HudBay to Purchase 9.9% of Northern Shield
Ottawa (January 31, 2012) – Northern Shield Resources Inc. (“Northern Shield”) [TSX-V: NRN] is pleased to announce that it has entered into a subscription agreement with HudBay Minerals Inc. (TSX: HBM)(NYSE: HBM) (“HudBay”) pursuant to which HudBay has agreed to purchase 11,300,000 units of Northern Shield at a price of $0.22/unit for gross proceeds of $2,486,000. The transaction is subject to customary closing conditions, including final approval of the TSX Venture Exchange, and certain post-closing covenants.