Northland Resources Operational Update-March 2013

Northland Resources Operational Update-March 2013 
LUXEMBOURG, LUXEMBOURG -- (Marketwire) -- 03/22/13 -- Northland
Resources S.A. (OSLO:NAUR)(FRANKFURT:NPK)(OMX:NAURo) ("Northland" or
"the Company") announces its seventh bi-monthly operational and
construction update on the Kaunisvaara project. During this period,
January 24, 2013 - March 22, 2013, Northland has amongst other things
shipped its first iron ore concentrate to end customer Tata Steel. 

--  First shipments of concentrate left the Port of Narvik on February 25,
--  The first Kaunisvaara process line in hot commissioning/production 
--  Logistics chain proven solid and is operating as planned 
--  The permanent storage building in Narvik has been completed and is
    operational. The building can store up to 210,000 tonnes of iron ore
    concentrate and is a vital part in the efficient loading of the
    Company's product 
--  The Company plans to produce 1.5 dmt(1) in 2013 and to reach the
    production capacity of 4.0 dmtpa(2) at the beginning of third quarter of
--  Due to the current financial situation and the ongoing reorganization of
    Northland's three Swedish subsidiaries, the Company has as a first step,
    re-phased its capital investment program to a level to better meet its
    current cash flow. The Company has agreed with its bondholders for
    additional short-term funding to maintain the present operations. The
    assessment is that this re-phasing will not have any material impact on
    the Company's long-term production plan. For more details, please refer
    to Unaudited Year-End and Q4 2012 Report published on February 26, 2013
    and subsequent press releases 


--  The first Kaunisvaara process line in hot commissioning/production 
--  The second Kaunisvaara process line has progressed 65% of the assigned
    time plan  


--  Commissioning is close to completion 
--  Northland is currently producing approximately 2,500 tonnes of iron ore
    concentrate per day 
--  The quality of the product is well in line with planned specifications 
--  Northland has on March 22, 2013 in total produced more than 123,000
    tonnes of iron ore concentrate 


--  The logistics chain is operating as planned. Approximately 81,000 tonnes
    of iron ore concentrate have been transported to Narvik 
--  The rented box cars will be used until the arrival of the specially
    designed railcars from Kiruna Wagon 
--  To date 26 railcars have been manufactured according to Northland
--  55,000 tonnes of iron ore concentrate has been shipped out of the Port
    of Narvik 
    --  About 55,000 tonnes of concentrate was loaded onboard the first
        vessel and shipped to Northland's off-take partner Tata Steel on
        February 25, 2013. The vessel arrived at IJmuiden, the Netherlands,
        on March 2, 2013 
    --  The second ship is expected to load 55,000 tonnes of iron ore
        concentrate and to arrive in Narvik at the end of March, 2013 

Pitkajarvi trans-loading terminal 

--  The Pitkajarvi trans-loading terminal is now fully operational 

The Port 

    --  The temporary loading facilities, that are used awaiting the
        completion of the new ore terminal at Narvik, is operational. The
        terminal is operated by Grieg Logistics AS 
    --  Construction of the permanent Fagernes Terminal remains on schedule
        and is expected to be completed in August, 2013 
        --  Construction of the storage building is completed 
        --  One out of two boom stackers has been delivered 
        --  Quay construction expected to be complete end of March, 2013 
        --  The next important milestone is the unloading facilities,
            expected to be operational in July 2013 
        --  Ship-loader is expected to be erected in June, 2013 and
            operational by August, 2013 

Health & Safety  
Lost Time Injury Frequency Rate ("LTIFR") according to the Swedish
standard(3) from the end of February 2012 until end of February 2013
was 3.10 (3.18 for the previous period that ended December 31).  
The corresponding number according the international standard(4) for
the same period was 0.50 per 200,000 worked hours (0.52 for the
previous period that ended December 31). 
There was one LTIFR incident reported for both the International and
Swedish standards during this period, January 1-February 28 (November
1-December 31: one).  
A total of 52 near hits were reported for the same period (previous
two-month period: 40).  
Pellivuoma is located approximately 15 km west of Sahavaara. The
Company controls 100% of the exploration permit, which totals 11,346
hectares. The deposit constitutes potentially significant additional
tonnage in the Kaunisvaara area. 
The DFS report for the Pellivuoma deposit is expected to be published
shortly after a long term financial solution has been secured. 
The recruiting process of operators to new mining machines is
ongoing, as well for the planning department (surveyors, planner,
mine engineer and sampler for drill cuttings). 
Next Operational Update  
The eight issue of Operational Update is expected to be published on
May 30, 2013. 
Financial Statements and MD&A for the first quarter 2013  
The Company will publish its Financial Statements and Management's
Discussion and Analysis for the period ending March 31, 2013, on May
8, 2013. 
To view the images associated with this release, please visit the
following link: 
Additional photos and video clips are available on Northland
Resources' website, 
Karl-Axel Waplan, President & CEO, Northland Resources S.A. 
Northland is a producer of iron ore concentrate, with a portfolio of
production, development and exploration mines and projects in
northern Sweden and Finland. The first construction phase of the
Kaunisvaara project is complete and production ramp-up started in
November 2012. The Company expects to produce high-grade,
high-quality magnetite iron concentrate in Kaunisvaara, Sweden, where
the Company expects to exploit two magnetite iron ore deposits,
Tapuli and Sahavaara. Northland has entered into off-take contracts
with three partners for the entire production from the Kaunisvaara
project over the next seven to ten years. The Company is also
preparing a Definitive Feasibility Study ("DFS") for its Hannukainen
Iron Oxide Copper Gold ("IOCG") project in Kolari, northern Finland
and for the Pellivuoma deposit, which is located 15 km from the
Kaunisvaara processing plant. 
Important Notice 
Forward-Looking Statements  
This announcement may include "forward-looking" statements within the
meaning of applicable securities laws. These forward-looking
statements can be identified by the use of forward-looking
terminology, including the terms "believes", "estimates",
"anticipates", "expects", "intends", "may", "will" or "should" or, in
each case, their negative, or other variations or comparable
terminology. These forward-looking statements include all matters
that are expectations concerning, among other things, Northland
Resources results of operations, financial condition, liquidity,
prospects, growth, strategies and the industry in which it operates.
By their nature, forward-looking statements involve risks and
uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future. Readers are
cautioned that forward-looking statements are not guarantees of
future performance and that Northland Resources' actual results of
operations, financial condition and liquidity, and the development of
the industry in which it operates may differ materially from those
made in or suggested by the forward-looking statements contained in
this press release. In addition, even if Northland Resources' results
of operations, financial condition and liquidity, and the development
of the industry in which Northland Resources operates are consistent
with the forward-looking statements contained in this press release,
those results or developments may not be indicative of results or
developments in subsequent periods.  
(1) Dry million tonnes  
(2) Dry million tonnes per annum 
(3) Lost Time Injury Swedish standard as adopted by SveMin members:
Absence of one shift or more from regular duty following the
accident. Reference period: 1 million worked hours. 
(4) International Lost Time Injury definition: Absence of three
shifts or more from regular duty following the accident. Reference
period: 200,000 worked hours.
Northland Resources S.A.
Karl-Axel Waplan
President and CEO
+46 705 104 239 
Northland Resources S.A.
Eva Kaijser
+46 709 320 901 
Northland Resources S.A.
Anders Antonsson
Vice President - Investor Relations
+46 709 994 970
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