20 Vancouver announces Company (t will consist such warran The Compa Units at th e (“Finder’s W Warrant will $0.50 for ei regulatory a The proceed of gold–cop capital. About Nort Northern Li Exchange a projects with

NOT FOR R DISTRIBUTIO ON TO U.S. NE EWSWIRE SER RVICES OR F FOR DISSEMIN NATION IN THE E UNITED STA ATES

Northern Lion An nnounces s $2,500,000 Priva ate Place ement

April 12, 2011 TSX-V Sym mbol: NL Fra ankfurt Symb bol: N3E

hern Lion" or the "Company")

Vancouver, British C

Columbia: N Northern Lio on Gold Co orp. ("North announces that it has arranged a non-brokered private p placement o of up to 5,5 555,555 unit ts of the Company (t the “Units”) a at a price of f $0.45 per U Unit for gros ss proceeds of up to $2,500,000. Ea ach Unit will consist of one comm mon share a and one-half f of one com mmon share e purchase w warrant (eac ch whole such warran nt, a “Warra ant"). Each Warrant will entitle the holder to p purchase an additional c common 5 for a period of twelve m share at a p price of $0.55 months from m the closing g date.

any will pay a finder’s fe The Compa ee equal to 7% of the g gross proce eeds raised, payable in cash or ferable common share purchase w Units at the e option of the finders s, and issue e non-transf warrants ed for. Each Finder’s (“Finder’s W Warrants”) in the amount t equal to 8% % of the num mber of Unit ts subscribe re of the Company at a price of Warrant will entitle the finder to purchase an a additional co ommon shar $0.50 for eighteen mon nths from the e closing da ate. The fina ancing is sub bject to rece eipt of all ne ecessary regulatory a approvals.

ation on the Company’s portfolio The proceed ds of the priv vate placem ment will be u used to conti inue explora Cyprus, and for general working of gold–copper massive e sulphide an nd shear targets in the R Republic of C capital.

About Nort thern Lion

Northern Lion Gold Co orp. is a Ca anadian mineral explora ation compa any, listed o on the TSX Venture Exchange a a strong portfolio of and the Fran nkfurt Excha ange. The C Company is committed to building a e-rich areas of Europe.

projects with hin mining-fr riendly and infrastructure

In addition to its explo oration perm mits in Cypru us, the Com mpany holds s a 100% in nterest in its s Moura Licence in Portugal an nd a 100% interest in a a project in the historic c Bergslage en mining district of southern Sw weden.

NORTHERN N LION GOL LD CORP.

John Lando o, Presiden nt

orthern Lion or the cont contact For informa ation with re espect to No tents of this s news relea ase, please John Land do or Don Flahiff at (604) 669 9-2701, toll l free at 1-800-663-0 0510, or e email to info@northe ernliongold.c com or visit t the web site at www.nor rthernliongol ld.com.

The Units have n not been registered under the Un nited States Secu urities Act of 193 33, as amended (US Securities A Act), and may not be offered or sold in the U United States ab bsent registration n or an applicab ble exemption fro om registration r requirements. T This news releas se does not constitute an off fer to sell or a sol licitation of an of ffer to buy such U Units in any jurisd diction in which s such an offer or s sale would be un nlawful.

This news relea ase includes "fo orward-looking in nformation", as such term is d defined in applic cable securities laws. The forw ward-looking information inclu udes, without lim mitation, the success of explorat tion activities, th he ability of the Company to complete financing g and other

P.O. BOX 11604, SUIT TE 620 – 650 WE EST GEORGIA S STREET, VANCO OUVER, BRITISH COLUMBIA, C CANADA V6B 4N N9 TE ELEPHONE: (604) 669-2701 FAX X: (604) 687-467 70 www.northern nliongold.com

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similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking information is inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among others, risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; the need to comply with environmental and governmental regulations; potential defects in title to the Company's properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; and other risks and uncertainties. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and, except as required by law, the Company is under no obligation to update or alter any forward-looking information.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE