Press Release - November 6th, 2007

NORTHERN SHIELD RESOURCES INC.
NRN: TSX-V

Northern Shield Resources Intersects Critical Zone and Platinum-bearing Zone

Ottawa (November 6, 2007) - Northern Shield Resources Inc. ("Northern Shield") (TSX-V: NRN) is pleased to announce that PGE mineralization was intersected in this summer’s drill program at Highbank Lake.

Drill-hole 07HB-05 intersected 0.53 grams/tonne Pt+Pd over 0.34 meters in association with trace amounts of pyrrhotite, chalcopyrite and pentlandite. Another zone of anomalous platinum (0.124 grams/tonne Pt/1.09 meters) was intersected at the bottom of drill-hole 07HB-01. The other five holes were drilled to provide stratigraphic and contact information and did not intersect any significant PGEs. Preliminary interpretation from these drill-holes reinforces our previous understanding of the geometry of the intrusion (see press release dated October 6, 2006 and website).

The mineralization is located in a sequence of layered rocks that bears resemblance to the Critical Zone in the Bushveld Complex, which contains approximately 75% of the world platinum reserves. These mineralized intervals are very inconspicuous with little to no visible sulphides accompanying the platinum mineralization. After a recent site visit and recommendation by two independent consultants, infill sampling of the geochemically identified “Upper Critical Zone” will commence very shortly. The sampling is to be conducted on large intervals of drill-core that have not yet been sampled and could contain more PGE mineralization.

Although these PGE grades are too low to be economic, the relative location of the PGE-bearing zones within the layered intrusion at Highbank Lake is significant as they occur coincidently with a distinct change in geochemical trends and ratios. Specifically, the trends and ratios measured in core at the bottom of hole 07HB-01 are similar to those found immediately above major PGE-bearing reefs in several mineralized intrusions including the Bushveld Complex (see diagrams posted on Northern Shield’s website for illustrative examples: www.northern-shield.com).

“The geochemical trends, the style and relative location of the mineralization and even the “pot-hole” structures seen on the outcrop are remarkably similar to the Bushveld Complex. The geochemical ratios show that the rocks intersected at the bottom of drill-hole 07HB-01 and the top of -05 are equivalent to the uppermost Critical Zone in the Bushveld, which marks the transition from the mafic dominated portion of the intrusion to the interlayered ultramafic-mafic portion” says world renowned Bushveld and PGE expert Dr. Wolfgang Maier.

Northern Shield is currently staking a vast, newly identified target in its pursuit of reef-hosted PGE and Ni-Cu-(PGE) deposits in the James Bay Lowlands. Details will be announced very shortly when staking is complete.

The Highbank Lake project was supervised by Christine Vaillancourt, Northern Shield's Chief Geologist, who is a Qualified Person 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.


Drill Hole
From
To
Interval
(m)
Pt
(ppm)
Pd
(ppm)
Pt+Pd
(ppm)
Cu
(ppm)
Ni
(ppm)
07HB-05
336.08
336.42
0.34
0.229
0.299
0.528
1155
553
07HB-01
653.74
654.83
1.09
0.124
0.02
0.144
12
158

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, maintains a 45% interest in the PGE and PGE by-products of the Highbank Lake property and has the option of incrementally earning up to a 60% interest in the PGE and PGE by-products of the property by incurring a total of $5 million in exploration expenditures on the property by 2010.

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

Forward-Looking Statements Advisory

This news release contains statements concerning the potential for PGE and other mineralization at Highbank Lake, exploration plans for Highbank Lake, geological and geochemical analyses of Highbank Lake and its similarities to the Bushveld Complex and other expectations, plans, goals, objectives, assumptions, information or statements about future events, conditions, results of exploration 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 and analysis, the ability of Northern Shield to obtain equipment, supplies and qualified personnel necessary to carry on further exploration 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 HAS NEITHER APPROVED NOR DISPROVED THE CONTENTS OF THIS PRESS RELEASE

back to top

close window