Nordic Revises Private Placement Offering

Nordic has discontinued its non-brokered private placement offering of up to 6,000,000 units at a price of $0.10 per unit for gross proceeds of up to $600,000 originally announced on August 27, 2010. Mr. Benson also announced that the Company will replace this former offering with a new non-brokered private placement offering (the "New Offering") of up to 7,000,000 units ("Units") at a price of $0.075 per Unit for gross proceeds of up to $525,000.

Each Unit of the New Offering will consist of one Class A common share of the Company issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) and one-half of one Class A common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one regular Class A common share of the Company at a price of $0.10 per share for a period of 18 months from the date of issuance.

The securities issued pursuant to the New Offering are subject to a four-month holding period from the date of closing. The Company anticipates multiple closings in the coming weeks.

Certain finders are expected to assist the Company by introducing potential subscriber(s) to the New Offering and, subject to compliance with applicable legislation, will be entitled to receive fees equal to 10% of the purchase price of the Units sold pursuant to the New Offering, as well as compensation warrants (the "Finder's Warrants") equal to 10% of the number of Units sold pursuant to the New Offering. Each Finder's Warrant shall entitle the holder thereof to purchase one regular Class A common share of the Company at a price of $0.10 for a period of 18 months from the date of issuance.

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