Northgate reports final audited revenue and net earnings for 2007

    TSX: NGX
    AMEX:   NXG

    VANCOUVER, March 17 /CNW/ - Northgate Minerals Corporation (TSX: NGX,
AMEX:   NXG) today reported final audited revenue and net earnings for 2007.
These figures include a final audit adjustment made subsequent to the release
of the Corporation's unaudited fourth quarter financial statements on
February 28, 2008. As a result of the adjustment, Northgate's fourth quarter
revenue has increased to $95.6 million from $93.7 million and net earnings has
increased to $33.3 million from $32.0 million as previously reported. For the
full year, Northgate's final audited revenue and net earnings are
$337.5 million and $39.4 million, respectively. Cash flow for the fourth
quarter and the full year remains unchanged as the adjustment was non-cash in
    Northgate will file its complete 2007 annual financial statements with
both the Canadian and US Securities regulatory authorities on SEDAR and EDGAR
by March 28, 2008 and expects to release its first quarter 2008 financial
results after market close on May 1, 2008.

    NORTHGATE MINERALS CORPORATION is a mid-tier gold and copper producer
with mining operations, development projects and exploration properties in
Canada and Australia. The company is forecasting over 400,000 ounces of
unhedged gold production in 2008 and is targeting growth through further
acquisitions in stable mining jurisdictions around the world. Northgate is
listed on the Toronto Stock Exchange under the symbol NGX and on the American
Stock Exchange under the symbol NXG.


    This news release contains certain "forward-looking statements" and
"forward-looking information" as defined under applicable Canadian and U.S.
securities laws. Forward-looking statements generally can be identified by the
use of forward-looking terminology such as "may," "will," "expect," "intend,"
"estimate," "anticipate," "believe," or "continue" or the negative thereof or
variations thereon or similar terminology. Forward-looking statements are
necessarily based on a number of estimates and assumptions that are inherently
subject to significant business, economic and competitive uncertainties and
contingencies. Certain of the statements made herein by Northgate Minerals
Corporation ("Northgate") including those related to future financial and
operating performance and those related to Northgate's future exploration and
development activities, are forward-looking and subject to important risk
factors and uncertainties, many of which are beyond the Corporation's ability
to control or predict. Known and unknown factors could cause actual results to
differ materially from those projected in the forward-looking statements. Such
factors include, among others: gold price volatility; fluctuations in foreign
exchange rates and interest rates; impact of any hedging activities;
discrepancies between actual and estimated production, between actual and
estimated reserves and resources and between actual and estimated
metallurgical recoveries; costs of production, capital expenditures, costs and
timing of construction and the development of new deposits; and, success of
exploration activities and permitting time lines. In addition, the factors
described or referred to in the section entitled "Risk Factors" of Northgate's
Annual Information Form (AIF) for the year ended December 31, 2006 or under
the heading "Risks and Uncertainties" of Northgate's 2006 Annual Report, both
of which are available on SEDAR at, should be reviewed in
conjunction with this document. Accordingly, readers should not place undue
reliance on forward-looking statements. The Corporation does not undertake any
obligation to update publicly or release any revisions to forward-looking
statements to reflect events or circumstances after the date of this document
or to reflect the occurrence of unanticipated events, except in each case as
required by law.

For further information:

For further information: Ms. Keren R. Yun, Investor Relations, Tel:
(416) 216-2781, Email:, Website:

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