Luxembourg, February 12, 2013 - Northland Resources S.A. (TSX: NAU, OSE: NAUR, Frankfurt: NPK, First North/Nasdaq: NAURo - "Northland" or the "Company") announces that the boards of the Company's Swedish subsidiaries, Northland Sweden AB and Northland Logistics AB, have filed for reconstruction with the Luleå District Court. This comes as a consequence from the reconstruction in Northland Resources AB (publ) initiated on February 8, 2013. In addition, the Board of Northland Resources S.A. has decided to engage Recore AS to support the management during the work to secure the long term financing of the Company. A project office has been established and will headed by Mr. Runar Nilsen. Mr. Nilsen will in this capacity be part of the Group Management Team. This decision has been endorsed by the Company's bondholders and is intended to support the activities to secure the long term financing for the Kaunisvaara operations and the shipping of iron ore concentrate via the Port of Narvik. Northland Logistics AS (Norway) will be indirectly affected by the reconstruction since it forms part of the Kaunisvaara project and as such are partly funded by the Swedish companies in formal reconstruction. Other companies within the group are not affected by today's decision. Following the reconstruction of the Swedish subsidiaries the Company has been notified by the Toronto Stock Exchange (the "TSX") that it is being reviewed with respect to meeting the requirements for continued listing pursuant to the TSX's expedited review process. The TSX halted the trading of the Company's Common Shares in anticipation of a meeting with the TSX's Continued Listing Committee, to be held on February 14, 2013 at 2:30 p.m. EST to consider whether or not to continue with the suspension of trading and to delist the Company's Common Shares. At this time, the Company intends to defend its listing and is working with the TSX to address the deficiencies in meeting ongoing listing requirements and will concurrently review listing requirements with the TSX Venture Exchange or NEX. [ON BEHALF OF THE BOARD] "Karl-Axel Waplan" President & CEO, Northland Resources S.A.
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