Northern Precious Metals Management Inc. announces today that final receipts of the regulators in each of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland Labrador have been issued for the prospectus of Northern Precious Metals 2007 Limited Partnership dated October 15.

The initial closing date is scheduled to occur on October 31.

The proceeds of the offering will be invested in flow-through shares of Canadian mining companies. Limited Partners will be entitled to claim certain deductions from income and investment tax credits for the 2007 taxation year.

The limited partnership’s investment objective is to provide limited partners with a tax-assisted investment in a portfolio of flow-through shares of mining companies with a view to achieving capital appreciation.

Secutor Capital Management Corp. is acting as lead agent for the offering.