Incentive stock options held by certain directors and officers of Northland Resources Inc. or its subsidiaries, to purchase up to an aggregate of 2,625,000 common shares, have been cancelled, namely:

 

		Remaining	Total Shares Held
Name	Options Cancelled	Options Held	(including close associates)
Arden B. Morrow	425,000	2,115,000	109,100
Simon Ridgway	425,000	1,415,000	1,927,500
William Wagener	400,000	900,000	65,000
Paul Marsden	200,000	500,000	Nil
Aurelian Bukatko	200,000	400,000	Nil
Vladimir Benes	200,000	200,000	Nil
Ralph Rushton	125,000	500,000	40,800
Birger Solberg	125,000	100,000	50,000
Stuart Pettifor	125,000	100,000	Nil
Tuomo Mäkelä	100,000	100,000	Nil
Karl-Axel Waplan	300,000	400,000	14,000