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Northern Star Paulsens Mine Record Month

Northern Star Resources (NST) is pleased to advise that it has enjoyed another bumper month at its recently-acquired Paulsens Gold Mine in Western Australia, with the project beating both internal budgets and previous records on all key benchmarks. Gold recovered at Paulsens in August totalled 11,269oz compared with the budget level of 7,643oz. Gold poured was 10,823oz compared with the budget of 7,261oz and gold sold totalled 10,553oz. Importantly, the budget figures were those set at the time Northern Star agreed to pay Intrepid Mines $40 million for Paulsens. These results follow July's then record gold pour of 10,546 oz. The fresh record for August was made more impressive by the fact that it was not boosted by any production hanging over from July. Northern Star amended the milling roster run by Intrepid immediately after settlement from campaign milling three out of four weeks to continuous operation around the clock. It is also notable that three of the four weekly gold pours were consecutive site records with 3,012oz poured in the last week of August. These pours were refined from a record 372kg of gold dore delivered to the Perth Mint Refinery for the month of August. The underground operation produced 8,811 ounces from 21,714 tonnes @ 12.6 g/t. As at the end of the month there were 3,012 ounces gold in transit, 2,708 ounces gold in circuit and the surface stockpiles contain 7,790 ounces of gold ready for processing. Northern Star Managing Director Bill Beament said the latest results highlighted the potential for Paulsens to perform well especially during the first quarter under new ownership. "We are exceeding our own production targets by a substantial margin and at the same time enjoying significant exploration success which has already shown the potential for Paulsens to operate well beyond the current mine plan. "The results by every benchmark are better than we could have wished for and we have every reason to believe that the best is yet to come."