Medicine Springs Option Agreement Conditions Complete

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Medicine Springs Option Agreement

Conditions Complete

November 4, 2020 CSE Symbol: NLR

Vancouver, British Columbia . Northern Lights Resources Corp. (“Northern Lights”

or “NLR”) is pleased to announce that all subsequent conditions to the Medicine Springs

Option and Joint Venture Agreement announced with Reyna Silver Corp. (“Reyna Silver”)

on October 5, 2020, including legal due diligence , have been completed and the

agreement is now binding.

The Medicine Springs Project comprises 1,189 Ha of Federal mineral claims located in

Elko County, Nevada and has the potential to host high-grade silver-zinc-lead Carbonate

Replacement Deposit (“CRD”) mineralization.

The geological team from Northern Lights and Reyna Silver have been at the Medicine

Springs project site for the past several days reviewing the project geology and near term

exploration plans.

Dr. Peter Megaw, Technical Advisor to Reyna commented “Medic ine Springs ticks the

most important boxes we look for in CRD exploration including location on a large regional

structure that hosts significant CRDs, situation at the top of a thick section of structurally-

prepared potentially favorable carbonate host rocks, evidence of high silver grades, and

widespread, multi-stage alteration. Some of the historic dump and rock chip samples run

well over our 400 g/t (12 oz/t) silver threshold and it is quite likely that similar grades were

diluted by the Reverse Circulation drilling used historically in the district. We will be drilling

core to get a true picture of the clearly structurally-controlled mineralization as we trace it

towards its source.”

The Northern Lights and Reyna Silver intend to update investors about the near term

exploration plans for Medicine Springs in the coming weeks.

Reyna Silver is committed to spending a minimum of US$2.4 million in exploration

expenditures and paying Northern Lights a US$1 million cash payment to earn a n 80%

ownership in the Medicine Springs Project with Northern Lights retaining a 20% interest.

Northern Lights is not required to make any cash contribution to project expenditures until

Reyna Silver has spent a minimum of US$4m.

For further information on Medicine Springs Project and Northern Lights Resources

please contact:

2

Albert Timcke, Executive Chairman and President

Email: [email protected]

Tel: +1 604 608 6163

Jason Bahnsen, Chief Executive Officer

Email: [email protected]

Tel: +1 604 608 6163

About Northern Lights Resources Corp.

Northern Lights Resources Corp is a growth -oriented exploration and development

company that is advancing two projects: The 100% owned, Secret Pass Gold Project

located in Arizona ; and the Medicine Springs silver -zinc-lead Project located in Elko

County Nevada where Northern Lights is earning 100% in joint venture with Reyna Silver

Corp.

Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other

Northern Lights Resources news releases can be viewed at www.sedar.com and

www.northernlightsresources.com.

CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION : This news release

includes certain “forward -looking statements” under applicable Canadian securities legislation. Forward -

looking statements include, but are not limited to, statements concerning: the terms and conditions of the

proposed private placement; use of funds; the business and operations of the Company after the proposed

closing of the Offering . Forward -looking statements are necessarily based upon several estimates and

assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties,

and other factors which may cause the actual results and future events to differ materially from those

expressed or implied by such forward -looking statements. Such factors include, but are not limited to

general business, economic, competitive, political and social uncertainties; delay or failure to receive board,

shareholder or regulatory approvals; and the uncertainties surrounding the min eral exploration industry.

There can be no assurance that such statements will prove to be accurate, as actual results and future

events could differ materially from those anticipated in such statements. Accordingly, readers should not

place undue reliance on forward -looking statements. The Company disclaims any intention or obligation

to update or revise any forward -looking statements, whether as a result of new information, future events

or otherwise, except as required by law.