SHARE CAPITAL CHANGES

December 30, 2010  Northland Resources S.A. reports that during December 2010, 113,000,000 shares were issued with respect to a new equity issue and 170,000 shares were issued with respect to option exercises.  There are now a total of 224,418,899 shares issued and outstanding.  During December, 700,000 incentive stock options were granted and there are now 10,515,000 incentive stock options outstanding.  The total fully diluted share capital is 234,933,899 shares.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)