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Northern Gold Acquires Mining Equipment
Published : November 16, 2012
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TORONTO, ONTARIO--(Marketwire - Nov. 16, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Northern Gold Mining Inc. ("Northern Gold" or the "Company") (News - Market indicators) is pleased to announce that it has entered into a definitive agreement with Trelawney Mining and Exploration Inc. ("Trelawney"), an indirect wholly-owned subsidiary of IAMGOLD Corporation, pursuant to which the Company has agreed to purchase a considerable amount of equipment from Trelawney in exchange for an aggregate of 6,000,000 common shares of Northern Gold. The purchase consists of, but is not limited to, surface and underground electrical distribution systems, ventilation and mine air heat systems, compressors, generators, longhole drills, a Jumbo drill, water treatment equipment, various pieces of mobile equipment including scooptrams and excavators, a Gekko Mill and miscellaneous office equipment.

Greg Gibson, President and Chief Executive Officer of the Company stated, "We are pleased to have acquired this equipment at an exceptional cost saving from Trelawney as it enables Northern Gold to establish its underground mine infrastructure and allows us to carry out our proposed advanced exploration program on the Jonpol Gold Deposit. We are quite familiar with this particular equipment and know that it is in excellent condition."

The transaction is subject to receipt of all necessary regulatory and corporate approvals, including the approval of the TSX Venture Exchange ("TSXV"). The securities to be issued in connection with the transaction will be subject to a four month hold period from the date of issuance.

About Northern Gold

Northern Gold Mining Inc. is a TSXV-listed, publicly traded junior resource company based in Toronto, Ontario, dedicated to the discovery and development of high value mineral deposits in the proven mining camps of Kirkland Lake and Timmins in Northeastern Ontario. Northern Gold is focused on developing two gold deposits on its 100% owned Garrison Gold Property. In addition to the advanced stage Jonpol and Garrcon Gold Deposits, the property hosts several other gold mineralized showings including the less advanced 903 gold mineralized area. The Garrison Gold Property has historical mining infrastructure at both the Jonpol and Garrcon Deposits, and producing mines are located near the property.

CAUTIONARY STATEMENT: This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Northern Gold's objectives, goals or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, those risks set out in Northern Gold's public documents filed on SEDAR. Although Northern Gold believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Northern Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Northern Gold Mining Inc.
Martha Digby
Director Corporate Communications
416.366.7300 or Cell: 416.455.7670
416.366.7301 (FAX)
mdigby@northerngold.ca
www.northerngold.ca
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Northern Gold Mining

EXPLORATION STAGE
CODE : NGM.V
ISIN : CA66516M1095
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Option Grants of Northern Gold Mining
12/29/2010Grant of 1,000,000 stock options at $ 0,32
Nominations of Northern Gold Mining
9/3/2013Announces Resignation of Director
5/17/2013Announces Appointment of New President & CEO
10/10/2012Announces Board Changes and Officer Appointments and Reports...
Project news of Northern Gold Mining
9/10/2013(Garrison)Completes Acquisition of Contiguous Mining Claims to the Gar...
4/16/2013(Garrison)Acquires Additional Property in Garrison, Holloway and Micha...
1/31/2013(Garrison)Acquires Additional Property in Garrison and Harker Township...
8/18/2011(Garrison)Announces Three Additional Drills (Five in Total) on Its Gar...
7/26/2011Reports Assays for Six Drill Holes at Its Garrcon Gold Depos...
5/26/2011(Garrison)More Than Triples Land Holdings at and Near Its 100% Owned G...
5/16/2011(Garrison)ValGold and Northern Gold Close Garrison Property Sale
4/28/2011(Garrison)Intersects 61.0 m @ 2.32 g/t Gold Including 1.0 m @ 127.70 g...
4/26/2011(Garrison)Announces Significant New Gold Assay Results in Ongoing Dril...
4/12/2011(Garrison)Expands the Garrison Gold Property by 27% With Acquisition o...
4/7/2011(Garrison)and ValGold Announce Agreement to Consolidate 100% Ownership...
4/1/2011(Garrison)Announces Significant New Gold Assay Results
3/1/2011(Garrison)Hits 209 Meters of 1.44 g/t Including 1 Meter of 97.88 g/t, ...
2/24/2011(Garrison)Reports That Metallurgical Testing of the Garrcon Deposit Ha...
2/22/2011(Garrison)Hits 58 Meters of 1.08 g/t Gold Including 2 Meters of 13.07 ...
12/29/2010(Garrison)Initiates a New Mineral Resource Report and Preliminary Econ...
11/15/2010(Garrison)Adds a Second Diamond Drill at Garrcon Deposit
5/10/2010(Garrison)Initiates Phase II Drilling on Garrison Gold Property
3/31/2010(Garrison)Initiates Permitting Process for Advanced Exploration/Develo...
12/10/2009(Garrison)Hits 56.1 Metres of 2.14 g/t Gold Including 3.4 Metres of 16...
8/14/2008ANNOUNCES ADDITIONAL HIGH GRADE GOLD ASSAYS 552.96 g/t (16.1...
7/29/2008ANNOUNCES COMMENCEMENT OF DIAMOND DRILLING AT THE NEW HIGH G...
7/22/2008NEW DISCOVERY OF HIGH GRADE GOLD 2305 g/t (67.22 oz/t) ON N...
1/8/2008(Kirkland Lake)DRILLS 404.92g/t Au (11.81 opt) over 0.3m(1.0ft.) AT BOURKES
Corporate news of Northern Gold Mining
9/26/2013Reports Results of Jonpol Metallurgical Testwork
9/18/2013Intersects 7.41 g/t Au over 6.5 m at Jonpol East Zone
8/29/2013Intersects 5.47 g/t Au OVER 17.3 m at Jonpol Deposit
8/21/2013Announces Issuance of Securities to Wahgoshig First Nation
8/15/2013Announces Exploration Agreement With Wahgoshig First Nation ...
7/30/2013Extends Gold Mineralization at Buffonta and Completes Initia...
7/10/2013Intersects 4.52 g/t Au over 11.5m at Gold Pike Property
5/7/2013Acquires Champagne Property
3/26/2013Intersects 23.5 g/t Au Over 4.1m at Jonpol Deposit
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2/14/2013Named to TSX Venture Top 50
2/7/2013Completes Acquisition of Victory Gold Mines Inc.
1/21/2013Discovers 600-Metre Long High-Grade Gold Zone at Garrcon Eas...
12/30/2012New Email Address
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12/12/2012to Acquire Victory Gold
11/30/2012Enters Into Option Agreement to Acquire Harker-Holloway Gold...
11/16/2012Acquires Mining Equipment
10/25/2012Intersects Two 2-Metre Intervals of 9.85 g/t Au and 15.02 g/...
10/5/2012Announces Closing of $10.0 Million Brokered Private Placemen...
9/21/2012Announces $10.0 Million Private Placement of Flow Through Co...
7/20/2011Continues to Intersect Long Intervals of Gold Mineralization...
7/11/2011Intersects 3.0 m of Gold Assaying 660.0 g/t Including 1.0 m ...
6/23/2011Increases Garrcon Deposit Indicated Resource Five-Fold to 72...
4/19/2011Continues to Expand Exploration Ground With the Acquisition ...
11/18/2010Hits 220 Meters of 0.69 g/t Gold Including 59 Meters of 1.5 ...
6/15/2010Announces Assay Results of New Mineralized Zone Samples Grad...
9/15/2009And Valgold complete option agrement on Garrison Gold proper...
1/21/2009SIGNS LETTER OF INTENT WITH VALGOLD RESOURCES LTD.
9/3/2008EXPLORATION UPDATE
8/12/2008ANNOUNCES COMPLETION OF VTEM AIRBORNE SURVEY AND THE ADDITIO...
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