The Executive Chairman of Northland Resources Inc. (Northland), Mr. Anders Hvide, has been granted 500,000 incentive stock options in Northland, exercisable at a price of CAD 1.39 per share.  After this transaction, Anders Hvide holds 500,000 options in Northland and through his 100% owned investment company, Sargasso Invest AS, holds 1,007,000 shares of Northland.

 

Ralph Rushton has been granted 100,000 incentive stock options in Northland, exercisable at a price of CAD 1.39 per share.  He has sold 22,700 shares in Northland at a price of CAD 1.13.  After these transactions, Ralph Rushton holds 545,000 options and 1,300 shares in Northland.

 

Birger Solberg has been granted 100,000 incentive stock options in Northland, exercisable at a price of CAD 1.39 per share.  After this transaction, Birger Solberg holds 200,000 options and indirectly holds 50,000 shares in Northland.

 

Frode Teigen has been granted 100,000 incentive stock options in Northland, exercisable at a price of CAD 1.39 per share.  After this transaction, Frode Teigen holds 100,000 options and 6,500,000 shares in Northland.