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Nov 02, 2007 14:27 ET

Pinetree Capital Ltd. Acquires Common Shares of Northern Lion Gold Corp.

TORONTO, ONTARIO--(Marketwire - Nov. 2, 2007) - Pinetree Capital Ltd. (TSX Zunge rausstrecken NP), announces that, through a series of transactions ending on November 2, 2007, it acquired ownership of 223,500 common shares ("Common Shares") of Northern Lion Gold Corp. ("Northern Lion") through the facilities of the TSX Venture Exchange representing approximately 0.7% of the total issued and outstanding common shares of Northern Lion as of November 2, 2007. As a result of this transaction, Pinetree held as at November 2, 2007, an aggregate of 3,223,500 common shares of Northern Lion including the Common Shares which represents approximately 10.3% of all issued and outstanding common shares as at November 2, 2007.


These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Northern Lion depending on market conditions or any other relevant factor.


About Pinetree


Pinetree Capital Ltd. ("Pinetree" or the "Company") was incorporated under the laws of the Province of Ontario and is publicly traded on the Toronto Stock Exchange ("TSX") under the symbol "PNP". Pinetree is a diversified investment and merchant banking firm focused on the small cap market. Pinetree's investments are primarily in the resources sector: Uranium, Oil & Gas, Molybdenum, Precious Metals and Base Metals. Pinetree's investment approach is to build a macro position in a sector, find the micro-cap opportunities in that sector and work with those companies to build them to commercial production and create an exit.


For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com.


This news release contains forward-looking statements within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Pinetree's results to differ materially from expectations. These include risks relating to market fluctuations, investee performance and other risks. These forward-looking statements speak only as of the date hereof. Pinetree disclaims any intent or obligation to update these forward-looking statements.

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I like it too.


I have been a long term supporter, having owned shares for years, trading in and out around

a small core position.


I'm long now, and looking for better things, with a cost near about C$0.30

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  • 2 weeks later...


Additional drill rig secured to drill Salgadinho deposit, Cercal Licence Portugal



November 16, 2007 TSX-V Symbol: NL

Frankfurt Symbol: N3E



Northern Lion Gold Corp. (the “Company”) announces that it has signed a drill contract with Portugal’s Instituto Nacional de Engenharia Tecnologia e Inovação (INETI) for a drill rig to immediately begin a diamond drilling program on the Salgadinho deposit on the Company’s 95% owned Cercal Licence in southwest Portugal.


The 450 metre, three hole drill program is designed to evaluate the gold content of the sulphide deposit. The Salgadinho deposit, which consists of stockwork type copper gold mineralization, was discovered in the 1970s by the Portuguese Government’s mineral exploration department, Serviço de Fomento Mineiro (SFM), now part of INETI. The deposit was identified as a result of drilling a gravity anomaly with coincident copper and zinc anomalies in soils, a favorable stratigraphic location and hydrothermal alteration patterns.


In 1983, INETI produced a resource estimate of 1.3 million tonnes of 0.90% copper, 0.73 grams per tonne (“g/t”) gold and 9.48 g/t silver. This historical estimate predates National Instrument 43-101 ("NI 43-101"), is not compliant with the requirements of NI 43-101, and should not be relied upon.



Historical Work


A total of 12,045 metres in 53 holes have been drilled at Salgadinho, 28 of which intersected stratabound disseminated mineralization. The results of this work indicate that the deposit is open both down-dip and along strike to the southeast. Existing drill core from selected Salgadinho holes has been examined by Company geologists at the INETI core shed near the town of São Luis, within the Cercal licence.


The Company’s evaluation of the drill core and the existing database indicate that the reported grades and intervals are possibly under-reported for the following reasons:


· The sampling was not continuous, so no exact grade weighted averages can be calculated for the mineralized sections.


· Along core sections with disseminated sulphides, the sampling concentrated mostly on the areas with visible chalcopyrite, therefore missing any gold elsewhere in the sulphide-bearing stratigraphy.


· The gold assays are not reliable as many intervals were reported as “vestígios” (traces), possibly meaning below the detection limit which appears to have been 0.5 g/t. As a consequence, any calculation of average gold grades over mineralized intervals is necessarily flawed.


The best copper values from the Salgadinho drilling data base indicate that peak grades of 3% to 6.5% exist over one metre intervals. As a result of the discontinuous sampling, it is not possible to report accurate copper values over extended intervals.


Gold grades of up to 16 g/t over 0.5 metres have been reported in the assays. Given the high grades and the lack of continuous gold assay data, new drilling on the Salgadinho deposit is required to provide reliable assay data.



Geology and Mineralization


The Salgadinho deposit consists of stockwork-type (disseminated) chalcopyrite + pyrite, hosted by an intensely hydrothermally-altered (sericitised and vein-silicified) acid tuff unit belonging to the Upper Acid Volcanics. The mineralized package ranges from less than 0.5 metres to more than 30 metres in thickness and has been intersected over an area of 1,150 metres (northwest-southeast) by 590 metres (northeast-southwest).


The Salgadinho deposit has been interpreted as a likely feeder zone of submarine volcanogenic origin. To date, no massive sulphide bodies have been identified locally to explain this occurrence.


Additional Drill Program


The drill program on the Salgadinho deposit is in addition to the Company’s previously announced 3,000 metre drill program, which is designed to test buried targets within the Cercal licence. RATE Diamantborrning AB of Sweden is expected to commence drilling in the coming weeks. These deeper targets have been generated through an analysis of the results of an airborne, deep-penetrating VTEM (Versatile Time Domain Electromagnetic) survey along with re-modeling of existing gravity data. A total of 15 targets have been chosen and will be drill tested in a priority sequence. The highest priority targets have been picked for their similarities to known large massive sulphide deposits elsewhere in the Iberian Pyrite Belt.



Quality Control and Assurance


Joan McCorquodale, P.Geo, a consultant to the Company and a "qualified person" as defined by NI 43-101, is responsible for the technical content of this news release.


About Northern Lion


Northern Lion Gold Corp. is a Canadian mineral exploration company, listed on the TSX Venture Exchange and the Frankfurt Exchange. The Company is committed to building a strong portfolio of projects within mining-friendly and infrastructure-rich areas of Europe. It has approximately 31 million shares issued, $5.0 million in cash and a further $5.5 million in marketable securities.



In addition to the Cercal and Moura licences in Portugal, the Company holds a 100% interest in seven projects in the historic Bergslagen mining district of southern Sweden. These properties were acquired in 2006, and data compilation and review and limited soil sampling have been completed in preparation for field work. The Company also holds a 100% interest in the Nynäsberget gold prospect, which was acquired in the Jämtland region of central Sweden.




John Lando, President.


For information with respect to Northern Lion or the contents of this news release, please contact John Lando or Don Flahiff at (604) 669-2701, toll free at 1‑800‑663‑0510, or email to info@northernliongold.com.

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  • 3 weeks later...




Gold-Ore Resources Ltd.: Vallberget Property Acquisition-Bergslagen District, Sweden



Tumi Resources Limited ("Tumi" and/or the "Company") (TSX VENTURE:TM)(OTCBB:TUMIF)(FRANKFURT:TUY). David Henstridge, President, announces the signing of a drill contract with Drill Skill AB of Sweden to undertake an initial diamond drill program at the Company's wholly-owned Sala property in the Bergslagen District of Sweden. The program, scheduled to start in December, will consist of a minimum of seven holes drilled to depths of up to 400m.

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  • 4 weeks later...

Picked up some more yesterday for the GF's account.


We may have a nice A-B-C in place now, and a breakout from a GIP point coming


Hey, I see you mention Tumi (TM.v)- i'm in that too.

And have a few shares of New World (NW.v) also

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I think he means Girlfriend's account . . .


that is right.

she is now also close to being fully invested

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  • 2 weeks later...

Northern Lion hires Union Securities as consultant



2008-01-09 13:24 ET - News Release


Mr. John Lando reports




Northern Lion Gold Corp. has entered into an agreement with Union Securities Ltd. for the provision of consulting and advisory services to the company, including a review and evaluation of the company's exploration properties, investment and financing advice, market evaluation and brokerage and finder services.


Under the agreement, which has a one-year term, Union will receive as an advisory fee for past services non-transferable warrants to purchase up to 250,000 common shares of the company at a price of 50 cents per share for a period of 24 months. If, during the term of the agreement, the company closes a treasury offering of shares at a price of at least $1 per share to raise proceeds of at least $5-million, Union will receive non-transferable warrants to purchase an additional 250,000 common shares of the company for a period of 24 months. The exercise price of the warrants will be the greater of the financing price and the market price of the company's common shares. The company will also pay Union's reasonable fees and expenses incurred in connection with providing the services.

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  • 3 weeks later...
  • 1 month later...
BUY-Confirmed today on this site: American Bulls


Swings and Round-abouts...


Our system posted a HOLD today. The previous BUY recommendation was issued on 03.06.2008 (1) day ago, when the stock price was 0.3500. Since then NL has fallen -5.71% .


A Warning is in order! The previous BUY signal failed. Downward momentum now reached to intolerable levels.


You can either wait for a new bullish alert or sell the stock immediately. It is up to you. We owe you an apology.


-from the Am-bulls site

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