Mr. Jason Bahnsen reports

NLR REDUCES OUTSTANDING DEBT AND PROVIDES CORPORATE UPDATE

Northern Lights Resources Corp. has made a payment of $166,341 (U.S.) to Mirabel Capital Ltd. (investor) under the terms of the revised debt agreement announced by the company on May 5, 2023 (revised agreement). There is a remaining $385,100 (U.S.) of debt payable to the investor under the revised agreement.

Under the revised agreement, the company will repay the outstanding debt to the investor with Reyna Silver Corp. common shares held by the company. Please refer to the company's SEDAR filings for full details of the amended financing agreement.

The company also announces the resignation of non-executive director, Richard Kelertas, from the board of Northern Lights. The company wishes to thank Mr. Kelertas for his dedicated service to Northern Lights since 2017. Graham Keevil, existing non-executive director, will replace Mr. Kelertas as chair of the audit committee.

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. Northern Lights also has exposure to the Medicine Springs project in Nevada via an equity position in Reyna Silver Corp. plus a 1-per-cent future NSR (net smelter return) royalty on the Medicine Springs project.

We seek Safe Harbor.