Northern Shield Completes Séquoi Drill Program; Assays Pending

Northern Shield Completes Séquoi Drill Program; Assays Pending

 Ottawa, Ontario (December 22, 2016) - Northern Shield Resources Inc. ("Northern Shield" or the "Company") [TSXV: NRN] is pleased to announce that its six hole drill program at Séquoi has been completed. All drill-holes tested different geophysical targets.

South32 Confirm Continued Funding of Huckleberry OptioN

South32 Confirm Continued Funding of Huckleberry Option

Ottawa, Ontario (December 5, 2016) - Northern Shield Resources Inc. ("Northern Shield" or the "Company") [TSXV: NRN] is pleased to announce South32 has confirmed its commitment to fund at least $C1.3 million of exploration expenditures at Huckleberry in 2017 in accordance with the Option and Joint Venture Agreement signed between the two parties in 2016.

Northern Shield Closes Private Placement

Northern Shield Closes Private Placement

Ottawa, Ontario (November 29, 2016) - Northern Shield Resources Inc. ("Northern Shield" or the "Company") [TSXV: NRN] is pleased to announce that it has completed a non-brokered private placement financing (the "Offering") of 6,454,600 common shares on a flow-through basis ("Flow-Through Shares") within the meaning of the Income Tax Act (Canada) at a price of $0.17 per Flow-Through Share for aggregate gross proceeds of approximately $1,097,282.

Northern Shield Mobilizes Drill to Séquoi

Northern Shield Mobilizes Drill to Séquoi

Ottawa, Ontario (November 22, 2016) - Northern Shield Resources Inc. ("Northern Shield" or the "Company") [TSX-V: NRN] is pleased to announce that a drill crew is being mobilized to the Company’s 100% owned Séquoi property in the Labrador Trough, northern Quebec.

Northern Shield Announces Proposed Private Placement

Northern Shield Announces Proposed Private Placement

Ottawa, Ontario (November 16, 2016) - Northern Shield Resources Inc. ("Northern Shield" or the "Company") [TSXV: NRN] is pleased to announce that it intends to complete a non-brokered private placement financing (the "Offering") of 5,883,000 common shares on a flow-through basis ("Flow-Through Shares") within the meaning of the Income Tax Act (Canada) at a price of $0.17 per Flow-Through Share for aggregate gross proceeds of approximately $1,000,110.

Northern Shield Intersects Extensive Copper-(Nickel-PGE) Mineralization at Huckleberry with Follow-up Drilling Being Planned; Prepares to Drill Séquoi.

Northern Shield Intersects Extensive Copper-(Nickel-PGE) Mineralization at Huckleberry with Follow-up Drilling Being Planned; Prepares to Drill Séquoi.

Ottawa, Ontario (November 8, 2016) - Northern Shield Resources Inc. ("Northern Shield" or the "Company") [TSX-V: NRN] is pleased to provide results from the drilling program at Huckleberry. The Huckleberry program was executed under the terms of the Option Agreement with South32, announced on June 7, 2016.

Seven drill-holes, totaling 2,053 metres were completed. Drill-holes 16HK-01, -06, and -07 targeted the peridotite/olivine melagabbronorite unit which hosts the main mineralization in the Western Zone; 16HK-02 targeted the western contact of the Huckleberry Intrusion; 16HK-03 and -04 targeted VTEM anomalies in the Eastern Zone and drill-hole 16HK-05 targeted the central portion of the Huckleberry Intrusion. Drill-hole 16HK-03 was abandoned after 100 metres due to technical difficulties.

Nov_8_PR_Image

All but one of the seven drill-holes intersected disseminated magmatic copper-(nickel-PGE) mineralization with twenty-nine samples assaying greater than 0.3% Cu in association with Ni and PGEs. Select samples are shown in Table 1. Importantly, drill-holes 16HK-01, -06 and -07 all intersected the mineralized peridotite unit interlayered with a glomeroporphyritic gabbronorite (GPG). The mineralization in a sequence of interlayered peridotite and GPG is seen to thicken northward and down-dip from 9 metres in 16HK-01 to 52 metres in 16HK-07, including the interval reported in Table 1. The increase in sulphide content along with other geological features provides a vector to potentially massive sulphide mineralization down-dip and north of this hole. The similarity in geology and associated mineralization of the drill-holes along the Western Zone suggests that the mineralization is continuous for approximately 2 kilometres and still open to the north of 16HK-07, south of 16HK-01, and down-dip to the east.

Core from drill-hole 16HK-07 at 131.3 metres.

Mineralization in drill-holes 16HK-03 and -04 along the Eastern Zone occurs in a xenocrystic gabbronorite with disseminated blebs of pyrrhotite and chalcopyrite over a few metres. Both holes 16HK-03 and -04 have on average 0.36% Cu and 0.1% Ni over 4.0 (61.2 to 65.2 metres) and 4.64 metres (329.66 to 334.31), respectively. The geological sequence and mineralization is very similar in both holes which are 2.4 kilometres apart.

The sedimentary units located below, above and within the Huckleberry Intrusion, consist of argillites, sandstones, and mudstones. Some of the sedimentary intervals are conductive due to the presence of graphitic argillites, pyrite, and pyrrhotite banding. Chlorite and silica alteration was present within various sedimentary intervals. Several quartz-carbonate-chlorite veins and fractures also contained chalcopyrite. Disseminated copper and zinc was noted in nearly all sedimentary units and within the intrusion near the contact. Although the complexity and sulphidic nature of some of the sedimentary rocks present challenges for airborne EM depth penetration and interpretation, they are an excellent sulphur and contaminant source for the formation of Ni-Cu-PGE massive sulphides in the Huckleberry Intrusion.

Northern Shield President & CEO Ian Bliss commented, “The intersection of modest to significant mineralization in all but one drill-hole, highlights the extensive nature of the mineralization at Huckleberry. These first holes were always planned as ‘scout’ holes, and the assay results, geochemical ratios and core observation provide distinct and encouraging vector information with follow up drilling and ground geophysics being planned for next season.”

Preparations for a drill program at Séquoi later this month are underway. An update on this program and highlights from a pilot-scale till and boulder sampling program will follow shortly.

Table 1. Select assays from the Huckleberry Project.

Drill Hole

From (m)

To (m)

Interval (m)

Cu (%)

Ni (%)

PGE+Au (g/t)

16HK-01

163

172

9

0.34

0.19

0.34

including            
16HK-01

163

164

1

0.55

0.19

0.45

16HK-01

164

165

1

0.54

0.23

0.32

16HK-01

165

166

1

0.28

0.22

0.38

16HK-01

166

167

1

0.17

0.16

0.23

16HK-01

167

168

1

0.19

0.18

0.27

16HK-01

168

169

1

0.40

0.24

0.43

16HK-01

169

170

1

0.42

0.25

0.48

16HK-01

170

171.04

1.04

0.35

0.17

0.32

16HK-01

171.04

172

0.96

0.17

0.09

0.23

           
16HK-06

84

90

6

0.29

0.13

0.40

including            
16HK-06

84

85

1

0.23

0.11

0.33

16HK-06

85

86

1

0.26

0.12

0.37

16HK-06

86

87

1

0.32

0.14

0.36

16HK-06

87

88

1

0.32

0.18

0.49

16HK-06

88

89

1

0.37

0.13

0.53

16HK-06

89

90

1

0.23

0.09

0.33

           
16HK-06

122.22

130.78

8.56

0.26

0.18

0.32

including            
16HK-06

122.22

123.12

0.9

0.32

0.21

0.45

16HK-06

123.12

124.12

1

0.52

0.24

0.37

16HK-06

124.12

125.1

0.98

0.17

0.14

0.23

16HK-06

125.1

125.35

0.25

0.10

0.13

0.24

16HK-06

125.35

126.26

0.91

0.17

0.18

0.31

16HK-06

126.26

127.18

0.92

0.31

0.20

0.36

16HK-06

127.18

128.05

0.87

0.39

0.22

0.46

16HK-06

128.05

128.95

0.9

0.25

0.17

0.33

16HK-06

128.95

129.85

0.9

0.11

0.11

0.23

16HK-06

129.85

130.78

0.93

0.10

0.12

0.16

           
16HK-07

118

133.9

15.9

0.26

0.13

0.28

including            
16HK-07

118

119

1

0.16

0.15

0.27

16HK-07

119

119.45

0.45

0.84

0.19

0.28

16HK-07

119.45

120.15

0.7

0.44

0.21

0.71

16HK-07

120.15

120.8

0.65

0.37

0.17

0.58

16HK-07

120.8

121.4

0.6

0.05

0.02

0.03

16HK-07

121.4

122.4

1

0.20

0.10

0.25

16HK-07

122.4

123.2

0.8

0.13

0.05

0.13

16HK-07

123.2

124

0.8

0.11

0.03

0.10

16HK-07

124

125

1

0.44

0.20

0.42

16HK-07

125

126

1

0.18

0.09

0.32

16HK-07

126

127

1

0.07

0.04

0.07

16HK-07

127

128

1

0.17

0.04

0.12

16HK-07

128

129

1

0.37

0.15

0.35

16HK-07

129

130

1

0.31

0.23

0.36

16HK-07

130

131

1

0.32

0.22

0.36

16HK-07

131

131.9

0.9

0.45

0.25

0.39

16HK-07

131.9

132.9

1

0.13

0.08

0.15

16HK-07

132.9

133.9

1

0.25

0.18

0.30

 

The program at Huckleberry was overseen by Christine Vaillancourt, P. Geo., and a Qualified Person under National Instrument 43-101. Samples were analyzed by ALS Global in Sudbury, Ontario and in Vancouver, BC, for Au, Pt and Pd by Fire Assay with ICP-AES finish and base metals by four acid digestion and ICP-AES.

Northern Shield Resources Inc. is a Canadian-based company focused on exploring for platinum group element (“PGE”) and nickel-copper-PGE deposits. It is known as a leader in grass roots exploration for Ni-Cu-PGEs and the understanding of magmatic systems as it applies to exploration.

Northern Shield Resources Inc.
Ian Bliss
President and CEO
Tel.: (613) 232-0459

Fax: (613) 232-0760
info@northern-shield.com

Forward-Looking Statements Advisory

This news release contains statements concerning the exploration plans, results and potential Cu-Ni-PGE and other mineralization at the Company’s southern Labrador Trough properties, geological, and geometrical analyses of the southern Labrador Trough properties and comparisons of the properties  to known Cu-Ni-PGE deposits, and other expectations, plans, goals, objectives, assumptions, information or statements about future events, conditions, results of exploration or performance that may constitute forward-looking statements or information under applicable securities legislation.  Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.

Although Northern Shield believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward‑looking statements because Northern Shield can give no assurance that such expectations will prove to be correct.  Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward‑looking statements or information. These risks and uncertainties include, but are not limited to, risks associated with geological, geometrical and geophysical interpretation and analysis, the ability of Northern Shield to obtain financing, equipment, supplies and qualified personnel necessary to carry on exploration and the general risks and uncertainties involved in mineral exploration and analysis.

The forward-looking statements or information contained in this news release are made as of the date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward‑looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Northern Shield Completes First Phase of Drilling at Huckleberry; Prepares for Drilling at Séquoi

Northern Shield Completes First Phase of Drilling at Huckleberry; Prepares for Drilling at Séquoi

Ottawa, Ontario (October 5, 2016) - Northern Shield Resources Inc. ("Northern Shield" or the "Company") [TSX-V: NRN] is pleased to announce that the initial drill program has been completed at the Company's Huckleberry property.  Seven holes totaling 2,053 meters were drilled, including one hole abandoned for technical reasons.  A first batch of samples is in process at the analytical lab and the remainder are in transit. The drilling program is being executed under the terms of the option agreement with South32 Limited, announced on June 7, 2016

Northern Shield Mobilizes Drill To Huckleberry

Northern Shield Mobilizes Drill To Huckleberry

Ottawa, Ontario (August 26, 2016) - Northern Shield Resources Inc. ("Northern Shield" or the "Company") [TSX-V: NRN] is pleased to announce that a drill crew has been mobilized to the Huckleberry Ni-Cu-PGE project in northern Quebec. The drilling program is being executed under the terms of the Option Agreement with South32 announced on June 7th, 2016.

Northern Shield Identifies High Quality VTEM Targets at Séquoi

Northern Shield Identifies High Quality VTEM Targets at Séquoi

Ottawa, Ontario (August 8, 2016) - Northern Shield Resources Inc. ("Northern Shield" or the "Company") [TSX-V: NRN] is very pleased to announce the results of the interpretation and modeling of the VTEM survey from the Séquoi Property in the Labrador Trough of Quebec. Séquoi is owned 100% by Northern Shield and is being explored for Noril’sk style Ni-Cu-PGE massive sulphides.

Northern Shield Defines More Copper Mineralization at Huckleberry – Identifies 15 VTEM Conductors of Interest

Northern Shield Defines More Copper Mineralization at Huckleberry - Identifies 15 VTEM Conductors of Interest

Ottawa, Ontario (July 27, 2016) - Northern Shield Resources Inc. ("Northern Shield" or the "Company") [TSX-V: NRN] is very pleased to provide an update on exploration activities on the Company’s Huckleberry property in the Labrador Trough. The programs were executed under the terms of the Option Agreement with South32 announced on June 7th, 2016.The first two phases of sampling and mapping have been completed at Huckleberry along with an airborne VTEM (Versatile Time Domain Electromagnetic) survey. Sixty two of the samples collected during the first phase assayed between 0.3% Cu and 1.5% Cu including 15 greater than 1% Cu. Fifty-one samples assayed between 0.3 and 0.9 g/t PGE+Au. The results continue to highlight the Western Copper Zone as the prime area of interest, while also enhancing our understanding of the mineralization at the Eastern Copper Zone, which is more extensive than first thought. A table of the top 40 samples is provided at the end of the press release.

Interpretation and modelling of the VTEM results are on-going but initial analysis shows 15 VTEM conductors of interest, with modelled conductivity that are within the range of what would be expected for segregated, copper-rich magmatic systems  (>200 Siemens) as well as more typical copper-nickel systems (+4000 Siemens). Of particular interest is a segmented conductor with a combined strike-length of 3.5 km coinciding with the Western Copper Zone, which includes a 900 m long EM (electromagnetic) anomaly of moderate conductivity underlying the Discovery Zone.

Some of these conductors will be tested during a drill program expected to commence in the latter half of August, for which more detail will be provided in due course. VTEM results for Séquoi, Sé2 and Idefix are currently being modelled and interpreted and will be available shortly.

The program at Huckleberry was overseen by Christine Vaillancourt, P. Geo., and a Qualified Person under National Instrument 43-101. Samples were analyzed by ALS Global in Sudbury, Ontario and in Vancouver, BC, for Au, Pt and Pd by Fire Assay with ICP-AES finish and base metals by four acid digestion and ICP-AES.

Northern Shield Resources Inc. is a Canadian-based company focused on exploring for platinum group element (“PGE”) and nickel-copper-PGE deposits. It is known as a leader in grass roots exploration for Ni-Cu-PGEs and the understanding of magmatic systems as it applies to exploration.

Northern Shield Resources Inc.
Ian Bliss
President and CEO
Tel.: (613) 232-0459

Fax: (613) 232-0760
info@northern-shield.com

Forward-Looking Statements Advisory

This news release contains statements concerning the exploration plans, results and potential Cu-Ni-PGE and other mineralization at the Company’s southern Labrador Trough properties, geological, and geometrical analyses of the southern Labrador Trough properties and comparisons of the properties  to known Cu-Ni-PGE deposits, and other expectations, plans, goals, objectives, assumptions, information or statements about future events, conditions, results of exploration or performance that may constitute forward-looking statements or information under applicable securities legislation.  Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.

Although Northern Shield believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward‑looking statements because Northern Shield can give no assurance that such expectations will prove to be correct.  Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward‑looking statements or information. These risks and uncertainties include, but are not limited to, risks associated with geological, geometrical and geophysical interpretation and analysis, the ability of Northern Shield to obtain financing, equipment, supplies and qualified personnel necessary to carry on exploration and the general risks and uncertainties involved in mineral exploration and analysis.

The forward-looking statements or information contained in this news release are made as of the date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward‑looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Select assays results from the grab sampling program at Huckleberry

Sample

Cu (%)

Ni (%)

Pt (g/t)

Pd (g/t)

PGE+Au (g/t)

HK16-0080A

1.52

0.01

0.00

0.00

0.07

HK16-0115A

1.46

0.02

0.04

0.09

0.18

HK16-4064A

1.46

0.02

0.00

0.00

0.12

HK16-0003A

1.42

0.40

0.19

0.57

0.84

HK16-0080C

1.41

0.01

0.00

0.00

0.10

HK16-3047A

1.28

0.34

0.15

0.48

0.70

HK16-3001A

1.28

0.29

0.15

0.49

0.71

HK16-3024A

1.28

0.19

0.11

0.55

0.77

HK16-3003A

1.22

0.11

0.08

0.33

0.45

HK16-0128A

1.19

0.05

0.14

0.64

0.90

HK16-3118A

1.13

0.10

0.15

0.56

0.84

HK16-0080B

1.08

0.00

0.00

0.00

0.32

HK16-4104A

1.05

0.05

0.14

0.58

0.85

HK16-3004A

1.05

0.09

0.08

0.26

0.43

HK16-0001A

1.04

0.11

0.08

0.33

0.48

HK16-2062A

0.93

0.17

0.08

0.36

0.49

HK16-0002A

0.89

0.12

0.08

0.26

0.41

HK16-0036A

0.85

0.28

0.11

0.47

0.63

HK16-0010A

0.84

0.02

0.00

0.00

0.19

HK16-3028A

0.82

0.34

0.13

0.55

0.78

HK16-0129A

0.81

0.23

0.17

0.63

0.87

HK16-3033A

0.80

0.23

0.09

0.39

0.56

HK16-4038A

0.77

0.27

0.12

0.41

0.61

HK16-3002A

0.75

0.31

0.12

0.35

0.52

HK16-0073A

0.73

0.29

0.07

0.47

0.61

HK16-0126A

0.71

0.02

0.14

0.49

0.72

HK16-4034A

0.70

0.08

0.05

0.23

0.34

HK16-3005A

0.70

0.37

0.14

0.62

0.84

HK16-3006A

0.70

0.29

0.12

0.49

0.71

HK16-3104A

0.69

0.12

0.03

0.08

0.13

HK16-3008A

0.67

0.27

0.06

0.39

0.53

HK16-4105A

0.63

0.07

0.02

0.30

0.35

HK16-3013A

0.60

0.32

0.09

0.35

0.49

HK16-0130A

0.59

0.30

0.15

0.67

0.91

HK16-3120A

0.59

0.28

0.08

0.39

0.52

HK16-4129A

0.51

0.15

0.05

0.28

0.37

HK16-3059A

0.51

0.24

0.07

0.27

0.39

HK16-3105A

0.49

0.07

0.03

0.08

0.15

HK16-3032A

0.48

0.25

0.04

0.24

0.32

HK16-4132A

0.48

0.21

0.17

0.52

0.72