Northern Dynasty Provides Update on Proposed Transaction with First Quantum Minerals
Northern Dynasty Provides Update on Proposed Transaction with First Quantum Minerals
April 5, 2018 Vancouver – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or
the "Company") announced today that it has agreed to extend the deadline date of the framework agreement with
First Quantum Minerals Ltd. (“First Quantum”) (TSX: FM) to April 30, 2018 . The original date, as disclosed in the
framework agreement, was April 6, 2018.
The entry by First Quantum into the option agreement is contingent upon the completion of due diligence, necessary
regulatory approvals being obtained and the successful nego tiation of the final form of the option agreement and
associated commercial agreements. Finalization and execution of the option agreement and associated commercial
agreements is expected in the second quarter of 2018. Investors are cautioned there is no assurance that a
transaction will be entered into at the end of the process.
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern
Dynasty's principal asset, owned through its wholly -owned Alaska-based US subsidiary Pebble Limited Partnership
and other wholly-owned subsidiaries, is a 100% interest in a contiguous block of 2,402 mineral claims in southwest
Alaska, including the Pebble deposit. The Pebble Partnership is the proponent of the Pebble Project, an initiative to
develop one of the world's most important mineral resources.
For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at
www.northerndynastyminerals.com or contact Investor services at (604) 684 -6365 or within North America at
1-800-667-2114. Review Canadian public filings at www.sedar.com and US public filings at www.sec.gov.
Ronald W. Thiessen
President & CEO
Canadian Media Contact:
Ian Hamilton, Principal
Longview Communications and Public Affairs
(905) 399-6591
US Media Contact:
Dan Gagnier
Gagnier Communications
(646) 569-5897
Forward Looking Information and other Cautionary Factors
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements
of historical facts, that address exploration drilling, exploitation activities and events or developments that the C ompany expects are forward -
looking statements. Although the Company believes the expectations expressed in its forward -looking statements are based on reasonable
assumptions, such statements should not be in any way construed as guarantees of the ultimate size, quality or commercial feasibility of the
Pebble Project or of the Company's future performance or the outcome of litigation.
Assumptions used by the Company to develop forward- looking statements include the following: the Pebble Project will obtain all required
environmental and other permits and all land use and other licenses, studies and development of the Pebble Project will continue to be positive,
and no geological or technical problems will occur. The likelihood of a partnering transaction is subject to risks related to the satisfactory
completion of due diligence and negotiations, including finalization of definitive agre ements and fulfilment of conditions precedent therein,
including receipt of all necessary approvals. Such process may not be successfully completed or completed on terms satisfactory to the Company.
The likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number of technical,
economic and legal objectives, including obtaining necessary mining and construction permits, approvals, licenses and title on a timely basis and
delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, the
final outcome of any litigation, completion of pre -feasibility and final feasibility studies, preparation of all necessary engineering for surface or
underground mining and processing facilities as well as receipt of significant additional financing to fund these objectives as well as funding mine
construction. Such funding may not be available to the Company on acceptable terms or on any terms at all. There is no known ore at the Pebble
Project and there is no assurance that the mineralization at the Pebble Project will ever be classified as ore. The need for compliance with
extensive environmental and socio -economic rules and practices and the requirement for the Company to obtain government permitting can
cause a delay or even abandonment of a mineral project. The Company is also subject to the specific risks inherent in the mining business as well
as general economic and business conditions. For more information on the Company, Investors should review the Company's filings with the
United States Securities and Exchange Commission and its home jurisdiction filings that are available at www.sedar.com.