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Press release from Filing Services Canada

Northern Financial Announces Filing of Supplemental Executive Compensation Disclosure on Sedar

Thursday, March 28, 2013

Northern Financial Announces Filing of Supplemental Executive Compensation Disclosure on Sedar

11:28 EDT Thursday, March 28, 2013

FSC / Press Release

Northern Financial Announces Filing of Supplemental Executive Compensation Disclosure on Sedar

Toronto, Ontario CANADA, March 28, 2013 /FSC/ - Northern Financial Corporation (NFC - TSX Venture), ("Northern Financial" or the "Company") announced today that it has filed supplemental executive compensation disclosure on Sedar at www.sedar.com to address certain deficiencies noted therein by the Ontario Securities Commission as part of a continuous disclosure review.

Specifically, the revised disclosure provides additional detail regarding the compensation practices of the Company, additional detail regarding the calculation of executive compensation, additional detail regarding the Compensation Committee's review of the risks associated with the Company's compensation practices and additional detail regarding the composition of the Compensation Committee.

In addition, the Company notes that it has filed a material change report in respect of a press release filed on December, 24, 2012 in respect of the transfer of client accounts to various brokerage firms.

About Northern Financial Corporation

Northern Financial Corporation is a financial advisory firm and merchant bank, with a specialization in mergers and acquisitions, merchant banking investments, risk arbitrage merger and acquisition investments, financial restructurings, proxy solicitation and information agent services.

The TSX Venture 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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Vic Alboini
416 644-8110

To view this press release as a PDF, please click on the following link:
http://www.usetdas.com/pr/northernfinancialPR03282013.pdf

Source: Northern Financial Corporation (TSX-V: NFC)
Maximum News Dissemination by FSCwire. http://www.fscwire.com

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