Northland Resources: Changes Following the Continuation

(Thomson Reuters ONE) - Luxembourg, January 25, 2010 - Northland Resources S.A. (the "Corporation")Reference is made to the stock exchange release of 20 January 2010 regarding theCorporation's continuance from the jurisdiction of British Columbia toLuxembourg (the "Continuation").As a result of the Continuation, a new ISIN will be registered for theCorporation's shares. The Corporation is currently in the process of obtaining aLuxembourg ISIN and will notify the market accordingly when the new ISIN hasbeen obtained. The Corporation's shares may in the meantime be traded under theold Canadian ISIN.As a result of the Continuation, Luxembourg is, for the purpose of EUdirectives, the home state of the Corporation. This, inter alia, means thatdisclosure of significant shareholdings and disclosure of financial reports willbe subject to Luxembourg laws. In addition, significant shareholdings concerningthe Corporation must be disclosed under the rules applicable for companieslisted at the Toronto Stock Exchange.A further change following the Continuation is that Norwegian take over rules asset out in chapter 6 of the Norwegian Securities Trading Act will apply.Norwegian take over rules will apply with respect to matters of a legal naturerelated to the bidding process, including questions concerning the compensationoffered in connection with the bid, and in particular the bid price, the bidprocedure, information on the bidder's decision to present a bid, the content ofthe offer document and publication of the bid, and such matters will bemonitored by the applicable authority in Norway. Luxembourg law will apply withrespect to matters of a legal nature related to information to employees of theCorporation and company law questions, including matters concerning thethresholds at which mandatory bid obligations are triggered, possible exemptionsfrom the obligation to present a bid and exceptions from the mandatory bidobligation, and such matters will be monitored by the applicable authority inLuxembourg. In addition, the take over rules applicable to companies listed atthe Toronto Stock Exchange will apply to take over bids concerning theCorporationON BEHALF OF THE BOARD OFNORTHLAND RESOURCES INC."Anders Hvide",Executive ChairmanFor more information on Northland Resources Inc. please visit:www.northlandresourcesinc.com , orcontact:Anders Hvide, Executive Chairman, Oslo: Tel. +47 92 88 98 58Paul Marsden, VP, Marketing and Corporate Development, London: +4477 76 18 09 88Deborah Craig, VP, Northland Resources AB: +46 70 638 43 00Aurelian Bukatko,Chief Financial Officer & Corporate Secretary NorthlandResourcesSA+35227616134Cautionary Note Regarding Forward-Looking StatementsThis press release includes certain "forward-looking statements" within themeaning of Canadian securities laws. Generally, the words "expect", "intend","will" and similar expressions identify forward-looking information. By theirvery nature, forwardlooking statements are subject to known and unknown risksand uncertainties that may cause our actual results, performance or achievementsto differ materially from those expressed or implied in any of ourforward-looking information. Since forwardlooking statements address events andconditions, by their very nature, they involve inherent risks and uncertainties.Actual results in each case could differ materially from those currentlyanticipated in such statements. Investors are cautioned not to place unduereliance on forward-looking statements, which speak only as of the date they aremade. All of the Corporation's Canadian public disclosure filings may beaccessed via www.sedar.com and readers are urged toreview these materials. The foregoing commentary is based on the beliefs,expectations and opinions of management on the date the statements are made. TheCorporation disclaims any intention or obligation to update or reviseforward-looking information, whether as a result of new information, futureevents or otherwise.This information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)[HUG#1376534] Press Release: http://hugin.info/137015/R/1376534/337930.pdf

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Datum: 25.01.2010 - 00:31 Uhr
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