Mr. Luka Capin reports

NORTHERN LIGHTS COMPLETES SHARES FOR DEBT SETTLEMENT

Northern Lights Resources Corp. has completed a shares-for-debt settlement previously announced on April 9, 2026.

Pursuant to the debt settlement, the company has issued an aggregate of 1.63 million common shares at a deemed price of 12 cents per settlement share to settle $195,600 of outstanding indebtedness owing to certain creditors of the company. As a result of the debt settlement, the indebtedness described above has been fully satisfied and extinguished.

All settlement shares issued pursuant to the debt settlement are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.

"The completion of the debt settlement strengthens the company's balance sheet while preserving cash resources as we continue advancing our exploration projects," stated Luka Capin, chief executive officer of Northern Lights.

Of the total $195,600 of indebtedness settled, $174,000 relates to arm's-length creditors, with the balance relating to an insider of the company.

Insider participation

Certain insiders of the company participated in the debt settlement representing $21,600 of the indebtedness settled and 180,000 settlement shares issued.

The participation of such insiders constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company relied on exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the securities issued to insiders nor the consideration paid exceeds 25 per cent of the company's market capitalization.

No new control person was created as a result of the debt settlement.

Qualified person

Steven McMullan, PGeo, supervised the preparation of and reviewed and approved the scientific and technical information contained in this news release. Mr. McMullan is a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About Northern Lights Resources Corp.

Northern Lights is a growth-oriented exploration and development company advancing three key projects: the Horetzky copper project, located in the Babine porphyry belt of central British Columbia, the Pup copper project in the Yukon and the 100-per-cent-owned Secret Pass gold project located in Arizona. Northern Lights also holds a 1-per-cent net smelter return royalty on the Medicine Springs silver project in Nevada, 100 per cent owned by Torex Gold Resources Inc.

Northern Lights Resources trades under the ticker of NLR on the Canadian Securities Exchange, on the OTC under the ticker NLRCF and on the Frankfurt Stock Exchange under the ticker symbol 0ZH0.

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