Press Release - October 22, 2003

NORTHERN SHIELD RESOURCES INC.
NRN: TSX-V

Northern Shield Resources Acquires additional Ground on Platinum-Palladium Prospect

Increased Activity on the Highbank Lake Property

Ottawa (April 22, 2003) – Northern Shield Resources (NRN: TSX-V) announced today that an additional 447 units (1 unit = 16 hectares) have been staked around its 100% owned Highbank Lake PGE (Platinum Group Element) property in Northern Ontario. This land acquisition almost doubles the original property size from 499 units to 946 units, covering an area of more than 150 sq. km. The Property is located approximately 350 km northwest of Hearst and is being explored for “reef” hosted platinum-palladium mineralization.

The earlier discovery of anomalously high chromite and abundant chromitite fragments in stream sediment samples has prompted increased activity on the Highbank Lake property. (Press Release September 4, 2003). Airborne magnetic, induced polarization and MMI geochemical surveys are currently being completed on the property, and preliminary interpretations are underway. Results are to be released shortly.

As well, exploration continues on Northern Shield’s four Ontario diamond properties.

Northern Shield is a publicly traded Canadian mineral exploration company (NRN:TSX-V) which believes that the key to exploration success and the creation of investor value is found in a combination of ingenuity, technical expertise and efficiency.

If you would like more information about Northern Shield Resources Inc. and its properties, please visit our website at www.northern-shield.com or contact:

Ian Bliss
President
Northern Shield Resources
Suite 1600 – 150 Metcalfe Street
Ottawa, Ontario K2P 1P1
Tel: (613) 232-0459
Fax: (613) 232-0760
e-mail: ibliss@northern-shield.com

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CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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