VANCOUVER, May 4, 2017 /PRNewswire/ - Northern
Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the "Company") announces that its wholly-owned US
subsidiary, Alaska-based Pebble Limited Partnership ("Pebble Partnership" or "PLP"), and the US Environmental Protection Agency
("EPA") have filed a Joint Motion in federal court to extend a stay of proceedings in the parties' longstanding legal dispute
over the federal agency's pre-emptive regulatory action under Section 404(c) of the Clean Water Act to May 11, 2017.
The motion states: "The parties have identified a likely framework for settlement and request a short, one-week extension of
the current stay to allow the parties the time necessary to finalize the agreement and obtain the required approvals."
Pebble Partnership CEO Tom Collier: "A great deal of common ground has been established between
the parties, including on the importance of upholding the rule of law when it comes to administering statutorily mandated
processes under the Clean Water Act, the National Environmental Policy Act and other federal statutes. On that
basis, we anticipate achieving a resolution to these matters next week."
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada.
Northern Dynasty's principal asset, owned through its wholly-owned Alaska-based US subsidiary
Pebble Limited Partnership and other wholly-owned subsidiaries, is a 100% interest in a contiguous block of 2,402 mineral claims
in southwest Alaska, including the Pebble deposit. The Pebble Partnership is the proponent of
the Pebble Project, an initiative to develop one of the world's most important mineral resources.
Ronald W. Thiessen
President & CEO
Forward Looking Information and other Cautionary Factors
This release includes certain statements that may be deemed "forward-looking statements". All statements in this
release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or
developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in
its forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as
guarantees of the ultimate size, quality or commercial feasibility of the Pebble Project or of the Company's future performance
or the outcome of litigation. Assumptions used by the Company to develop forward-looking statements include the following: the
Pebble Project will obtain all required environmental and other permits and all land use and other licenses, studies and
development of the Pebble Project will continue to be positive, and no geological or technical problems will occur. The
likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number
of technical, economic and legal objectives, including obtaining necessary mining and construction permits, approvals, licenses
and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural
resource exploration and exploitation, the final outcome of any litigation, completion of pre-feasibility and final feasibility
studies, preparation of all necessary engineering for surface or underground mining and processing facilities as well as receipt
of significant additional financing to fund these objectives as well as funding mine construction. Such funding may not be
available to the Company on acceptable terms or on any terms at all. There is no known ore at the Pebble Project and there is no
assurance that the mineralization at the Pebble Project will ever be classified as ore. The need for compliance with extensive
environmental and socio-economic rules and practices and the requirement for the Company to obtain government permitting can
cause a delay or even abandonment of a mineral project. The Company is also subject to the specific risks inherent in the mining
business as well as general economic and business conditions. For more information on the Company, Investors should review the
Company's filings with the United States Securities and Exchange Commission and its home jurisdiction filings that are available
at www.sedar.com.
SOURCE Northern Dynasty Minerals Ltd.