Mr. Luka Capin reports
NORTHERN LIGHTS RESOURCES HIGHLIGHTS GOLD AND SILVER UNITED STATES PORTFOLIO
Northern Lights Resources Corp. has provided an update on its U.S. asset portfolio, highlighting a strategic royalty interest in Nevada and its 100-per-cent-owned flagship gold project in Arizona.
Medicine Springs project -- 1-per-cent net smelter return royalty
Northern Lights holds a 1-per-cent net smelter return royalty on the Medicine Springs project, located in the Ruby Mountain Valley of northeastern Nevada. The project is currently optioned and operated by Torex Gold Resources Inc., a well-established gold producer.
Historical exploration and drilling by previous operators have identified potential for silver, lead, zinc, copper and gold mineralization, hosted in multiple mineralization styles, including carbonate replacement deposits, and porphyry and skarn systems.
The company views its NSR interest at Medicine Springs as a strategic, non-dilutive asset that provides long-term optionality and leverage to potential future development or transaction activity, while allowing Northern Lights to maintain focus and capital discipline on its core exploration portfolio. Management believes the royalty represents meaningful embedded value, and aligns with the company's strategy of retaining upside exposure to high-quality assets without continuing capital commitments.
Secret Pass gold project -- 100 per cent owned
Secret Pass is located in the historic Oatman-Katherine gold district of northwestern Arizona, a cornerstone asset for Northern Lights. The project benefits from excellent infrastructure, year-round access and a prolific regional setting that has produced several million ounces of gold historically.
Building on prior drilling, surface sampling and geophysical work, the company plans to advance Secret Pass in 2026 through a focused, technically driven exploration program. The historic voluminous data set afforded the company a rapid, low-cost entry into what is clearly showing as a high-grade camp. Planned work is expected to include:
- A comprehensive review and integration of historical geological, geochemical and geophysical data sets;
- Refinement of the geological model to accelerate the development cycle and optimize drill targeting; and
- A full updated recompilation led by Steve McMullan, a PDAC award-winning geologist.
With elevated gold prices driving renewed activity in the district, including the restart of nearby mines previously on care and maintenance, the company believes Secret Pass offers significant discovery potential and remains underexplored relative to the scale of the mineralizing system. Northern Lights believes the project provides a strong springboard for value creation through the application of modern exploration techniques.
Looking ahead
As the company moves into 2026, Northern Lights intends to maintain a disciplined exploration approach while advancing projects with the greatest potential to create shareholder value. The combination of direct exploration upside at Secret Pass and non-dilutive optionality through the Medicine Springs NSR royalty positions the company with multiple avenues for value creation.
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 NSR royalty on the Medicine Springs silver project in Nevada optioned and operated by Torex Gold Resources.
Northern Lights Resources trades under the ticker of NLR on the Canadian Securities Exchange and on the OTC under the ticker NLRCF.
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