NORTHERN SUN MINING CORP LBEFF

RE: CEO Remuneration

[victor2009]

NiceGuyEddie,

Your comment might be intended to suggest that the $300,000 remuneration to Gary Nash is excessive, but I'll not pre-judge your intention, until you expand on it.

The CEO remuneration is a topic the organized gang of bashers has avoided - I think we all know the reason. I think it is something that should be discussed. All public companies disclose the salaries to the top employees - the amounts are easily obtained - any debate would involve whether the amounts are reasonable.

Actually, Gary Nash's 2009 compensation was disclosed as $347,700 (2008 - $655,200). In each year there was $300,000 cash remuneration and the remainder was the estimated value placed on option based awards.

The commentary on compensation policies in the Management Information Circular, included the following information:

Base Salary

Base salary is an important element of compensation, providing a fixed level of income to Named

Executive Officers for the competencies and performance they demonstrate in their roles. When making

base salary decisions, a Named Executive Officer’s skills, relevant experience, level of contribution to the

Corporation, and overall performance is assessed. Executive base salaries were targeted at the median

of similar positions in peer companies namely: First Nickel Inc., Crowflight Minerals Inc., FNX Mining

Company Inc., San Gold Corporation and Lake Shore Gold Corp.

There is further information on determination of annual cash bonuses (none paid in 2009 or 2008), and long term option based incentives.

Opinions will vary on the reasonableness of compensation. In my opinion, retaining the services of Gary Nash for the amounts disclosed above, and in years past, has been a substantial bargain to LBE shareholders. His achievements, under difficult circumstances, are many. They are known by shareholders, I will not expand on them at this time, except to say, when considering them, shareholders should remember during all his years Gary Nash has also handled the Investors Relations function, for the most part without assistance, and to a high quality that is matched by few public companies. Many similar companies expend costs on inhouse and/or outsourced personnel for this function - sometimes at additional costs that would exceed our CEO's remuneration. He also handled the CFO role, during the care and maintenance period. His attention to control of costs is evident by comparison of ratios of G&A expenses to total costs, to that in similar junior companies.

At times, compensation and other G&A expenses appear to get out of control in public companies. This has not been the case with LBE. With a controlling shareholder such as Jilin Jien involved, it can be expected that these policies will continue under Gary Nash's direction. Critics such as Junior Strom like to point out alleged negatives resulting from a company being controlled by one shareholder. A positive I would point out, is it results in initiating and enforcing actions from a shareholder perspective. For instance, I wonder what Jilin Jien's reaction would be to the compensation disclosed by ISM for 2009 and 2008? Or their reaction to the amount expended on Investor Relations?