NCR News Release 12-March-04 . . .uhohThis doesn't help . . . or does it?
Fri Mar 12, 2004
Northern Continental Resources Terminates Letter of Intent With Roughrider Uranium Corp.
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04-03
Northern Continental Resources (NCR:TSX-V) Further to the news release of December 1, 2003, Northern Continental Resources Inc. (the Company) has terminated the letter of intent dated November 27, 2003 with Roughrider Uranium Corp. with respect to the Company's interest in the Russell Lake uranium property in the Province of Saskatchewan. The Letter of Intent contemplated the parties would enter into a formal option agreement, but the Company was not able to resolve the terms of the proposed option agreement with Roughrider Uranium Corp. The Company has therefore advised Roughrider Uranium Corp. that all further negotiations under the letter of intent have ceased.
The Company will conduct an extensive exploration program on the Russell Lake uranium property in 2004 and continue it's programs on the Abo gold project in Harrison, BC and LCR project near Terrace, BC.
On Behalf of the Board of Directors
J. Frank Callaghan
President and CEO