Northern Aspect Resources Ltd. Announces Proposed Private Placement

CALGARY, ALBERTA--(Marketwired - June 5, 2014) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Northern Aspect Resources Ltd. (NEX BOARD:NTH.H) (the "Corporation"), a capital pool company, announces that intends to complete a non-brokered private placement (the "Private Placement") of up to 1,500,000 common shares ("Common Shares") of the Corporation at a price of $0.05 per share for gross proceeds of up to $75,000. The net proceeds of the Private Placement will be used to finance the reinstatement of trading of the Common Shares and for general working capital purposes.

The Private Placement is anticipated to close in June 2014; however, completion is subject to certain conditions, including approval of the NEX Board of the TSX Venture Exchange (the "NEX") to the listing of the Common Shares on the NEX. The Common Shares will be subject to a hold period ending four months and a day from the date of closing.

Certain statements in this release are forward-looking statements, which include the reinstatement of trading of the common shares of the Corporation and the anticipated closing date of the Private Placement and the anticipated use of the proceeds of the Private Placement. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of the Corporation. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Corporation disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Corporation undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.