Northern Continental Cancels & Issues Options

Mon Mar 17, 4:16 PM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2008) - Northern Continental Resources Inc. (TSX VENTURE: NCR.V) announces today that it has cancelled 135,000 stock options currently held by insiders of the company.

Concurrently, Northern Continental has issued 100,000 stock options exercisable at a price of $0.35 for a period of two years to a non-insider of the company who will provide financial advisory services.

Northern Continental owns a 60% controlling interest in the Russell Lake Uranium Project. Northern Continental is currently undertaking a $3.5 million exploration program at Russell Lake which includes the drilling of 21 holes in seven areas of the property.

NORTHERN CONTINENTAL RESOURCES INC.

Alan Crawford, President

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Contacts

Alan Crawford
Northern Continental Resources Inc.
President
(604) 685-9255 or Toll Free: 1-800-449-4435
Website: www.northerncontinental.ca