Press Release - August 9th, 2007

NORTHERN SHIELD RESOURCES INC.
NRN: TSX-V

Impala earns additional 25% interest in Northern Shield's Highbank Lake Property; Drilling continutes

Ottawa, Ontario (August 9, 2007-TSX:V-NRN) –Northern Shield Resources Inc. ("Northern Shield") (TSXV:NRN) announced today that Impala Platinum Holdings Limited (“Impala”) has increased its interest in the PGEs and PGE by-products in the Highbank Lake property from 20% to 45% pursuant to the Option Agreement between Northern Shield and Impala. The additional 25% interest was earned by incurring an aggregate of $2.5 million in exploration expenditures at Highbank Lake by the third anniversary of the Option Agreement. Under the Option Agreement, Impala has the option to earn up to an additional 15% interest in the PGEs and PGE by-products at Highbank Lake by incurring a further $2.5 million in exploration expenditures at Highbank Lake by July 14, 2010. Impala of South Africa is the world’s second largest producer of platinum.

The 3000 meter drill program at Highbank Lake announced on June 12 is approximately half way through the planned program with three holes completed.

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 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.

Northern Shield is an innovative, results-driven Canadian company focused on PGE exploration. 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

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

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