Northland Resources Announces Filing of Preliminary Prospectus for Possible Equity Offering

Luxembourg, November 20, 2010: Northland Resources S.A. (TSX: NAU, OSE: NAUR - "Northland" or "the Company") announced that it has filed a preliminary short form prospectus in all provinces of Canada other than Quebec in connection with a contemplated offering of new shares of the Company.  It is expected that an offering will also be made in Europe, the United States and Asia, subject to applicable law.  If completed, the net proceeds of an offering are intended to be used by Northland to fund capital expenditures at the Kaunisvaara Project, for the feasibility study on the Hannukainen Project, for the feasibility study on the Pellivuoma deposit, for exploration expenditures in Sweden and Finland and for working capital and general corporate purposes.  The timing of a launch of an offering, the issue price of the shares and the number of shares to be issued will be determined in the context of the market. 

Pareto Securities AS and SEB Enskilda AS will act as European Lead Managers, and Ocean Equities Ltd. and Ambrian Partners Ltd. will act as European Co-Lead Managers, in connection with the offering to certain investors in Europe, the United States, and Asia The Company has also engaged Haywood Securities Inc. to act as the Company's North American Lead Agent in connection with the offering in Canada and the United States. 

Launch of an offering is conditional upon the necessary corporate resolution, and an offering will be subject to all customary conditions and regulatory approvals, including that of the Toronto Stock Exchange.  

Northland is a development-stage mining company with a portfolio of iron projects in northern Sweden and Finland.  Northland's Kaunisvaara Project contemplates the staged development of 2 magnetite iron ore deposits that would provide feed to a single, multi-line processing facility in Sweden, producing a high-grade, high-quality magnetite iron concentrate.  The results of the Feasibility Study on the Kaunisvaara Project were released September 27, 2010. 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein. Any such solicitation or offer may only be made in accordance with applicable laws. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. 


"Karl-Axel Waplan"
President & CEO
Northland Resources S.A.

For more information, please contact:
Karl-Axel Waplan, President and CEO:  +46 705 104 239
Anders Hvide, Executive Chairman:  +47 92 88 98 58


This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)