Northland announces changes in Board of Directors

Luxembourg, October 17, 2014 – Northland Resources SE (OSE: NAUR, Frankfurt: NPK, Nasdaq OMX/First North: NAURo – together with its subsidiaries “Northland”, “NRSE” or the “Company”) announces that Sissel Danielsen and Leif Salomonsen has resigned from the Board of Directors (the “Board”) of Northland Resources SE.

“Both Sissel Danielsen’s and Leif Salomonsen’s contribution to the board has been very valuable. It’s unfortunate they leaves, but it's natural that the board adjusts in accordance with operations being downsized,” commented Olav Fjell, chairman of the Board.

Based on a mutual understanding, Ms. Danielsen and Mr. Salomonsen has resigned from the Board and Ms. Danielsen further leaves the position as member of the Audit Committee.

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Northland is a producer of iron ore concentrate, with a portfolio of production, development and exploration mines and projects in northern Sweden and Finland. The first construction phase of the Kaunisvaara project is complete and production ramp-up started in November 2012. The Company expects to produce high-grade, high-quality magnetite iron concentrate in Kaunisvaara, Sweden, where the Company expects to exploit two magnetite iron ore deposits, Tapuli and Sahavaara. Northland has entered into off-take contracts with three partners for the entire production from the Kaunisvaara project over the next seven to ten years. The Company has also finalized a Definitive Feasibility Study (“DFS”) for its Hannukainen Iron Oxide Copper Gold (“IOCG”) project in Kolari, northern Finland.

Forward-Looking Information

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