North Atlantic Mobilizes Rig for Drill Program at the FT Project, Mali

North Atlantic Resources Ltd. (the "Company" or "North Atlantic") (TSX
VENTURE:NAC) is pleased to report that it has commenced an extensive drill
program at its 100% owned FT Project ("FT") in the Republic of Mali, West
Africa. Drilling of up to 20,000 metres of combined core drilling, reverse
circulation ("RC"), and air core ("AC") drilling is planned to test geochemical
anomalies for gold at FT (see press release dated November 22, 2010). The drill
rig has been mobilized to the property and diamond drilling is expected to
commence on or about Wednesday December 8, 2010 at the Foulalaba zone
("Foulalaba"). 


The area referred to as Foulalaba is located 14 kilometres south of the FT
resource and is coincident with the new discovery area announced in our press
release dated August 4, 2010. RC drill highlights from Foulalaba include: 64
metres at 2.50 grams per tonne Au, including 6 metres at 24.54 grams per tonne
Au in RC hole 10FLSRC-02, and 4 metres at 2.29 grams per tonne Au in RC hole
10FLSRC-01. The anomalous region covers an area more than 1.5 by 2 kilometres in
size. 


Up to 15,000 metres of the planned 20,000 metre drill program will be allocated
between three target areas at the FT Project: the Foulalaba Zone, and the FT
Zone's Southwest and Northwest Anomalies, Contingency drill footage of up to
5,000 metres for strategic drilling of new targets and expansion of existing
drill targets is reserved pending results from drilling, ongoing geochemical
sampling, and geological mapping. Assay results will be released as they become
available.


Scott Waldie, North Atlantic's President and CEO stated, "North Atlantic's
exploration team, led by Ambogo Guindo, M.Sc. a veteran with over 35 years
exploration experience in the West African region, and H. Andrew Daniels, P.
Geo., are setting the stage for the most aggressive exploration program at FT
since the discovery of the FT resource in 2004."


The FT resource is the Company's most advanced gold discovery with an initial NI
43-101 compliant resource calculation of 7,880,000 tonnes at a grade of 0.95
grams gold per tonne containing 241,000 ounces of gold in the Indicated mineral
resource category and 10,550,000 tonnes at a grade of 1.05 grams gold per tonne
containing 353,000 ounces of gold in the Inferred mineral resource category. 


About North Atlantic

North Atlantic is a mineral exploration and development company focused on
exploring for gold in the Republic of Mali, West Africa. Our four main projects
are the FT, Kantela, Diokeba, and Dalakan Projects. In recent years, we have
made significant gold discoveries on the FT Project located in Southern Mali,
and the Kantela Project located in Western Mali. North Atlantic has 56,071,124
common shares issued and outstanding (82,710,017 shares on a fully diluted
basis). Please visit our website www.nac-tsx.com to for more information about
our projects.


This news release may contain forward-looking statements that are based North
Atlantic Resources Ltd.'s expectations, estimates and projections regarding its
business and the economic environment in which it operates. These statements are
not guarantees of future performance and involve risks and uncertainties that
are difficult to control or predict. Therefore, actual outcomes and results may
differ materially from those expressed in these forward-looking statements and
readers should not place undue reliance on such statements. Statements speak
only as of the date on which they are made, and the Company undertakes no
obligation to update them publicly to reflect new information or the occurrence
of future events or circumstances, unless otherwise required to do so by law.