NORTHERN SUN MINING CORP LBEFF

AGM Presentation on website

[victor2009]

LBE continues its record of excellent and prompt investor communications. The AGM presentation is on the website at https://www.libertymines.com/Presentations/Annual%20Meeting%202010.pdf

A nice recap of accomplishments to date, and future plans and potential. Some of the commentary I liked:

- Mining and milling cost per tonne targeted to average $58/tonne over the last half of 2010 which is in the bottom quartile of world producers.

- Repayments to Jilin Jien: Repayment of loans schedule confirmed confirmed, and plan to begin redemption of preferred shares - along with reference to JJ's public statement that they supported the share redemption program.

- Feed for the Redstone nickel concentrator for 5years+ at an annual rate of 600,000 tonnes

- Excellent potential to increase Hart tonnage, plus production from lower half of Redstone mine

- Possibility of Groves extending Redstone production or provide a second revenue stream through direct feed to Xstrata

- And the possibility of another revenue stream from the McAra/Ray cobalt resource

and last but not least:

- On target to be a mid-tier producer of nickel by the end of 2010

Its nice to be back to the stage of optimism and looking to future growth potential, as we were before the set back from the global financial and commodity crisis. With the continued management guidance that persevered during those times, when others would have failed or given up, the potential for this company is exciting. The difference between then and now - now LBE has achieved the goal of having a profitable nickel production operation - then it was still dealing with the final approvals and financial requirements.