NORTHERN FINANCIAL REPORTS RESULTS OF ANNUAL AND SPECIAL MEETING OF
SHAREHOLDERS

(TSX:NFC)

TORONTO, Sept. 16 /CNW/ - Northern Financial Corporation (TSX: NFC) ("Northern" or the "Company") announced the election of the following Directors at its annual and special meeting of shareholders held today: Vic Alboini, Ian Bradley, William Grant, and Wes Roitman.

Northern's shareholders reappointed Deloitte & Touch LLP to serve as Northern's auditors. Shareholders also approved amendments to each of the Company's Employee Share Purchase Plan and the Equity Incentive Plan. For additional details about these resolutions, please refer to the Company's information circular prepared in connection with this meeting.

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.

For further information:

Vic Alboini   Chairman and CEO    [phone]

or

Doug Chornoboy Senior Vice President and CFO [phone]