Press Release - November 14, 2005

NORTHERN SHIELD RESOURCES INC.
NRN: TSX-V

NORTHERN SHIELD COMPLETES PRIVATE PLACEMENT WITH SPROTT ASSET MANAGEMENT

Ottawa (November 14, 2005) - Northern Shield Resources Inc. [TSX-V: NRN] is pleased to announce that it has completed its previously announced non-brokered private placement (the "Private Placement"). 5,357,142 units ("Units") of Northern Shield were issued under the Private Placement at a price of $0.14 per Unit for gross proceeds of $750,000. Sprott Asset Management Inc. purchased $600,000 of the Units in its capacity as portfolio manager. Each Unit consisted of one common share and one warrant. Each warrant entitles the holder thereof to acquire one common share at a price of $0.25 per common share for a period of eighteen months from the issuance of the warrant. The securities issued under the Private Placement and the common shares issuable upon exercise of the warrants cannot be traded before March 9, 2006.

Ian Bliss, President of Northern Shield Resources stated, “We are very pleased to have the support of one of Canada’s pre-eminent investment groups.”

Northern Shield is exploring its Highbank Lake Property with Impala Platinum Holdings Limited. Impala, the world’s second largest producer of platinum can earn a 60% interest in the PGE potential of the property by funding $5 million of mineral exploration expenditures within 5 years. The Highbank Lake Property covers a large layered intrusion that was discovered by Northern Shield in 2004. The layered intrusion extends for over 500 square kilometers putting it amongst the top ten largest layered intrusion in the world. Layered intrusions are highly sought after for their potential to contain “reef- hosted PGE and chromitite deposits. Northern Shield recently reported the discovery of a chromitite bolder from the Property that contained 29% chromium. The chromitite discovery is very significant as not only is chromitite the source of chrome metal but chromite is also an excellent pathfinder mineral for PGEs. The Bushveld Complex (South Africa), the Great Dyke (Zimbabwe) and, the Stillwater Complex (Montana) are all layered intrusion and produce approximately 90% of the world’s PGEs. The PGE mineralization in these complexes is generally hosted within or proximal to chromitite layers.

The Highbank Lake Property covers a recently discovered layered intrusion that is being explored for reef-hosted PGEs (Platinum Group Elements) and chromium. Impala Platinum Ltd of South Africa has the Option of earning a 60% interest in the platinum rights of the Property by incurring $5 million in exploration expenditures within five years.

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

back to top

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.

close window