TSX
Venture SYMBOL: NSM
April 1, 2008
NORTHERN STAR ANNOUNCES PRIVATE
PLACEMENT WITH BRITANNICA RESOURCES CORPORATION
Northern Star Mining Corp. (“Northern Star” or the
“Company”; TSX Venture Exchange - NSM)
announces by way of a private placement of securities from
Britannica Resources Corp. ("BRR"), Northern Star Mining Corporation
(“NSM”) has acquired ownership of 2,500,000 common shares of BRR and
transferable share purchase warrants to acquire up to 1,250,000 additional
common shares at an exercise price of $0.30 per share until March 27, 2008,
representing approximately 8.9% of the total issued shares on a fully diluted
basis (assuming all of the issued warrants are exercised).
NSM, and all persons acting jointly or in concert with NSM, previously
held 1,500,000 securities of BRR. NSM,
and all persons acting jointly or in concert with NSM, will therefore hold an
aggregate of 4,000,000 common shares, representing 10.45% of the total issued
and outstanding shares of BRR (12.5% on a fully diluted basis, assuming all of
the issued warrants are exercised).
NSM intends to hold these securities for investment purposes, and does
not intent to further increase its shareholdings at this time. There will not be any change in the
management or Board of Directors of BRR as a result of the share issuance.
ON BEHALF
OF THE BOARD
“Jonathan Awde”
Jonathan Awde Vice President, Corporate
Finance
FOR FURTHER INFORMATION PLEASE CONTACT: Northern
Star Mining Corporation TOLL FREE (800) 460-5031 or (819) 825-8088, (FAX) (819)
825-1199
Website: www.nsmgold.com
THE
TSX VENTURE EXCHANGE HAS NOT REVIEWED THE PRESENT INFORMATION AND IS NOT
RESPONSIBLE FOR THE CONTENTS OF THIS NEWS RELEASE, WHICH MAY CONTAIN FORWARD
LOOKING STATEMENTS.