Northern Dynasty Minerals Ltd.

Northern Dynasty Minerals Ltd. is focused on the development of one of the world’s most important copper-gold-molybdenum deposits, located in southwestern Alaska, USA. The ‘Pebble Project’ contains two major deposits. Pebble West is a 4.1 billion tonne open pit style deposit. Pebble East is a 3.4 billion tonne deposit, which is potentially amenable to low cost underground block caving.

The company’s goal is to optimize the design of the Pebble Project and advance towards an Integrated Development Plan. The company has been engaged in exploration on the project since 2001, and comprehensive engineering, environmental and socioeconomic studies since 2004. US$130 million has been invested in the project to the end of 2006, and a two-phase US$95 million program is planned for 2007.

Alaska offers a positive environment for a state-of-the-art mine development. The State has a long history of a successful mining industry with a rigorous mine permitting process defined in law. Furthermore, power sources, accessible port sites and infrastructure are available for development in an area of favorable terrain for mine construction.

Rio Tinto is a leading international mining group that is recognized for its expertise in underground block caving methods. The group recently acquired a 19.8% ownership stake in Northern Dynasty.

Northern Dynasty Minerals is part of the Hunter Dickinson group of companies. Hunter Dickinson. Hunter Dickinson drives the business of ten public companies with interests in gold, copper, PGM, zinc, molybdenum, lead and silver projects located in Canada, Chile, USA, Mexico, South Africa and China. Through its affiliation with the group Northern Dynasty receives both cost and expertise advantages through access to a shared multidisciplinary team of mining and financial professionals. This includes: management leadership, geological, engineering and environmental expertise, financial acumen, administrative and support services. In 2004 the Directors of Hunter Dickinson Inc. received the ‘Ernst and Young Entrepreneur of the Year’® Pacific Region for the resource industries. The approximate combined market capitalization of the companies serviced by Hunter Dickinson exceeds C$2.3 billion (as of March 2007). Additional information can be found at www.northerndynastyminerals.com and www.hdgold.com