Northern Lights Announces Closing of NSR Royalty Transaction and Proposed Shares for Debt Settlement

Vancouver, BC – TheNewswire - April 9, 2026 – Northern Lights Resources Corp. (CSE: NLR) (OTC: NLRCF)(FSE: 0ZH0)(“Northern Lights” or the “Company”) is pleased to announce that it has completed the previously announced sale of the Company's 1% Net Smelter Return (“NSR”) royalty on the Medicine Springs Project (the “Project”), located in Elko County, Nevada, USA, for total cash consideration of US$2,200,000 (the “Transaction”) to an indirect wholly owned subsidiary of Torex Gold Resources Inc. (“Torex”). The Company would also like to announce a proposed debt settlement pursuant to which the Company intends to issue up to 1,630,000 common shares in the capital of the Company (the “Settlement Shares”) at a deemed price of $0.12 per Settlement Share to settle an aggregate of CAD$195,600 in outstanding indebtedness owing to certain creditors of the Company (the “Debt Settlement”), including officers and consultants.