NEMI Announces its Intention to Renew a Normal Course Issuer Bid

VANCOUVER, May 20, 2011 /CNW/ --
VANCOUVER, May 20, 2011 /CNW/ - NEMI Northern Energy & Mining Inc. (TSX:
NNE.A) announces that it is renewing its normal course issuer bid.
Under the bid, which will be conducted pursuant to the rules of the
Toronto Stock Exchange ('TSX'), the Company may purchase up to
2,747,081 of its Class A common shares (the 'Common Shares')
representing approximately 5% of the Company's Issued and outstanding
Common Shares.

The bid will now commence May 26, 2011 and will expire May 25, 2012 or
such earlier date as the Company may complete its purchases. The price
at which the Company will purchase its shares will be the market price
thereof at the time of acquisition. Purchases of Common Shares will be
made in the open market through the facilities of the TSX. The Company
may purchase a daily maximum of 15,298 Common Shares. Common Shares
acquired by the Company will be cancelled, except for up to 283,334
Common Shares which will be held for the sole purpose of being issued
upon the valid exercise of stock options under the Company's Incentive
Stock Option Plan. The Company has 55,492,301 Common Shares issued (of
which 54,941,635 are issued and outstanding) as of May 5, 2011. During
the previous 12 months, the Company acquired 1,746,178 of its Common
Shares at an average price of $0.80 per share by way of a normal course
issuer bid.

As with the shares acquired during the previous 12 months by way of
normal course issuer bid, the Board of Directors of the Company
believes that the current market price of the Common Shares may not
fully reflect the value of the Company's business and its future
business prospects. As a result, the Board has concluded that the
purchase of the Common Shares may represent an appropriate and
desirable use of the Company's funds and further enhance market
stability.

This document may contain statements about expected or anticipated
future events and financial results that are forward-looking in nature
and as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, the regulatory
process and actions, technical issues, new legislation, competitive and
general economic factors and conditions, the uncertainties resulting
from potential delays or changes in plans, the occurrence of unexpected
events, and the Company's capability to execute and implement its
future plans. Actual results may differ materially from those projected
by management. We seek safe harbour.

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Michael Cooney
Director
NEMI Northern Energy & Mining Inc.
(T) 604 684-1554
(T) 415 339-8825
E-mail: mcooney@nemi-energy.com