NORTHERN STAR RESOURCES LTD — Director's Dealing 2012

Feb 28, 2012

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	NORTHERN STAR RESOURCES LTD
ABN	43 092 832 892

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Michael GeorgeFOTIOS
Date of last notice	06/01/2012

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect	Indirect
Nature of indirect interest	A	Michael George Fotios <Michael Fotios
(including registered holder)		Family a/c> - an account in which the
Note: Provide details of the circumstances giving rise to the relevant		Directoriscontrollerandhasa
interest.		substantial interest
	B	Delta Resource Management Pty Ltd – a
		company in which the Director is a
		controller and beneficial shareholder
	C	Investmet Limited – a company in which
		the Director is a director and has a
		substantial interest
Date of change	21/02/2012 and 22/02/2012
No. of securities held prior to change	See	attached schedule
Class	i)	Ordinary fully paid shares (NST)
	ii)	Unlistedincentiveoptionsexpiring
		04/09/2013 @ 10c
Number acquired	See	attached schedule
Number disposed	See	attached schedule

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	See attached schedule
No. of securities held after change	See attached schedule
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On market transfers

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

	ge: In the case of a company, interestslosed in this part.	which come within p	which come within p	aragraph (ii) of the defin	ition of “notifiable inter	est of a director” should	be	be
D
	etail of contract			N/A
N	ature of interest
N(i	ame of registered holderf id iti
	ssue secures)
D	ate of change
NiNto	o. and class of securiti	es to which
	nterest related prior to chote: Details are only required for a c	angeontract in relation
	which the interest has changed
I	nterest acquired
I	nterest disposed
VNa
	alue/Considerationote: If consideration is non-cash, prid li	ovide details and
	estmate vauaton
I	f h
	terest ater cange

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed NO above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Schedule of director’s interests – Michael G Fotios

		A	B	C
		Michael George	Delta Resource	Investmet
		Fotios	Management	Limited
	Consider-	<Michael Fotios	Pty Ltd
Securities, date and nature of change	**ation **	Family a/c>
i)Ordinary fully paid shares (NST)
Holding prior to change		5,223,474	12,880,000	65,536,900
Acquisitions
None
Disposals
21/02/2012 on market transfers	$0.90	2,000,000	6,000,000	24,700,000
22/02/2012 on market transfers	$0.90	200,000	400,000	801,000
**Holding after change **		3,023,474	6,480,000	40,035,900
ii) Unlisted options expiring 04/09/2013
@ 10.0c
Holding prior to change		Nil	5,000,000	Nil
No change
**Holding after change **		Nil	5,000,000	Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3