Press Release - March 31, 2006

NORTHERN SHIELD RESOURCES INC.
NRN: TSX-V

NORTHERN SHIELD RESOURCES’ COMMON SHARES COMMENCE TRADING ON THE FRANKFURT STOCK EXCHANGE

Ottawa (March 31, 2006 - TSX:V-NRN) – Northern Shield Resources Inc. ("Northern Shield") is pleased to announce that its common shares will be listed for trading today on the Frankfurt Stock Exchange under the symbol N9S. The German brokerage firm N.M. Fleischhacker AG sponsored the listing of Northern Shield’s common shares and will be the market maker for such shares on the Frankfurt Stock Exchange. With such listing, Northern Shield’s common shares will be dual-listed on the TSX Venture Exchange and the Frankfurt Stock Exchange.

Ian Bliss, Northern Shield’s president, stated: “We are very happy to have our shares listed on the Frankfurt Stock Exchange as it should increase our shareholder base and provide increased access to the European capital markets”.

The Frankfurt Stock Exchange is the world’s third largest exchange, behind the NYSE and NASDAQ. N.M. Fleischhacker is the oldest market-making firm on the Frankfurt Exchange and, in addition to making a market in Northern Shield’s common shares, intends to introduce Northern Shield to interested European investors.

Northern Shield is an innovative, results-driven Canadian company focused on diamond and Platinum Group Element (PGE) exploration in Ontario, Canada. 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.

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

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FORWARD-LOOKING STATEMENTS ADVISORY

This news release contains statements concerning expectations about increases to Northern Shield's shareholder base and access to European capital markets as well as the intent of N.M. Fleischhacker to introduce Northern Shield to European investors. Such statements may constitute forward-looking statements or information under applicable securities legislation and are based on a number of assumptions which may prove to be incorrect. Although Northern Shield believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements because Northern Shield can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISPROVED THE CONTENTS OF THIS PRESS RELEASE

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