Mr. Albert Timcke reports

NLR AMENDS FINANCING AGREEMENT

Mirabel Capital Ltd., an investor, and Northern Lights Resources Corp. have mutually agreed to amend the terms of the financing agreement announced by the company on May 28, 2021.

Under the terms of the amended agreement, Northern Lights has issued 4.83 million common shares of the company to the investor at a price of 5.7 cents per share in conversion of $203,000 (U.S.) (approximately $274,050) of outstanding debt to the investor. Northern Lights' current number of shares outstanding is 48,488,704.

Following the conversion and capitalization of outstanding accrued interest, the total debt outstanding to the investor is $551,441 (U.S.) (approximately $744,445). The investor has waived the further accrual of interest on the outstanding debt. Under the amended terms of the agreement, the company will repay the outstanding debt to the investor with Reyna Silver Corp. common shares. Northern Lights currently holds six million Reyna Silver shares that are subject to resale restrictions, with 25 per cent of the shares being released every six months beginning June 22, 2023. The company intends to repay the outstanding debt with a portion of the Reyna Silver shares as they are released from resale restrictions. The Reyna Silver shares will be transferred to the investor at a price based on the average of the daily volume-weighted average price of the Reyna Silver shares on the TSX-V during the three trading days prior to the investor's receipt thereof.

Please refer to the company's SEDAR filings for full details of the amended financing agreement.

The company also announces a correction to the shares for debt settlement initially announced on Dec. 30, 2022. In the Dec. 30, 2022, announcement, Northern Lights announced the settlement of $80,000 in outstanding debt through the issuance of 3,809,524 shares of the company. The revised amount of $20,000 of creditor debt was settled through the issuance of 952,381 Northern Lights shares.

About Northern Lights Resources Corp.

Northern Lights Resources is a growth-oriented exploration and development company that is advancing two projects: the 100-per-cent-owned Secret Pass gold project located in Arizona; and Northern Lights also has exposure to the Medicine Springs project in Nevada through an equity position in Reyna Silver plus a 1-per-cent future NSR (net smelter return) royalty on the Medicine Springs project.

Northern Lights Resources trades under the ticker of NLR on the Canadian Securities Exchange.

We seek Safe Harbor.