Northern Iron Corp released assay results for the third 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 very consistent between drill holes and shows good correlation including 60 metres grading 40.25% Fe2O3.

To date, 18 of the planned 30 drill holes have been completed on Northern Iron's 100% owned Karas property located 15 kilometers northeast of the town of Ear Falls, Red Lake mining district, Ontario. The 10,000 metre drill program is being completed to define a mineral resource on the property by the end of 2011.

Mr Basil Botha President & CEO of Northern Iron Corp said "The drill program at Karas continues to show promising results and the drill team continues to run the program on schedule. One of the most important aspects for investors in Northern Iron is that we do not require a multiyear drilling program to prove up these properties. At the pace the team is going, I am confident delineation drilling at Karas will be completed by year end which means we are still on track to complete a NI 43-101 measured and indicated resource for this property by the first quarter of 2012."