Northern Shield Options 24% Interest in Wabassi 2800 Meter Drill Program Underway
Ottawa, Ontario (November 13, 2013) – Northern Shield Resources Inc. (“Northern Shield”) [TSXV: NRN] is pleased to announce that it has signed an Option Agreement with Great Lakes Resources LLC (“Great Lakes”), a private US based company, regarding the Wabassi VMS project in northern Ontario. Northern Shield currently owns a 49% interest in the Wabassi Joint Venture. Under the terms of the Option Agreement, Great Lakes can earn a 24% interest in the Wabassi Joint Venture by paying $400,000 to Northern Shield on signing, incurring $1,500,000 in exploration expenditures by December 31st 2014, and paying a further $600,000 to Northern Shield on exercise of the option. On exercising the option, the Wabassi Joint Venture will be jointly held by Discovery Harbour Resource Corp. (51%), Northern Shield (25%) and Great Lakes (24%). Northern Shield will continue as operator.