NORTHERN CONTINENTAL RESOURCES INC.

Northern Continental Resources announces that in light of the failure of Denison Mines to match the financial terms proposed by Hathor Exploration for a plan of arrangement, as announced by Denison on July 20, 2009, Northern Continental has given Denison notice that it has withdrawn its recommendation and approval of the Arrangement Agreement between Denison and Northern Continental dated June 5, 2009 and terminated the Arrangement Agreement. Northern Continental has accepted the superior proposal from Hathor Exploration Ltd., offering Northern Continental shareholders 0.1389 of a Hathor common share for each Northern Continental common share and will work with Hathor to complete this transaction as quickly as possible.