Northern Lights Resources Corp · CSE:NLR
Northern Lights Resources — Investor Presentation (September 2026)
26 slides from Northern Lights Resources's investor presentation, September 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 September 2026 CSE:NLR, OTC:NLRCF,Q4 FSE:0ZH0 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 PUP COPPER · YUKON Cu Permitted and funded. Inaugural RC drilling is underway, providing the first-ever direct test of the Petal and Gismo copper targets, with surface rock samples
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 Historical drilling encountered porphyry-style copper mineralization. The 2025 field program identified copper, gold, silver and molybdenum anomalies Pup: Act
Slide 5: 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 2026: The Government of Canada committed C$500M to the Red Chris Block Cave project Majors are validating B.C. copper exploration July 2026: Barrick invested C$20.9M in Ki
Slide 6: Horetzky Copper Project, B.C.
Horetzky Copper Project, B.C. A district-scale porphyry target in the Babine Belt 5,057 hectares under a five-year MYAB exploration permit, provisionally expiring March 31, 2030, authorizing geophysical surveys, surface trenching and sampling, and up to 100 drill holes Established copper district: L
Slide 7: Horetzky Copper Project, B.C.
Horetzky Copper Project, B.C. Integrated geophysics identifies untested exploration targets Untested anomalies: Modern inversion of historical IP/resistivity data identified responses not tested by historical drilling and clarified their location and geometry MobileMT interpretation: The ~120 line-k
Slide 8: Horetzky 3D Geophysical Animation
Horetzky 3D Geophysical Animation A 3D view of the project’s interpreted deep structure Full frame at 25.71 seconds from the Horetzky animation. Click to watch on YouTube. MAGNETIC MODEL >2,500 metres Interpreted multi-phase intrusive complex, from surface to the stated depth limit of the inversion
Slide 9: Pup Copper Project, Yukon
Pup Copper Project, Yukon Permitted, Funded, Inaugural Drilling Underway 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 clai
Slide 10: Pup Copper Project, Yukon
Pup Copper Project, Yukon 2026 Maiden Drill Program Underway 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 Up to 10 shallow RC
Slide 11: 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 12: 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 13: Market Caps of Selected Peers
Market Caps of Selected Peers C$10M market cap, with selected peers valued at up to 24x NLR American Eagle (C$240M) C$10M Kenorland (C$201M) Northern Lights market cap Kingfisher (C$183M) Up to 24x Metal Energy (C$50M) Re-rating headroom to pre-resource B.C. peers Decade (C$41M) 3/3 Northern Lights
Slide 14: 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 Metal Energy Decade CSE: NLR TSXV: AE TSXV: KLD TSXV: KFR TSXV: MERG TSXV: DEC Market cap C$10M C$240M C$201M C$183M C$50M C$41M Market ca
Slide 15: Capital Structure
Capital Structure Shareholder Composition 14% Total Issued & Outstanding: 70,643,704 30% Warrants: 18,950,000 Options: 6,415,000 19% Market Capitalization : 1 C$10M Share Price : 1 C$0.14 Cash : 2 C$3M 37% Strategic Long-Term Shareholders Retail Management & Insiders Trading Symbol: NLR Trading Symb
Slide 16: Focused on Discovery
Focused on Discovery Tangible progress at each asset, funded near-term catalysts across the portfolio HORETZKY PUP Copper · Yukon SECRET PASS Copper · Babine Porphyry Belt, B.C. Gold · Arizona DELIVERED DELIVERED DELIVERED ✓ Oct 24, 2024 - Optioned Horetzky Copper Project ✓ Sep 18, 2025 - Optioned t
Slide 17: Leadership
Leadership Board of Directors Management Team Steven McMullan, P.Geo Luka Capin Geological Advisor & Director Interim CEO & Director Capital markets professional with extensive experience in investor relations, corporate communications and strategic advisory services for public companies. Luka Capin
Slide 18: 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 19: Appendix
Appendix 19 | Corporate Presentation | CSE: NLR · OTC: NLRCF · FSE: 0ZH0
Slide 20: 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* NAK Property * As of June 17, 2026
Slide 21: 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 22: 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 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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