======================================================================
Northland buys Anglo American's Royalty and Back-In Right in
Swedish IOGC Projects
======================================================================
Vancouver, December 12, 2007: Northland Resources Inc. is pleased to
announce that it has reached an agreement with Anglo American
Exploration BV to buy Anglo's 2.5% royalty interest and back-in rights
on two permits in northern Sweden which host the Stora Sahavaara and
Tapuli projects, and a number of other iron oxide, copper, gold (IOCG)
targets.
Northland will pay Anglo US $3.65-million for Anglo's royalty and
back-in rights in the two exploration permits, together known as the
Pajala properties - which cover approximately 18,000 hectares of
ground.
Northland signed an option agreement on the permits with Anglo in
December 2004 and completed and exercised its option to acquire 100%
ownership of the permits in January of 2007. Northland is currently
advancing the Stora Sahavaara and Tapuli magnetite projects towards
feasibility study.
Buck Morrow, the President of Northland, said: "The buyout of Anglo's
royalty and back-in rights is something we've been thinking about for a
while and we're very happy to have completed successful negotiations
with Anglo. Tapuli and Stora Sahavaara are important projects for
Northland which we now own 100% free of any royalties or back-in
rights. Anglo has been a good partner to Northland and I'd like to
thank its exploration management for their important contribution to
our work in northern Sweden."
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
"Ralph Rushton"
NORTHLAND RESOURCES INC.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
CONTACT INFORMATION
Northland Resources Inc.
Buck Morrow, President
Investor Relations:
North America, Ralph Rushton: Toll Free: 1-866-719-8962
Europe, Gabriella Roos: Tel. +44 791 286 9936
======================================================================
Copyright (c) 2007 NORTHLAND RESOURCES INC. (NAU) All rights reserved.
For more information visit our website at
http://www.northlandresourcesinc.com/ or send
mailto:RalphR@Goldgroup.com
======================================================================
.