Press Release - September 22, 2006

NORTHERN SHIELD RESOURCES INC.
NRN: TSX-V

NORTHERN SHIELD COMMENCES SECOND DRILL PROGRAM AT HIGHBANK LAKE

Ottawa (September 22, 2006 - TSX:V-NRN) – Northern Shield Resources Inc. ("Northern Shield") (TSXV:NRN) is pleased to announce that it will be commencing the second phase of its drill program at its Highbank Lake PGE prospect in Northern Ontario within the next few weeks. Based on information gained from the first phase of the drill program completed in early August 2006, the second phase will test certain horizons believed to be the possible sources of the PGE soil anomalies and chromitite boulders discovered by Northern Shield in 2004 and 2005. The program is being funded by Impala Platinum Holdings Limited (‘Impala’) in accordance with the option agreement between Northern Shield and Impala.

Assay results, visual inspections of the drill core, and their subsequent interpretations from the first phase of the drill program made jointly by Northern Shield and Impala, are being used to direct exploration toward what Northern Shield believes to be the possible sources for the PGE-bearing chromitite. The recently completed drill program, which comprised 10 holes for 2000m, represents the first direct collection of bedrock data other than data collected from the single outcrop within the 300 square kilometre property. “Following the first phase of drilling, we have a better understanding of the lithological composition and structure of the layered intrusion and can now focus in on a few key horizons” said Ian Bliss, President and CEO of Northern Shield.

The assay results indicate that the portion of the intrusion tested in the first phase of the drill program is depleted in PGEs, and chrome. In order to form mineralized layers, these metals must first be scavenged (resulting in depletion) from rock higher up in the sequence before being concentrated in reefs or layers lower down. Similar trends are seen in the Bushveld Complex in South Africa and other PGE-bearing layered intrusions where rocks above the mineralized zones show depleted levels of platinum and chrome. A horizon interpreted to be located stratigraphically below this zone of depletion, and lying up-ice from both the chromitite boulders/fragments and the platinum-palladium soil anomalies, has been identified from airborne geophysics. This horizon will be one of the targets of the second phase of the drill program.

A significant vanadium-enriched magnetite layer was intersected in drill-hole 06HB-004. Three samples taken over a 2.2 metre interval average 0.97% V2O5 (vanadium pentoxide). The base of the intersected mineralized zone has not been established as certain assay results are pending. The Bushveld, which produces approximately 80% of the world’s platinum and chromium, also produces over 40% of the world’s vanadium from reefs above its PGE and chrome-bearing layers. The price of vanadium pentoxide (V₂O₅) increased significantly in 2005, primarily due to strong demand from the steel and aerospace industries, and currently trades near $8/lb or $17,000/tonne.

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. Core samples were analysed by ALS Chemex laboratories in Vancouver, B.C. for Au, Pt, Pd by Fire Assay with ICP-AES finish and 27 elements by four acid digestion and ICP-AES.

The Highbank Lake property covers a recently discovered layered intrusion that is being explored for reef-hosted PGEs and chromium. Impala Platinum Holdings Limited of South Africa, the world’s second largest platinum producer, has entered into an option agreement with Northern Shield pursuant to which Impala has the option of earning a 60% interest in the PGEs and PGE by-products of the property by incurring $5 million in exploration expenditures on the property within five years.

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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FORWARD-LOOKING STATEMENTS

This news release contains statements concerning the timing, targets and objectives of phase two of the drill program at Highbank Lake, the sources of PGEs and chromitite at Highbank Lake, potential mineralization and other expectations, plans, goals, objectives, assumptions, information or statements about future events, conditions, results of operations or performance 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 and described in the forward?looking statements or information These risks and uncertainties include but are not limited to geological, geophysical and geochemical interpretation, the ability of Northern Shield to obtain equipment, supplies and qualified personnel necessary to carry on phase two of the drill program at Highbank Lake and the general risks and uncertainties involved in mineral exploration.

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.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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