Northern Star Mining Corporation
TSX VENTURE : NSM

Northern Star Mining Corporation

January 26, 2007 10:19 ET

Northern Star Options Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 26, 2007) - Northern Star Mining Corp. (TSX VENTURE:NSM) is pleased to announce that it has entered into an option agreement with NioGold Mining Corporation ("NioGold") whereby NioGold can acquire a 50 % interest in three claims covering 106 hectares located in Malartic Township Quebec.

Under the terms of the option agreement, NioGold can earn a 50 % interest in the claims by paying $ 10,000 and issuing 200,000 common shares to Northern Star on the signing of the option agreement and incurring at least $100,000 of exploration and development expenses on the claims within two years. The claims are subject to a 2 % net smelter return royalty ("NSR") held by Virginia Mines Inc., which 50 % of the NSR (1%) can be purchased for $1,000,000.

ON BEHALF OF THE BOARD

Michel David, President

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

Contact Information

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