NFD.A Northfield Capital Corporation

Northfield Capital Corporation ("Northfield") (TSX VENTURE:NFD.A) announces that
it has acquired ownership of an aggregate of 222,222 "flow-through" common
shares (the "Acquired Shares") of White Pine Resources Inc. ("WPR") on August
25, 2009. As at August 25, 2009, immediately following the acquisition of the
Acquired Shares, such Acquired Shares represented approximately 1% of the issued
and outstanding common shares of WPR.


As a result of this transaction, Northfield owns and controls an aggregate of
1,704,222 common shares of WPR and 810,000 convertible securities of WPR (the
"Convertible Securities"), representing approximately 7.3% of the issued and
outstanding common shares of WPR immediately following the transaction described
above (or approximately 10.5% calculated on a partially diluted basis, assuming
the exercise of the 810,000 Convertible Securities only). Following completion
of this transaction, Northfield together with its joint actors own and control
an aggregate of 1,960,672 common shares of WPR (of which 1,704,222 common shares
are owned by the Offeror directly and 256,450 common shares are owned by its
joint actors) and 1,162,500 Convertible Securities (of which 810,000 Convertible
Securities are owned by the Offeror directly and 352,500 Convertible Securities
are owned by its joint actors), representing approximately 8.5% of the issued
and outstanding common shares of WPR immediately following the transaction
described above (or approximately 12.8% calculated on a partially diluted basis,
assuming the exercise of the 1,162,500 Convertible Securities only).


The Acquired Shares were acquired in a private placement transaction which did
not take place through the facilities of any market for WPR's securities. This
transaction was effected for investment purposes and Northfield and its joint
actors could increase or decrease their investments in WPR at any time, or
continue to maintain their current investment position, depending on market
conditions or any other relevant factor. The Acquired Shares were acquired for a
purchase price of Cdn$0.45 per Acquired Share for aggregate consideration of
approximately $99,999.90, all pursuant to the exemption contained in Section 2.3
of National Instrument 45-106 on the basis that Northfield is an accredited
investor as defined in such instrument.


Additional Information

A copy of the applicable securities report filed in connection with the matters
set forth above may be obtained through Northfield's offices by contacting:

Northfield Capital (TSXV:NFD.A)
Historical Stock Chart
From Oct 2024 to Nov 2024

Northfield Capital (TSXV:NFD.A)
Historical Stock Chart
From Nov 2023 to Nov 2024