Press Release - August 8, 2006

NORTHERN SHIELD RESOURCES INC.
NRN: TSX-V

IMPALA EARNS A 20% INTEREST IN NORTHERN SHIELD’S HIGHBANK LAKE PROPERTY AND NORTHERN SHIELD COMPLETES ITS DRILL PROGRAM AT HIGHBANK LAKE

Ottawa (August 8, 2006 - TSX:V-NRN) – Northern Shield Resources Inc. ("Northern Shield") (TSXV:NRN) announced today that Impala Platinum Holdings Limited (“Impala”) has earned a 20% interest in the PGEs and PGE by-products in Northern Shield’s Highbank Lake property pursuant to the Option Agreement between Northern Shield and Impala by incurring $1 million in exploration expenditures at Highbank Lake within the first year of the Option Agreement. Under the Option Agreement, Impala has the option to earn up to an additional 40% interest in the PGEs and PGE by-products at Highbank Lake by incurring an additional $4 million in exploration expenditures at Highbank Lake (an additional $1.5 million by July 14, 2008 for an additional 25% interest, and an additional $2.5 million by July 14, 2010 for an additional 15% interest). Impala of South Africa is the world’s second largest producer of platinum.

Northern Shield is also pleased to announce that it has completed a diamond drill program at its Highbank Lake property. The Highbank Lake property covers a recently discovered layered intrusion, which is being explored for reef-hosted PGEs and chromium. Ten holes, totalling 2,055 metres, were drilled on the property. Over 300 samples of the drill core have been shipped to ALS Chemex for analysis and results are pending. The drill program was overseen by Christine Vaillancourt and Scott Jobin-Bevans of Caracle Creek International Consulting Inc. (CCIC), both Qualified Persons under National Instrument 43-101.

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 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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