NL Northern Lion Gold Corp

Northern Lion Gold Corp. (TSX VENTURE:NL)(FRANKFURT:N3E) (the "Company" or
"Northern Lion") wishes to announce the commencement of a diamond drill program
on the Company's 100% owned Moura Licence, located in southern Portugal. The
46.75 square kilometre Moura licence is located 180 kilometres east-southeast of
Lisbon. The licence encompasses two historical deposits (Enfermarias and
Preguica), and 11 known mineral occurrences, within a 25 kilometre
lead-zinc-silver belt.


In November of 2010, Northern Lion completed a four diamond drill hole program
at the Machados area. The third hole (MA-03) intersected 12.8 metres of
disseminated, semi massive and massive sulphide mineralization between 162 and
174.8 metres. The sulphides are hosted by a fine grained variably chloritic and
silicified volcanic tuff representing a Volcanogenic Hosted Massive Sulphide
(VHMS) style mineralization that had not previously been recognized in this
area. With the discovery in hole MA-03, a fourth hole (MA-04) was added to the
program, located 125 metres to the northwest, and it encountered the mineralized
zone between 167 and 175 metres, with a 0.8 metre interval from 174.2 to 175
metres, that returned 3.5% zinc, 0.6% lead, and 0.47 grams per tonne ("g/t")
gold. Drill hole MA-02 (300 metres SE) was initially stopped in the overlying
dolomite horizon as the presence of the deeper volcanic unit was unknown at that
time. The Company then moved the drill rig back onto the MA-02 to deepen the
hole and the same favourable horizon was intersected, although the
mineralization was weaker. 


The sulphide mineralization is hosted in volcanic tuffs and consists of
disseminated to massive bands of pyrite and sphalerite with minor galena. Thin
bands of chert and exhalite are present within the volcanic sequence, indicating
a quiet depositional environment conducive to sulphide accumulation. The most
significant results from MA-03 are as follows: 5.4 metres from 164.3 to 169.7
metres of 1.01% zinc including 2.5 metres from 166.5 to 169.0 metres of 1.66%
zinc. 


Although the grade of the mineralization encountered is low, this is typical of
the more distal portions of a VHMS system. The mineralized zone occurs at the
upper contact of a sequence of tuffs and black shales with the overlying
dolomites. Chalcopyrite, pyrrhotite, arsenopyrite, quartz veins and veinlets
were encountered higher in the holes in a sequence of black shales with minor
tuffs. A 0.5 metre interval from 57.6 to 58.1 metres in hole MA-03 returned
values of 1.73% copper, 34.3 g/t silver and 0.13 g/t gold. 


Machados is located approximately 3 kilometres south of the Enfermarias deposit.
This deposit was discovered by the Portuguese government exploration authority
in the 1980's where they drilled the 13 holes on 200 metre centres, 11 of which
intersected mineralization. In 2008, Northern Lion drilled four holes into the
Enfermairas area (reported March 18, 2008 and May 14, 2008), the most
significant intersection was 16.5 metres that returned 1.3% copper and 3.1
metres of 1.4% copper. The style of mineralization intersected in 2008 at
Enfermarias is very similar to what was discovered in Machados area. 


In 2011, the Company expanded the ground magnetic survey by connecting the
existing survey at Machados and extending it north to encompass the Enfermarias
deposit. Several drill targets have been selected, and the first drill hole is
currently underway.


Quality Control and Assurance

Joan McCorquodale, P.Geo, a consultant to the Company and a "qualified person"
as defined by National Instrument 43-101, is responsible for the Moura Portugal
projects' technical content of this news release.


About Northern Lion

Northern Lion Gold Corp. is a Canadian mineral exploration company, listed on
the TSX Venture Exchange and the Frankfurt Exchange. The Company is committed to
building a strong portfolio of projects within mining-friendly and
infrastructure-rich areas of Europe.


In addition to the Company's 100% interest in the Moura licence in Portugal, the
Company holds several exploration permits in the Republic of Cyprus. 


NORTHERN LION GOLD CORP.

John Lando, President

This news release includes "forward-looking information", as such term is
defined in applicable securities laws. The forward-looking information includes,
without limitation, the success of exploration activities and other 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.

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