NLR.CN · 2022-05-16 12:00:00

Corporate Update - Share Issuance

Share Capital & Compensation

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Corporate Update Correction

May 16, 2022 CSE Symbol: NLR

OTCQB: NLRCF

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

or the “Company” )(CSE:NLR, OTC: NLRCF) announces a correction to the total number of

common shares on issue following the conversion of 10,441,600 shares announced in the

Corporate Update news release announced May 16, 2022.

Following the conversion Northern Lights has 143,571,385 shares on issue. that it has issued

10,441,600 common shares of the Company to Mirabel Capital Ltd (the “Investor”) under the

terms of the convertible security agreement announced May 28, 2021 (the “Conversion

Shares”). The Conversion Shares were issued upon the Investor converting US$80,000 of the

original US$ 640,000 principal amount. Following the issue of the Conversion Shares, the

principle outstanding is US$560,000. Please see the NLR announcement of May 28, 2021 for

details of the conversion terms.

For further information on Northern Lights Resources please contact:

Albert Timcke, Executive Chairman and President

Tel: +1 604 608 6163

Jason Bahnsen, Chief Executive Officer

Tel: +1 604 608 6163

Shawn Balaghi, Investor Relations

Tel: +1 604 773 0242

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.