Press Release - May 16, 2007

NORTHERN SHIELD RESOURCES INC.
NRN: TSX-V

SPROTT ASSET MANAGEMENT AND OTHERS EXERCISE WARRANTS

Ottawa (April 25, 2007 - TSX:V-NRN) – Northern Shield Resources Inc. ("Northern Shield") (TSX-V: NRN) is pleased to announce that a total of 5,158,571 warrants, have been exercised at a price of $0.25 per share netting proceeds of $1,289,643. The majority of these warrants were exercised by Sprott Asset Management Inc (S.A.M.) bringing the total number of common shares that S.A.M. exercises control or direction to over 19% of the outstanding common shares of Northern Shield.

“We are very pleased to have the continuing support of one of Canada’s pre-eminent investment groups as we plan the summer exploration program at Highbank Lake”, said Ian Bliss, Northern Shield Resources’ CEO.

Northern Shield is an innovative, results-driven Canadian company focused on PGE (platinum group elements) in Canada. 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

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISPROVED THE CONTENTS OF THIS PRESS RELEASE

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