Press Release - April 6, 2006
NORTHERN SHIELD RESOURCES INC. NRN: TSX-V
NORTHERN SHIELD ENTERS INTO AN OPTION AGREEMENT WITH TRIGON EXPLORATION CANADA LTD.
Ottawa (March 31, 2006 - TSX:V-NRN) – Northern Shield Resources Inc. ("Northern Shield") is pleased to announce that it has entered into an option agreement with Trigon Exploration Canada Ltd. ("Trigon") [TSX-V: TEL] respecting its Taiga property and any diamonds within its Highbank Lake property and the surrounding area of influence (collectively, the "Highbank Area of Influence"), both situated in northern Ontario. Trigon is a diamond exploration company with properties in Ontario, Nunavut and NWT.
Under the option agreement, Trigon is required to drill two diamond targets by May 30, 2006 and spend $400,000 on the Taiga property and Highbank Area of Influence by April 30, 2008 to earn a 50% interest in the Taiga property and the diamonds within the Highbank Area of Influence. Upon Trigon earning a 50% interest, a joint venture to develop the Taiga property and the diamonds within the Highbank Area of Influence will be formed between Northern Shield and Trigon with Trigon being operator.
Mr. Ian Bliss, President and CEO of Northern Shield, stated: "We are very pleased to be working with Trigon's experienced technical team in the exploration for diamonds at our Taiga property and surrounding area. The option agreement allows Northern Shield to remain focussed on its PGE project with Impala Platinum Holdings Limited at Highbank Lake, while still advancing its diamond prospects in an active area of Northern Ontario.” Results from the recently completed IP (induced polarization) program at Highbank Lake are expected shortly, and will assist in prioritizing PGE drill targets at Highbank Lake.
Northern Shield is an innovative, results-driven Canadian company focused on diamond and 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 Northern Shield's 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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