<div id="readability-page-1"><div>(TheNewswire)Vancouver, BC – TheNewswire -March 20, 2026 – Northern Lights Resources Corp. (“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 withthe policies of the Canadian Securities Exchange (the “CSE”). AllSettlement Shares issued pursuant to the Debt Settlement will besubject to a statutory hold period of four months and one day from thedate of issuance, in accordance with applicable securities laws.Completion of the Debt Settlement remains subject to certainconditions, including receipt of all necessary regulatory approvals,including approval of the CSE.Luka Capin, Chief Executive Officer of Northern Lights,stated: “The proposed Debt Settlement announced today represents animportant step in strengthening the Company’s balance sheet. Thewillingness of creditors to accept shares at a premium to marketreflects their support for Northern Lights, our underlying growthpotential, and the relationships we have built. This transaction isexpected to further improve our financial position as we continue toadvance the Company.”Certain creditors participating in the Debt Settlementinclude insiders of the Company representing $35,000 of theindebtedness. The participation of such insiders will constitute a“related party transaction” within the meaning of MultilateralInstrument 61-101 – Protection of Minority Security Holders inSpecial Transactions (“MI 61-101”). The Company intends to rely onexemptions from the formal valuation and minority shareholder approvalrequirements pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101,as neither the fair market value of the Settlement Shares to be issuedto insiders nor the consideration paid exceeds 25% of the Company’smarket capitalization. No new control person is expected to be createdas a result of the Debt Settlement. The Debt Settlement is expected to close no earlierthan five business days from the date of this news release and remainssubject to CSE acceptance.Qualified PersonSteven McMullan, P. Geo. supervised the preparation ofand reviewed and approved the scientific and technical informationcontained in this news release. Mr. McMullan is a qualified personas defined by National Instrument 43-101 - Standards of Disclosure forMineral Projects.For Further InformationLuka Capin, Chief ExecutiveOfficer Email: ir@northernlightsresources.com Tel: +1 647 625 8669About Northern LightsResources Corp.Northern Lights Resources Corp is a growth-orientedexploration and development company advancing three key projects: theHoretzky Copper Project, located in the Babine Porphyry belt ofcentral British Columbia, the Pup Copper Project in the Yukon and the100% owned, Secret Pass Gold Project located in Arizona. NorthernLights also holds a 1% NSR royalty on the Medicine Springs SilverProject in Nevada 100% owned by Torex Gold Resources Inc.Northern Lights Resources trades under the ticker of“NLR” on the CSE and on the OTC under the ticker “NLRCF”. Thisand other Northern Lights Resources news releases can be viewed atwww.sedarplus.ca and www.northernlightsresources.com.CAUTIONARY STATEMENTREGARDING FORWARD-LOOKING INFORMATION: This news release contains forward-looking statementsand forward-looking information within the meaning of applicableCanadian securities laws (collectively, “forward-lookingstatements”). Forward-looking statements include, but are notlimited to, the Company’s future exploration activities andcorporate plans. Forward-looking statements are generally identifiedby words such as “anticipates”, “expects”, “intends”,“plans”, “believes”, or similar expressions, or statementsthat certain actions, events or results “may”, “could”,“would”, or “will” occur or be achieved. Forward-lookingstatements are based on the opinions and estimates of management as ofthe date of this news release and are subject to known and unknownrisks, uncertainties and other factors that may cause actual resultsor events to differ materially from those anticipated in suchforward-looking statements. These risks and uncertainties include, butare not limited to, risks related to exploration activities, changesin market conditions, and other risks described in the Company’spublic disclosure filings available on SEDAR+. Readers are cautionednot to place undue reliance on forward-looking statements. The Companydoes not undertake any obligation to update or revise anyforward-looking statements except as required by applicable securitieslaws.NOT FOR DISTRIBUTION TO UNITED STATESNEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITEDSTATESCopyright (c) 2026 TheNewswire - All rights reserved.</div></div>

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Northern Lights Resources Corp. announced a proposed debt settlement involving the issuance of up to 1,300,000 common shares at $0.08 each to settle $104,000 in debt. This includes $35,000 owed to insiders, qualifying as a related party transaction. The settlement is subject to regulatory approvals and aims to strengthen the company's balance sheet. CEO Luka Capin emphasized creditor support and the transaction's potential to improve financial standing. The settlement is expected to close within five business days, pending CSE acceptance.

Northern Lights Announces Proposed Shares for Debt Settlement