NLR.CN · 2022-05-17 12:00:00

Northern Lights Announces Share Consolidation

Corporate Actions

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May 17, 2022 CSE Symbol: NLR

OTCQB: NLRCF

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

or the “Company”)(CSE:NLR, OTC: NLRCF) is pleased to announce that it is proceeding with

the consolidation of its common shares on a ten (10) for one (1) basis (the " Consolidation").

The Company's common shares will commence trading on a post-consolidated basis effective

at market opening on May 24, 2022 (the “Effective Date”).

Immediately prior to completion of the Consolidation, the Company has 1 43,571,385 common

shares issued and outstanding. After giving effect to the Consolidation, the Company will have

approximately 14,357,139 common shares issued and outstanding, subject to the rounding of

fractional common shares . The company has been issued with a new Cusip Number

(66538D301), there will be no escrow of shares, and the trading symbol will remain unchanged.

No fractional common shares will be issued as a result of the Consolidation. All fractional

common shares resulting from the Consolidation will be rounded to the nearest whole number

of common shares. The Company's outstanding incentive stock options and warrants will be

adjusted on the same basis ( 10:1) to reflect the Consolidation in accordance with their

respective terms, with proportionate adjustments being made to exercise prices. New warrant

certificates reflecting the Consolidation are not required and will not be issued.

Registered shareholders will receive a letter of transmittal from the Company's transfer agent,

Computershare Investor Services Inc., providing instructions on how to exchange their share

certificates representing pre-Consolidation common shares for new share certificates or Direct

Registration Advice (DRS) representing post-Consolidation common shares to which they are

entitled as a result of the Consolidation. No action is required by non -registered shareholders

(shareholders who hold their common shares through an intermediary) to affect the

Consolidation.

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

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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.