Northern Lights Announces Proposed Shares for Debt Settlement

Vancouver, BC – TheNewswire - March 20, 2026 – Northern Lights Resources Corp. (CSE: NLR) (OTC: NLRCF) (“Northern Lights” or the “Company”) announces a proposed debt settlement pursuant to which the Company intends to issue up to 1,300,000 common shares in the capital of the Company (the “Settlement Shares”) at a deemed price of $0.08 per Settlement Share to settle an aggregate of $104,000 in outstanding indebtedness owing to certain creditors of the Company (the “Debt Settlement”), including directors and consultants. The Settlement Shares will be issued in accordance with the policies of the Canadian Securities Exchange (the “CSE”). All Settlement Shares issued pursuant to the Debt Settlement will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws. Completion of the Debt Settlement remains subject to certain conditions, including receipt of all necessary regulatory approvals, including approval of the CSE.