for the same period a year ago. Net cash used in operating activities was CAD 141,046 compared to CAD 109,941 reported a year ago. The company reported acquisition and exploration of mineral properties of CAD 754,333 compared to CAD 580,192 reported a year ago. For the nine months, the company reported loss before income tax of CAD 304,595 and net loss and comprehensive loss of CAD 40,766 or CAD 0.001 per basic and diluted share compared to loss before income tax and net loss and comprehensive loss of CAD 518,694 or CAD 0.029 per basic and diluted share for the same period a year ago. Net cash used in operating activities was CAD 366,853 compared to CAD 221,945 reported a year ago. The company reported acquisition and exploration of mineral properties of CAD 1,455,841 compared to CAD 1,533,919 reported a year ago.