Northland Resources Retracts Results of Preliminary Economic Assessment

* Reuters is not responsible for the content in this press release.

Thu Jun 19, 2008 3:03am EDT 

  VANCOUVER, BRITISH COLUMBIA, Jun 19 (MARKET WIRE) -- 
Northland Resources (TSX: NAU)(FRANKFURT: NBS)(OSLO: NAUR) - 

    While preparing to respond to investor feedback regarding the recently
published Preliminary Economic Assessment (PEA) on its iron ore projects,
the Company discovered an error in the financial model developed by its
consulting engineers which may affect the revenue calculations in the
PEA. The effects of the error on the conclusions of the study have not
been fully determined.

    The consulting engineers are presently reviewing and revising the model
and when that has been completed a revised report will be published.
Investors should therefore not rely on the results of the PEA published
in Northland's press release dated June 17, 2008.

    In light of this issue, the company has also cancelled the teleconference
scheduled for 9am Pacific Time, 6pm Oslo Time and 5pm London, UK time to
discuss the PEA. The call will be rescheduled after the revised report
has been published.

    ON BEHALF OF THE BOARD

    Ralph Rushton

    NORTHLAND RESOURCES INC.


 
 The Toronto Stock Exchange has neither
approved nor disapproved the contents of this news release.

Contacts:
Northland Resources Inc.
Buck Morrow
President
(303) 663-7829

Northland Resources Inc.- North America
Ralph Rushton
Toll Free: 1-866-719-8962

Northland Resources Inc.- Europe
Jonas Lundstrom
+46 70 54 93 322
Website: www.northlandresourcesinc.com

Copyright 2008, Market Wire, All rights reserved.

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