Northern Dynasty Responds to Short and Distort Campaign

NORTHERN DYNASTY RESPONDS TO SHORT AND DISTORT CAMPAIGN

February 14, 2017, Vancouver, BC – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK)

(“Northern Dynasty ” or the “ Company”) has been made aware of a short and distort campaign by

Kerrisdale Capital which has recently published a negative opinion piece the central theme of which is that

Northern Dynasty’s massive copper/gold project in Alaska is uneconomic. Northern Dynasty will be

responding with a preliminary rebuttal which will appear on its website by the end of the week. The rebuttal

will expose the many inaccuracies and outright misstatements in the Kerrisdale report. Northern Dynasty’s

Pebble Project is indisputably one of the world’s largest undeveloped copper/gold deposits with a potential

mine life which is measured in decades. Kerrisdale ci tes no technical or scientific studies whatsoever and

relies on many unnamed persons who were purported to have been involved with the project several years

ago. Investors should not rely on the Kerrisdale re port and should await the Company’s detailed response

now in progress.

About Northern Dynasty Minerals Ltd.

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada.

Northern Dynasty's principal asset is the Pebble Project in southwest Alaska, USA, 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.northerndynasty.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 U.S. public filings at

www.sec.gov.

Ronald W. Thiessen

President & CEO

Forward Looking Information and other Cautionary Factors 

This  news  release  contains  “forward‐looking  information”  within  the  meaning  of  applicable  Canadian  securities 

legislation, and “forward‐looking statements” within the meaning of the United States Private Securities Litigation 

Reform Act of 1995 (collectively referred to as “forward‐looking information”). The use of any of the words “expect”, 

“plan”, “update” and similar expressions are intended to identify forward‐looking information or statements.  These 

statements include expectations about the nature of the Kerrisdale rebuttal, the size, nature and/or economics of 

the Pebble Project, the success of the Company’s multi‐dimensional strategy to address the pre‐emptive action of 

the EPA, the ability of the Company to proceed with permit applications for the development of the Pebble Project 

and the ability of the Company to obtain the necessary federal and state permits for the development of the Pebble 

Project. Though the Company believes the expectations expressed in its forward‐looking statements are based on 

reasonable assumptions, such statements are subject to future events and third party discretion such as regulatory 

approval.  For  more  information  on  the  Company,  and  the  risks  and  uncertainties  connected  with  its  business, 

Investors should review the Company's home jurisdiction filings at www.sedar.com and its filings with the United 

States Securities and Exchange Commission at www.sec.gov.