Northland Provides Update on Aesir Mining
Vancouver, Canada, November 6, 2007: Buck Morrow, the President of Northland Resources Inc., announces that Northland's financial advisor, Pareto Securities, is advising that the Company postpone the financing for Aesir Mining ("Aesir") that was announced on October 23, 2007. As a result, the planned spin-off of Aesir as a public company has been temporarily delayed.
Background
Northland Resources Inc. is a well-structured, debt free junior exploration company with a portfolio of high quality iron, gold, and base metal exploration projects in Sweden and Finland.
ON BEHALF OF THE BOARD
"Buck Morrow"
NORTHLAND RESOURCES INC.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
Northland Resources Inc.
Buck Morrow, President
Investor Relations: North America, Ralph Rushton: Toll Free: 1-866-719-8962
Europe, Gabriella Roos: Tel. +44 791 286 9936