Great Northern Gold Exploration Corporation Appoints Yu Cai Huang as Director

TSXV: GGE

VANCOUVER, Nov. 2, 2012 /CNW/ - Great Northern Gold Exploration Corporation, ("Great Northern Gold" or the "Company") is pleased to announce that Mr. Yu Cai (Rick) Huang joined the Company's Board of Directors effective November 1, 2012.  Mr. Huang has been the Chief Financial Officer of Hanwei Energy Services Corp., a TSX traded public company, since March 2007.  Prior to that, he held senior financial roles with multinational companies including the Pepsi Bottling Group Canada and Schering Plough Canada.  Mr. Huang was also previously a market development manager with the Coca-Cola Company in China.  Mr. Huang holds a Certified General Accountant designation, and received his MBA from the Richard Ivey School of Business at the University of Western Ontario.  Mr. Huang is fluently bilingual in English and Mandarin.

Mr. Huang was granted 100,000 stock options exercisable at $0.15 per share expiring on November 1, 2017.

"Rick Huang brings strong public company management, audit and accounting expertise to our board," said Kim Oishi, CEO and Chairman of Great Northern Gold.  "In addition, Rick's  Chinese language skills and operating experience in China will add value as we build on our base of Chinese shareholders."

About Great Northern Gold Exploration Corporation

Great Northern Gold is a gold exploration company operating in Northern Canada and has an option to earn a 100% undivided interest in the property known as the Wekusko Property located 23 kilometres southeast of Snow Lake, Manitoba and comprising 55 mineral claims totaling approximately 8,880 hectares. Great Northern Gold has also entered into a Property Option

Agreement to earn a 100% undivided interest in the property known as the Ferro Mine Property located 23 kilometres southeast of Snow Lake, Manitoba and east of Wekusko Lake, Manitoba.

Capitalization:

Number of common shares outstanding:  22,220,867
Number of fully diluted shares outstanding:  24,507,533

STATEMENTS IN THIS PRESS RELEASE REGARDING THE COMPANY'S BUSINESS WHICH ARE NOT HISTORICAL FACTS ARE "FORWARD-LOOKING STATEMENTS" THAT INVOLVE RISKS AND UNCERTAINTIES, SUCH AS ESTIMATES AND STATEMENTS THAT DESCRIBE THE COMPANY'S FUTURE PLANS, OBJECTIVES OR GOALS, INCLUDING WORDS TO THE EFFECT THAT THE COMPANY OR MANAGEMENT EXPECTS A STATED CONDITION OR RESULT TO OCCUR. SINCE FORWARD-LOOKING STATEMENTS ADDRESS FUTURE EVENTS AND CONDITIONS, BY THEIR VERY NATURE, THEY INVOLVE INHERENT RISKS AND UNCERTAINTIES. ACTUAL RESULTS IN EACH CASE COULD DIFFER MATERIALLY FROM THOSE CURRENTLY ANTICIPATED IN SUCH STATEMENTS. THE COMPANY DOES NOT ASSUME ANY OBLIGATION TO UPDATE OR REVISE EVENTS OR CIRCUMSTANCES UNLESS REQUIRED BY APPLICABLE SECURITIES LAWS.

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

SOURCE: Great Northern Gold Exploration Corporation

Kim Oishi, CEO
Great Northern Gold Exploration Corporation
T: [phone]
Email: [email protected]