NORTHERN STAR RESOURCES LTD — Capital/Financing Update 2019

Dec 22, 2019

[ASX: NST ]

ASX Announcement

23 December 2019

CLEANSING NOTICE

Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)

On 17 December 2019, Northern Star Resources Limited (ASX: NST, Northern Star ) announced a proposed A$765 million fully underwritten placement to institutional investors ( Placement ) in connection with its proposed acquisition of all of the shares in Kalgoorlie Lake View Pty Ltd, which holds a 50% interest in Kalgoorlie Consolidated Gold Mines Pty Ltd ( KCGM ) and in the operations and assets managed by KCGM, and certain additional associated assets.

On 18 December 2019, Northern Star announced the successful completion of the Placement. Northern Star has today issued 85,000,000 fully paid ordinary shares at an issue price of A$9.00 each under the Placement ( Placement Shares ).

Northern Star gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) that:

1. Northern Star issued the Placement Shares without disclosure to investors under Part 6D.2 of the Act.

2. As at the date of this notice:

   • a) Northern Star has complied with the provisions of Chapter 2M of the Corporations Act as they apply to Northern Star;

   • b) Northern Star has complied with section 674 of the Corporations Act; and

   • c) there is no "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed by Northern Star under section 708A(6)(e) of the Corporations Act.

Pursuant to ASX Listing Rule 15.5, Northern Star confirms that this announcement has been authorised for provision to ASX by the Northern Star Board.

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HILARY MACDONALD

General Counsel & Company Secretary Northern Star Resources Limited