Northern Lights Resources : Corporate Presentation - May 2023

NORTHERN LIGHTS

RESOURCES CORP

Exploring High Quality Projects in USA

Secret Pass Project - Gold in Arizona

Medicine Springs Project - Silver/Zinc/Lead in Nevada

C SE : N L R O T C : N L R C F	I nves tor P res e ntation
www.northernlightsresources.com
M ay 2023

D I S C L A I M E R

Certain statements in this presentation are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative and grammatical variations) of such words and phrases or statements that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Forward-looking statements may include, but are not limited to, statements with respect to the future financial or operating performance of the Company and its mineral projects, the estimation of mineral resources, the timing and amount of estimated future production and capital, operating and exploration expenditures. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause Northern Lights Resources Corp. ("Northern Lights" or the "Company") actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.

A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by forward-looking statements, including, but not limited to: global economic conditions; mineral price fluctuations; the Company will require significant amounts of additional capital in the future; competition for properties and experienced employees; minerals industry competition and international trade restrictions; possible loss of interests in exploration and development properties; mining and mineral exploration is inherently dangerous and subject to factors beyond the Company's control; the Company's mineral resources are estimates; the nature of exploration and development projects; environmental regulatory requirements and risks; currency fluctuations; government regulation and policy risks; the Company has no history of mining operations; property title rights; dependence on key personnel and qualified and experienced employees; delineation of mineral reserves and additional mineral resources; insurance coverage; dilution from further equity financing and outstanding stock options and warrants; the market price of the Company's shares; the Company has never paid dividends and may not do so in the foreseeable future; litigation and other legal proceedings; technical innovation and obsolescence; disclosure and internal controls; and conflicts of interest.

Forward-looking statements are made as of the date of this presentation and, except as required by applicable securities laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks and Uncertainties" section in the Company's MD&A filed with Canadian security regulators.

Qualified Person

The qualified person for any technical information in this presentation is Mr. Lee Beasley, Geological Advisor for Northern Lights and a qualified person under NI 43-101.

This presentation shall not constitute an offer to sell or the solicitation of an offer to buy securities.

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I N T R O D U C T I O N

Northern Lights Resources, listed on the CSE and OTC, is focused on exploration and the development of high quality projects located in mining friendly jurisdictions:

Secret Pass Project - Gold, Arizona

• 277 Ha licence area located in the historic Oatman-Katherine gold district of Northwest Arizona that produced over 2 Moz of gold from numerous mines in the area between 1892 and 1940's
• Purchased by NLR in November 2019, 100% ownership, no production royalties.
• Epithermal gold mineralisation is hosted by steeply dipping regional faults running though the license area.
• Numerous targets were identified by geophysics, mapping, and surface stream and rock sampling during 2020.
• Four drill holes drilled at Tin Cup prospect in 2021 returned high- grade gold mineralization up to 30 g/t gold over wide intercepts at depth of less than 80 metres.

Medicine Springs Project - Silver-Zinc-Lead, Nevada

• Potential for shallow silver-zinc-lead Carbonate Replacement Deposit in Elko County Nevada
• Northern Lights invested approximately $300,000 in the project and sold interest to Reyna Silver in December 2022 for approximately $2.3 million in cash and shares plus a 1% NSR royalty.
• Reyna Silver to continue a 5,000 - 7,000 metre drill program in 2023

Northern Light Resources Project Locations

(Note: Historic production information is not NI43-101 compliant and has not been reviewed by a Qualified Person)

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C A P I TA L S T R U C T U R E

• NLR is holding 6 million Reyna Silver

shares as partial consideration for the sale

of the Medicine Springs Project. The

current market value of the Reyna Silver

shares is approximately $1.4m as of 5 May

2023.

• Convertible debt restructured, no further

dilution/issue of NLR shares. Repayment

using Reyna Silver shares. The outstanding

Capital Structure

Shares Outstanding1	48.5 m
Warrants / Options Outstanding3	10.5 m
Share Price2	$0.025
Market Capitalization	$1.2 m
Net Debt and Payables4	($1.1m)
Enterprise Value	$2.3m

Marketable Securities (Reyna

balance of Mirabel debt of US$551,441

Silver Shares)

$1.4m

(approximately $744,445) as of 5 May

2023

• Planned financing in 2023 to fund

continued exploration at Secret Pass

Project in Arizona

1. Closing share price as at May 5, 2023
2. 4,587,401 warrants at 75.0 cents to Aug 19, 2025, 342,000 at 75.0 cents to July 4, 2024, 1,262,777 warrants at 75.0 cents to Jan 22, 2025, 280,000 warrants at 69.0 cents to June 4 , 2025, 255,000 options exercisable at $1.00 cents until Nov 7, 2023, 390,406 options 50.0 cents to July 23, 2025, 200,000 options at 70.0 cents until Dec 10 2025, 50,000 options at 70.0 cents to Jan 13,2026
3. Debt to Mirabel C$744,445 plus other payables of approximately $300,000 as at 5 May 2023

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L E A D E R S H I P - B O A R D A N D M A N A G E M E N T

BOARD

• Albert (Rick) Timcke - Exec Chairman and President

Rick Timcke is a Vancouver-based entrepreneur and financier +30 years. Specializing in the marketing, funding, restructuring and formation of Canadian-based resource issuers listed on both Canadian and US exchanges.

• Jason Bahnsen - Director and CEO

Mr. Bahnsen is a mining engineer with over 30 years of experience in natural resources finance and operations. Mr. Bahnsen holds a B.Sc. in Mining Engineering from the Queen's University in Kingston and an MBA from University of New England, Australia.

• Graham Keevil - Independent Director

GEOLOGICAL TEAM

• Mr. Lee Beasley - Senior Project Geologist

Professional Geologist with +20 years of experience in exploration, planning, executing, and supervising exploration activities for regional prospecting, geochemical sampling, mapping, drill planning, drill rig management, and project generation. Lee has experience working on various types of deposits (intrusion related, epithermal, VMS, sediment hosted, porphyry, and orogenic) in varied types of terrain.

Graham Keevil brings more than 15 years of public listed company experience to the board. Graham is currently the President of Tajiri Resources.

• Richard A. Kelertas - Independent Director

Mr. Kelertas has held various positions in corporate Canada, encompassing sales, marketing, corporate development, corporate banking and equity capital markets, +25 years experience.

• Gordon Tainton - Independent Director

Mr. Tainton has over 30 years of experience at senior management levels in various sectors of the natural resources sector.

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