Northern Announces Listing on TSX Venture Exchange

(TSX: NFC)

TORONTO, March 26, 2012 /CNW/ - Northern Financial Corporation ("Northern" or the "Company") announced that effective March 28, 2012, the common shares of the Company will commence trading on the TSX Venture Exchange (the "TSX-V"). The trading symbol for Northern's common shares will remain "NFC" and the Company will be listed on the TSX-V as a Tier 2 Industrial Issuer. The Company's common shares will trade on the facilities of the TSX until the close of markets on March 27, 2012.

In connection with listing the Company's common shares on the TSX-V, Northern has terminated its Equity Incentive Plan ("EIP"). Awards under the EIP which were outstanding and unvested as of March 15, 2012, shall continue to vest in accordance with the terms of the respective awards and the terms of the EIP, subject to a maximum aggregate of 1,546,063 common shares. No new awards may be granted under the EIP.

About Northern Financial Corporation

Northern Financial Corporation wholly owns Northern Securities Inc., a full service investment dealer that provides financial advisory services to retail and institutional clients and investment banking services to small capitalization companies.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this news release. This press release may contain forward-looking statements with respect to the Company, its operations, strategy, financial performance and condition. These statements generally can be identified by use of forward looking words such as "may", "will", "expect", "estimate", "anticipate", intends", "believe" or "continue" or the negative thereof or similar variations. The actual results and performance of the Company discussed herein could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulations and the factors described under "Risk Factors" in the Management's Discussion and Analysis and Filing Statement of the Company which are available at www.sedar.com. The cautionary statements qualify all forward-looking statements attributable to the Company and persons acting on their behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and the Company has no obligation to update such statements.

Vic Alboini
Chairman and CEO
[phone]

or

Doug Chornoboy
Senior Vice President and CFO
[phone]