Northern Shield Options Labrador Trough Ni-Cu-PGE Property. Exploration to Commence
Ottawa, Ontario (June 7, 2017) – Northern Shield Resources Inc. (“Northern Shield” or the “Company”) [TSX-V: NRN] is pleased to announce that it has signed a binding option agreement with the Conseil de la Nation Innu de Matimekush-Lac John (CNIMLJ) for three claim blocks, totaling 82 claims, in Quebec (the “Agreement”). Under the terms of the Agreement, which is subject to TSX-V approval, Northern Shield can earn a 100% interest in the claims by reimbursing staking costs and issuing 100,000 shares on signing the agreement, 150,000 shares on the first anniversary of the agreement and a further 200,000 shares on the second anniversary.