NFE

Northern Iron Corp. ("Northern" or the "Company") (TSX
VENTURE:NFE)(OTCQX:NHRIF)(FRANKFURT:N8I) is pleased to announce the appointment
of Annie Storey, CA to its Board of Directors.


Ms. Storey brings over 25 years of experience to her role, having provided
accounting, financial reporting and corporate services to public and private
companies with operations around the world in such industries as mining and
exploration, oil and gas, technology, entertainment, manufacturing, real estate
and biotechnology. Her experience includes twelve years in public practice with
MNP and KPMG in the areas of audit, accounting and quality control, as well as
with other mid-sized CA firms registered with the Canadian Public Accountability
Board and the Public Company Accounting Oversight Board.


In her most recent role as audit partner, she was invaluable in guiding clients
in a wide range of industries through complex regulatory environments and
assisting them in meeting reporting requirements in both Canada and the United
States. She is proficient in the areas of Canadian Accounting Standards for
Private Enterprises, U.S. Generally Accepted Accounting Standards, and
International Financial Reporting Standards, and has experience with both the
Canadian and US tax regimes.


Ms. Storey has also held teaching positions with the British Columbia Institute
of Technology and the CA School of Business, and controllership positions in the
manufacturing and entertainment industries. She was certified as a Chartered
Accountant after obtaining a Bachelor of Business Administration from Simon
Fraser University with majors in finance and international business. Annie is a
member of the Institute of Chartered Accountants of B.C.'s Practice Review &
Licensing Committee, the Canadian Institute of Chartered Accountants'
Practitioners' Technical Advisory Committee, and regularly participates on
boards of non-profit organizations.


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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