Northern Lights Completes Shares for Debt Settlement

About this update from Northern Lights Resources Corp

Vancouver - Northern Lights Resources Corp. (CSE: NLR) (OTC: NLRCF) ('Northern Lights' or the 'Company') announces that it has completed a shares for debt settlement (the 'Debt Settlement') previously announced on April 9, 2026. Pursuant to the Debt Settlement, the Company has issued an aggregate of 1,630,000 common shares (the 'Settlement Shares') at a deemed price of $0.12 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 ('MI 61-101'). 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% of the Company's market capitalization. No new control person was created as a result of the Debt Settlement. Contact:Luka Capin Chief Executive Officer Email: [email protected] Tel: +1 647 625 8669 About Northern Lights Resources Corp.Northern Lights Resources Corp 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% owned, Secret Pass Gold Project located in Arizona. Nort...

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