Northern Continental Issues Replacement Options
Tue Feb 26, 2:48 PMVANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2008) - Northern Continental Resources Inc. (TSX VENTURE: NCR.V) announces today that it has issued 918,000 stock options under its incentive stock option plan to certain directors, entitling them to purchase shares at a price of $0.35 per share for a period of three years.
These new options replace 918,000 options which expired on Feb 24, 2008. Therefore, the fully diluted share structure of Northern Continental remains unchanged. 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.ContactsDouglas HickeyNorthern Continental Resources Inc.
VP Corporate Communications
(604) 685-9255 or Toll Free: 1-800-449-4435
Website: www.northerncontinental.ca
