Northstar Electronics Awarded NOAA NETMIND Contract

Business Wire, Sept 28, 1999

VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 27, 1999--

Northstar Electronics, Inc., (OTC BB:NEIK) is pleased to announce that its wholly owned subsidiary, Northstar Technical Inc. has been awarded a contract to supply its NETMIND Underwater Wireless Management System to the U.S. Government agency, the National Oceanic and Atmospheric Administration (NOAA).

The term of the contract is to September 30, 2000. Orders will be placed against this contract to a maximum of US$350,000. An initial order for NETMIND equipment has been issued concurrent with the award.

The NETMIND system will be used on U.S. Government research vessels, government-chartered fishing vessels, and co-operating foreign research vessels.

Northstar's President, Dr. Wilson Russell, says that this is a pivotal event in the company's growth, as it pursues its mission to become a major supplier to the world's marine electronics industry. "It's a great breakthrough for us," Russell stated, "since this was a competitive bid involving companies that have been recognized international industry leaders. The fact we were the successful bidder speaks well of the technical and price superiority of our NETMIND system."

Northstar is an underwater communications developer and advanced electronics manufacturer.

On Behalf of the Board of Directors,

Dr. Wilson E. Russell President

Note: Included in this release are forward looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and is subject to the safe harbor created by those sections. Although the Company believes the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations reflected in such forward looking statements will prove correct. The Company's actual results could differ materially from those anticipated in the forward looking statements as a result of certain internal and external factors.