MANDATORY NOTICE OF TRADE

April 13, 2011   The following insiders of Northland Resources S.A. (the "Company") have been granted incentive stock options in the Company, exercisable for five years, at an exercise price of CAD 3.84.  The exercise price was based on the average 10 day closing price of the Company's shares on the Toronto Stock Exchange, plus a 25% premium. +---------------------+---------------+------------------+---------------------+ | | | |Shares Held, Directly| |Name |Options Granted|Total Options Held|and Indirectly | +---------------------+---------------+------------------+---------------------+ |  |  |  |  | +---------------------+---------------+------------------+---------------------+ |Anders Antonsson, VP |150,000 |150,000 |0 | |- Investor Relations | | | | +---------------------+---------------+------------------+---------------------+ |Jukka Jokela, VP - |150,000 |325,000 |0 | |Finnish Operations | | | | +---------------------+---------------+------------------+---------------------+ |  |  |  |  | +---------------------+---------------+------------------+---------------------+ This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Northland Resources S.A. via Thomson Reuters ONE [HUG#1505946]