Luxembourg, October 26, 2010: Northland Resources S.A. (TSX: NAU, OSE: NAUR,
Frankfurt: NBS - "Northland" or "the Company") announced today that Matti
Kinnunen has been appointed to the Board of Directors. Mr. Kinnunen joined
Carnegie, a leading Scandinavian investment bank, in 1991 and subsequently held
a number of senior positions in Carnegie's head office in Stockholm as well as
in Finland, Norway, Denmark, Luxembourg, the United Kingdom and the United
States. He was Deputy CEO of the Carnegie Group when he left in mid-2008. Mr.
Kinnunen also served as a board member of what is today Nasdaq OMX Nordic Ltd.
from 1996 until 2009. Mr. Kinnunen is presently involved in international
mining projects.
"The Board is delighted that Mr. Kinnunen has joined Northland. He brings to
Northland his vast financial expertise and years of experience in the Nordic
business community, all of which will be very useful as Northland begins the
execution of the Kaunisvaara iron ore project," said Anders Hvide, Northland's
Chairman.
Arden (Buck) Morrow has chosen to resign from the Board of Directors of
Northland. Buck served as Chief Executive Officer of Northland from 2004 until
the end of 2009. He developed the Company from a Canadian junior exploration
company to where Northland is today, on the verge of constructing its first iron
ore project in Sweden.
"The Board of Directors and Management of Northland would like to express their
deep appreciation to Buck for his leadership and vision. We wish him health and
success in his future endeavours," said Anders Hvide, Northland's Executive
Chairman.
ON BEHALF OF THE BOARD
"Karl-Axel Waplan"
President & CEO
Northland Resources S.A.
For more information, please contact:
Karl-Axel Waplan, President and CEO:Â +46 705 104 239
Anders Hvide, Executive Chairman:Â +47 92 88 98 58
Our visit our website: www.northland.eu
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1455241]
Press release PDF:
http://hugin.info/137015/R/1455241/395234.pdf
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Source: Northland Resources S.A. via Thomson Reuters ONE
