Slide 1: Northern Shield Resources
Northern Shield Resources A Unique Opportunity… Exploring for Canada’s largest PGE deposit PDAC Toronto March 2011 NRN: TSX Venture DECEMBER 2010
Slide 2: Forward-looking statements
The information in this Presentation contains forward‐looking statements. These statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those included in the forward‐looking statements. Th forward‐looking The f d l ki statements t t t a
Slide 3: Northern Shield is a Canadian junior PGE exploration company
• Northern Shield is a Canadian junior exploration company exploring for platinum group metal deposits in Canada. • Northern Shield is one of very few juniors focussing on platinum exploration in Canada. • Northern Shield was incorporated on December 1999 and became a publicly traded company on the
Slide 4: Growing shareholder value through PGE exploration in Eastern Canada
Growing shareholder value through PGE exploration in Eastern Canada Focus Platinum‐ (Nickel‐Copper) Exploration Location Northern Ontario & Quebec S b l Symbol NRN TSX‐V NRN: TSX V Last Price $0.22 Shares Outstanding 90.1 million Fully diluted 99.9 million 52 Week High/Low $0.25/$0.095 Shareholders
Slide 5: Directors, Management, Advisors/Consultants
DIRECTORS • William Kiff, Chairman –(formerly (formerly Foothills Oil and Gas Inc) • Ian Bliss • John Pedersen ‐ (formerly with Scandinavian Minerals Ltd) • Dr Neil Bliss‐ (f (formerlyy with Alcan International Ltd)) • Jeff Boyce ‐ (Sure Energy Inc) MANAGEMENT • Ian Bliss ‐ President, President CEO
Slide 6: Christine Vaillancourt: Chief Geologist
Ms Christine Vaillancourt: Chief Geologist, Northern Shield Ms Vaillancourt completed her masters thesis on the geochemistry and PGE mineral potential of an ultramafic suite in northern Quebec under the supervision of world re-known Ni-Cu-PGE expert Dr Sarah Jane Barnes at the University of Chicouti
Slide 7: Consultants: Jacques Babineau and Wolfgang Maier
Mr. Jacques Babineau: Consultant to Northern Shield Mr Babineau has over 25 yyears experience p in exploration p and project generation for Esso Minerals and INCO. His knowledge of PGE and Ni-Cu-(PGE) environments applied to the definition of high potential targets is of great value to Northern Shie
Slide 8: Platinum Prices
PLATINUM PRICES Monthly Average Platinum Price DECEMBER 2010
Slide 9: Supply and Demand
SUPPLY AND DEMAND = Autocatalyst @ Industrial — Jewellery © Physical Investments. © South Africa = Zimbabwe © Russia = North America ™ Others DECEMBER 2010
Slide 10: South Africa nationalization quote
"In South Africa we are just starting. Here in Zimbabwe you are already very far. The land question ti h has b been addressed. dd d We W are very happy that today you that you have taken over the farms. We hear you are now going straight g to the mines. That's what we are going to be doing in South
Slide 11: Northern Shield Property Locations
NORTHERN SHIELD PROPERTY LOCATIONS Highbank Lake i * 1 4 Radisson q - * , 5. ty Wabassi/Max? at a. i 2: & , oy 4 ¥* Milou y ys R Faint Hope “= “ Ae QI 5 sy Ontario DECEMBER 2010
Slide 12: Wabassi and Highbank Lake near the Ring of Fire
The Wabassi and Highbank Lake Intrusive Complexes are located along the same regional-scale fault as the Ring of Fire Intrusive Complex which hosts a significant Ni- Cu-PGE deposit and a world- class chromitite deposit to be operated by Cliffs Natural Resources. Resources The proposed route of a roa
Slide 13: Highbank Lake layered intrusive complex
• Highbank Lake is a large layered intrusive complex (500 sq km) discovered by Northern Shield. • Layered Intrusions are highly sought after for their potential to host high-grade, large tonnage PGE deposits p as well as Chromite and Vanadium • The Highbank Lake Complex is geologically similar to th
Slide 14: Exploration Highlights
Exploration Highlights •Several S l llow grade d PGE ““reefs” f ” or llayers h have been intersected in drilling; exploration continues for the main PGE reef. •Numerous chromitite boulders have been found within the property. Chromitite is not only the ore from which chrome metal is produced but is
Slide 15: Highbank Lake up-ice from PGE-elevated till samples
Highbank Lake sits up-ice from a distinct cluster of till samples that are elevated in PGEs DECEMBER 2010
Slide 16: Level of Merensky reef drilling target
Drilling Target Level of Merensky reef DECEMBER 2010
Slide 17: Drill rocks comparable to Bushveld layers
The rocks intersected in drill- holes -01 and 05 from 2007 are very comparable to the layers just above the PGE deposits in the Bushveld Complex p Boulder of chromite-bearing peridotite Platinum in stream sediment sample Nickel in stream sediment sample Abundant chromite in stream sediment sample Nu
Slide 18: Highbank Lake complex compared to Greater London
Outline of Highbank Lake Intrusive Complex compared t the to th size i off Greater G t London L d DECEMBER 2010
Slide 19: 21 drill holes completed at Highbank Lake
• Northern Shield has completed 21 drill holes on the property that were funded by Impala Platinum Ltd of South Africa. • Results from the last drill program suggest close proximity to a Bushveld-style platinum reef. • Northern Shield maintains a 100% interest on vanadium and chromium (subject to a
Slide 20: Wabassi & Max Properties
WABASSI & MAX PROPERTIES . Oe Ring / ntrusive, Comple YER US (0: . id 4 bs. w PA es ae Northepn’Shield® Rreppertitas as EL DECEMBER 2010
Slide 21: Max and Wabassi property ownership
MAX PROPERTY WABASSI PROPERTY 50/50 Joint Venture with Rainy Mountain 100% Northern Shield Royalty Corp Discovery Harbour Res Corp has option to earn 51% Proposed Railway route from Thunder Bay to “Ring of Fire” chromitite deposits DECEMBER 2010
Slide 22: Discovery Harbour option terms
Discovery y Harbour can earn a 51% Interest by: y 1. An Initial Cash payment of $50,000 2. Investing $200,000 at $0.25/share (100 % premium to market) 3. Spending $3.4 M in Exploration Within 2 Years. 4. Issue 100,000 Shares of Discovery Harbour on 1st Anniversary 5 Issue a further 150,000 5. 150 00
Slide 23: 2010 drill program at Wabassi
In the spring of 2010 a 3000 meter drill program was completed at Wabassi W b i followed f ll d bby a second d airborne VTEM survey. The programs resulted in the discovery of: 1) copper-silver-zinc-nickel at the A1 Zone. A1 Zone 2) high grade zinc-copper-silver zinc copper silver in a VMS setting on
Slide 24: A1 Zone intercepts
A1 Zone Main Sulphide Zone Interval A1 Zone Ag Cu (m) 10WA -12 22.00 35.6 g/t 0.48% Incl 6.93 97.4 g/t 1.14% IInterval t l A1 Zone Ag Cu Ni (m) 10WA-10 29.00 12 g/t 0.23% 0.1% Untested EM Anomalies Large EM Anomaly; currently being drill tested DECEMBER 2010
Slide 25: A2 Zone intercepts
Interval A2 Zone Ag Cu Zn (m) 10WA‐07 49.48 31.7 g/t 0.18% 2.25% incl 0.62 8.8 g/t 0.06% 18.80% and 0.8 247.0 g/t 0.17% 0.03% and 0.7 536.0 g/t 0.34% 0.09% and 0.95 138.0 g/t - 0.02% 10WA 13 10WA-13 33 0 33.0 32 0 /t 32.0g/t 0 43% 0.43% 0 55% 0.55% DECEMBER 2010
Slide 26: Strongest and largest VTEM conductor on property
Strongest and Largest VTEM G Geophysical h i l Model M d l off Anomaly A l “E” Conductor C d t on Property P t 70+ Meters Thick Considerable Depth Extent A1 Zone A2 Zone Anomaly “E” DECEMBER 2010
Slide 27: Longitudinal section of Anomaly E
Line 600 S Line 500 S Line 400 S Line 300 S Line 200 S Line 100 S Line 000 S SW NE Surface 100 m 200 m 300 m 400 m 500 m 600 m Anomaly “E” 700 m 0 100 200 meters 800 m Longitudinal Section of Anomaly E based on modeled ground EM results. DECEMBER 2010
Slide 28: Investment highlights
• Discovery of a large layered intrusion at Highbank Lake and Wabassi that is prized for their potential to host significant PGE, nickel i k l and d chromium h i mineralization i li i • Institutional shareholders, management and directors own ~50% of the outstanding shares • Discovery of high-grade
Slide 29: Establishing Canada's footprint in the PGE sector
Until the discovery of the Ekati and Diavik mines,, the global mining fraternity did not consider Canada to be a diamond heavy heavy-weight. weight. Given the very favourable geology and indications on its Highbank Lake, Lake Wabassi and Max properties, and its dedication to grass roots PGE explorat
Slide 30: Ian Bliss, Pres & CEO
Ian Bliss, Pres & CEO 613.232.0459 440 55 Metcalfe Street Ottawa, Ontario K1P 6L5 www. northernshield.com DECEMBER 2010
Slide 31: Forward-Looking Statements Advisory
Forward-Looking Statements Advisory This document contains statements concerning the potential for PGE and other mineralization at Highbank Lake, Max and Wabassi, geological, geophysical, geochemical and geometrical analyses of Highbank Lake, Max and Wabassi (including, without limitation, compariso