SHARE CAPITAL CHANGES

March 31, 2011  Northland Resources S.A. reports that during March
2011, 287,500 shares were issued with respect to the exercise of incentive stock
options.  There are now 225,183,899 common shares issued and outstanding,
representing 225,183,899 voting rights. There are 9,700,000 incentive stock
options outstanding.  The fully diluted share capital is 234,883,899 common
shares.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.






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Source: Northland Resources S.A. via Thomson Reuters ONE

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Unternehmen: Northland Resources S.A. - ISIN: LU0488722801