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NGM

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Share Name Share Symbol Market Type
TSXV:NGM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Northern Gold Reports Channel Samples at Buffonta

12/02/2014 5:14pm

Marketwired Canada


NORTHERN GOLD MINING INC. (TSX VENTURE:NGM) ("Northern Gold" or the "Company")
is pleased to announce the results of its summer field exploration program.
During the field season of 2013 (May to October) the Company was active in
exploring surface gold showings on several of its properties. This press release
highlights the results from channel sampling at the Buffonta property, located
south of the Garrison Project.


Buffonta Property (#5 Zone) 

In 2013 the Company excavated the surface outcrop of the Buffonta #5 zone to
complete geologic mapping and channel sampling. The Buffonta #5 zone is a shear
hosted deposit along the Buffonta Turner fault. The zone has a known strike
length of over 150m and has been traced at depth to over 120m. The #5 zone hosts
a historical resource of 140,988 tonnes @ 4.82g/t (21,860 oz. Au)(1). A
qualified person has not done sufficient work to classify the historical
resource estimate as current mineral resources nor is the Company treating the
historical estimate as current mineral resources. Additional confirmatory
drilling would be required to classify the historical estimate as a current
mineral resource. A table of highlighted surface channel sample results from the
#5 Zone are shown below:




Channel IDs            Grade (g/t)       Length (m)        
B53-3                  3.86g/t           1.0m              
B54-1,2                5.21g/t           2.4m              
B55-1,2                2.55g/t           2.9m              
B56-4                  3.31g/t           1.2m              
B58-1,2,3              4.69g/t           3.1m              
B59-4                  2.26g/t           1.1m              
B513-1,2,3             3.16g/t           3.1m              
B514-1,2               2.68g/t           2.0m              
B515-1,2,3,4,5         8.98g/t           5.1m              
B516-1,2,3,4,5         14.09g/t          5.1m              
B517-1,2               9.96g/t           2.1m              
B517-7                 2.46g/t           1.0m              
B519-1,2,3             5.35g/t           3.0m              
B520-1,2               3.54g/t           2.0m              
B522-1                 46.20g/t          1.0m              
B523-1                 21.40g/t          1.0m              



Buffonta Property (Elbow and Roadside Zones) 

In 2013 the Company excavated two additional surface outcrops to complete
geologic mapping and channel sampling. The two zones are near to but not
directly related to the #6 and #5 Zones on the Buffonta property. These two new
zones the Elbow and Roadside have shown anomalous gold tenures and locally
higher grade gold mineralization. A table of highlighted surface channel sample
results from the Elbow and Roadside Zones are shown below:




Channel IDs            Grade (g/t)       Length (m)        
BR5-2                  1.36g/t           1.0m              
BR6-3                  1.50g/t           1.0m              
BR7-3                  2.38g/t           1.2m              
BR8-1                  1.83g/t           1.2m              
BE-3                   8.00g/t           1.0m              



A map of channel results is shown on the Company's website at: 

http://www.northerngold.ca/sites/default/files/buffonta_channels.pdf

Martin Shefsky, Interim President and CEO of Northern Gold, comments: "This
initial surface exploration work demonstrates near surface opportunities for
higher grade mineralization, and will be a focus for a future drilling program."


(1) White, M.V. 1997. Evaluation Report on the New Buffonta Property. Gwen Resources

Quality Assurance/Quality Control 

Northern Gold has implemented comprehensive, industry standard
quality-assurance, quality-control protocols for diamond drilling, core
recovery, handling, sampling, shipping and assaying. Gold assays were completed
by SGS Mineral Services through fire assay procedures (FAI323 and FAG303).
Details of these best practice principals can be viewed on the Company's website
at: http://www.northerngold.ca/QA-QC.php


The technical aspects of this press release have been reviewed and approved by
Michael Gross, M.Sc., P.Geo., the "Qualified Person" as defined by National
Instrument 43-101 for the Golden Bear Project. 


About Northern Gold

Northern Gold is a TSXV-listed gold company based in Toronto, Ontario. The
Company's main focus is the exploration and development of its prospective
mineral properties at the Golden Bear Project in the Larder Lake Mining
Division, northeastern Ontario. Northern Gold has a portfolio of advanced
exploration projects, including the Jonpol and Garrcon Deposits and the Buffonta
Property. Recent transactions, including the amalgamation with Victory Gold
Mines Inc. and acquisition of the Lac Minerals Property add to the Company's
regional consolidation strategy along the Destor-Porcupine Fault Zone.


CAUTIONARY STATEMENT: Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has
approved or disapproved of the information contained herein. This news release
contains forward-looking information which is not comprised of historical facts.
Forward-looking statements are characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate" and other similar
words, or statements that certain events or conditions "may" or "will" occur.
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 strategic partnership and issuances of
securities, and is based on, among other things, the opinions and assumptions of
management considered reasonable as of the date of this news release. Factors
that could cause actual results to differ materially from such forward-looking
information include, but are not limited to, delays in obtaining or failures to
obtain required regulatory approvals, changes in equity markets, fluctuations in
commodity prices, and other risks involved in the mineral exploration and
development industry, including 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Northern Gold Mining Inc.
Martin Shefsky
Interim President & Chief Executive Officer
647.297.8793
mshefsky@northerngold.ca


Northern Gold Mining Inc.
Eric Szustak
Manager, Business Development
905.330.7948
eszustak@northerngold.ca
www.northerngold.ca

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