Northfield Metals Inc.: Share Consolidation Implemented

05/02/2012

TORONTO, ONTARIO - May 2, 2012 - NORTHFIELD METALS INC. ("Northfield" or the "Corporation") announced that its Board of Directors has approved the consolidation of the issued and outstanding common shares of Northfield on the basis of four (4) old shares for one (1) new share. The filing of the Articles of Amendment implementing the share consolidation is anticipated to be filed forthwith.

The Corporation currently has 21,566,604 common shares outstanding and, following the share consolidation, will have approximately 5,391,651 common shares outstanding.

Contact Information

Northfield Metals Inc.
Thomas G. Larsen
Chairman, President and C.E.O.
(416) 360-8006 or (800) 360-8006
(416) 361-1333 (FAX)

Northfield Metals Inc.
Jorge Estepa
Vice President and Secretary
(416) 360-8006 or (800) 360-8006
(416) 361-1333 (FAX)