Press Release - September 29, 2004

NORTHERN SHIELD RESOURCES INC.
NRN: TSX-V

GEOPHYSICS CREW MOBILIZED TO HIGHBANK LAKE PROPERTY;
CORE DRILLING TO FOLLOW TO TEST 22 KM LONG PLATINUM-PALLADIUM ANOMALY

Ottawa (September 29, 2004) - Northern Shield Resources Inc. [TSX-V: NRN] has mobilized a geophysical crew to its 100% owned Highbank Lake Property to follow-up on the positive results from the soil sample survey released last week. (September 21, 2004). An Induced Polarization survey (IP) will be conducted along one of the soil sample profiles with the aim of detecting conductors that coincide with the Platinum-Palladium (Pt-Pd) soil anomalies. The geophysical survey will be followed by a four-hole drill program to test three “reef-style” platinum-palladium anomalies and, a nickel-platinum-palladium anomaly at the contact of the intrusive body.

The Highbank Lake Property is being explored for reef-hosted platinum-palladium mineralization. Northern Shield confirmed the discovery of an unknown layered intrusion earlier this season that covers an approximate area of 450-500 sq km. Layered intrusion are highly sought after for their potential to contain Pt-Pd mineralization hosted in layers or “reefs” within the intrusion. These reefs are typically thin but extensive. Since there is very little rock exposed within the project area, soil sample surveys are being used to delineate zones of Pt-Pd enrichment in the underlying bedrock. The most significant Pt-Pd anomaly (HB1 Zone) can be traced for 22 kilometers and is the focus of the geophysical survey and subsequent drill program. The other targets will include the Lower Zone, which is believed to parallel the HB1 Zone and, the Contact Zone where very high nickel and cobalt concentrations were identified in soil samples along with elevated Pt and Pd.

“We feel that the Highbank Lake discovery, with its similarity to the Bushveld Complex in South Africa, is one of the best new targets in Canada for reef-hosted platinum group metal mineralization,” said Mr Ian Bliss, President of Northern Shield Resources.

Northern Shield is an innovative, results-driven Canadian company focused on diamond and Platinum Group Element (PGE) exploration in Ontario. Its mission is to create a successful mineral exploration company through technical excellence and efficient management, where success is measured by the identification and development of high-quality mineral exploration projects, which may ultimately be optioned, sold or developed for maximum return on investment. For further information on Northern Shield and its properties, please visit our website at www.northern-shield.com or contact:

For further information please contact:

Northern Shield Resources Inc.
Ian Bliss
President and CEO
Tel.: (613) 232-0459
Fax: (613) 232-0760
info@northern-shield.com

Renmark Financial Communications Inc.
Tina Cameron : tcameron@renmarkfinancial.com
John Boidman : jboidman@renmarkfinancial.com
Media, Cynthia Lane: clane@renmarkfinancial.com
Tel.: (514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com

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CAUTIONARY STATEMENT

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain “forward-looking statements”. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Northern Shield, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Northern Shield’s expectations are exploration risks detailed herein and from time to time in the filings made by Northern Shield with securities regulations.

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