NAI

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAW. 


Northern Abitibi Mining Corp. (TSX VENTURE:NAI) ('Northern Abitibi') is pleased
to announce that it has closed a non-brokered private placement of 3,380,000
units ("Common Units") at a price of $0.12 per Common Unit and 4,471,230
flow-through units ("FT Units") at a price of $0.13 per FT Unit for gross
proceeds of $986,860.


MineralFields Group purchased $360,000 of this placement and Northern Abitibi is
pleased to be entering into this relationship with MineralFields and look
forward to working with MineralFields as we continue to explore and develop our
Viking Property in Newfoundland.


Each Common Unit consists of one common share and one common share purchase
warrant. Each common share purchase warrant entitles the holder to purchase one
common share at a price of $0.20 per share until April 15, 2013. Each FT Unit
consists of one common flow-through share and one-half of one common share
purchase warrant. Each whole common share purchase warrant entitles the holder
to purchase one common share at a price of $0.20 per share until April 15, 2013.



The Common Units and FT Units were offered on a non-brokered basis by way of
private placement to accredited investors and all securities issued are subject
to a hold period until August 16, 2011. A director subscribed for 192,308 FT
Units.


A finder's fee of $50,297 was paid and 426,224 brokers' warrants were issued to
eligible agents. Each brokers' warrant will be exercisable at an exercise price
of $0.12 into one common share until April 15, 2013.


MineralFields Group (a division of Pathway Asset Management), based in Toronto,
Vancouver, Montreal and Calgary, is a mining fund with significant assets under
administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada as well as hard-dollar resource
limited partnerships to investors throughout the world. Pathway Asset Management
also specializes in the manufacturing and distribution of structured products
and mutual funds (including the Pathway Multi Series Fund Inc. corporate-class
mutual fund series). Information about MineralFields Group is available at
www.mineralfields.com. First Canadian Securities (R) (a division of Limited
Market Dealer Inc.) is active in leading resource financings (both flow-through
and hard dollar PIPE financings) on competitive, effective and service-friendly
terms, and offers investment banking, mergers and acquisitions, and mining
industry consulting, services to resource companies. MineralFields and Pathway
have financed several hundred mining and oil and gas exploration companies to
date through First Canadian Securities (R).


Shane Ebert, President/Director

Except for the historical and present factual information contained herein, the
matters set forth in this news release, including words such as "expects",
"projects", "plans", "anticipates" and similar expressions, are forward-looking
information that represents management of Northern Abitibi's internal
projections, expectations or beliefs concerning, among other things, future
operating results and various components thereof or the economic performance of
Northern Abitibi. The projections, estimates and beliefs contained in such
forward-looking statements necessarily involve known and unknown risks and
uncertainties, which may cause Northern Abitibi's actual performance and
financial results in future periods to differ materially from any projections of
future performance or results expressed or implied by such forward-looking
statements. These risks and uncertainties include, among other things, those
described in Northern Abitibi's filings with the Canadian securities
authorities. Accordingly, holders of Northern Abitibi shares and potential
investors are cautioned that events or circumstances could cause results to
differ materially from those predicted. Northern Abitibi disclaims any
responsibility to update these forward-looking statements.

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