Highbank Drilling to Follow; Geophysics Underway at Highbank

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OTTAWA, Oct. 13 /CNW/ - Northern Shield Resources Inc. ("Northern Shield") (TSX-V: NRN) is
pleased to announce that Layne Christiansen Drilling Ltd have been
contracted for a minimum 3000 meter diamond drill program to be split
between the Max Property and the Highbank Lake property both in the
James Bay Lowlands of northern Ontario.




The drill will be mobilized to the Max property later this month where
two holes totaling approximately 700 meters will be drilled to test a
VTEM anomaly that coincides with a magnetic feature that management
interprets to be a conduit or feeder pipe. The conduit appears to link
a peridotite (ultramafic) body that Northern Shield drilled in 2008
that contained very high background levels of PGEs and nickel and the
Wabassi North gabbro which shows below normal levels of PGEs and
nickel. The target is believed to be akin to Magma Metal's Thunder Bay
North project where significant PGE mineralization is hosted in
conduits that link two larger mafic/ultramafic bodies.




The Max property is currently a 50/50 joint venture between Northern
Shield and Rainy Mountain Royalty Corp (formerly East West Resource
Corp.) with Northern Shield as operator. Rainy Mountain has elected not
to contribute to this drill program at Max and as such Rainy Mountain's
interest will be diluted to 40.8% and Northern Shield's interest
increased to 59.2% assuming $450,000 is spent on the Max drill program.




The Max property is located adjacent to Northern Shield's Wabassi
property where Discovery Harbour Resources Corp. can earn a 51%
interest in Wabassi by funding $3.4 million in exploration expenditures
by March 2012. The two properties cover four lobes of the Wabassi
Intrusive Complex and host numerous quality VTEM conductors as well as
significant Zn-Cu-Ag mineralization at Wabassi.




"This is a target-rich environment," explains Northern Shield President
and CEO, Ian Bliss, "we have a dynamic and active magma system that is
extremely fertile in PGEs and nickel and an abundant source of
sulphides as indicated by the drill results at Wabassi this spring and
the eighteen conductors identified through airborne and ground
geophysics at Wabassi alone."




In January 2011 Northern Shield plans to move the drill to the Highbank
Lake property 60 kilometers to the northeast of Max to complete 5-6
drill-holes totaling 2300 meters. Much of the drilling will focus along
a 17 kilometer stretch of the intrusion known as the Camp Zone where it
is projected the chromite and PGE layers project to surface. No
previous drilling has been undertaken in this area. The IP geophysical
survey which is currently underway will help pin-point the drilling
locations. Drilling in 2007 indicated that drill-holes 07HB-01 and 05
intersected what management believes to be the very top of the
"Critical Sequence" which marks the transition from mafic to ultramafic
rocks. It is just below this transition in the Bushveld Complex in
South Africa that the two main PGE-bearing reefs and the Chromitite are
located.




Previous work by Northern Shield has identified grains of sperrylite
(platinum sulphide) and pentlandite (nickel sulphide) along with
chromite grains and boulders in stream sediment samples immediately
adjacent to the Camp Zone.




Northern Shield currently maintains a 55% interest in the PGEs at
Highbank Lake property (and 100% of all other mineralization) with
Impala Platinum Holdings Limited of South Africa holding the remaining
45% after having spent approximately $4 million on exploration as part
of an incremental earn-in on the PGEs at Highbank Lake. Northern Shield
can earn back a 100% interest in the property by incurring $2.34
million in exploration at Highbank over an indefinite period. Based on
the budget for the planned drill program, Northern Shield can increase
its interest in the PGEs from 55% to approximately 80% on the
completion of the drill program, which is subject to financing.




All exploration programs will be overseen by Christine Vaillancourt,
Chief Geologist for Northern Shield and a Qualified Person under
National Instrument 43-101.