Northern Star Resources Limited (ASX: NST) is pleased to announce that it has completed the sale of its Kundana Assets to Evolution Mining Ltd (ASX: EVN) for A$400 million.

The sale was undertaken as part of Northern Star's strategy to actively manage its asset portfolio with a view to maximising financial returns. Northern Star Managing Director and CEO Stuart Tonkin said the Company has an exceptional pipeline of opportunities with the cashflow and balance sheet to unlock their full value.

'The Kundana sale is consistent with our commitment to actively manage our portfolio and apply strict capital discipline with the objective of achieving the strongest financial returns,' Mr Tonkin said. 'On behalf of Northern Star, I would like to thank Evolution for its co-operation and support throughout the transaction.'

The Kundana Assets comprise the Kundana Operations, Northern Star's 51% interest in each of the East Kundana Production Joint Venture and the East Kundana Exploration Joint Venture, its 75% interest in the West Kundana Farm-in Joint Venture and the Carbine / Carnage gold project. In FY21, the Kundana Assets produced 120,943oz. Northern Star's FY22 production guidance of 1.55-1.65Mozpa1 does not include production from the Kundana sale assets.

Contact:

Troy Irvin

Tel: +61 8 6188 2100

Email: investorrelations@nsrltd.com

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