Deadline for prospective buyers is noon on Monday, April 2, 2012

MONTREAL, Feb. 20, 2012 /PRNewswire/ – In its capacity as
Court-appointed Receiver, Ernst & Young Inc. is seeking bids for the
assets of Northern Star Mining Corp. and Jake Resources Inc. The
Receiver is particularly interested in receiving offers to purchase all
or substantially all of the assets. Prospective buyers must submit a
bid to the Receiver by noon Eastern Time on Monday, 2 April 2012.

Northern Star Mining Corp. and Jake Resources Inc. conducted business in
the gold mining industry. The companies were involved in gold
exploration and operating an ore processing plant. The exploration and
operation sites are located near Val d’Or, Qu bec, Canada. Their assets
consist of approximately 290 mining claims or interests in mining
claims, an ore processing plant and specialized mining equipment.

To obtain the information package and access to the electronic data
room, interested parties will be asked to sign a non-disclosure
agreement. To do so, please contact Edith Hitt at 514 879 8297 or by
email at edith.hitt@ca.ey.com.

About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and
advisory services. Worldwide, our 152,000 people are united by our
shared values and an unwavering commitment to quality. We make a
difference by helping our people, our clients and our wider communities
achieve their potential.

For more information, please visit ey.com/ca.

Ernst & Young refers to the global organization of member firms of Ernst
& Young Global Limited, each of which is a separate legal entity. Ernst
& Young Global Limited, a UK company limited by guarantee, does not
provide services to clients.

SOURCE ERNST & YOUNG