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 Tue Mar 15, 2005
New Gold Zone Discovered at Haveri, Follow-up Drilling to Begin Immediately

 VANCOUVER, BRITISH COLUMBIA - March 15, 2005 - Northern Lion Gold Corp. (TSX VENTURE:NL)

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Northern Lion Gold Corp. (the "Company") reports that it has identified a new zone of gold mineralization, hosted by strongly silicified rocks, located to the west of the Haveri open pit. This discovery results from recent drilling and ongoing analysis of extensive rock (core) geochemical data.

The new mineralization, identified to date by two sets of drill holes approximately 300m apart, is of a style not previously observed at Haveri., and suggests a new geological model for the property. Drilling will resume immediately to further investigate the potential of this discovery.

The Company has now completed 16,062.65 meters of diamond drilling in 59 holes since acquiring the Haveri Project, located in southwestern Finland. In addition, it has completed extensive geophysical work and technical analysis with a view to establishing a structural and geochemical understanding of the regional mineralized systems present at Haveri.

Recent Results:

The following table presents salient gold assay data from the most recently completed ten diamond drill holes. Seven of these holes were drilled within the area of the Haveri Mine, in the Mine West Zone (one hole/448.50m), the Southwest Copper Zone (one hole/160.70m) and the Tombstone Zone (five holes/1139.00m), to follow-up significant mineralized intercepts encountered during earlier work by the Company. The three "ER" holes (441.50m) were located at Eronen, approximately two km south of the Haveri open pit, and were designed to test magnetic and HLEM targets identified by ground geophysical surveying in September and October, 2004:

HOLE MW-02 (Mine West Zone):
---------------------------------------------------------------
          From (m)       To (m)   Interval (m)   Grade (gr Au/t)
---------------------------------------------------------------
           284.00       294.50          10.50              5.26
---------------------------------------------------------------
Including  287.00       290.00           3.00             15.43
---------------------------------------------------------------
           319.00       362.50          43.50              1.30
---------------------------------------------------------------
           403.50       413.00           9.50              1.66
---------------------------------------------------------------

NOTE: MW-02 (-55 degrees) is located 33.0 m to the south of MW-01 (-60 degrees) and40.0 m to the north of MW-03 (-62 degrees) and MW-09 (-67 degrees); all four holes were drilled to the east.

HOLE TS-04 (Tombstone Zone):
---------------------------------------------------------------
          From (m)       To (m)   Interval (m)   Grade (gr Au/t)
---------------------------------------------------------------
            64.00        83.00          19.00              3.27
---------------------------------------------------------------
Including   64.00        67.00           3.00              8.79
---------------------------------------------------------------
Including   80.00        83.00           3.00             10.86
---------------------------------------------------------------
           151.40       192.00          40.60              2.36
---------------------------------------------------------------
Including  153.10       162.75           9.65              5.43
---------------------------------------------------------------
Including  160.00       162.75           2.75             13.16
---------------------------------------------------------------
           233.50       240.30           6.80              1.97
---------------------------------------------------------------

HOLE TS-03 (Tombstone Zone):
---------------------------------------------------------------
          From (m)       To (m)   Interval (m)   Grade (gr Au/t)
---------------------------------------------------------------
           112.20       154.00          41.80              2.36
---------------------------------------------------------------
Including  127.50       129.00           1.50             24.05
---------------------------------------------------------------

HOLE TS-05 (Tombstone Zone):
---------------------------------------------------------------
          From (m)       To (m)   Interval (m)   Grade (gr Au/t)
---------------------------------------------------------------
           137.50       139.50           2.00              3.26
---------------------------------------------------------------
           209.30       222.30          13.00              1.67
---------------------------------------------------------------

HOLE TS-01 (Tombstone Zone): Isolated values greater than 1.00 gr Au/t; maximum 5.42 gr Au/t.

HOLE TS-02 (Tombstone Zone): Isolated values greater than 1.00 gr Au/t; maximum 4.39 gr Au/t.

HOLE SW-06 (Southwest Copper Zone):
---------------------------------------------------------------
          From (m)       To (m)   Interval (m)   Grade (gr Au/t)
---------------------------------------------------------------
            99.50       103.00           3.50              8.10
---------------------------------------------------------------

HOLES ER-01, ER-02 and ER-04 (Eronen Area): All values less than 0.1 gr Au/t.

NOTE: All intercepts are down-hole widths; true widths will be determined upon completion of additional drill holes and updated drill sections.

Discussion:

Work completed to date west of the mine area indicates that certain of the Mine West (eg: MW-01, MW-02, MW-03, MW-09) and Tombstone (eg: TS-03, TS-04) drill holes have encountered a zone(s?) of compact, pervasive, medium grey silicification/quartz veining over core lengths ranging from approximately 20m to 100m, at vertical depths varying between 130m and 300m.

This silicification is often accompanied by significant gold mineralization which, at least in part, is expressed as fine-grained metallic gold. Streaks and bands of sulphides (pyrite, pyrrhotite, chalcopyrite) have also been noted. At present, silicification has been observed in drill holes, from MW-01 in the north to TS-03 in the south, a horizontal distance of some 300m. Limited observations suggest that this zone lies structurally beneath rocks exhibiting a distinct geochemical signature (U, Mo, Ni, As, Pb, Ba, Th, Sb, W, Zn) that is associated with the Haveri Mine type of copper-gold (silver) mineralization in pyritic sulphides.

This recently-recognized relationship is thought to be significant to an understanding of Haveri. Diamond drilling (2000m) is expected to commence on March 14, to follow-up the mineralization recently encountered at Tombstone and to test exploration targets identified as a result of interpretation of airborne geophysical and rock (core) geochemical data.

Quality Control/Quality Assurance:

All field activities in Finland, including diamond drilling, are supervised by Henrik Wik, M.Sc. (Geology and Mineralogy), a Finnish citizen, under the direction of John R. Fraser, P.Geo. (BC), the Company's Vice President, Exploration, Northern, a "Qualified Person", as defined by National Instrument 43-101. Core samples are analysed for gold by Activation Laboratories Ltd. of Ancaster, Ontario, using fire-assay with geochemical finish on a 30 gram sub-sample. For details of the ongoing Quality Control / Quality Assurance program for this project, the reader is referred to a Company news release dated May 26, 2004.

About Haveri

The Haveri Project comprises the Haveri and Ansomaki claims which encompass approximately 867 ha. On completion of an agreement announced on October 5, 2004, Northern Lion will own 100% of both claims. Occurrences of gold and copper mineralization, including the Haveri Mine, a past producer, are hosted by altered mafic and felsic volcanic and volcaniclastic rocks of the early Proterozoic Tampere Schist Belt, over an area at least 1.5 km by 2.0 km. The claims are located 175 km north of Helsinki, in Finland, a mining- friendly and infrastructure-rich member of the European Union.

NORTHERN LION GOLD CORP.

John Lando, President


-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Northern Lion Gold Corp.
John Lando
President
(604) 669-2701 or Toll Free: 1-800-663-0510
(604) 687-4670 (FAX)
or
Northern Lion Gold Corp.
Don Flahiff
(604) 669-2701 or Toll Free: 1-800-663-0510
(604) 687-4670 (FAX)
info@northernliongold.com
www.northernliongold.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
 
 

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