Northland Resources - Subsequent Offering Subscribed

 
Vancouver, Canada, August 9, 2007:  Mr. Aurelian Bukatko, the CFO of Northland Resources Inc., is pleased to announce that a total of 39,072 common shares of Northland have been subscribed for at a purchase price of NOK 26.50 per share under its public share offering previously announced on July 13, 2007 (the "Subsequent Offering").  The Company will receive gross proceeds of NOK 1,035,408 (approximately CDN$ 188,548). 
 
The shares to be issued in the Subsequent Offering will have a hold period which restricts trading on the TSX Venture Exchange or otherwise to Canadian residents, for a period of four months and one day following the issuance of the shares which is anticipated to occur on or about August 15, 2007. 
 
Allocation letters will be sent to the subscribers on August 9, 2007.  The payment date for the subscribed shares in the Subsequent Offering is August 10, 2007, and will take place through automatic debit of the bank accounts specified by the subscribers on the subscription forms.  The new shares will be tradable on Oslo Børs on or about August 17, 2007.
 
Pareto Securities ASA acted as the Company's advisor in connection with the previously announced Private Placement and the Subsequent Offering.
 
 
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
"Aurelian Bukatko"
NORTHLAND RESOURCES INC.
 
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
 
 
CONTACT INFORMATION
Northland Resources Inc.
Buck Morrow, President
Ralph Rushton, Investor Relations
Toll Free: 1-866-719-8962
 
 
(NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRE SERVICES)
 
THIS IS NOT AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, ANY SECURITIES. THE DISTRIBUTION OF THIS PRESS RELEASE AND THE OFFER AND SALE OF THE SECURITIES IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW. ANY PERSONS READING THIS PRESS RELEASE SHOULD INFORM THEMSELVES OF AND OBSERVE ANY SUCH RESTRICTIONS.  THIS IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. NO SECURITIES HAVE BEEN REGISTERED UNDER THE U.S SECURITIES ACT TO BE OFFERED FOR SALE IN THE UNITED STATES. SECURITIES MAY NOT BE OFFERED FOR SALE IN THE UNITED STATES ABSENT REGISTRATION UNDER THE U.S. SECURITIES ACT OR AN EXEMPTION FROM REGISTRATION. ANY PUBLIC OFFERING OF SECURITIES TO BE MADE IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS.