Trillium Extends Term of Previously Issued Warrants

TRILLIUM NORTH MINERALS LTD.

500 – 20 Maud Street, TORONTO Ontario, CANADA M5V 2M5 Telephone: (416) 504-0077 Fax: (416) 504-6019

402 – 905 West Pender Street, VANCOUVER British Columbia, CANADA V6C 1L6 Telephone: (604) 681-1909 Fax: (604) 689-5930

January 16, 2012 NEWS RELEASE TSX-V Symbol: TNM

Trillium Extends Term of Previously Issued Warrants

Trillium North Minerals Ltd. (the “Company”) announces that on December 30, 2011 and January 4, 2012 respectively, it received acceptance from the TSX Venture Exchange to extend the term of previously issued Warrants by one year as follows:

• Warrants issued January 5, 2010 to purchase 2,000,000 shares at $0.10 per share from January 5, 2010 until January 4, 2012, extended to expire January 4, 2013.
• Warrants issued May 12, 2011 to purchase 4,278,643 shares at $0.10 per share from May 12, 2011 until May 11, 2013, extended to expire May 11, 2014.

Other than these one year extensions to the expiry dates of the above Warrants, all other provisions will remain the same.

ON BEHALF OF THE BOARD

“Elliot Strashin”

Dr. Elliot Strashin, President

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 release.