TSX Venture SYMBOL: NSM
OTCQX:NSMSF
February
23, 2010
NORTHERN STAR ANNOUNCES MANAGEMENT CHANGES
Val d’Or, Quebec, February
23, 2010 – Northern Star Mining Corp. (TSX-V: NSM,
OTCQX: NSMSF) (“NSM” or the “Company”) announces
that Michel David has resigned
as Chairman of the Board, President and CEO of NSM effective immediately. Mr.
David will continue on as a director of the Company.
The Company has
appointed Jonathan Awde, Vice-President, Corporate Finance, to serve as interim
President and CEO of NSM. Mr. Awde has extensive financial experience and been
instrumental in helping to raise over $80 million for the Company since joining
the board of directors in 2007.
The Board is also reviewing NSM’s overall personnel
requirements with a view to expanding development of the Company’s Midway gold
project in Val d’Or, Quebec and fulfiling its goals of becoming a mid-tier gold
producer and maximizing shareholder value. Further management related
announcements are expected in the near term.
Mr. Jonathan Awde,
spokesman for the Board, stated: “We would like to sincerely thank Mr. David for
his valuable contribution to the Company for the past 8 years. Under Mr. David’s
leadership, NSM successfully assembled an impressive exploration land package
in Val d’Or, Quebec and moved the Midway project from a pure exploration
property to the Company’s first gold pour (as announced on February 5, 2010).
The current management
team of NSM is supportive of this change in leadership as the Company embarks
on this important phase at its Midway gold project in
ON BEHALF OF THE BOARD
“Jonathan Awde”
Jonathan Awde, President
FOR FURTHER INFORMATION PLEASE CONTACT: Northern Star Mining Corp. TOLL FREE (800) 460-5031 or (819) 825-8088, (FAX) (819) 825-1199 Website: www.nsmgold.com
Or
Renmark Financial Communications Inc.
Barry Mire: bmire@renmarkfinancial.com
christine stewart: cstewart@renmarkfinancial.com
www.renmarkfinancial.com
This
press release contains certain “Forward-Looking Statements” within the meaning
of Section 21E of the United States Security Exchange Act of 1934, and involves
a number of risks and uncertainties. Important factors that could cause
actual results to differ materially from the Company’s expectations are
disclosed in the Company’s documents filed from time to time with, among
others, the TSX Venture Exchange and the British Columbia Securities
Commission. All statements, other than of historical fact, included
herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove
to be accurate, and actual results and future events could differ materially
from those anticipated in such statements.
Neither
the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.