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Warrants Alert

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Warrant Symbol - NGX.WT.A
Number  Trading - 13,821,138
Expiration Date - Dec. 28, 2006
Cusip - 666416 17 7

Warrants called to trade news:
Northgate to list 13,821,138 warrants June 25

2002-06-21 21:28 ET - Warrants Called to Trade
TSE bulletin 2002-0724
A total of 13,821,138 common share purchase warrants, Series 2, of Northgate Exploration will be listed and posted for trading at the opening on Tuesday, June 25, 2002, under the following trading information.

Symbol: NGX.WT.A
Cusip No.:  666416 17 7
Designated market maker:  J. Lang Jones Gable & Co.
Other markets:  None

The warrants were issued in connection with a recent prospectus offering of units by the company. Please see additional news reported today in Stockwatch for further details regarding the closing of the prospectus offering.
Each whole warrant entitles the holder to purchase one common share of the company at a price of $3.00 per share until 5 p.m. ET on Dec. 28, 2006.
The warrants are governed by the terms of a warrant indenture dated June 25, 2002, between the company and Computershare Trust Company of Canada, as trustee. The warrant indenture provides for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.

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