Torex Completes its Option of Medicine Springs; Northern Lights Retains 1% Royalty

(TheNewswire)

Vancouver, BC – TheNewswire - March9, 2026 – Northern Lights Resources Corp. (CSE: NLR) (OTC:NLRCF),(“Northern Lights” or the “Company”) is pleased toannounce that Torex Gold Resources Inc. (TSX: TXG) has exercised itsoption to acquire a 100% interest in the Medicine Springs project (the“Project”) located in Nevada, USA.

Northern Lights will retain a 1% Net Smelter Return(“NSR”) royalty on the Project, providing exposure to potentialfuture production with no further capital commitments. The NSR royaltyincludes a buydown provision, allowing Torex to reduce the royalty to0.5% upon payment of US$2.5 million to Northern Lights.

The Project has been the subject of extensivehistorical exploration, including significant drilling by previousoperators. This work identified the potential for silver, lead, zinc,copper, and gold mineralization hosted within multiple mineralizationstyles, including carbonate replacement deposit (CRD), porphyry, andskarn systems.

Luka Capin, Chief Executive Officer of Northern Lights, commented:"Medicine Springs has come a long way since the Companyoriginally optioned the property in 2017. We are pleased to see Torexadvance the project, and we believe the strength of their technicalteam and proven ability to develop major mining projects positionsMedicine Springs for meaningful advancement. Retaining a royaltyinterest allows Northern Lights shareholders to benefit from thelong-term potential of the project while we remain focused onadvancing our core assets."

Qualified Person

Steven McMullan, P. Geo. supervised the preparation ofand reviewed and approved the scientific and technical informationcontained in this news release. Mr McMullan is a qualified person asdefined by National Instrument 43-101 - Standards of Disclosure forMineral Projects.

For Further Information

Luka Capin, Chief ExecutiveOfficer 

Email: ir@northernlightsresources.com 

Tel: +1 647 625 8669

About Northern LightsResources Corp.

Northern Lights Resources Corp is a growth-orientedexploration and development company advancing three key projects: theHoretzky Copper Project, located in the Babine Porphyry belt ofcentral British Columbia, the Pup Copper Project in the Yukon and the100% owned, Secret Pass Gold Project located in Arizona. NorthernLights also holds a 1% NSR royalty on the Medicine Springs SilverProject in Nevada optioned andoperated by Torex Gold Resources Inc.

Northern Lights Resources trades under the ticker of“NLR” on the CSE and on the OTC under the ticker “NLRCF”. Thisand other Northern Lights Resources news releases can be viewed atwww.sedar.com and www.northernlightsresources.com.

CAUTIONARY STATEMENTREGARDING FORWARD-LOOKING INFORMATION: 

This news release contains forward-looking statementsand forward-looking information within the meaning of applicableCanadian securities laws (collectively, “forward-lookingstatements”). Forward-looking statements include, but are notlimited to, statements regarding the anticipated use of proceeds fromthe Offering and the Company’s future exploration activities andcorporate plans. Forward-looking statements are generally identifiedby words such as “anticipates”, “expects”, “intends”,“plans”, “believes”, or similar expressions, or statementsthat certain actions, events or results “may”, “could”,“would”, or “will” occur or be achieved.  Forward-lookingstatements are based on the opinions and estimates of management as ofthe date of this news release and are subject to known and unknownrisks, uncertainties and other factors that may cause actual resultsor events to differ materially from those anticipated in suchforward-looking statements. These risks and uncertainties include, butare not limited to, risks related to exploration activities, changesin market conditions, and other risks described in the Company’spublic disclosure filings available on SEDAR+.  Readers are cautionednot to place undue reliance on forward-looking statements. The Companydoes not undertake any obligation to update or revise anyforward-looking statements except as required by applicable securitieslaws.

Copyright (c) 2026 TheNewswire - All rights reserved.