Northfield Metals INC. Announces Closing of First Tranche of Private Placement Financing

Toronto, Ontario – September 10, 2012 – NORTHFIELD METALS INC. (“Northfield” or the “Corporation”) is pleased to announce the closing of the first tranche of a private placement financing for gross proceeds of $471,000.

Northfield announces that it has issued 2,355,000 common shares at a price of $0.20 per share for gross proceeds of $471,000. All of the securities issued pursuant to the private placement financing are subject to a four month hold period.

In connection with the private placement financing, five arm’s length finders received as compensation cash commissions aggregating $37,680. The net proceeds of the private placement financing will be used to finance exploration at the Borel River Property and for general corporate purposes.

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