Northern Vertex Closes $9,150,000 Non-Brokered Private Placement

Northern Vertex Closes $9,150,000 Non-Brokered Private Placement PR Newswire VANCOUVER, November 26, 2012 VANCOUVER, November 26, 2012 /PRNewswire/ -- /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ - All figures are in CDN dollars Northern Vertex Mining Corp. (TSX.V: NEE) (the "Company") is pleased to announce the completion of its thpreviously announced Non-Brokered Private Placement. In a news release dated November 13 , 2012, the Company thannounced a Non-Brokered Private Placement of $7.5 million with a closing date of November 26 , 2012. The Private Placement closed earlier today as previously announced and was oversubscribed raising gross proceeds of $9,148,750. A total of 7,319,000 units were issued. Each unit ("Unit"), priced at $1.25 per Unit consists of one common share ("Share") of the Company and one-half of one transferable common share purchase warrant ("Warrant"). Each whole Warrant entitles the holder to purchase one Share at a purchase price of $1.75 per Share until November 25, 2014. The expiry date of the Warrants may be accelerated, at the sole option of the Company, to 30 business days following the date on which the Company gives notice that its common shares have closed for 21 consecutive trading days at a price of $2.00 or greater. Cash Finders' fees in the aggregate amount of $557,781 were paid to arm's length parties in relation to the private placement.