|Toronto Stock Exchange:||NAU|
Luxembourg, June 7, 2011: Northland Resources S.A. (TSX: NAU, OSE: NAUR, Frankfurt: NPK - "Northland" or "the Company") is pleased to announce that the technical review in support of the update of the Definitive Feasibility Study ("DFS") on its Kaunisvaara Iron Concentrate Project has been filed on SEDAR and is now available to download from the Company`s website. On May 18, 2011, Northland announced an update of the positive outcome of the DFS on the Kaunisvaara Project, confirming the logistic solution and a NPV of USD 934 million.
To access a copy of the report, please go to:
Northland is a development-stage mining company with a portfolio of iron ore projects in northern Sweden and Finland. The Company`s Kaunisvaara Project will exploit magnetite iron ore deposits, feeding a single, multi-line processing facility in Sweden. The process yields a very high-grade, high-quality magnetite iron concentrate. The Company is also preparing a Definitive Feasibility Study for the Hannukainen Iron Oxide Copper Gold Project in Kolari, northern Finland.
President & CEO
Northland Resources S.A.
For more information, please contact:
Karl-Axel Waplan, President and CEO: +46 705 104 239
Anders Antonsson, Vice President Investor Relations: +46 709 994 970
Marguerite Manshreck-Head, Investors Relations, Canada: +1 647 224 7882
Or visit our website: www.northland.eu
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Northland Resources S.A. via Thomson Reuters ONE