Northern Lights Resources Releases Del Under - Mongolia
Termination of Del Undur Agreement
February 1, 2019 CSE Symbol: NLR
Vancouver, British Columbia. Northern Lights Resources Corp. (the “Company” or
“Northern Lights”) announces that it has terminated the earn in agreement to acquire the
Del Undur titanium and polymetallic project in Mongolia.
In June 2017, Northern Lights entered into an earn in agreement with a Mongolian based
company, EMIC LLC to acquire a 100% interest in the Del Undur project located in north
eastern Mongolia. The Del Undur project is prospective to host a large scale titanium and
polymetallic mineral deposit.
Following the completion of a strategic review, Northern Lights has elected to withdraw
from the Del Undur agreement and focus on the development of the Medicine Springs
silver-zinc-lead project located in Nevada where exploration work completed to date
continues to show strong potential for the project to host an open pitable oxide deposit
and potential to host a carbonate replacement deposit at depth.
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth oriented exploration and development
company with two advanced exploration projects:
1. Medicine Springs Project – Northern has entered into an agreement to acquire
100% equity interest in the Medicine Springs Project, a prospective zinc-lead-silver
property located in southeastern Elko County, Nevada. The Medicine Springs
property consists of 149 unpatented mineral claims (1,189 hectares) and is an
advanced exploration project with extensive drilling and many significant silver-
zinc-lead intercepts.
The geological information in this news release has been reviewed by Mr. Gary Artmont,
Head of Geology for Northern Lights and is a Qualified Person under the guidelines of
National Instrument 43-101.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: [email protected]
Tel: +1 604 608 6163
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2
Or
Jason Bahnsen, Chief Executive Officer
Email: [email protected]
Tel: +1 604 608 6163
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 with respect to: 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 a number of
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 mineral
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.