Northern Tiger Resources Inc. Announces $3 Million Private Placement by 24hgold

Keywords : Canada | Capstone | Copper | Gold |

Re: News Release - Monday, February 14, 2011
Title: Northern Tiger Resources Announces $3 Million Private Placement

February 14, 2011: Northern Tiger Resources Inc. (NTR: TSX-V) today announced that it has entered into an agreement with Casimir Capital Ltd. to act as agent in a private placement to raise aggregate gross proceeds of up to $3,000,000 (the "Offering"). The Offering will consist of up to 5.45 million common shares issued on a "flow-through" basis for the purposes of the Income Tax Act (Canada) ("FT Shares") at a price of $0.55 per FT Share.

The Offering will be conducted in reliance upon certain prospectus and registration exemptions and all securities to be issued will be subject to a four month hold period from the date of the closing of the Offering. The net proceeds from the Offering will be used for exploration on Northern Tiger's Yukon exploration properties.

As consideration, Northern Tiger has agreed to pay Casimir a commission of 6% of the gross proceeds of the Offering and issue agent's warrants equal to 6% of the common shares issued pursuant to the Offering. Each agent's warrant will entitle the holder, on exercise, to purchase one additional common share of the company at a price of $0.80 for a period of 18 months from the completion of the Offering.

Completion of the Offering is subject to all required regulatory approvals, including the acceptance of the TSX Venture Exchange.

Northern Tiger Resources Inc. is a Canadian-based resource exploration company focused on gold and copper exploration in the Yukon. Through its exploration alliance with Capstone Mining Corp.'s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production.

For further information please contact:

Greg Hayes, President and CEO
info@northern-tiger.com

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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