NORTHERN SUN MINING CORP LBEFF

RE: Hart Project

[angler21]

I really do not know the term dusters but what we have seen was a successful drilling season at Hart. Liberty took a property that had a historical resource of 770,000 tonnes grading 0.9% Ni and throughout this year has drilled up the property that we will see a third mine developing from this property. The company has posted a representation of what the resource looks like on the web site. Looking at the press releases 50 drill holes have been done so far to yield this result. For us to be able to publish 3 Ni43-101 compliant resource estimates, get the Redstone mill up and running, meet TSX requirements, get Redstone up and running - I think that is a pretty successful year. McWatters will also be up and running by Apr and at full capacity by Nov. I really am quite comfortable with the results. Compare our case to many other Ni plays. Compare it to other juniors and we are not unique. Goals and timelines are affected by permits and that is what stalled McWatters. As far as financings - Gary has financed the company when we required the money. Unfortunately we did not foresee the drop in share value through the summer and we had to get financing at a lower share value. That is life. None of us who held shares predicted how much the share value would drop in Dec and now there are fears of recession. I hold my shares because I believe in Liberty. I am not blind to the problems but I think we have accomplished a bunch. I think this spring will be interesting. Our financials in Jan will start reflecting our sales of concentrate. Conversely initial start up costs will also be reflected. We will have to differentiate in our minds one time start up costs with normal costs and revenues. We will also get 3 Ni43-101s and we will see McWatters go into production. Yes spray if you bought at 4 you are not making money. Question is why would you have not sold in Dec and claimed your loss. I have lost money too but I know why we hold onto our stocks.