NHD Northern Hemisphere Development (Tier2)

Northern Hemisphere Development Corp. (TSX VENTURE:NHD) successfully closed the
second tranche of a private placement, this tranche consisting of the sale of
350,000 units at $0.10 per unit. Each unit consisted of one "flow-through"
common share and one-half of a share purchase warrant. Each whole warrant
entitles the holder to purchase one additional common share at a price of $0.15
until January 6, 2010. The proceeds raised will be used to fund Northern
Hemisphere's 2009 exploration and development activities. All of the securities
issued in connection with the closing of the second tranche are subject to a
hold period until May 7, 2009.


Northern Hemisphere currently has four Halfway natural gas wells on production
in the Trutch Property of northeast British Columbia. Trutch is situated
approximately 200 kilometres northwest of Fort St. John in a prolific natural
gas producing region.


The stable production, cash flow and long-life reserves of the Halfway wells
gives Northern Hemisphere a strong foundation with low risk and repeatable
development drilling locations. Future development of the Halfway Formation will
provide steady growth and the flexibility to explore additional zones of
potential within the Trutch Property, as well as new opportunities.


The experienced team of oil and gas professionals at Northern Hemisphere is
committed to creating shareholder value through focused exploration, development
and acquisitions.


NORTHERN HEMISPHERE DEVELOPMENT CORP.

Don Simmons, President & CEO

Forward Looking Statements

This news release contains "forward-looking statements" that are based on
Northern Hemisphere's current expectations, estimates, forecasts and
projections. These forward-looking statements include statements regarding
Northern Hemisphere's outlook for our future operations, plans and timing for
the commencement or advancement of exploration and development activities on our
properties, and other expectations, intention and plans that are not historical
fact. The words "estimates", "projects", "expects", "intends", "believes",
"plans", or their negatives or other comparable words and phrases are intended
to identify forward-looking statements. Such forward-looking statements are
subject to risks, uncertainties and other factors that could cause actual
results to differ materially from future results expressed or implied by such
forward-looking statements. Many of these factors are beyond the control of
Northern Hemisphere. Consequently, all forward-looking statements made in this
news release are qualified by this cautionary statement and there can be no
assurance that actual results or developments anticipated by Northern Hemisphere
will be realized. For the reasons set forth above, investors should not place
undue reliance on such forward-looking statements. Northern Hemisphere disclaims
any intention or obligation to update or revise forward-looking information,
whether as a result of new information, future events or otherwise.

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