About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. operates as a mineral exploration company. The company's Alaska mineral resource exploration business is operated through a wholly-owned Alaskan registered limited partnership, the Pebble Limited Partnership (the 'Pebble Partnership' or 'PLP'), in which it owns a 100% interest through an Alaskan general partnership, the Northern Dynasty Partnership, which is a partnership formed by the company and a wholly-owned subsidiary. An indirectly wholly-owned subsidiary of the company, Pebble Mines Corp. is the general partner of the Pebble Partnership and responsible for its day-to-day operations. The company focuses on the exploration and advancement towards feasibility, permitting and ultimately development of the Pebble Project, a copper-gold-molybdenum-silver-rhenium mineral project located in southwest Alaska (the 'Pebble Project' or the 'Project'). The Pebble Project is consisted of mineral claims that are held by subsidiaries of the Pebble Partnership, which is a 100% wholly-owned subsidiary of the company. The company acquired a 100% interest the Pebble Project from an Alaskan subsidiary of Teck Resources Limited (Teck). The Pebble deposit is located in southwest Alaska, approximately 200 miles southwest of Anchorage, 17 miles northwest of the village of Iliamna, 100 miles northeast of Bristol Bay. The company holds indirectly through Pebble East Claims Corporation and Pebble West Claims Corporation, wholly-owned subsidiaries of the wholly-owned Pebble Partnership, a 100% interest in a contiguous block of 1,840 administratively active mining claims and leasehold locations covering approximately 274 mi (which includes the Pebble deposit). The claim boundaries have not been surveyed. History The company was incorporated in 1983 pursuant to the Company Act of the province of British Columbia under the name Dynasty Resources Inc. and changed its name to Northern Dynasty Explorations Ltd. in 1983. Further, the company changed its name to Northern Dynasty Minerals Ltd. in 1997.