Press Release - June 1, 2006

NORTHERN SHIELD RESOURCES INC.
NRN: TSX-V

NORTHERN SHIELD RESOURCES TO START DRILLING PLATINUM-PALLADIUM TARGETS AT HIGHBANK LAKE

Ottawa (June 1, 2006 - TSX:V-NRN) – Northern Shield Resources Inc. ("Northern Shield") iis pleased to announce that a diamond drill and field crew have been mobilized to the Company's Highbank Lake Platinum-Palladium Property in Northern Ontario.

Initially, 2,000 meters of exploratory diamond drilling is planned on the Highbank Lake Property, to be conducted by Cartwright Drilling Company. The planned program, consisting of 6 to 8 drill holes, will test several targets identified from previously reported MMI® soil geochemistry and recently completed high resolution surface geophysical surveys.

Drilling operations will be monitored by Christine Vaillancourt and Scott Jobin-Bevans of Caracle Creek International Consulting Inc. (CCIC), both Qualified Persons under National Instrument 43-101.

The Highbank Lake property covers a recently discovered layered intrusion, which extends for approximately 500 square kilometers, and is being explored for reef-hosted PGE and chromium, and contact-type PGE mineralization. Impala Platinum Holdings Limited of South Africa, the world's second largest platinum producer, entered into an option agreement with Northern Shield pursuant to which Impala has the option of earning a 60% interest in the PGE and PGE by-products of the property by incurring $5 million in exploration expenditures on the property within five years (see Press Release 18/07/05).

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 optimal benefit. 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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FORWARD-LOOKING STATEMENTS

This press release contains statements concerning expectations, conditions or results of operations that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information 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 or information 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 These risks and uncertainties include, but are not limited to, the uncertainties involved in interpreting geophysical, geochemical and other geological data, and other factors. The forward-looking statements or information 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 or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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