Northern Hemisphere Proposes Name Change and Share Consolidation

Northern Hemisphere Development Corp. (TSX VENTURE:NHD) (the "Company") today
proposes and recommends to shareholders, to be approved by way of Special
Resolutions at a Special General Meeting to be held on or about April 14, 2009,
the following:


a) a change of name to "Hemisphere Energy Corporation" (or such other name as is
acceptable to the Company's shareholders, the Company's management and the TSX
Venture Exchange); and


b) a 5-for-1 share consolidation (i.e. - one consolidated share would be
exchanged for each 5 shares currently held).


Northern Hemisphere's management and board of directors believe that current
market conditions provide an excellent opportunity to pursue value added
acquisitions. A share consolidation will greatly enhance the ability of the
Company to aggressively pursue current acquisition opportunities and the raising
of required capital to add to long-term per share growth in both production and
reserves.


Currently, the Company has 49,779,718 common shares issued and outstanding.
Accordingly, with the proposed share consolidation, there would be 9,955,944
common shares issued and outstanding post-consolidation.


Northern Hemisphere is committed to building a strong and successful oil and gas
company through its experienced management team, cash flow from existing
production, low overhead, and its position of no debt. The Company continues to
review opportunities that compliment our Trutch Property in northeastern British
Columbia.


As disclosed above, each of the proposed change of name and share consolidation
is subject to shareholder approval by way of Special Resolution; each is also
subject to TSX Venture Exchange acceptance.


NORTHERN HEMISPHERE DEVELOPMENT CORP.

Don Simmons, President & CEO

Forward Looking Statements

This news release contains "forward-looking statements" that are based on
Northern Hemisphere's current expectations, estimates, forecasts and
projections. These forward-looking statements include statements regarding
Northern Hemisphere's outlook for our future operations, plans and timing for
the commencement or advancement of exploration and development activities on our
properties, and other expectations, intention and plans that are not historical
fact. The words "estimates", "projects", "expects", "intends", "believes",
"plans", or their negatives or other comparable words and phrases are intended
to identify forward-looking statements. Such forward-looking statements are
subject to risks, uncertainties and other factors that could cause actual
results to differ materially from future results expressed or implied by such
forward-looking statements. Many of these factors are beyond the control of
Northern Hemisphere. Consequently, all forward-looking statements made in this
news release are qualified by this cautionary statement and there can be no
assurance that actual results or developments anticipated by Northern Hemisphere
will be realized. For the reasons set forth above, investors should not place
undue reliance on such forward-looking statements. Northern Hemisphere disclaims
any intention or obligation to update or revise forward-looking information,
whether as a result of new information, future events or otherwise.

Northern Hemisphere Development (Tier2) (TSXV:NHD)
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