Northern Shield signs Option and Strategic Alliance Letter of Intent with Impala Platinum Holdings Limited

Ottawa (January 23, 2012) – Northern Shield Resources Inc. ("Northern Shield") (TSX-V: NRN) is pleased to announce that it has signed a letter of intent ("LOI") with Impala Platinum Holdings Limited of South Africa (“Impala”) regarding an option on Northern Shield’s 100% owned Idefix PGE property in Quebec.