Bruce Shannon

Northland Resources

Northland is in the business of acquiring, exploring and developing iron ore properties and has assembled a portfolio of iron oxide-copper-gold (IOCG) exploration and development projects in Sweden and Finland. The iron is contained as magnetite; some of Northland's properties also contain potentially economic copper and gold concentrations. The projects are located primarily within the Pajala Shear Zone (PSZ). The PSZ is about 250km long and 10km wide and trends NNE-SSW between northern Sweden and Finland. The PSZ contains over 35 known IOCG occurrences, including the pastproducing Rautuvaara and Hannukainen IOCG mines in Finland. The Rautuvaara mine is located 7 km south of Northland's advanced-stage Hannukainen project, which is located approximately 30-35 km northeast of Northland's advanced-stage Tapuli and Stora Sahavaara projects in Sweden. Hannukainen, Stora Sahavaara and Tapuli all have NI 43-101-compliant resources defined. In addition, Northland controls exploration permits that cover a number of IOCG deposits with historic resources as calculated by previous operators as well as the Swedish Geological Survey (SGU) and the Finnish Geological Survey (GTK). Northland believes the region has the potential to become a significant iron ore mining district.