Anglo Pacific Group to Provide CDN$8.0 Million to Northern Star in Exchange for Net Smelter Return

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS
AGENCIES


Northern Star Mining Corporation (TSX VENTURE:NSM) ("NSM" or the "Company") is
pleased to announce that Anglo Pacific Group PLC - APF.L ("Anglo Pacific") has
agreed subject to various conditions to purchase a net smelter return from the
Company for CDN$8.0 million and has agreed to participate in the Company's
previously announced equity offering, for a total up to 4,000,000 units at a
price of CDN$0.50 per unit.


The agreement is an important strategic milestone for NSM as it should enable
the Company to complete the construction and development of the Gauthier decline
at its Malartic-Midway gold project (the "Midway Project") in Quebec, Canada
with limited further dilution to the Company's share capital.


Under the terms of the agreement, Anglo Pacific will finance the Company through
a convertible debenture in the principal amount of CDN$8.0 million (the
"Convertible Debenture") which will be repaid through a 2.5% net smelter return
royalty (the "NSR") on the Midway Project and the Company's McKenzie Break
project located in Fiedmont and Courville Townships of Quebec (the "McKenzie
Break Project"). See the Company's news release dated February 23, 2009 for
details of the Company's acquisition of a 60% undivided interest in the McKenzie
Break Property from Britannica Resources Corp. (TSX VENTURE:BRR). In the event
that the price of gold exceeds US$1,250 per ounce, the NSR will increase to
2.75% but will decrease to 1.5% on all production from the Midway Project at
such time as 2,000,000 ounces of gold have been produced therefrom if the price
of gold is below US$1,250 per ounce. Upon repayment of the principal amount of
CDN$8.0 million, the Convertible Debenture will convert to a straight net
smelter return royalty.


The Company has also agreed to pay a 1% NSR on all production from the Company's
mill or its replacement from properties other than the Midway Project or the
McKenzie Break Project but excluding any toll milling undertaken by NSM on
behalf of unassociated third parties.


The Company will make quarterly interest payments at an annualized rate of
Canadian base rate plus 2% upon the outstanding balance of the Convertible
Debenture from time to time, after quarterly NSR payments have been received and
deducted.


The Convertible Debenture and subsequent NSR will be secured against the assets
of the Company including the Midway Project and Anglo Pacific shall have the
right, at its discretion, to convert any outstanding principal amount under the
Convertible Debenture into common shares of the Company at an agreed upon
conversion price. In the event of such conversion, the NSR to Anglo Pacific will
cease.


The Convertible Debenture is subject to the completion of Anglo Pacific's due
diligence, the execution of formal documentation, the satisfactory restructuring
of the Company's US$42,000,000 of outstanding senior secured notes as
contemplated in the Company's news release of July 7, 2009 and the acceptance of
the TSX Venture Exchange. A break fee of 500,000 warrants to purchase a total of
500,000 common shares of the Company at a price of CDN$0.60 per share will be
payable to Anglo Pacific in the event the Company elects not to proceed with the
Convertible Debenture.


Casimir Capital acted as financial advisor for this transaction.

Anglo Pacific Group PLC generates returns for shareholders by receiving
royalties from operating mines including coking coal mines in Australia owned by
BHP and Rio Tinto. The strategy of Anglo Pacific is to pay a substantial
proportion of these royalties to shareholders as dividends, while reinvesting
the balance in strategic listed and unlisted metal exploration and production
opportunities with a view to obtaining more royalties for shareholders. Anglo
Pacific will continue to adopt an active, merchant banking approach to mining
projects to achieve better returns at reduced risk. For further information see
www.anglopacificgroup.com


ON BEHALF OF THE BOARD

Jonathan Awde, Vice-president, Corporate Finance

This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. Such forward-looking statements reflect management's current
beliefs and are based on assumptions made by and information currently available
to the Company. Investors are cautioned that these forward looking statements
are neither promises nor guarantees, and are subject to risks and uncertainties
that may cause future results to differ materially from those expected. These
forward-looking statements are made as of the date hereof and, except as
required under applicable securities legislation, the Company does not assume
any obligation to update or revise them to reflect new events or circumstances.


This press release, required by applicable Canadian laws, is not for
distribution to U.S. news services or for dissemination in the United States,
and does not constitute an offer of the securities described herein. These
securities have not been registered under the United States Securities Act of
1933, as amended, or any state securities laws, and may not be offered or sold
in the United States or to U.S. persons unless registered or exempt therefrom.
Northern Star Mining Corp. (TSXV:NSM)
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