NORTHERN STAR MINING CORP ("NSM-V") - Grant of Stock Options Northern Star Mining Corp. ("Northern Star" or the "Company") announces that it has granted 750,000 stock options to certain employees, officers, consultants and directors at today's closing price. The stock options are subject to the terms of the Company's stock option plan and regulatory approval.

ON BEHALF OF THE BOARD

Jonathan Awde, VP Corporate Finance

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED THE PRESENT INFORMATION AND IS NOT RESPONSIBLE FOR THE CONTENTS OF THIS NEWS RELEASE, WHICH MAY CONTAIN FORWARD LOOKING STATEMENTS.

Capitalization Report for Northern Star Mining Corp Shares Issued: 94964369 Shares Escrow: 13816

TSX Venture closing price for Northern Star Min Date: 2008/11/14 Closing Price: 0.540