NORTHERN STAR MINING CORP. ("NSM")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: September 25, 2008
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing documentation with respect to
a Brokered Private Placement announced August 14, 2008 and September
11, 2008:

Debenture: US$42,000,000 raised by 42,000 units with a
principal amount of US$1,000 per unit.

Units: Each unit consists of one transferable senior
secured note ('Note') in the principal amount
of US$1,000 and 750 transferable share
purchase warrants to purchase 750 common
shares. The Notes bear an interest rate of 14%
per annum and will mature in two years from
the date of issuance at 125% of the principal
amount thereof, provided that in the event of
a change in control of the Company, the Notes
will become immediately due and payable. The
Notes are senior-ranking and will be secured
by all of the assets of the Company. The
purchasers of the Units will also receive a
due diligence fee in an amount equal to 5% of
their total subscription amount.

Maturity date: Two years from date of issuance

Interest rate: 14% per annum, calculated and payable
semi-annually (with the first six months'
interest to be prepaid)

Warrants: 31,500,000 share purchase warrants to purchase
31,500,000 shares

Warrant Exercise Price: $1.20 for a five year period

Number of Placees: 162 placees

Agent's Fee: Casimir Capital L.P. will receive US$2,100,000
and 2,100,000 non-transferable agent's
warrants, each exercisable for one share at a
price of $1.20 for a five year period.