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Northland Appoints Stuart Pettifor to the Board of Directors
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Vancouver, Canada, August 9, 2007: Northland Resources Inc. is pleased
to announce the appointment of Mr. Stuart Pettifor to the Company's
Board of Directors. He is a past Director and CEO of Corus Steel, and
has operated steel mills in the UK,
Netherlands, Sweden and USA.
Mr. Pettifor has had a long and distinguished career in the steel
industry. After gaining a 1st Class Honours degree in metallurgy from
Nottingham University in 1970, he joined British Steel (now Corus). In
1990 he was appointed CEO of Seamless Tubes Ltd., a British Steel
business which manufactured 500,000 tonnes per year of seamless tubes.
In 1994 he became Managing Director Section Plates and Commercial
Steels, which was British Steel's largest business with a turnover of
�5.0-billion. In 2001, Mr. Pettifor was appointed to the Board of
Corus Steel with responsibility to restore both the Dutch and UK
operations to profitability. In 2002 he was appointed acting CEO of
Corus Steel. He has since retired from Corus, and now serves as a
director of two other companies.
Buck Morrow, the President of Northland, said: "I am delighted to
welcome Stuart to the Board of Northland. His operational and senior
management experience within the international steel industry will be
invaluable as Northland makes the transition from an exploration
company to a European iron ore producer."
The Company has granted 100,000 incentive stock options to Mr.
Pettifor, exercisable for five years at a price of $3.96 per share.
The Company also wishes to announce that Mr. Larry Kornze has stepped
down from the Board of Northland effective immediately. The Board
would like to thank Mr. Kornze for his contribution to the development
of Northland and wishes him well in his future endeavours.
Background
Northland Resources Inc. is a well-structured, debt free junior
exploration company with a portfolio of high quality iron, gold, and
base metal exploration projects in Sweden and Finland.
ON BEHALF OF THE BOARD
"Bill Wagener"
NORTHLAND RESOURCES INC.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
Northland Resources Inc.
Buck Morrow, President
Ralph Rushton, Investor Relations
Toll Free: 1-866-719-8962
www.northlandresourcesinc.com
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Copyright (c) 2007 NORTHLAND RESOURCES INC. (NAU) All rights reserved.
For more information visit our website at
http://www.northlandresourcesinc.com/ or send
mailto:karenr@goldgroup.com
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