GOGL – Mandatory Notification of Trade

April 13, 2010 Northland Resources S.A. (Northland) reports the following:

Mr. Arden “Buck” Morrow has exercised 136,000 incentive stock options at an exercise price of CDN 0.45 per option, and 114,000 incentive stock options at an exercise price of CDN 0.55 per option. Mr. Morrow has subsequently sold 250,000 shares of Northland at an average price of NOK 19.50 per share. Mr. Morrow’s close associate Jane Morrow, has sold 6,000 shares of Northland, at an
average price of CAD 3.29 per share. After this transaction, Mr. Morrow holds 1,965,000 incentive stock options and, along with his close associate Jane Morrow, holds 103,100 shares of Northland.

Mr. William Wagener has exercised 35,000 incentive stock options at an exercise price of CDN 0.55 per option and 25,000 incentive stock options at an exercise price of CDN 1.00 per option. Mr. Wagener has subsequently sold 60,000 shares of Northland at an average price of NOK 19.50 per share. After this transaction, Mr. Wagener holds 940,000 incentive stock options and 65,000 shares
of Northland.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

[HUG#

Source: Millistream

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