Mr. Ronald Thiessen reports

NORTHERN DYNASTY PROVIDES UPDATE ON PROPOSED TRANSACTION WITH FIRST QUANTUM MINERALS

Northern Dynasty Minerals Ltd. has agreed to extend the deadline date of the framework agreement with First Quantum Minerals Ltd. to May 31, 2018.

The entry by First Quantum into the option agreement is contingent upon the completion of due diligence, necessary regulatory approvals being obtained, and the successful negotiation of the final form of the option agreement and associated commercial agreements. Investors are cautioned there is no assurance that a transaction will be entered into at the end of the process.

About Northern Dynasty Minerals Ltd.

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary Pebble LP and other wholly owned subsidiaries, is a 100-per-cent interest in a contiguous block of 2,402 mineral claims in southwest Alaska, including the Pebble deposit.

We seek Safe Harbor.