Northern Hemisphere Announces Private Placement

Northern Hemisphere Development Corp. (TSX VENTURE:NHD) announces a private
placement, to consist of the sale of up to 2,000,000 units at a price of $0.10
per unit, each unit to consist of one common share and one-half (1/2) of a share
purchase warrant, with each whole warrant to entitle the holder to purchase one
additional common share at a price of $0.15 for a period of 2 years from
closing. The proceeds of up to $200,000 to be raised pursuant to this private
placement, which is subject to regulatory acceptance, will be used for working
capital purposes.


For further information on NHD and its Trutch Project please visit our website
at www.northernhemisphere.ca.


NORTHERN HEMISPHERE DEVELOPMENT CORP.

Don Simmons, President & CEO

This press release may contain forward-looking statements as of this date and
include expectations of future events such as drilling, capital expenditures and
production which involve certain risks and uncertainties. This release shall not
constitute an offer to sell or the solicitation of an offer to buy the
securities in any jurisdiction.