Mr. Ronald Thiessen reports

PEBBLE LIMITED PARTNERSHIP INTRODUCES PEBBLE PROJECT CONSIDERATIONS FOCUSED ON A REDUCED MINE-SITE FOOTPRINT AND ENHANCED ENVIRONMENTAL SAFEGUARDS

Tom Collier, president and chief executive officer of the Pebble Limited Partnership, attended today's breakfast forum at the Resource Development Council for Alaska in Anchorage to deliver a presentation outlining current development considerations for the Pebble project that will reduce the project's footprint and significantly enhance environmental safeguards.

Northern Dynasty Minerals Ltd. has posted the presentation on the home page and project overview sections of its new website. The presentation will be recorded and made available for replay by event organizers by the end of the day.

The presentation includes information that represents some of the current development scenarios being investigated for the Pebble project. The Pebble Partnership continues to consider various development options, and, as such, all current development scenarios may be revised to include adjustments and improvements as the Pebble project advances.

Highlights of the presentation include the following.

Development highlights:

• Under the development scenario currently being considered, the footprint of Pebble project's major mine facilities (pit and tailings storage facility) would be reduced to approximately 5.4 square miles.
• Primary mine operations in the Upper Talarik watershed region would be eliminated, minimizing the project's environmental footprint and addressing stakeholder concerns relating to the local salmon population.
• Enhanced tailing storage facilities (TSF) would be constructed with enhanced buttresses, slope and a greater safety factor. Potentially acid-generating tailings would be separated from other tailings and be stored in a lined TSF. All tailings storage would be consolidated to the North Fork Koktuli area.
• Pebble would no longer require the use of waste rock piles, significantly reducing risk associated with acid rock drainage and potential related environmental impacts.
• Pebble would not use cyanide in the recovery process. Cyanide is safely used in Alaska and around the world to increase gold recovery. However, to respond to stakeholder concerns, Pebble would elect not to utilize the material for this particular project.
• The development would include the creation of a new ferry route across Iliamna Lake. The route would minimize the total road area, stream crossings, bridges and culverts for the Pebble mine and ultimately minimize the project's impact on local wetlands.
• The mine would be designed to withstand the greatest possible seismicity predicted by science.

Community benefits:

• Estimated annual revenue to the lake and peninsula borough would be $19-million to $21-million per year. Estimated annual state revenue would be $49-million to $66-million per year, and estimated total job creation for Alaskans would be 1,500 to 2,000.
• The project would include a revenue-sharing concept to enhance local and regional financial benefit.
• The project would align with public policy by prioritizing development of low-cost energy for rural Alaska.
• The Pebble Partnership would work with commercial fishermen on ways to help with non-Pebble-related challenges associated with price and run variability and the decline of local participation in the fishery.
• The development of Pebble would include a business mentoring initiative to ensure that Alaska native village corporations are ready to compete for construction and operations contracts, which could be worth hundreds of millions of dollars annually.

The purpose of the presentation is to facilitate discussions with stakeholders and does not represent an economic analysis, technical mine study, detailed engineering proposal or similar study.

It should not be used as the basis for any investment decision.

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 Limited Partnership 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. The Pebble Partnership is the proponent of the Pebble project, an initiative to develop one of the world's most important mineral resources.

We seek Safe Harbor.