NHD Northern Hemisphere Development (Tier2)

At its recent Annual General Meeting, Northern Hemisphere Development Corp. (TSX
VENTURE:NHD) reviewed the highlights of the past year's activities.


Over the past year, Northern Hemisphere has grown to become a producing oil and
gas company with gross production revenue of $438,961 for 2007, an increase of
4,164% over the $10,294 revenue in 2006. With four natural gas wells now on
production providing a steady cash flow, no debt obligations, and a repeatable
drilling project that provides a stable economic foundation, Northern Hemisphere
is well positioned for continued growth.


The Company also has a highly qualified management team and an experienced board
of directors, which provides a unique opportunity for investors to participate
in an emerging energy company.


Northern Hemisphere's Trutch Project is located approximately 200 kilometers
northwest of Fort St. John in northeast British Columbia. The Company's current
production is from a northwest extension of the Tommy Lakes Field, which is
comprised of gas sands of the Triassic Halfway formation. The Halfway wells
provide a natural gas resource development opportunity with projected long-life
production and reserves. Northern Hemisphere is assessing technological advances
in horizontal drilling and multi-stage fracture completion methods for the
optimal development of the Trutch Project in order to maximize production and
reserves, and minimize development costs. Current production is from the Halfway
formation, however, the area has potential for production from multiple
formations. This multi-zone potential provides significant upside for the
Company and its evaluation by the Company's technical team is on-going.


With access to over 15,000 gross acres of land with varying working interest and
rights in the Trutch Project, Northern Hemisphere has the foundation to build a
strong British Columbia based oil and gas company. The Company continues to
evaluate new opportunities through drilling and strategic acquisitions, and is
committed to increasing shareholder value by delivering growth in production,
reserves and cash flow.


At the AGM, the Company welcomed the additional depth of oil and gas experience
that Bruce McIntyre, P.Geol., and Greg Sadler, P.Eng., bring to Northern
Hemisphere, and shareholders re-elected Charles O'Sullivan, B.Sc., Alan
Crawford, MBA, Don Simmons, P.Geol., Ken Maddison, FCA, Frank Borowicz, QC, and
Gregg Vernon, P.Eng., as directors of the Company.


Please visit our website at www.northernhemisphere.ca for more information on
Northern Hemisphere, the corporate presentation, and the people involved with
the company.


NORTHERN HEMISPHERE DEVELOPMENT CORP.

Don Simmons, President & CEO

Forward Looking Statement

This presentation may contain forward-looking statements including management's
assessment of future plans and operations, expectations of future production,
cash flow and earnings. These statements are based on current expectations that
involve a number of risks and uncertainties, which could cause actual results to
differ materially from those anticipated. These risks include, but are not
limited to: the risk associated with the oil and gas industry (e.g. Operational
risks in development, exploration and production; delays or changes in plans
with respect to exploration or development projects or capital expenditures; the
uncertainty of reserve estimates; the uncertainty of estimates and projections
relating to production, costs and expenses and health, safety and environmental
risks), acquisitions, commodity price and exchange rate fluctuation and
uncertainties resulting from competition from other producers and ability to
access sufficient capital from internal and external sources.


This release shall not constitute an offer to sell or the solicitation of an
offer to buy the securities in any jurisdiction.

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