Tuesday, January 06, 2009
Northern Continental Announces Closing of Private Placement

News Release 09-01

Northern Continental Resources Inc. ("Northern Continental") has closed a non-brokered private placement of $305,500 through the sale of 3,055,000 units at $0.10 per unit. Each unit consisted of one flow-through common share and one half of a non flow-through share purchase warrant, with each full warrant entitling the holder to purchase one additional common share at a price of $0.15 cents until January 6, 2011.

In connection with the closing of this private placement, Northern Continental has issued finder's fees in the amount of $16,485 in cash and 21,000 finders' units, each consisting of one non flow-through common share and one half of one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.15 cents until January 6, 2011.

All of the securities issued in connection with the closing of this private placement, including the securities issued in payment of finders' fees, are subject to a hold period in Canada until May 7, 2009.

The proceeds of the private placement will be used to finance Northern Continental's share of a planned 2009 winter exploration program at the Russell Lake Uranium Project ("Russell Lake") in the Athabasca Basin area of northern Saskatchewan, Canada. Russell Lake is a joint venture between Northern Continental and Hathor Exploration Ltd. ("Hathor"), with Northern Continental holding a 60% interest and Hathor holding a 40% interest.

For further information on Northern Continental, visit our website at www.northerncontinental.ca

NORTHERN CONTINENTAL RESOURCES INC.

Warren Stanyer

Warren Stanyer, President & CEO

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Forward Looking Statements

This news release contains "forward-looking statements" that are based on Northern Continental's current expectations, estimates, forecasts and projections. These forward-looking statements include statements regarding Northern Continental's outlook for our future operations, plans and timing for the commencement or advancement of exploration activities on our properties, and other expectations, intention and plans that are not historical fact. The words "estimates", "projects", "expects", "intends", "believes", "plans", or their negatives or other comparable words and phrases are intended to identify forward-looking statements. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Many of these factors are beyond the control of Northern Continental. Consequently, all forward-looking statements made in this news release are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated by Northern Continental will be realized. For the reasons set forth above, investors should not place undue reliance on such forward-looking statements. Northern Continental disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

You can also view this News Release on our website at:
http://www.northerncontinental.ca/s/NewsReleases.asp?ReportID=333413