Northern Lights Resources Corp · CSE:NLR
Northern Lights Resources — Investor Presentation (July 2026)
26 slides from Northern Lights Resources's investor presentation, Jul 20, 2026
Slide 1: Horetzky, Pup and Secret Pass
Peak of Mount Horetzky Exploring Copper and High-Grade Gold at HORETZKY, PUP AND SECRET PASS Advancing Properties of Merit in Top Mining Jurisdictions July 2026 CSE:NLR, OTC:NLRCF, FSE:0ZH0 Q4 2025
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements in this presentation are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not alway
Slide 3: Three Projects. Three Tier-1 Jurisdictions.
Three Projects. Three Tier-1 Jurisdictions. Funded copper exploration in Canada, high-grade gold optionality in Arizona HORETZKY FL AGSH IP COPPER · BABINE PORPHYRY BELT, B. C. Cu District-scale porphyry target: ~3.0 km² soil anomaly peaking above 1% Cu. Teck, South32, Freeport and Boliden fund neig
Slide 4: Funded Copper Exploration with Near-Term Drill Catalysts
Funded Copper Exploration with Near-Term Drill Catalysts Two underexplored Canadian copper opportunities Horetzky: District-Scale B.C. Copper A ~3.0 km2 copper-in-soil anomaly with district-scale porphyry potential in the Babine Belt, where strategic and exploration interest is rising Pup: Near-Term
Slide 5: Horetzky Copper Project, B.C.
Horetzky Copper Project, B.C. A district-scale porphyry target in the Babine Belt 5,000+ hectares, under a 5 year exploration permit A ~3.0 km² copper-in-soil anomaly peaking above 1% Cu (historic sampling), open to the southeast and southwest The anomaly coincides with a strong magnetic signature;
Slide 6: Horetzky Copper Project, B.C.
Horetzky Copper Project, B.C. Historic copper system through a modern lens HISTORIC EVIDENCE MODERN TARGETING Historical work outlined a ~3.0 km² copper-in-soil anomaly Copper-in-soil geochemistry coincident with a magnetic anomaly Numerous soil samples exceeding 1,000 ppm Cu 2025 rock samples retur
Slide 7: Strategic Interest is Rotating Into B.C. Copper
Strategic Interest is Rotating Into B.C. Copper Northern Lights offers early-stage Babine Belt exposure Government backing: July 2, 2026: The Government of Canada committed C$500M to the Red Chris Block Cave project Majors are validating B.C. copper exploration South32 and Teck back American Eagle’s
Slide 8: Pup Copper Project, Yukon
Pup Copper Project, Yukon Permitted, Funded, Maiden Drill Program Planned 2024 discovery: Strong surficial oxidation suggesting significant discovery potential at depth Geology and mineralization analogous to targets in the Minto Copper Belt Located ~10 km west of Dawson City Comprises 90 quartz cla
Slide 9: Pup Copper Project, Yukon
Pup Copper Project, Yukon 2026: the first-ever drill test 2025 Results Surface work expanded Petal to ~1,000 m x 400 m, open northwest and southeast, and brought it to the drill decision stage Ground magnetics at Petal correlate with copper-in-soil values 2026 Program Underway Excavator trenching an
Slide 10: Secret Pass Gold Project, Arizona
Secret Pass Gold Project, Arizona High-grade gold asset in the historic Oatman district 100% owned gold project located 29 km west of Kingman, Arizona and ~15 km north of the historic Oatman Gold District Oatman District produced approximately 2 Moz Au between 1892 and 1940 at an average grade of >1
Slide 11: Secret Pass Gold Project, Arizona
Secret Pass Gold Project, Arizona 100%-Owned Gold Optionality 14,000m across 126 drill holes of historical drilling with intersections of up to 13.6 g/t over 36m • Multiple long high-grade drill intervals including: • 29 m @ 6.7 g/t Au • 18 m @ 3.4 g/t Au • Internal high-grade zones exceeding 30-45
Slide 12: A Fraction of its Peers' Market Caps
A Fraction of its Peers’ Market Caps Trades at C$8M while peers carry up to 26x the valuation American Eagle (C$211M) Kenorland (C$173M) C$8M Northern Lights market cap Kingfisher (C$167M) NovaRed (C$57M) Up to 26x Re-rating headroom to pre-resource B.C. Metal Energy (C$37M) peers Decade (C$17M) 3/3
Slide 13: Comparable Explorers: Deep Value Potential
Comparable Explorers: Deep Value Potential Copper and gold systems across proven North American mineral belts Northern Lights American Eagle Kenorland Kingfisher NovaRed Metal Energy Decade CSE: NLR TSXV: AE TSXV: KLD TSXV: KFR CSE: NRED TSXV: MERG TSXV: DEC Market cap C$8M C$211M C$173M C$167M C$57
Slide 14: Capital Structure
Capital Structure Shareholder Composition 1.7% Total Issued & Outstanding: 70,643,704 19.3% Warrants: 18,950,000 42.1% Options: 6,415,000 Market Capitalization : 1 C$8M 36.9% Share Price : 1 C$0.11 Strategic / Institutional Long-Term Shareholders Retail Management & Insiders Trading Symbol: NLR Trad
Slide 15: Focused on Discovery
Focused on Discovery Tangible progress at each asset, funded near-term catalysts across the portfolio HORETZKY PUP Copper · Babine Porphyry Belt, B.C. Copper · Yukon DELIVERED DELIVERED ✓ Oct 24, 2024 - Optioned the Horetzky Copper Project ✓ Sep 18, 2025 - Optioned the Pup Copper Project ✓ Dec 10, 2
Slide 16: Leadership
Leadership Board of Directors Management Team Steven McMullan, P.Geo Guy Mahaffy, CFA, CA, CPA Geological Advisor & Director CEO Mr. Mahaffy is a senior mining executive with more than 25 years of experience across mineral exploration, capital markets and corporate development. Former Luka Capin CFO
Slide 17: Contact Us
CONTACT US ir@northernlightsresources.com Northernlightsresources.com @LightsResources Logo twitter x png and @LightsResources symbol, meaning, history, PNG, brand Linkedin Icon PNG Northern Lights Resources Images | Free Photos, PNG Stickers, Wallpapers Backgrounds - rawpixel Youtube logo png, Yout
Slide 18: Appendix
Appendix 18 | Corporate Presentation
Slide 19: Bernie Kreft Properties
Bernie Kreft Properties Veteran Canadian Prospector Sitka Gold - ~$450M Market Cap* Clear Creek Property Northern Lights optioned the Horetzky Copper property from Kreft in October 2024 and the Pup property in September 2025 American Eagle Gold - ~$225M Market Cap* 19 | Corporate Presentation NAK Pr
Slide 20: Refining a Historic Copper Target
Refining a Historic Copper Target 58 years of exploration, reinterpreted with modern tools 58 year exploration history (1967–2024) by major and junior operators including Hecla Mining, Rio Algom, CJL Enterprises, Volatus Capital, and Bernie Kreft Large copper soil anomaly (~3.0 km²) identified by He
Slide 21: Horetzky Copper Project - Historic Exploration
Horetzky Copper Project - Historic Exploration A compelling 3.0 km² copper-in-soil anomaly Historic exploration at Mt. Horetzky has delineated a compelling 3.0 km² copper-in-soil geochemical anomaly, with numerous samples exceeding 1,000 ppm Cu. This anomaly coincides with a strong positive magnetic
Slide 22: Secret Pass
Secret Pass 100%-Owned Gold Optionality Secret Pass is located 29 km west of Kingman, Arizona and 15 km north of the historic Oatman Gold Mining district that produced 2 million ounces of gold between 1892 and 1940 at an average gold grade of >15 g/t The license area covers 281 Ha comprised of 67 Ha
Slide 23: Oatman Gold District Rediscovered
Oatman Gold District Rediscovered Higher gold prices revive a historic district Oatman Gold Mining district that produced 2 million ounces of gold between 1892 and 1940 at an average gold grade of >15 g/t In recent years, higher gold prices have created new interest in the Oatman district The Gold R
Slide 24: Secret Pass Gold Project, Arizona
Secret Pass Gold Project, Arizona 2021 Drilling Results, Tin Cup Secret Pass - Phase 1 Drill Program TC21-02 Intersections: In 2021, Northern Lights • 1.61g/t gold over 66.15m from 64.00m, including completed 4 drill holes • 10.07g/t gold over 7.41m from 117.04m and (approximately 610 metres) at the
Slide 25: Oatman Gold District - Regional Geology
Oatman Gold District - Regional Geology The majority of the historic gold mines and significant prospects are found in the Black Mtn. Range and the northern end of the Cerbat Range. The principal host rocks are the late Oligocene to Miocene-age Gold Road andesite/latite (Kgv) and Precambrian-age gra
Slide 26: Secret Pass - Geological Setting & Targets
Secret Pass - Geological Setting & Targets Precambrian basement beneath Tertiary volcanics Geology of the Secret Pass property comprises Precambrian meta-intrusive and gneiss that are unconformably overlain by Tertiary age volcanics. The volcanics consist of a lower sequence of andesite and basalt a
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