VAL D'OR, QUEBEC-- Northern Star Mining Corporation (TSX VENTURE:NSM) (Northern Star Mining or the "Company") is pleased to announce further drill results from its surface and underground drill programs.

On its wholly owned Malartic-Midway gold project (16 km west of Val-d'Or, Quebec), drilling was carried out from surface on the Briar zones, and from underground in the Chabela West Zone.

Highlights include 8.25 grams per tonne gold over 7.91 meters in the Briar Zone and 10.52 grams per tonne gold over 18.2 meters from underground in the Chabela West Zone.

BRIAR

Drilling from surface in the Briar Zone, prior to the planned 2009 bulk sampling (mining) from underground in this zone returned:

                                              Core
                    From              To    length      Grade       Rock
HOLE #                (m)             (m)       (m)   (g/t Au)      Type

183                86.09            94.0      7.91       8.25     Gabbro
Including          86.09           89.84      3.75      17.15     Gabbro

184                 99.0          102.76      3.76       8.99     Gabbro

185                112.0           116.0       4.0      12.36     Gabbro

UNDERGROUND CHABELA WEST

Drilling from the Chabela West drift (138 meter level underground) downwards returned the following:

                                              Core
                    From              To    length      Grade       Rock
HOLE #                (m)             (m)       (m)   (g/t Au)      Type

MU 005       Drift Floor    -13.3 meters     -13.3       5.31     Gabbro
            (-138 meters)

MU 033A      Drift Floor     -18.2 meter     -18.2      10.52     Gabbro
            (-138 meters)

DECLINE

The Decline continues to advance, now reaching over 2 km. Preparations for bulk sampling (mining) in the Chabela West zone at the 138 meters level are being finalized, while the bulk sampling (mining) in the Briar Zone at the 200 meter level is under preparation. The decline has now reached the 180 meter level.

"We continue to receive very significant results from our surface and underground drill programs. The confirmation of these results combined with the construction and advancement of our underground access and development program bodes well for the future of our Company," according to Michel David, CEO.

Further results are expected shortly.

MCKENZIE BREAK

Following the option agreement with Britannica Resources (see press release February 23, 2009), Northern Star has been studying the construction of a decline on one of the known gold mineralized structure on this project.

Britannica Resources has released a series of new drill holes. Results include:

                                                Core
                   From            To         length          Grade
HOLE #               (m)           (m)            (m)       (g/t Au)

137                44.8          45.2            0.4         59.400
                  149.0         150.0            1.0          1.430
                  165.5         166.5            1.0          3.120
                  178.0         179.4            1.4          1.460

138                34.8          35.7            0.9          1.045
                   99.2         100.1            0.9          2.560
                  173.0         174.0            1.0          5.020

143                33.0          34.0            1.0          9.220
                   96.9          98.0            1.1          2.250
                  105.7         106.4            0.7         12.350
                  117.4         118.1            0.7          1.635

145                31.9          32.9            1.0         43.200
                   48.2          48.5            0.3          1.760
                  130.0         130.3            0.3         16.500
                  142.5         144.0            1.5          2.070
                  172.0         172.9            0.9          2.010

147               106.3         109.8            3.5          4.403
Including         108.3         109.8            1.5          8.430
                  129.5         130.0            0.5          8.080
                  168.5         170.3            1.8          5.954
Including         168.5         169.5            1.0          8.750
                  178.0         178.8            0.8          3.580

These results are principally centered on zone #4, which is dipping 15 degrees to the northeast. The drilling was conducted to intersect the gold mineralized structure at 90 degrees, therefore the core lengths are fairly close to true width.

Eugene Gauthier, Ing (OIQ), acts as the qualified person of the Company and has reviewed the contents of the news release. The diamond drilling and exploration programs are being carried out under the direct supervision of Eugene Gauthier, Ing (OIQ). The Company is maintaining strict standards for QA (quality assurance) and QC (quality control); by keeping under lock all drill cores, rejects and pulps for further testing. Samples were sent to ALS Chemex and Techni-Lab labs in Val d'Or, Quebec. High grade assays intersections were subject to total gold metallic sieve method in addition to the standard fire assay and AA finish.

ON BEHALF OF THE BOARD

Jonathan Awde, Vice-president, Corporate Finance

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 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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Northern Star Mining Corporation
Jonathan Awde
Vice-president, Corporate Finance
Toll Free: (800) 460-5031 or (819) 825-8088
(819) 825-1199 (FAX)
www.nsmgold.com


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Source: Marketwire Canada (June 25, 2009 - 9:21 AM EDT)

HOLE #      From (m)    To (m)  Core length (m)  Grade (g/t Au)   Rock Type


181            78.4      91.0             12.6            16.8    Gabbro


182            83.4      86.7              3.3            8.24    Gabbro


177            87.0      89.8             2.85            14.6    Quartz

The true width of the Briar Zone is approximately 70% of core length.

L-ZONE

The newly discovered L-Zone continues to demonstrate significant gold values following the release of the original discovery holes (see press release June 4, 2009).

The fourth hole drilled on the L-Zone exploration extension returned:

HOLE #      From (m)    To (m)  Core length (m)  Grade (g/t Au)   Rock Type


172           202.5     204.8              2.3           16.03    Quartz

True width of the L-Zone is approximately 75% of core length.

CHABELA WEST UNDERGROUND

Drilling from the Chabela West drift (138 meter level underground) downwards returned the following:

HOLE #      From (m)    To (m)  Core length (m)  Grade (g/t Au)   Rock Type


MU 026        Drift     -21.0
           floor (0)   meters             21.0            7.35    Gabbro
       (-138 meters)

The true width of the zone is approximately 50% of the core length.

Following the above result, Northern Star is now planning to drive a drift below the 138 meter level at Chabela West to access, explore and sample this zone below the present Chabela West workings.

"The above results continue to expand the potential of the Malartic-Midway gold project. The Briar Zones continues to return significant gold values over impressive widths, while the L-Zone result continues to confirm its potential. Finally, underground drilling at the Chabela West drift (138 meter level) has discovered the downward extension of the Chabela West Zone", according to Michel David C.E.O.

DECLINE

Following the discovery in the Decline (see press release, June 4, 2009) of the possible extension of the K-Zone at the 173 meter level underground, the Company has begun drifting in this zone for future exploration and drilling.

Exploration continues in all these zones and further results are expected shortly.

MCKENZIE BREAK

Following the option agreement with Britannica Resources (see press release April 28, 2009), Northern Star has been studying the construction of a decline on one of the known gold mineralized structure on this project.

Britannica Resources has released a series of previously unannounced drill holes. Results include:

HOLE #      From (m)    To (m)  Core length (m)  Grade (g/t Au)


125           101.0     102.0              1.0            2.67
              216.0     228.8             12.8           1.807
Including     217.6     222.0              4.4           3.679


128           152.3     154.4              2.1          10.867


130            67.0      68.0              1.0            15.0


131           305.7     315.0              9.3           1.877
Including     307.1     309.1              2.0           4.286


132           354.0     355.5              1.5            18.1

These results are principally centered on zone #4, which is dipping 15 degrees to the northeast. The drilling was conducted to intersect the gold mineralized structure at 90 degrees, therefore the core lengths are fairly close to true width.

Eugene Gauthier, Ing (OIQ), acts as the qualified person of the Company and has reviewed the contents of the news release. The diamond drilling and exploration programs are being carried out under the direct supervision of Eugene Gauthier, Ing (OIQ). The Company is maintaining strict standards for QA (quality assurance) and QC (quality control); by keeping under lock all drill cores, rejects and pulps for further testing. Samples were sent to ALS Chemex and Techni-Lab labs in Val d'Or, Quebec. High grade assays intersections were subject to total gold metallic sieve method in addition to the standard fire assay and AA finish.

ON BEHALF OF THE BOARD

Jonathan Awde, Vice-president, Corporate Finance

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

VAL D'OR, QUEBEC--(April 28, 2009) - Northern Star Mining Corporation (TSX VENTURE:NSM; Northern Star Mining or the "Company") is pleased to announce that it has entered into negotiation with Dumas Contracting Ltd., towards the creation of a strategic alliance.

Dumas will become the sole contractor for Northern Star's present and future underground construction and mining activities. Dumas will be available on an exclusive basis to Northern Star.

Dumas is a well known and experienced mine contracting and engineering company that has been in operation since 1994. Dumas is headquartered in Timmins, Ontario and has conducted mining projects on over 5 continents.

It has notably carried out work for Agnico-Eagle at the Goldex and Lapa gold projects, and for Xstrata at its Raglan Nickel project.

Northern Star is presently continuing its Malartic-Midway decline construction (the Gauthier decline), to access the Chabela, L-Zone and Briar zones during 2009, and along with the expertise of Dumas, is presently planning the engineering and feasibility of a second decline at the Malartic-Midway project to explore and sample a large porphyry intrusive, located near the Osisko Canadian Malartic boundary. In addition, along with Dumas, the Company is presently planning the continuation of the engineering towards the successful access and use of the 3,000 foot deep Shaft #1 located on the project.

Finally, the Company recently acquired 60% of the McKenzie-Break gold project in a joint venture with Britannica Resources (see press release of February 23, 2009). Detailed drilling by Wesdome Gold Mines in 2004 outlined the economic potential for gold mineralization easily accessible by decline. Northern Star believes minimal additional work would be required to expand these gold bearing structures at depth.

The Company, along with the services and expertise of Dumas is presently planning the engineering and feasibility of decline construction on the McKenzie Break project.

Presently, the Gauthier decline at Malartic-Midway project has advanced a total of 1,112 meters towards the South Briar Zone (Briar branch), the Chabela branch of the decline has advanced 210 meters to Chabela and has crosscut 66 meters of drift on Chabela East and 110 meters of crosscut drift in Chabela West. Longhole drilling for bulk sampling is now ongoing in Chabela West.

Finally, the Chabela decline has continued north from Chabela an additional 200 meters to access and explore the new L-Zone discovery area, and will continue and access to the North Briar Zone.

Construction of the Vent Raise access (from surface) at Briar will also begin shortly.

In all, the Company, with the services of Dumas has carried out over 1,550 meters of decline and 120 meters of drifting in the Chabela Zones.

The Company has also begun sending to and stock piling gold bearing rock at its wholly owned mill facilities.

To date, the Company has also drilled 20 holes from surface and underground as part of its 2009 drill program. Evaluation of results from its 2008 program at Malartic-Midway, Callahan and McKenzie Break is still underway, with further results expected.

Michel David, president, states that "the Company is very excited about this planned alliance with Dumas, as it will allow access to the services of a dynamic experienced mine contractor company, allowing Northern Star to continue and accelerate its exploration and development plans."

ON BEHALF OF THE BOARD

Jonathan Awde, Vice-president, Corporate Finance

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Jonathan Awde
Northern Star Mining Corporation
Vice-president, Corporate Finance
TOLL FREE (800) 460-5031 or (819) 825-8088
(819) 825-1199 (FAX)

Northern Star Announces New Drill Results Confirm L-Zone at Malartic-Midway Project

VAL D'OR, QUEBEC--(March 26, 2009) - Northern Star Mining Corporation (TSX VENTURE:NSM; Northern Star Mining or the "Company") is pleased to announce further results from the L-Zone.

Results from hole MC-08-173, indicate the presence of three gold zones with results showing:

HOLE #       From (m)   To (m)  Core length (m)  Grade (g/t Au)  Rock Type

MC-08-173      176.8    181.1              4.3            6.22   Gabbro
               230.0    243.0             13.0             5.6   Gabbro
Including      230.0    233.0              3.0            9.42   Gabbro
Including      237.0    243.0              6.0             6.8   Gabbro

               317.0    324.5              7.5            11.2   Gabbro
Including      321.0    322.0              1.0            14.7   Gabbro
Including      323.9    324.5              0.6           182.0   Gabbro

The initial L-Zone hole, MC-08-160 returned additional assays to the previous announcement of December 11, 2008. The new assays are:

HOLE #       From (m)   To (m)  Core length (m)  Grade (g/t Au)  Rock Type

MC-08-160      113.8    114.9              1.1            8.46   Gabbro
               181.0    182.0              1.0             6.2   Gabbro
               279.0    280.0              1.1             6.6   Gabbro

The initial results from Hole MC-08-160 (previously announced December 11, 2008) were as follows.

HOLE #       From (m)   To (m)  Core length (m)  Grade (g/t Au)  Rock Type

MC-08-160      254.0    258.8              4.8           86.48   Gabbro
Including      256.3    256.8              0.5          802.43   Gabbro
Including      256.3    258.9              2.6          160.69   Gabbro
                33.0     37.9              4.9            5.38   Gabbro

The intercept in hole MC-08-173 (the second hole drilled in the L-Zone discovery) was located approximately 100 meters from the initial intercept in MC-08-160.

The zone is located midway between shaft #1 and the Chabela Zone approximately 500 feet east of shaft #1 and appears to be the eastern extension of a previously mineralized gabbro mined at shaft #1. The true width of the zone is approximately 75 per cent of the drilled intersection.

The Company will focus its exploration efforts on the definition of the size and extension of the L-Zone from both surface and underground drilling. Results will be announced as available.

Eugene Gauthier, Geol, Ing (OIQ), acts as the qualified person of the Company and has reviewed the contents of the news release. The diamond drilling and exploration programs are being carried out under the direct supervision of Eugene Gauthier, Ing (OIQ). The Company is maintaining strict standards for QA (quality assurance) and QC (quality control), by keeping under lock all drill cores, rejects and pulps for further testing. Samples were sent to ALS Chemex and Techni-Lab labs in Val d'Or, Quebec. High grade assays intersections were subject to total gold metallic sieve method in addition to the standard fire assay and AA finish.

ON BEHALF OF THE BOARD

Jonathan Awde, Vice-president, Corporate Finance

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release

Jonathan Awde
Northern Star Mining Corporation
Vice-president, Corporate Finance
Toll Free: 1-800-460-5031 or (819) 825-8088
(819) 825-1199 (FAX)
Website: www.nsmgold.com

Results from surface drill hole targeting lower grade mineralization of the Osisko and Goldex types returned the following:

The drill results continue to develop the gold potential of the Malartic-Midway project, as well as discover gold mineralized zones.

The Company is also scheduled to start its 2009 surface exploration program by mid-March. Drill target areas include the South Porphyry (Osisko boundary area), Midway mine sector, Blake River, Briar Depth and South Briar extensions, and L-Zone.

Eugene Gauthier, Geol, Ing (OIQ), acts as the qualified person of the Company and has reviewed the contents of the news release. The diamond drilling and exploration programs are being carried out under the direct supervision of Eugene Gauthier, Ing (OIQ). The Company is maintaining strict standards for QA (quality assurance) and QC (quality control), by keeping under lock all drill cores, rejects and pulps for further testing. Samples were sent to ALS Chemex and Techni-Lab labs in Val d'Or, Quebec.

ON BEHALF OF THE BOARD

Jonathan Awde, Vice-president, Corporate Finance

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact:

Jonathan Awde
Northern Star Mining Corporation
Vice-president, Corporate Finance
Toll Free: 1-800-460-5031 or (819) 825-8088
(819) 825-1199 (FAX)
Website: www.nsmgold.com

By Henny Sender in New York and Javier Blas in London

Published: March 9 2009 02:00 | Last updated: March 9 2009 02:00

Hedge fund investors who made money last year by betting against investment banks are buying gold as a way of betting against central banks.

The gold bulls include David Einhorn, founder of hedge fund Greenlight Capital, who last year came under the spotlight for his short selling of shares in Lehman after arguing that the bank did not have enough capital to offset its exposure to falling property prices.

Other funds looking at gold include Eton Park and TPG-Axon, investors said.

Their belief in bullion is being expressed even as gold prices have retreated from last month's break above the $1,000 an ounce level. Spot gold in London closed on Friday at $939.10, after falling last week to $900.95 an ounce.

Investors such as Mr Einhorn are turning to gold because they are worried about the response of the US Federal Reserve and other central banks to the economic crisis. A bet on gold is a bet against paper currencies.

"The size of the Fed's balance sheet is exploding and the currency is being debased. Our guess is that if the chairman of the Fed is determined to debase the currency, he will succeed," Mr Einhorn wrote to investors.

"Our instinct is that gold will do well either way: deflation will lead to further steps to debase the currency, while inflation speaks for itself."

Mr Einhorn's comments - and the revelation that he is buying gold - are in line with the views held by other institutional investors in Europe, according to bankers in London.

The head of commodity sales at one bullion bank told the Financial Times that he had never been so busy dealing in gold for large investors.

Goldman Sachs, Morgan Stanley and UBSforecast that the gold price would rise above $1,000 this year.

Peter Munk, chairman of Barrick Gold, the largest bullion miner, told investors last week that all countries had embarked on policies that would favour gold.

"The only option to governments is to print and print more money," he said. "That will end in tears."

Hedge funds had avoided gold because it does not produce yield and costs money to store and insure. But that has become less important as central banks have pushed interest rates to nearly zero, reducing the yields on currencies.

The McKenzie Break property consists of 10 contiguous claims comprising 366 hectares, located in Fiedmont and Courville Townships, about 35 kilometres north of Val d'Or, Quebec.

Tundra Gold, Placer Dome Canada, Western Quebec Mines Inc. and Wesdome Gold Mines previously explored the McKenzie Break property. At least five known, flat-lying gold zones have been identified (see Britannica's news release January 30, 2007). One of these structures, the Number 4 Zone, was partly drilled at 30-metre centres to a 120-metre depth displaying good continuity of gold values (usually above average gold grade for the region). This detailed drilling completed by Wesdome Gold Mines in 2004 outlined the economic potential for gold easily accessed by decline (ramp). Britannica believes minimal additional work would be required to expand these gold bearing structures, at depth. Britannica has completed 9959.4 linear meters (41 holes) of diamond drilling to date on the McKenzie Break Property.

Faced with the impending $400,000 option payment and poor market conditions for raising funds, Britannica approached Northern Star with a proposal to joint venture the further exploration and development of the McKenzie Property in consideration for Northern Star funding the final option payment to Wesdome. Britannica and Northern Star share two common directors and Northern Star owns approximately 9% of the issued and outstanding shares of Britannica.

Upon exercise of the Option, Northern Star and Britannica will enter into a joint venture for the further exploration and development of the McKenzie Break Property with Northern Star as the initial operator. The initial interests of the parties will be Northern Star 60% and Britannica 40% with Northern Star agreeing to fund the first $1,500,000 in exploration expenses on behalf of the joint venture. Thereafter, the parties will be responsible for funding their proportionate share of future exploration and development costs, subject to dilution in the event either party fails to contribute its proportionate share. The joint venture agreement will also provide that if either party's interest is reduced to 5% or less, such interest will automatically be forfeited to the other party without consideration

The Option is subject to the acceptance of the TSX Venture Exchange and the consent of Wesdome.

ON BEHALF OF THE BOARD NORTHERN STAR MINING CORP.

Michel David, President

ON BEHALF OF THE BOARD BRITANNICA RESOURCES CORP.

Jeffrey Cocks, President

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.

The TSX Venture Exchange has not reviewed the present information and is not responsible for the contents of this news release.

Contact:

Michel David
Northern Star Mining Corporation
President
Toll Free: 1-800-460-5031 or (819) 825-8088
(819) 825-1199 (FAX)
Website: www.nsmgold.com

Jeffrey Cocks
Britannica Resources Corp.
President
(819) 825-9311
(819) 825-1199 (FAX)
Website: www.brrgold.com

Gold futures for April delivery rose as much as $23.80, or 2.4 percent, to $1,000.30 an ounce and traded at $999.30 at 9:04 a.m. on the New York Mercantile Exchange’s Comex division. Gold, the only metal to advance in 2008, has rallied every year since 2000.

Results from surface drill hole on the Chabela Zone are:

HOLE #      From (m)  To (m)  Core length (m)   Grade (g/t Au)  Rock Type

MC-08-122     153.5   159.5              6.0             5.21   Gabbro

MC-08-125     154.2   156.5              2.3             5.46   Gabbro

MC-08-126     158.0   160.0              2.0             6.92   Gabbro

MC-08-138     155.5   164.4              8.9             7.77   Gabbro

Including     157.0   159.6              2.6            14.43   Gabbro

Including     161.8   163.0              1.2            10.79   Gabbro

MC-08-138     175.4   177.4              2.0             6.08   Gabbro

In addition, lower grade porphyry of the Osisko and Goldex types was intersected in the upper Chabela area 
and returned:


HOLE #      From (m)  To (m)  Core length (m)   Grade (g/t Au)  Rock Type 

MC-08-118     118.7   127.2              8.5             1.63   Porphyry 

MC-08-119     101.4   107.4              6.0             2.45   Porphyry

The true width of the zone is approximately 75 per cent of the drilled intersection.

The drill results continue to develop the gold potential of the Malartic-Midway project, as well as discover new gold mineralized zones.

Work underground continues. The Decline to the Briar Zone sector has now advanced over 770 meters, with an additional 240 meters advancement of the Chabela branch. The Chabela branch will continue onwards towards the L-Zone discovery area, where other drill results are awaited.

In addition, over 160 meters of lateral cross cut development has been carried out to date in the Chabela area. Development and sampling continues in this sector.

The Company is also scheduled to start its 2009 surface exploration program by mid-March. Drill target areas include the South Porphyry (Osisko boundary area), Midway mine sector, Blake River, Briar Depth and South Briar extensions, and L-Zone.

The Company also announces that Mr. Claude Larouche has resigned as vice-resident of the company. The Company thanks Mr. Larouche for his significant contributions and wishes him the best of success.

Eugene Gauthier, Geol, Ing (OIQ), acts as the qualified person of the Company and has reviewed the contents of the news release. The diamond drilling and exploration programs are being carried out under the direct supervision of Eugene Gauthier, Ing (OIQ). The Company is maintaining strict standards for QA (quality assurance) and QC (quality control), by keeping under lock all drill cores, rejects and pulps for further testing. Samples were sent to ALS Chemex and Techni-Lab labs in Val d'Or, Quebec. High grade assays intersections were subject to total gold metallic sieve method in addition to the standard fire assay and AA finish.

ON BEHALF OF THE BOARD

Jonathan Awde, Vice-president, Corporate Finance

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact:Jonathan Awde Northern Star Mining Corporation Vice-president, Corporate Finance Toll Free: 1-800-460-5031 or (819) 825-8088 (819) 825-1199 (FAX) Website: www.nsmgold.com

By Pham-Duy Nguyen

Jan. 29 (Bloomberg) -- Gold rose, erasing earlier losses, after a slide in U.S. equity markets sparked demand for the precious metal as a store of value. Silver also gained.

U.S. stocks halted a four-day advance as more companies posted poor earnings and jobless claims rose to a record last month. The U.S. House passed an $819 billion stimulus package to help ease the recession. Gold rose 5.5 percent last year as Standard & Poor’s 500 Index lost 38 percent.

“We’re seeing a bit of bounce in gold because of what the equity markets are doing now,” said Matt Zeman, a metals trader at LaSalle Futures Group in Chicago. “Investors are backing out of equities and going to gold and other assets that are viewed as safer.”

Gold futures for April delivery rose $7.30, or 0.8 percent, to $897.30 an ounce at 10:34 a.m. on the New York Mercantile Exchange’s Comex division, after earlier touching $875.70. The contract fell 2.3 percent in the previous two sessions.

Silver futures for March delivery rose 5.2 cents, or 0.4 percent, to $12.015 an ounce. The metal slumped 24 percent in 2008 while gold gained 5.5 percent.

To contact the reporter on this story: Pham-Duy Nguyen in Seattle at pnguyen@bloomberg.net.

Last Updated: January 29, 2009 10:39 EST

The Will Hunting Of Wall Street - "He's Wickid Smawt"

Readers of my blog are very well acquainted with Barry Ritholtz, arguably the best financial blogger on the web. For those of you who are hearing about him for the first time, Barry Ritholtz is the Will Hunting of Wall Street - a down to earth guy who is “wicked smawt”.

On December 8th, he completed this interview with Barron’s (highly recommended reading) in which he gave his outlook on the markets. He provided an outlook on various sectors, including following outlook on gold:

Has gold bottomed?

I don’t know where gold bottoms. We recommended gold for the first time in 2002 or 2003. It was strictly an inflation trade, thanks to Greenspan. And then when the GLD gold ETF first came out, we recommended that. Gold has a date with $1,500 somewhere in the future [up from $763 an ounce now], [now trading at $857] but whether it makes that move from 700 or from 400, I have no idea. You just can’t print that much paper and debase the currency and not see some sort of reaction.”

When really intelligent people talk openly about 5-digit gold, the commodity has moved beyond the fringe and into the mainstream. This potentially bodes very well for North American juniors…..stay tuned.

Regards,
George

Posted in All Recent Posts, Gold $1,000 | No Comments »

Further to the press release of December 11, 2008 where the following results from drill hole MC-08-160 were announced, the Company will now continue the Chabela branch of the decline towards this new discovery for its future exploration and development.

Hole MC-08-160, previously announced, December 11, 2008

HOLE #     From (m)  To (m)  Core length (m)      Grade (g/t Au)  Rock Type

MC-08-160    254.0   258.8     4.8 (15.74ft)     86.48 (2.54opt)  Gabbro
Including    256.3   256.8      0.5 (1.64ft)   802.43 (23.46opt)  Gabbro
Including    256.3   258.9      2.6 (8.53ft)     160.69 (4.7opt)  Gabbro

The new discovery is located approximately 150 meters NNW of the Chabela Zone, and appears to be the eastern extension of the "G" Zone, a significant gold bearing zone that was previously mined at Malartic Goldfields Shaft #1. Historical records of Malartic Goldfields indicate that the "G" zone returned high grade material of over 10g/t. The new zone is being called the "L" Zone.

The Company has carried out additional surface drilling on this new zone and is awaiting results from these other holes. Further drilling is planned from surface and underground at this new discovery.

The decline has now advanced over 930 meters and reached its initial planned depth of 150 meters. The Chabela branch has now reached the Chabela Zone at a depth of 150 meters. The Chabela branch of the decline will now be extended some 170 meters in a NNW direction to reach the new discovery.

Presently work has begun on the two areas of bulk sampling to be carried out in the Chabela Zone, whilst the Briar branch of the decline continues in a WNW direction to reach the Briar and Midway zones at a planned depth of 250 meters.

The Company has also taken delivery of a new scooptram for work in the Chabela Zone.

On surface, the Company is in the process of completing its 2008 surface program on the Malartic-Midway project. 51 holes have been drilled so far this year, with an additional 10 holes drilled from underground.

35 holes were drilled on the Callahan gold project, located immediately north to the Malartic Midway project.

Results from all holes will be released as available.

Michel David, president states "the Company is pleased with its progress in 2008, its planned decline will now explore and develop two entirely different areas of the project, with two access tunnels (Briar and Chabela), and will push the decline towards a third underground working area. We are also eagerly anticipating further results from surface and underground from the new discovery area and other portions of the property".

Eugene Gauthier, Geol, Ing (OIQ), acts as the qualified person of the Company and has reviewed the content of the news release. The underground and surface exploration programs are being carried out under the direct supervision of Eugene Gauthier, Ing., (OIQ).

ON BEHALF OF THE BOARD

Jonathan Awde, Vice-president, Corporate Finance

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact:

Jonathan Awde
Northern Star Mining Corporation
Vice-president, Corporate Finance
(819) 825-8088 or Toll Free: 1-800-460-5031
(819) 825-1199 (FAX)
Website: www.nsmgold.com

Results from surface drill hole MC-08-160 on section 54+00E, intersected a mineralized gabbro and returned the following results:

HOLE #     From (m)  To (m)  Core length (m)     Grade (g/t Au)   Rock Type

MC-08-160    254.0   258.8     4.8 (15.74ft)    86.48 (2.54opt)   Gabbro
Including    256.3   256.8      0.5 (1.64ft)  802.43 (23.46opt)   Gabbro
Including    256.3   258.9      2.6 (8.53ft)    160.69 (4.7opt)   Gabbro

An additional gold mineralized zone was also discovered located some 200 meters above the zone which has returned.

HOLE #     From (m)  To (m)  Core length (m)     Grade (g/t Au)   Rock Type

MC-08-160     33.0    37.9     4.9 (16.07ft)     5.38 (0.15opt)   Gabbro

The zone is located midway between shaft #1 and the Chabela Zone approximately 500 feet east of shaft #1 and appears to be the eastern extension of a previously mineralized gabbro mined at shaft #1. The true width of the zone is approximately 75 per cent of the drilled intersection.

Michel David president, states, "This unanticipated result increases the potential of the Malartic-Midway project by opening up new areas of gold mineralization. It also demonstrates the potential of bonanza type high grade gold intersection."

Drilling continues and further results are expected shortly.

Eugene Gauthier, Geol, Ing (OIQ), acts as the qualified person of the Company and has reviewed the contents of the news release. The diamond drilling and exploration programs are being carried out under the direct supervision of Eugene Gauthier, Ing (OIQ). The Company is maintaining strict standards for QA (quality assurance) and QC (quality control), by keeping under lock all drill cores, rejects and pulps for further testing. Samples were sent to ALS Chemex and Techni-Lab labs in Val d'Or, Quebec. High grade assays intersections were subject to total gold metallic sieve method in addition to the standard fire assay and AA finish.

ON BEHALF OF THE BOARD

Jonathan Awde, Vice-president, Corporate Finance

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact:

Jonathan Awde
Northern Star Mining Corporation
Vice-president, Corporate Finance
(819) 825-8088 or Toll Free: 1-800-460-5031
(819) 825-1199 (FAX)
Website: www.nsmgold.com

First Ever Gold “Backwardation” Could Signal Price Spike As COMEX Runs Out Of Gold

December 11th, 2008

First Ever Gold “Backwardation” Could Signal Price Spike As COMEX Runs Out Of Gold

December 11th, 2008

Stocks ended higher Friday, leaving the market with monthly losses but posting strong gains in a holiday-shortened week that saw investors increasingly confident that much of a dire economic outlook is already priced in. The Dow Jones Industrial Average gained 102 points, or 1.2%, at 8,829, with 23 of its 30 components ending higher. For the week, the blue-chip average jumped 9.2%.

The S&P 500 index rose 8 points, or 1%, to 896. The broad index gained 12% for the week & is up an astounding 144pts (16%) from Friday's intraday lows.

The Nasdaq Composite gained 3 points, or 0.2%, to 1,535. The technology-heavy index jumped 11% for the week.

In Toronto, the Toronto Stock Exchange shook off a sluggish opening to extend gains for a 6th straigh session. As of 1:38 pm, the composite index added 213 pts, or 2.44%, on the strength of consumer staples and financial stocks.

Meanwhile, the TSX Venture Exchange gained 8.82 pts to 757.05, a 53 pt increase on the week.

As you've seen through our industry bulletins, George's blog (http://blog.agoracom.com/) and Peter Grandich's commentary on gold (http://grandich.agoracom.com/), AGORACOM is not surprised by the snap-back rally this week, and in particular the strength in gold stocks. AGORACOM continues to believe there is long term value in the market, and encourages everyone purchasing shares to utilize our online hubs in your due diligence activity.

October 19th, 2008

Posted in Gold $1,000, Small-Cap Helpful Links |

Dear Investors,

Last night at the AGORACOM sponsored Roth China/Vegas Conference, keynote presenter Jim Rogers stated that “Gold will hit its inflation adjusted high of $2200.”

George Tsiolis, President of AGORACOM was in attendance at this exclusive event and reported on the Jim Rogers speech live via his cell phone to his twitter account. For a recap of Jim Rogers’ speech, follow the following link to George’s twitter account and/or his blog.

Follow George’s Twitter

George’s Blog

AGORACOM remains very bullish on Gold, as outlined within George’s extensive “Gold $1,000” blog entries.

Regards,
AGORACOM

The true width of the gold bearing structure is approximately 70% of the drilled intersection. The structure appears open at depth and along strike. Other surface and underground drill holes carried out on the "Chabela Zone" also intersected mineralized gabbro and results are pending.

The Company is also pleased to announce that it has named Mr. Michael N. Waldkirch, B.A., C.G.A. to the position of Chief Financial Officer (CFO). Mr. Waldkirch holds a Bachelor of Arts in Economics from the University of British Columbia and has been a Certified General Accountant since 1998. Since 1999 he has held the position of Senior Partner with the Public Accounting firm Michael Waldkirch and Company, Certified General Accountants in Vancouver, BC. Mr. Waldkirch has extensive experience in providing a wide variety of financial and business consultancy services to public and private companies.

The Company has also retained the services of Mr. Denis Tremblay (Geol. Ing.), (University of Quebec at Chicoutimi, 1975) who also has over 30 years of surface and underground exploration, within the Abitibi Gold Belt. Mr. Tremblay had been named chief geologist of the Company.

Claude P. Larouche, Geol, Ing (OIQ), acts as the qualified person of the Company and has reviewed the contents of the news release. The diamond drilling and exploration programs are being carried out under the direct supervision of Claude P. Larouche, Ing (OIQ). The Company is maintaining strict standards for QA (quality assurance) and QC (quality control), by keeping under lock all drill cores, rejects and pulps for further testing. Samples were sent to ALS Chemex labs in Val d'Or, Quebec.

ON BEHALF OF THE BOARD

Jonathan Awde, Vice-president, Corporate Finance

This press release is available on the official Northern Star Mining IR Hub at http://www.agoracom.com/ir/NorthernStar where retail investors can post questions and receive answers within the business same day, review questions and answers posted by other investors or communicate with fellow investors in a monitored community.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact

Northern Star Mining Corporation
Jonathan Awde
Vice-president, Corporate Finance
(819) 825-8088 or Toll Free: 1-800-460-5031
(819) 825-1199 (FAX)
Website: www.nsmgold.com

Click here to see all recent news from this company

Fear Factor

	By Jon Nadler Oct 9 2008 9:21AM
	www.kitco.com

Good Morning,

The global credit blaze raged on overnight despite signs that additional central banks joined the worldwide rate cut campaign. The intense heat melted Iceland - its banks, stock market, and currency dissolved into a sorry-looking puddle. The financial ramifications of the collapse raised tensions with the UK as it prepared to sue Iceland over lost depositors' savings. On the other hand, it seems like if Icelanders could paddle hard, they might choose a N/E course, and start heading closer to their new savior: Russia.

Cryptic words from Henry Paulson gave some the jitters, and others some hope. The Treasury boss said that he " will use all of the tools we've been given to maximum effectiveness." For now, the translation of "tools" has resulted in one interesting bit of news: Uncle Sam will (temporarily?) 'nationalize' some, or many US banks, to the tune of about a 30% ownership stake. Now that's some capital 'injection.' Welcome to Amerika. One thing Mr. Paulson was not cryptic at all about, was to forecast additional US bank failures. As certain as night following day, that.

Gold prices fell back overnight, as more investors ran to cash (go figure) following Wednesday's widespread rate cuts. Fears persist about the effectiveness of what appear to be desperate acts by desperate men and thus the flight to safer havens continued. However, bullion appears to rotate in and out of phases of liquidation and accumulation. This, despite ultra-confident previous forecasts that the metal was going to rise and only rise, bailout plan or no bailout plan. Does not quite work that way, evidently. High prices have once again put a damper on critical Indian demand - this, at a time when it ought to be roaring ahead. The Dussehra-Diwali festival window is now open, but India's soon-to-be in-laws are not exactly beating a well-worn path to their nearest gold purveyor.

New York spot prices opened under liquidation pressure this morning, quoted at $888.00 - off $18 from yesterday's finish. The decline came despite a marginally weaker greenback (off 0.29 at 89.21 on the index) and a small gain in crude oil (up one quarter at $89.21). Stock futures indicated a positive open for a change, on this, the one-year anniversary of its all-time high of 14,164 - nearly 35 percentage points ago... Unhappy anniversary.

Silver slipped 15 cents to $11.62 while platinum finally found some firmer ground and rose by $26 to $1026.00 per ounce. Palladium added $4 to $197.00 per ounce. Hopefully, gold will find some support near $875 and try to get back to above $900 in short order. Given the amalgam of current conditions across all markets, and the fact that some have now stopped trying to tally the total size of this most serious financial event, gold should inherently be some 50% higher than the price levels with which it is wrestling at this time. At least, that's what we've been told ever since...oh, 1979 or thereabouts.

At the end of the day, most of what we are witnessing today is a product of human emotions and ambitions. Irrational exuberance has been replaced by lucid panic. The extreme of the latter has not yet been reached. You may wish to avert your vision at the time it does. Bloomberg's Matt Benjamin dove into the psychological aspect of the current episode of "Global Fear Factor" and found some interesting angles to ponder. Herewith, excerpts from his article:

"Greed and fear are the emotions that rule markets. Fear is winning.

"People are driven by images of the best and worst that can happen," says George Loewenstein, a professor of psychology and economics at Carnegie Mellon University in Pittsburgh. "The image of the worst is much more vivid in their minds right now." The widespread fear of losses has taken John Maynard Keynes's so-called animal spirits, "a spontaneous urge to action rather than inaction," out of the markets.

Normally, a little fear is a good thing, economists say. For decades after the 1930s, memories of the Great Depression tempered optimism and kept asset bubbles from growing too large. Today's fears, however, have reached an intensity that magnifies every additional piece of information and creates a vicious circle, according to Hersh Shefrin, professor of behavioral finance at Santa Clara University in California. Wall Street's so-called fear index, the VIX, measures the cost of using options as insurance against stock-market losses. It reached an intraday record of 59.06 today.

"When we are panicked we misread signals, we misread mild threats as catastrophic threats and we become unduly conservative," says Shefrin, author of a 2000 paper, "Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing." That's one reason why, even as the Fed made $1 trillion available to banks, lending fell off a cliff. Charles Geisst, a finance professor at Manhattan College in Riverdale, New York, sees a parallel to 1932, with credit markets bad and the stock market falling just ahead of the presidential election that put >Franklin D. Roosevelt in the White House.

"But I'm not sure anyone is FDR this time," says Geisst, author of "Wall Street: a History," who puts the possibility of another Great Depression at 50 percent. "I don't think either candidate has a clue what they're dealing with here. This is more than a political problem that's going to blow over."

When experts and authority figures are uncertain, it's especially crippling, says Paul Slovic, a professor of psychology at the University of Oregon in Eugene and founder of Decision Research, which investigates decision making and risk. "It makes people feel vulnerable and leads to greater anxiety," he says. Within days of his inauguration, Roosevelt declared a bank holiday and held the first of his "fireside chat" radio addresses to try to reassure Americans. In the days after Lehman and AIG melted down last month, President George W. Bush was nearly silent, uttering a total of 160 words about the worst financial crisis since Roosevelt's time.

Another large component of fear is ambiguity, psychologists say. Investors simply don't know what is going on, making them even more anxious. Faced with an unfamiliar situation, humans, like other animals, retreat into "fight or flight" mode, Shefrin says. It's simply going to take time for investors' fears to subside. With asset prices plunging, greed will eventually make a comeback.

"An important aspect of greed is to avoid a situation where others are doing better than you because you remained conservative," say Baruch Fischhoff, a cognitive psychologist at Carnegie Mellon University in Pittsburgh who studies decision making. Some investors are concerned about not being conservative enough, says Stefan Greenberg, a managing director at Lenox Advisors in New York, which counsels high net-worth individuals. His clients are calling to ask if their money-management firms are still solvent and whether they should sell their holdings, moving 100 percent into cash.

"We hear a lot of emotion, we hear a lot of fear" Greenberg says. He is urging clients not to liquidate their portfolios. "Of course there's panic," he says. "The next few months will take a strong stomach."

And so, the "Fearnami" rolls on. No headlines can offer shocking surprises anymore. Like the one about California falling off the cliff unless it receives a $7 billion defibrillator shock application. We are talking about the seventh largest economy in the world if placed into the proper context. When it comes to bulldozing, the current crisis make no distinction between hot (California) or cold (Iceland), or big or small. Find one weak balance sheet, and the entity it is attached to, instantly turns into a potential domino.

Fret.

Jon Nadler

Senior Analyst
Kitco Bullion Dealers Montreal

VAL D'OR, QUEBEC-(Sept. 25, 2008) - Northern Star Mining Corporation (TSX VENTURE:NSM) (Northern Star Mining or the "Company") is pleased to update the following:

1) Construction of the Decline is progressing on schedule and on budget.

2) Surface and underground drilling has been underway since May 2008 in the Malartic-Midway project.

3) Surface diamond drilling on the Callahan project (Kinross/Inmet agreement).

4) Surface diamond drilling beginning next week on the Revillard and Malartic Break projects.

The decline is advancing towards the "Chabela Zone", and will continue towards the "Briar Zone". Any mineralized material encountered is stockpiled at this time. A re-evaluation of the geology and structure confirmed that two main gold bearing structures are present on the Midway property. A higher grade "gabbro-type gold mineralization (6.00 g/t Au) and a lower grade "Porphyry type gold mineralization (2.70 g/t Au). Presently, mineral resources are largely located between surface to a depth of 350 meters. The recent (July 2008) 43-101 compliant mineral resources report started the resources as:

Indicated

Gabbro 930,107 tonnes grading 5.83 g/t Au (174,293 ounces Au)
Porphyry 1,509,732 tonnes grading 2.40 g/t Au (116,492 ounces Au)

Inferred

Gabbro 572,412 tonnes grading 6.56 g/t Au (119,884 ounces Au)
Porphyry 1,469,795 tonnes grading 2.40 g/t Au (113,410 ounces Au)

Historical Resources not yet classified by Northern Star

Shaft # 2 788,158 tonnes grading 6.10 g/t Au (156,391 ounces Au)
Callahan #4 2,480,158 tonnes grading 1.71 g/t Au (124,008 ounces Au)
Amlartic 304,001 tonnes grading 3.10 g/t Au (27,360 ounces Au)

Note: Resources are in situ, non diluted, applying a lower cut-off grade of 1.03 g/t Au for the porphyries and 1.71 g/t Au for the gabbros. The historical resources are historical in nature and were estimated prior to May 30th, 2003 (CIM) and current and adopted guidelines. The Company is not treating these historical resources as current mineral resources under NI-43-101 and they should not be relied upon. Northern Star is planning surface exploration and compilation to upgrade these resources into a 43-101 compliant format.

Surface diamond drilling resumed on the Malartic-Midway project in May 2008.

Approximately 9,000 meters has been carried out on the "Chabela Zone", with over 1,600 samples sent to lab for assay. Results will be released as available.

A new gold mineralized porphyry-gabbro was discovered at a depth of 200 meters, on the new SE Briar Extension. 5 holes, to date for, a total of 2,500 meters have been drilled in this new structure which includes a new porphyry, with an associated gabbro showing significant pyrite mineralization. Assay results will be released when available. This new zone is located approximately 400 meters west of the decline.

On the Kinross-Callahan project, surface drilling started early September and a total of 8 holes have been completed to date. The drilling is testing a new gold mineralized structure parallel and south of the "Amlartic Zone", and also adjacent to the west of the Callahan shaft (250 meters deep).

Following a compilation of last year's drilling on the Revillard project, additional diamond drilling was recommended and will begin in early October along with drilling on the Malartic Break property (Joint Venture with Britannica Resources Corp). A minimum of 3,000 meters is planned.

Northern Star is also evaluating the acquisition of other significant gold projects.

Claude P. Larouche has accepted the position of Executive Vice-president. Mr. Larouche has a BSc geological engineering from University of Quebec (1972) and MSc geology from Carleton University (1974). Mr. Larouche has over 30 years of experience in mining and exploration projects throughout North America with emphasis on the Abitibi gold belt.

Mr. Michel David, president, states that, "With the addition of Mr. Larouche to our management team, the Company now has the experienced personnel in place to move the Company toward its goal of becoming a producing gold Company. Underground decline construction is going very well as is our underground and surface exploration programs. The goal of the ongoing exploration program is to guide the planned bulk sampling initially at the "Chabela Zone", plan the extension to the "Briar Zone", and expand the resource base. The new discovery at SE Briar will also be evaluated from underground."

Claude P. Larouche, Geol, Ing (OIQ), acts as the qualified person of the Company and has reviewed the contents of the news release. The diamond drilling and exploration programs are being carried out under the direct supervision of Claude P. Larouche, Ing (OIQ). The Company is maintaining strict standards for QA (quality assurance) and QC (quality control), by keeping under lock all drill cores, rejects and pulps for further testing. Samples were sent to ALS Chemex labs in Val d'Or, Quebec.

ON BEHALF OF THE BOARD

Jonathan Awde, Vice-president, Corporate Finance

This press release is available on the official Northern Star Mining IR Hub at http://www.agoracom.com/ir/NorthernStar where retail investors can post questions and receive answers within the business same day, review questions and answers posted by other investors or communicate with fellow investors in a monitored community.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact

Northern Star Mining Corporation
Jonathan Awde
Vice-president, Corporate Finance
(819) 825-8088 or Toll Free: 1-800-460-5031
(819) 825-1199 (FAX)
Website: www.nsmgold.com