NFE

Northern Iron Corp. ("Northern" or the "Company") (TSX
VENTURE:NFE)(OTCQX:NHRIF)(FRANKFURT:N8I) announces that Richard (Rick) Brown has
resigned as the Chairman of the Board and as a director of the Company effective
immediately.


Basil Both, President and & CEO of Northern, commented: "I want to thank Rick
for his years of service as a director and as Chairman of the Board and wish him
well in his new pursuits."


In due course, the Company will seek to fill the vacancy left by Rick's departure. 

About Northern Iron Corp.

The Company is a 100% owner of five iron ore properties in the Red Lake
district. The Red Lake district is situated in an established mining area in
Ontario, where the company has two near term development projects, the past
producing Griffith mine and the Karas property. 


The Company is currently working towards the production of HBI, a transportable
form of direct reduced iron. HBI is complementary and a viable metallic
supplement to scrap steel. Quality scrap is a critical raw material in the steel
making process. With the diminishing supply of quality scrap steel and ever
increasing market demand, steel producers around the world will be looking to
secure alternative supplies of metallic products. 


As part of the business plan, the Company acquired the past producing Griffith
mine, which produced pellets and sponge iron (Direct Reduced Iron/DRI) from 1968
to 1986. The mine was owned and operated by STELCO and supplied pellets and
sponge iron to the Hamilton and Nanticoke steel mills in Ontario. The metallurgy
of the deposit has been proven over eighteen years of production.


Almost the entire transportation infrastructure is currently in place to both
produce HBI and to ship produced HBI into the North American market via rail and
lake barges and into Asian markets via rail through the port of Prince Rupert.
Existing infrastructure includes all weather roads, 115kV power line, natural
gas line, rail bed and port facilities.


The Company is focusing on de-risking the project by seeking out potential joint
venture partners, off-take agreements or a combination thereof. 


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. No stock exchange,
securities commission or other regulatory authority has approved or disapproved
the information contained herein. 


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FOR FURTHER INFORMATION PLEASE CONTACT: 
Northern Iron Corp.
Basil Botha
President & CEO
604-566-8570
604-602-9868 (FAX)
bbotha@northernironcorp.com
www.northernironcorp.com

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