Northern Lights Resources Appoints Guy Mahaffy as Chief Executive Officer to Lead Next Phase of Growth

About this update from Northern Lights Resources Corp

Vancouver, BC – TheNewswire -  July 20, 2026 – Northern Lights Resources Corp. (CSE: NLR) (OTC: NLRCF) (FSE: 0ZH0) (“Northern Lights” or the “Company”) is pleased to announce the appointment of Guy Mahaffy as Chief Executive Officer, effective immediately. Mr. Mahaffy brings over 25 years of experience spanning the mining industry, capital markets and corporate development. He has served as an officer and director of several mineral exploration companies and has helped execute a number of successful acquisitions, divestitures, IPOs and financings. This experience includes serving as the Chief Financial Officer of Wallbridge Mining Company Limited until shortly before the spinout of Duluth Metals Limited, and as independent Chair of the Board of Directors of Manitou Gold Inc., until its acquisition by Alamos Gold Inc. Mr. Mahaffy holds the professional designations of Chartered Financial Analyst, Chartered Accountant and Chartered Professional Accountant, as well as a master’s degree from the University of Waterloo. The Board believes his combination of executive leadership, transaction experience and capital markets expertise is well aligned with Northern Lights’ priorities as the Company advances its exploration portfolio. Luka Capin, outgoing CEO of Northern Lights, has stepped down as Chief Executive Officer and will continue to serve as a director, supporting continuity in the Company’s corporate development activities throughout the leadership transition. Mr. Capin commented "Leading Northern Lights through its transformation alongside our stakeholders has been a privilege. The Company is now well capitalized, supported by strong partners and positioned for its next phase of growth. I am proud to hand the reins to Guy, whose experience is ideally suited to guide Northern Lights forward. I look forward to supporting him and the Company through the transition." “I am grateful to Luka and the Board for the support and the opportunity to lead Northern Lights at this important stage,” stated Mr. Mahaffy. “The Company has established a strong platform for growth and my focus will be on disciplined execution as we advance the portfolio, drill priority targets, and move each project through clear technical decision points. I look forward to working with the team to build Northern Lights into a leading exploration company and creating long-term value for...

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