NFE

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE U.S.

Northern Iron Corp. ("Northern Iron") (TSX VENTURE:NFE) today released assay
results for the second set of 3 drill holes on the Karas property. The drill
holes reach the southern end of the iron formation, which is still open towards
the north and at depth. Magnetite mineralization is consistent between drill
holes and shows good correlation, including 12 metres grading 46.17% Fe2O3.


To date, 17 drill holes have been completed out of the 30 planned drill holes
(approximately 10,000 metre program) on the Karas property.


"The results of these three holes, together with the data from the first two
holes released on 6th September exceed management's expectations for the Karas
property. The current high grades that are being intersected and previously
conducted geophysics would indicate that Karas has excellent potential as a
minable target," said Basil Botha, President & CEO.


Highlights of the reported holes are summarized in the table below. 



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Hole KA-11-04                                                          
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                         From            To      Interval        Fe2O3%
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                            5           130           125         30.52
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including                48.8         80.45         28.05         31.84
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and                                                                    
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                        85.25           118         32.75         35.32
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and                                                                    
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                        138.2        163.55          23.7         30.79
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including               161.9        163.55           4.2         39.65
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Hole KA-11-05                                                          
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                         From            To      Interval        Fe2O3%
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                         2.79          12.7          9.91         30.30
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and                      16.3          23.6           7.3         34.45
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and                      35.3          94.9          59.6         29.85
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Hole KA-11-06                                                          
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                         From            To      Interval        Fe2O3%
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                           35          98.8          63.8         26.35
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including                  75            96            21         33.84
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and                                                                    
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                        137.2         168.9          31.7         31.73
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including                 140           149             9         38.67
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and                                                                    
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                          177           227            50          36.7
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including                 183           216            33         41.39
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including                 189           201            12         46.17
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and                                                                    
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                          246           269            23         29.71
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                          289         320.6          31.6          30.3
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including               299.9         320.6          20.7         33.06
-----------------------------------------------------------------------
- true thickness yet to be determined.                                      



The drill hole section containing holes KA-11-01, 02, 03, 04, 05, 06, 13, 13R
and 14 is oriented 160 degrees (southeast) and drill holes start with a 50
degree angle dip. 


Click on this link to see the drill hole section:
http://www.northernironcorp.com/sites/default/files/section1.pdf (9 MB)


As interpreted from the drill hole section, the ore body is still open on the
northern end and its true thickness exceeds 350m, dipping between 70 and 80
degrees towards the northwest. Magnetite mineralization starts right at surface
in the majority of the drilled holes, with a maximum overburden thickness of
less than 5 metres. The iron formation shows minor schist beds interbedded with
the magnetite rich banded iron formation (BIF), and ends sharply in migmatitic
schist towards the southern end. 


Holes 13 (abandoned at 158.25m after experiencing pad sinking due to swampy
area), 13B (13 repeated) and 14 indicate after a visual inspection of the core,
the continuity of the magnetite mineralization towards the north and at depth.
Holes 13, 13b and 14 are still collared in magnetite ore and assay results are
yet to come. Hole Ka-11-14 ends in magnetite mineralization after a total
drilled length of 475m (or 300m below surface).


Holes are drilled as perpendicular as possible to the ore body, but folding
prevents reporting of true thickness at this stage of the drill program.


Karas property QA/QC

All 2011 drill holes were surveyed using a Reflex Maxibor II probe to monitor
drill hole deviations in magnetic disturbed environments. Northern Iron's
personnel were trained "on-site" by Reflex personnel to operate the instrument
and process the survey data. All collars are surveyed by Northern Iron's
personnel using an APS differential GPS with 3cm accuracy immediately after the
holes are completed. The QA/QC protocol system employed during the 2011
exploration program included procedures for monitoring the chain-of-custody of
samples and the insertion of blank samples in every batch of samples.
Cross-check analyses are planned to be conducted at a second external laboratory
from blind duplicate samples. Drill core samples are being prepared at SGS
Canada Inc. in Red Lake, Ontario and assayed at SGS Canada Inc., in Lakeview,
Ontario. 


Raul Sanabria, P. Geo., is the Qualified Person for the purposes of National
Instrument 43-101 for the Karas Exploration Project. Mr. Sanabria has verified
and approved the contents of this news release.


ABOUT NORTHERN IRON

Northern Iron is a mineral resource company engaged in reviving a past producing
iron mine and concurrent exploration of high quality iron ore resources in the
Red Lake mining division, district of Kenora, Ontario, Canada.


Northern Iron holds 100% interest in minerals claims covering approximately
14,672 hectares, comprised of the El Sol Property, the past producing Griffith
Property, the Karas Property, the Papaonga Property and the Whitemud-Slate
Property. 


The Griffith Mine owned at the time by Stelco, produced 78.8million tonnes of
iron ore for conversion to pellets and DRI from 1968-1989. Total magnetic iron
recovery was 86.26%.


The Red Lake area is accessible year round by Highway 105, which joins the Trans
Canada highway at Vermillion Bay, 175 km south and 100 km east of Kenora.
Commercial air services operate to Red Lake from Thunder Bay, Ontario and
Winnipeg, Manitoba.


Cautionary Statement

The foregoing information may contain forward-looking statements relating to the
future performance of the Company. Forward-looking statements, specifically
those concerning future performance, are subject to certain risks and
uncertainties, and actual results may differ materially from the Company's plans
and expectations. These plans, expectations, risks and uncertainties are
detailed herein and from time to time in the filings made by the Company with
the TSX Venture Exchange and securities regulators. The Company does not assume
any obligation to update or revise its forward-looking statements, whether as a
result of new information, future events or otherwise.

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