Ernst & Young Inc. is seeking bids for the assets of Northern Star Mining Corp. and Jake Resources Inc.

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

MONTREAL, Feb. 20, 2012 /CNW Telbec/ - 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, Québec, 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

For further information:

Julie Fournier
julie.fournier@ca.ey.com
514 874 4308


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