Northern Star Increases Subscription Receipts Financing to $25,000,000

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


Northern Star Mining Corp. (TSX VENTURE:NSM) announces that further to its news
release of July 7, 2009 it has been advised by the syndicate of agents led by
Casimir Capital L.P. that they intend to exercise their over-allotment option to
sell up to an additional CDN$5,000,000 in subscription receipts to increase the
total size of the private placement to approximately CDN$25,000,000 (the
"Financing"). The final allocation of the Financing between unit subscription
receipts and "flow-through" subscription receipts remains subject to adjustment,
however, the Company understands that approximately 80% of the Financing will be
comprised of unit subscription receipts and 20% of the Financing will be
comprised of "flow-through subscription receipts. The purchase price for the
"flow-through" subscription receipts has also been re-priced at CDN$0.56 per
subscription receipt. In all other material respects, the Financing remains the
same as disclosed in the Company's news release of July 7, 2009.


Closing of the Financing is scheduled to occur on or about July 23, 2009 and
remains subject to the final acceptance of the TSX Venture Exchange and
applicable securities legislation.


ON BEHALF OF THE BOARD

Jonathan Awde, VP 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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