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EDMONTON, ALBERTA--(Marketwire - Dec. 30, 2010) -



THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.


Northern Tiger Resources Inc. ("Northern Tiger" or the "Company") (TSX VENTURE:NTR) is pleased to announce that, subject to final TSX Venture Exchange acceptance, it has closed a non-brokered private placement of 5,202,500 units ("Units") at a price of $0.35 per Unit and 4,493,500 common shares issued as "flow-through shares" under the Income Tax Act (Canada) ("FT Shares") at a price of $0.40 per FT Share for aggregate gross proceeds of $3,618,275 (the "Offering"). Each Unit consisted of one common share of Northern Tiger ("Common Share") and one-half of one transferable share purchase warrant ("Warrant"). Each whole Warrant will entitle the holder thereof to purchase one Common Share for a price of $0.45 for a period of twenty-four (24) months from the date of issuance. The Offering closed in two tranches on December 22, 2010 and December 24, 2010.



"We are very pleased with the investment community's strong reaction to our over-subscribed private placement," says Greg Hayes, President of Nothern Tiger. "The results of our initial exploration program at 3Ace were very encouraging, and the private placement proceeds combined with our current cash resources means we are now fully funded to carry out an aggressive 2011 follow-up exploration program."



The FT Shares and Units were sold to qualified purchasers in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The net proceeds from the Offering will be used primarily for exploration on the 3Ace Property in the southeast Yukon. The FT Shares, the Common Shares and Warrants comprising the Units and Common Shares issuable upon exercise of the Warrants are subject to a four (4) month restricted period.


In connection with the private placement and in accordance with regulatory requirements, the Company paid certain arms-length parties an aggregate of $211,573 cash and granted an aggregate of 564,620 non-transferable share purchase warrants ("Finder's Warrants") to acquire 564,620 Common Shares. The Finder's Warrants are exercisable at a price of $0.45 for a period of twenty-four (24) months from the date of issuance.


The TSX Venture Exchange has conditionally accepted the Offering and finder's fees.


Northern Tiger Resources Inc. is a Canadian-based resource exploration company focused on the rapidly developing Dawson Range gold-copper mining district in the Central Yukon. Through its exploration alliance with Capstone Mining Corp.'s wholly owned subsidiary, Minto Explorations Ltd., Northern Tiger benefits from a wide range of experience, knowledge and capabilities from early exploration to mine production.