News Releases

 January 25, 2010
Changes Following the Continuation
 Changes Following the Continuation


Luxembourg, January 25, 2010 - Northland Resources S.A. (the "Corporation")

Reference is made to the stock exchange release of 20 January 2010 regarding the
Corporation's continuance from the jurisdiction of British Columbia to
Luxembourg (the "Continuation").

As a result of the Continuation, a new ISIN will be registered for the
Corporation's shares. The Corporation is currently in the process of obtaining a
Luxembourg ISIN and will notify the market accordingly when the new ISIN has
been obtained. The Corporation's shares may in the meantime be traded under the
old Canadian ISIN.

As a result of the Continuation, Luxembourg is, for the purpose of EU
directives, the home state of the Corporation. This, inter alia, means that
disclosure of significant shareholdings and disclosure of financial reports will
be subject to Luxembourg laws. In addition, significant shareholdings concerning
the Corporation must be disclosed under the rules applicable for companies
listed at the Toronto Stock Exchange.

A further change following the Continuation is that Norwegian take over rules as
set 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 nature
related to the bidding process, including questions concerning the compensation
offered in connection with the bid, and in particular the bid price, the bid
procedure, information on the bidder's decision to present a bid, the content of
the offer document and publication of the bid, and such matters will be
monitored by the applicable authority in Norway. Luxembourg law will apply with
respect to matters of a legal nature related to information to employees of the
Corporation and company law questions, including matters concerning the
thresholds at which mandatory bid obligations are triggered, possible exemptions
from the obligation to present a bid and exceptions from the mandatory bid
obligation, and such matters will be monitored by the applicable authority in
Luxembourg. In addition, the take over rules applicable to companies listed at
the Toronto Stock Exchange will apply to take over bids concerning the
Corporation

ON BEHALF OF THE BOARD OF
NORTHLAND RESOURCES INC.

"Anders Hvide",
Executive Chairman
 
 

You can view the Next News Releases item: Mon Feb 1, 2010, Co-financing makes a new railroad possible in Pajala

You can view the Previous News Releases item: Tue Jan 19, 2010, Continuation of Company to Luxembourg and Change Name to Northland Resources S.A.

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