NAI

Northern Abitibi Mining Corp. ("Northern Abitibi") (TSX VENTURE:NAI) is pleased
to announce that it has received TSX Venture Exchange conditional approval for
the option agreement to earn a 100% interest in the Ches
copper-molybdenum-tungsten property located in central British Columbia.


Northern Abitibi can earn a 100% interest in the Ches Property by making staged
cash and share payments over 4 years totaling $50,000 cash and 1.6 million
shares at a deemed value of $0.05 per share, and spending a total of $500,000 on
exploration. Upon signing and receiving TSX Venture Exchange approval, Northern
Abitibi must issue 350,000 Northern Abitibi shares, and the Company must spend
$50,000 on exploration within the first year. The Vendors will retain a 2% net
smelter royalty, three quarters of which can be bought back by Northern Abitibi
for $2 million dollars.


Northern Abitibi has issued a total of 350,000 common shares at deemed value of
$0.05 per share to the Vendors which are subject to a hold period until
September 8, 2014.


A budget of up to $67,000 has been approved for a first pass exploration program
at the Ches Property. This exploration program will consist of mapping, soil and
rock channel sampling, and excavator trenching to evaluate and expand known
zones of mineralization exposed in logging road cuts. A permit application to
conduct this work has been submitted to the Ministry of Energy and Mines and the
program will commence in the summer of 2014 pending the receipt of all necessary
permits.


An additional 1927 hectares have been staked around the Ches property enlarging
the property over 4 times its original size, and bringing the total property
size to 2390 hectares.


Barbara O'Neill, Corporate Secretary

The TSX Venture Exchange has neither approved nor disapproved of the contents of
this press release.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Northern Abitibi Mining Corp.
Shane Ebert
1.250.964.2699


Northern Abitibi Mining Corp.
Jean Pierre Jutras
1.403.233.2636
www.naminco.ca

Northern Abitibi Mining Corp. (TSXV:NAI)
Historical Stock Chart
From May 2024 to Jun 2024

Northern Abitibi Mining Corp. (TSXV:NAI)
Historical Stock Chart
From Jun 2023 to Jun 2024