Northgate Minerals Corporation

Looking Into 2009

Produce 392,000 ounces

We will deliver record gold production in 2009

Increase mine life

We will extend the mine life at Fosterville and Stawell through aggressive exploration programs in support of resource delineation and conversion

Reduce operating costs

We will implement a Business Improvement Project to reduce operating costs at Fosterville

Complete feasibility study

We will complete a pre-feasibility and feasibility study at Young-Davidson, with an optimized development plan to achieve a robust rate of return