Press Release - October 6, 2006

NORTHERN SHIELD RESOURCES INC.
NRN: TSX-V

NORTHERN SHIELD RESOURCES STARTS SECOND DRILL PROGRAM AT HIGHBANK LAKE; CHRISTINE VAILLANCOURT NAMED CHIEF GEOLOGIST

Ottawa (October 6, 2006 - TSX:V-NRN) – Northern Shield Resources Inc. ("Northern Shield") (TSX-V: NRN) is pleased to announce that further drilling will continue at the Company’s Highbank Lake Platinum-Palladium Property in northern Ontario following up on the drill results from the first phase. A diamond drill and field crew have been mobilized to drill 4-5 holes totalling 1250 meters and the program should be completed by the end of October.

The drill program will test certain horizons believed to be the possible sources of the PGE soil anomalies discovered by Northern Shield in 2004 and 2005. One of the target horizons is interpreted to be located stratigraphically below the zone of depletion and vanadium mineralization identified in the first phase of drilling and lies up-ice from both the chromitite boulders/fragments and the platinum-palladium soil anomalies. A second target has been identified through airborne geophysics as a magmatic unconformity. PGE-reefs are known to occur at, or near, the level of such unconformities.

Northern Shield is also pleased to announce the appointment of Christine Vaillancourt as the Company’s Chief Geologist. Prior to joining Northern Shield, Ms. Vaillancourt worked as a consultant with Caracle Creek International Consulting Inc. (CCIC) and, for the Ontario Geological Survey. She has an M.Sc in Earth Sciences and is a registered professional geologist. Her considerable experience and knowledge of layered intrusions and ultramafic rocks will help drive the Company’s platinum-palladium exploration at Highbank Lake and with the generation of new platinum prospects. Ms Vaillancourt, a Qualified Person under National Instrument 43-101, will oversee the drill program at Highbank Lake and Scott Jobin-Bevans of CCIC will remain as Northern Shield’s independent consultant 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 incrementally 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. Impala has already earned a 20% interest in the Highbank Lake project by incurring $1 million of exploration expenditures.

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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