Northern Lion Secures Option for Cyprus Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2008) - Northern
Lion Gold Corp. (the "Company") (TSX VENTURE: NL)(FRANKFURT: N3E)
announces that it has entered into an option agreement (the
"Agreement") with Katla Exploration Ltd. ("Katla") to acquire a 90%
interest in an exploration permit covering a 312 hectare area (the
"Property") near the villages of Pano Panayia and Asproyia in the
Paphos district ("Greek-Cyprus") of the Republic of Cyprus.

Under the Agreement, the Company will earn a 90% interest in the
Property by making payments totaling US$175,000 and issuing 220,000
common shares of the Company to Katla over two years, and incurring
expenditures on the Property totalling US$2,625,000 over a period of
three years.

The Agreement is subject to the approval of the TSX Venture Exchange.

Katla has also, on the Company's behalf, submitted an application to
the Department of Mines for an additional seven exploration permits
in Greek-Cyprus covering an aggregate 3,190 hectares. The Company
will hold a 95% interest in the additional property, subject only to
reimbursement of Katla for its expenses.

During management's initial visit to the area, six grab samples were
collected from within the new application areas. Highlights include
one sample which returned 4.1% copper, and another sample which
returned 7.3 grams per tonne ("g/t") gold and 17.6 g/t silver.

The history of mineral exploitation (copper, gold and other metals)
on the island of Cyprus dates back to the Bronze age, approximately
5,000 years ago, and has continued through the ages, first by the
Phoenicians and then the Romans. The evidence of this long history of
mining is seen by the extensive slag heaps and numerous ancient
surface and underground workings as well as other manifestations of
small-scale underground workings.

The major deposits of Cyprus are the copper-bearing volcanogenic
hosted massive sulphide "VHMS" deposits. These deposits are hosted
within the pillow lava sequence of the Troodos ophiolite. The pillow
lava sequence is divided into Upper and Lower Pillow Lavas according
to their place in the stratigraphy, with the majority of massive
sulphide bodies forming between the two pillow lava sequences. All
seven of the Company's applications overlie this important contact.
The other major mineralization on Cyprus, apart from the massive
sulphide deposits and associated stockwork mineralization, are the
interstitial and overlying sedimentary umber and ochre deposits.
Ochres are manganese poor ferruginous sediments generally associated
with sulphide ores located between the Upper and Lower Pillow Lavas,
while umbers are manganese rich ferruginous mudstones overlying the
Upper Pillow Lavas. Umbers and ochres have historically been mined
for dyes and are known locally to contain significant gold values.

Company President, John Lando, commented: "We are very impressed with
the geological potential in Cyprus. An excellent opportunity for new
discoveries is clearly present. Cyprus has been known throughout
history to be rich with copper and has over 5,000 years of production
history. Due to the geo-political instability, there has been very
little activity since the early 1960's. Now that Greek-Cyprus is a
member of the European Union, we believe there is a truly exceptional
opportunity for new discoveries by applying modern exploration
technologies in a copper-rich environment."

Quality Control and Assurance

The Company's field activities in Cyprus are to be supervised by Dr.
Kyriacos Louca, under the direction of Joan McCorquodale, P.Geo.
(BC), a consultant to the Company and a "qualified person", as
defined by National Instrument 43-101 ("NI 43-101").

Samples were sealed and delivered personally by Joan McCorquodale,
P.Geo. (BC) to OMAC Laboratories Ltd., Athenry Road, Loughrea, Co.
Galway, Ireland. OMAC laboratories is accredited to international
quality standards through the International Organization for
Standardization/International Electrochemical Commission (ISO/IEC)
17025.

The total sample is jaw crushed dry to less than 2 mm, following
which a 500 gram representative sample is obtained using a Riffle
splitter and pulverized so that 90% passes 100 micron. Samples are
then analyzed for gold and undergo forty four element ICP analysis
using Aqua Regia digestion. The gold analytical method employed by
OMAC uses a 50-gram sample for Pb-fire assay followed by atomic
absorption spectrometry finish.

Joan McCorquodale, P.Geo. (BC), 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. The
Company is well funded to continue to define and explore its existing
projects and to acquire and explore new projects.

In addition to its new properties in Cyprus, the Company continues
work on its 95% held Cercal license and its 100% held Moura licenses
in Portugal. The Company also 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,
limited soil sampling and an airborne geophysical survey have
recently been completed. Results from the airborne survey are
expected shortly and will be used to help delineate targets for
drilling.

NORTHERN LION GOLD CORP.

John Lando, President

This news release includes "forward-looking information", as such
term is defined in applicable securities laws. The forward-looking
information includes, without limitation, the success of exploration
activities and other similar statements concerning anticipated future
events, conditions or results that are not historical facts. These
statements reflect management's current estimates, beliefs,
intentions and expectations; they are not guarantees of future
performance. The Company cautions that all forward-looking
information is inherently uncertain and that actual performance may
be affected by a number of material factors, many of which are beyond
the Company's control. Such factors include, among others, risks and
uncertainties relating to exploration and development; the ability of
the Company to obtain additional financing; the Company's limited
operating history; the need to comply with environmental and
governmental regulations; potential defects in title to the Company's
properties; fluctuations in currency exchange rates; fluctuating
prices of commodities; operating hazards and risks; competition; and
other risks and uncertainties. Accordingly, actual future events,
conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the
forward-looking information. All statements are made as of the date
of this news release and, except as required by law, the Company is
under no obligation to update or alter any forward-looking
information.

The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.

Contacts:
Northern Lion Gold Corp.
John Lando
(604) 669-2701 or Toll Free: 1-800-663-0510

Northern Lion Gold Corp.
Don Flahiff
(604) 669-2701 or Toll Free: 1-800-663-0510
Email: info@northernliongold.com
Website: www.northernliongold.com
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