Mr. Luka Capin reports

NORTHERN LIGHTS' MEDICINE SPRINGS NSR ROYALTY TO BE ACQUIRED FOR US$2.2 MILLION

Northern Lights Resources Corp. has entered into a definitive agreement dated April 1, 2026, with an indirect wholly owned subsidiary of Torex Gold Resources Inc. for the sale of the company's 1-per-cent net smelter return (NSR) royalty on the Medicine Springs project, located in Elko county, Nevada, United States, for total cash consideration of $2.2-million (U.S.).

Luka Capin, chief executive officer of Northern Lights, commented: "This transaction represents a highly attractive monetization of a non-core asset and provides meaningful non-dilutive funding to support advancement of the company's higher-impact projects. The sale of the Medicine Springs NSR delivers an excellent outcome for shareholders and further strengthens our financial position as we advance the Horetzky and Pup projects, where we see significant exploration upside. We have followed the evolution of Medicine Springs since originally optioning the project in 2017, and, as a project generator, it is our mandate to unlock value and redeploy capital toward opportunities that offer the clearest path to value creation."

The transaction

Under the terms of the agreement, Torex will acquire the company's entire NSR royalty interest on the Medicine Springs project for a cash payment of $2.2-million (U.S.). Upon closing, Northern Lights will have no further royalty or other interest in the project. The transaction is expected to close in the near term.

About Northern Lights Resources Corp.

Northern Lights Resources 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 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 100 per cent owned by Torex Gold Resources.

Northern Lights trades under NLR on the Canadian Securities Exchange, NLRCF on the OTC (over-the-counter) market and 0ZH0 on the Frankfurt Stock Exchange.

We seek Safe Harbor.