Northern Empire Announces Private Placement with Endeavour Capital Corporation

02/18/2002

Northern Empire Minerals Ltd. ("Empire") wishes to announce, subject to regulatory approval a non-brokered private placement for 638,000 units at $0.65 for gross proceeds of $414,700 to Endeavour Capital Corporation and four other placees. Each unit shall consist of one common share and one half of one share purchase warrant. Each share purchase warrant will entitle the holder to purchase an additional share at a price of $0.85 for a period of two years. The private placement shall consist of 330,000 flow-through units and 308,000 non flow-through units. The company intends to use the proceeds of the private placement for general working capital and to fund the company's ongoing diamond exploration programs.

On behalf of the Board,

NORTHERN EMPIRE MINERALS LTD.

"John E. Robins"                                   

John Robins, P. Geo.
President
 
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