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.