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The company’s strategic direction is to continue to seek out properties and claims in the area known to have high value gold targets and to execute the necessary work to rapidly move these projects towards advanced exploration and mine development stages.

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Message: Announces Completion of Rights Offering
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Announces Completion of Rights Offering

posted on Mar 06, 2009 11:12AM
March 6, 2009
Northern Gold Mining Inc. Announces Completion of Rights Offering
TORONTO, ONTARIO--(Marketwire - March 6, 2009) - Northern Gold Mining Inc. (TSX VENTURE:NGM) announces completion of the rights offering to holders of Common Shares announced on January 30, 2009. Northern Gold issued to holders of its common shares as of record at the close of business on February 10, 2009 transferable rights certificates to subscribe for common shares before 4:00 p.m. (Toronto time) on March 3, 2009 on the terms set out in a rights offering circular dated January 22, 2009 (the "Rights Offering Circular"). The Rights Offering Circular is available on the SEDAR website at www.sedar.com. One right (a "Right") was issued for each four common shares outstanding and one Right permitted the shareholder to purchase one common share (a "Share") for $0.05 per Share. A total of 4,392,647 rights were exercised for total proceeds of $219,632.35. Northern Gold intends to use the proceeds for working capital purposes.

Northern Gold Mining Inc. is a Toronto-based junior resource company dedicated to gold exploration in the proven mining camps of Kirkland Lake and Timmins in Northern Ontario. The goal of our experienced and highly-skilled management team is to maximize shareholder value through successful exploration and the aggressive testing of high quality targets.
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