COPPER (Cu) PRODUCERS

[NYBob]

NORTHGATE Q2nd-2006 Revenue is $105,348,000.00 -

NORTHGATE TO RESTATE Q2-2006 FINANCIAL RESULTS -



NORTHGATE TO RESTATE Q2-2006 FINANCIAL RESULTS -
(All figures in US dollars except where noted) -

Northgate Minerals Corporation -
(TSX: NGX)(AMEX: NXG) today announced that it is amending
and restating its unaudited financial results for
the second quarter of 2006 in order to correct an
inadvertent accounting error which led to an
overstatement of revenue -

Northgate's restated second quarter revenue
is $105,348,000 rather than $114,695,000 as
from $72,689,000 to $63,342,000, an increase in the
future income tax asset from $32,815,000 to $36,315,000
and a reduction in retained earnings from $95,574,000
to $89,727,000.00 -

Northgate's cash flow from operations, cash generated
during the period and the ending cash position are not
impacted by the restatement.

Since the accounting error was detected and corrected
during the remediation phase of the Corporation's
Sarbanes Oxley 404 project it will not have an adverse
effect on the Corporation's SOX 404 compliance requirement.

Northgate's SOX 404 project continues to remain on
schedule for full compliance by year-end.

Northgate is currently in the process of revising its
second quarter financial statements and MD&A and plans
to file the restated results with Canadian and
US securities regulators early next week.

These statements will also be available on Northgate's
website at -

http://www.northgateminerals.com.

Northgate Minerals Corporation is a gold and copper
mining company focused on operations and opportunities
in the Americas.

The Corporation's principal assets are the 300,000-ounce
per year Kemess South mine in north-central British
Columbia, the adjacent Kemess North deposit, which
contains a Proven and Probable Reserve of 4.1 million ounces
of gold and
the Young-Davidson property in northern Ontario
with a total resource base of 1.5 million ounces of gold.

Northgate is listed on the Toronto Stock Exchange under
the symbol NGX and on the American Stock Exchange under
the symbol NXG.

Forward-Looking Statements
This news release includes certain "forward-looking
statements" within the meaning of section 21E of
the United States Securities Exchange Act of 1934,
as amended. These forward-looking statements include
estimates, forecasts, and statements as to management's
expectations with respect to, among other things, future
metal production and production costs, potential
mineralization and reserves, exploration results, progress
in the development of mineral properties, demand and market
outlook for commodities and future plans and objectives
of Northgate Minerals Corporation (Northgate).
Forward-looking statements generally can be identified by
the use of forward-looking terminology such as "may",
"will", "expect", "intend", "estimate", "anticipate",
"believe", or "continue" or the negative thereof or
variations thereon or similar terminology.
Forward-looking statements are necessarily based upon a
number of estimates and assumptions that, while considered
reasonable by management are inherently subject to
significant business, economic and competitive
uncertainties and contingencies. There can be no assurance
that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. Important factors that could
cause actual results to differ materially from Northgate's
expectations are disclosed under the heading "Risk and
Uncertainties" in Northgate's 2005 Annual Report and under
the heading "Risk Factors" in Northgate's 2005 Annual
Information Form (AIF) both of which are filed with Canadian
regulators on SEDAR (www.sedar.com) and with the United States
Securities and Exchange Commission (www.sec.gov).
Northgate expressly disclaims any intention or obligation
to update or revise any forward-looking statements whether
as a result of new information, future events or otherwise.

Source: Market Wire (September 15, 2006 - 4:00 PM EST)

News by QuoteMedia
www.quotemedia.com

Welcome to -
http://www.investorshub.com/boards/board.asp?board_id=5487

http://www.investorshub.com/boards/board.asp?board_id=5404