The Court has approved Northland’s request forbankruptcy for the Swedish subsidiaries

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Luxembourg, December 8, 2014 – Northland Resources SE (OSE: NAUR, Frankfurt: NPK, Nasdaq OMX/First North: NAURo – together with its subsidiaries “Northland”, “NRSE” or the “Company”) announces that Luleå District Court (the “Court”) has approved the Company’s request of bankruptcy for the Swedish subsidiaries Northland Sweden AB, Northland Resources AB and Northland Logistics AB.

In accordance with the announcement earlier today, the Company’s Swedish subsidiaries Northland Sweden AB, Northland Resources AB and Northland Logistics AB (the “Swedish Subsidiaries”) has filed for bankruptcy with the Court and as a part of this the Company suggested that advokat Hans Andersson, Advokatbyrån Kaiding, will be appointed as the official receiver for the Swedish Subsidiaries (the “Receiver”).

The Court has now approved the request and advokat Hans Andersson will therefore formally assume control over the Company as the Receiver for the Swedish entities. As a result of this, the group management is relieved from their duties and their positions in Northland Resources SE with immediate effect, this includes the Chief Executive Officer, Johan Balck, the Chief Financial Officer, Johan Dagertun and the Chief Administrative Officer, Tomas Gustafsson.

In accordance with the Company’s previous announcement, the Company together with the administrator of the Reorganization and the Receiver for the Swedish Subsidiaries will host a press conference today at 1.00 p.m. CET at Scandic Hotel, Luleå.

For more information, please call: +46 978 126 60

Or Advokatbyrån Kaiding: +46 10 199 07 50

Email ir@northland.eu or visit our website: www.northland.eu

Northland is a producer of iron ore concentrate, with a portfolio of production, development and exploration mines and projects in northern Sweden and Finland. The first construction phase of the Kaunisvaara project is complete and - production ramp-up started in November 2012. The Company expects to produce high-grade, high-quality magnetite iron concentrate in Kaunisvaara, Sweden, where the Company expects to exploit two magnetite iron ore deposits, Tapuli and Sahavaara. Northland has entered into off-take contracts with three partners for the entire production from the Kaunisvaara project over the next seven to ten years. The Company has also finalized a Definitive Feasibility Study (“DFS”) for its Hannukainen Iron Oxide Copper Gold (“IOCG”) project in Kolari, northern Finland.

Forward-Looking Information

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