Company Information for Northern Lion Gold Corp.

FRANKFURT-N3E; TSX.V-NL

www.northernliongold.com

Company stock charts - 12 Month chart

TSX.V; NL

View full financial data

Company Statement

Northern Lion Gold Corp. is a Canadian mineral exploration company, listed on the TSX Venture Exchange and the Frankfurt Exchange. The Company is focused on building a strong portfolio of projects within mining-friendly and infrastructure-rich areas of Europe.

Northern Lion's current portfolio of projects include Cercal, an extensive exploration license located within the prolific Iberian Pyrite Belt of southern Portugal and Moura in southeastern Portugal, a large exploration license where numerous known zinc-lead and silver occurrences are within the license. Northern Lion also holds five exploration properties within the historic Bergslagen mining district of southern Sweden as well as the Nynasberget gold prospect located in central Sweden.

Current Operations

Portugal
CERCAL: The licence area is well positioned within the highly-metalliferous Iberian Pyrite Belt ("IPB"). The IPB has been mined for over 2000 years and hosts some of the world's richest (Neves Corvo) and largest (Rio Tinto - 335 million tonnes; Aljustrel -- in excess of 270 million tonnes) volcanichosted massive sulphide deposits.

The Cercal project is located in the Alentejo province of southern Portugal, approximately 180 kms southeast of Lisbon. Northern Lion Gold has entered into an exploration contract with the Portuguese government to explore the 240.98 km2 Cercal Licence.

The Cercal licence contains "VHMS" style gold-copper zinc-lead mineralization hosted by Paelozoic volcanic and sedimentary rocks of the Iberian Pyrite Belt (IPB). At present the only known deposit on the Cercal Licence is the Salgadinho Deposit discovered in the 1970's. This stockwork type gold copper mineralization hosts a NON Compliant 43-101 resource of 1.3M tonnes of 0.73g/t Au, 9.48g/t Ag, and 0.90% Cu, generated in 1983 by the Portuguese Government. The gold and copper mineralization is contained in chalcopyrite and sphalerite with accessory sulphide minerals of pyrite and galena. The mineralized package ranges from less than half a meter to more than 30 meters in thickness, and has been intersected between 35 and 330 meters deep, over an area of around 1,300m by 650m. The deposit remains open down dip and along strike to the southeast. Additional targets in this environment include the massive sulphide deposits normally associated with Salgadinho type feeder zones, which in the IPB range from 0.5 MT to greater than 10MT.

VTEM Target Zone 2 (TZ2), a coinciding gravity anomaly and EM-conductor. Roughly 600 x 600 m large and interpreted depth of target approximately 350 m. The gravity anomaly has previously been tested with one drill hole which was stopped at 170 meters depth in basic volcanic rock. However the conductive body is interpreted to be at a depth of approximately 350 m and hence has never been tested.

VTEM Target Zone 1 (TZ1), a weaker conductor than TZ2 with a coinciding gravity anomaly. Rougly 600 meters long and interpreted depth between 100 an 300 m

MOURA: A number of zinc-lead occurrences are known within the licence and are associated with Cambrian dolomite which is usually exposed at the crests of northwest-trending anticlinal features, within a broad band some 8 kilometres wide by 25 kilometres long. The area is situated in the Ossa-Morena geotectonic domain of the Hercynian Orogen. The most significant of these occurrences is the Preguica deposit, located on the east side of the licence, which was explored by diamond drilling (37 holes) and underground (two levels 40 metres and 80 metres below the surface) during the 1950s and 1960s by the Portuguese government and Compagnie Royalle Austrienne des Mines (formerly Union Miniere) ("Austrienne").

The previous work identified two mineralized lenses, each about 350 metres long by up to 100 metres in length, and, locally, reaching maximum widths in excess of 30 metres, over a horizontal distance of 800 metres.

The 2007 exploration program will comprise data compilation and modeling, detailed geologic mapping in areas of interest, soil sampling, mapping and sampling of old workings, trenching (750 metres) and diamond drilling (1,500 metres).

Sweden
Through its wholly owned subsidiary, Northern Lion Gold Sweden AB, the company holds seven claims in Sweden. The company carried out data review, compilation and limited soil sampling in preparation for future exploration on the Bergslagen Properties:

Skyttgruvan
Kuså
Skällingsberg and Hålstjärn
Oxberg
Karlsgruvan
Flinten

Cyprus
Northern Lion Gold is pleased to announce that it has entered into an option agreement with Katla Exploration Ltd. to acquire a 90% interest in an exploration permit covering a 312 hectare area near the villages of Pana Panayia and Asproyia in the Paphos District (Greek-Cyprus) of the Republic of Cyprus.

During our management's initial visit to the area, six grab samples were collected from within the new application areas. Highlights include one sample which returned 4.1% copper, and another sample which returned 7.3 grams per tonne ("g/t") gold and 17.6 g/t silver.

Company President, John Lando, commented recently; "We are very impressed with the geological potential in Cyprus. An excellent opportunity for new discoveries is clearly present. Cyprus has been known throughout history to be rich with copper and has over 5,000 years of production history. Due to the geo-political instability, there has been very little activity since the early 1960's. Now that Greek-Cyprus is a member of the European Union, we believe there is a truly exceptional opportunity for new discoveries by applying modern exploration technologies in a copper-rich environment and stable political climate."

Geographical Spread

Portugal and Sweden

Board of Directors and Key Management

John Lando	President/Director
Mark Bailey	Director
Dr. E. Max Baker	Director
Lyle Brown	Director
Henrik Wik M.Sc.	European Exploration Manager
John Fraser, PGeo, MSc in Geology	Geological Consultant
Tammy Gillis, CMA	Financial Controller

Company Address

P.O. Box 11604
Suite 620
650 West Georgia St
Vancouver, British Columbia, Canada V6B 4N9


Telephone:	604-669-2701
Facsimile:	604-687-4670
Email:	alice[at]sterlingpac.com
Website:	http://www.northernliongold.com

Capital

Issued and Outstanding (as of June 30, 2008); 31,154,005

Year End

December

Major Shareholders

Board of Directors, 4.3% as at September 30, 2007

Lappland Goldminers AB, 3.3% as at September 30, 2007

Most Recent Statement

08/07/08 - Preguica Drilling Intersects 11.5 metres grading 7% Zinc Drilling Continues at Cercal
28/05/08 - Airborne Geop;hysical Survey Completed Over Skyttgruvan and Oxberg Projects, Sweden
14/05/08 - Northern Lion reports update on the drilling program in Portugal - Enfermarias Drilling confirms Copper mineralization at depth
18/03/08 - Northern Lion Drills 7.0 metres of 5.68 Au g/t at Salgadinho and Intersects 4.44 metres Grading 8.4% Combined Zinc/Lead at Enfermarias
06/02/08 - Three Drills Now Turning in Portugal
12/12/07 - Director Paul C. MacNeill Passes Away

To top