NSM Corporate Overview

Northern Star Mining Corporation controls 100% of the Malartic Midway project. Including, other adjacent properties such as Piche-Harvey and Callahan were optioned, because of their high gold exploration potential. The focus of Northern Star is to explore for precious metals within the traditionally mineral rich camp.

The Malartic Midway project and all other of the Company’s properties are located in the heart of the Malartic - Val d’Or world-class gold mining district, within the Abitibi Volcanic Belts, the world’s largest contiguous area of Archean volcanic and sedimentary rocks that host a significant number of world-class mineral deposits.

The Malartic-Midway project is a former producer (1939 to 1965), two shafts, production of 2,000,000 ounces of gold at a recovered grade of 5.85 g/t Au. Mining was conducted from surface to about 1,000m vertical, structures are open at depth and current technology permits mining to a depth of 3,000 meters.

The project was worked intermittently after the closing of the mine and systematic surface and underground exploration started in 2003 with the first surface drill hole by Northern Star.

By the end of 2007 a total of 117 surface diamond drill holes were completed for a total of 40,000 linear meters.

Significant gold intersection of economic interest over mining width were encountered and this led to a 43-101 compliant resource estimate completed in June 2008 and filed on SEDAR.

Two different types of gold mineralization are now recognized on the Malartic Midway project , the higher grade gold mineralized gabbros (7.00 g/t Au), and the larger volume lower grade mineralized porphyries (2.50 g/t Au). These structures were evaluated from surface to a vertical depth of 350 m and remain open at depth for additional tonnage. One Deep drill hole (NSM 06-64), probed the depth extension of the mine. At a depth of 1.5 km the structures are still well mineralized (9.61 g/t over 12.0 m true width).

The resources estimate was completed on the Briar sector, the Chabela sector and the South Porphyry sector. Beside the recent resource estimate, there are still other gold mineralized structures on Northern Star mining properties hosting “historical resources” for an additional 245,000 ounces of gold. The company is not treating these historical estimates as current mineral resources as defined under NI 43-101. A limited amount of surface drilling will permit the re-classifying of these resources into current mineral resources.

The report recommended carrying out surface and underground exploration. A total of 75,000 linear meters of drilling was recommended, to date over 10,000 meters have been completed and results are pending. A decline started last March, has currently reached a vertical depth of 400 feet and a horizontal length of 2000 feet and is aimed at the Chabela and Briar zones for bulk sampling.

The drilling is oriented to extend the known mineralized structure to significantly increase the resources. The area has potential to host multi-million ounces gold deposits. The better than average grade of 7.00 g/t Au is less dependent from the variations in the price of gold.

Northern Star has well established infra-structures already in place that include a fully operational mill, two head frames a hoist and various pieces of late model heavy duty mining euipment and machinery.
The management is well seasoned with significant experience to explore, define ore and operate a mine.

Over the years, the Quebec government has demonstrated a will to encourage natural resources development through quick permitting, title security and financial incentives. Quebec, Canada is consistently rated as one of the world’s most mining friendly areas.