Northern Dynasty Minerals Ltd.

Northern Dynasty Minerals Ltd.

June 05, 2006 13:33 ET

Northern Dynasty Minerals Ltd.: Pebble Property Unification Completed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 5, 2006) - Northern Dynasty Minerals Ltd. (TSX VENTURE:NDM)(AMEX:NAK) and Hunter Dickinson Group Inc. (now renamed 3537137 Canada Inc.) ("HDGI"), related parties, announce that NDM has completed the acquisition of the remaining 20% carried interest in relation to the Pebble Mineral Property in South Western Alaska with the purchase of 100% of HDGI, which holds the 20% carried interest, in consideration for the issuance to HDGI's seven former shareholders (the "Vendors") of 14,002,268 common shares of NDM (the "Securities"). This press release amends an August 19, 2005 release which stated that the Securities would be issued to HDGI. In concluding the acquisition transaction, NDM has instead purchased 100% of HDGI and issued the Securities to the Vendors. HDGI will be amending an Early Warning Report with the British Columbia, Alberta and Ontario Securities Commissions in respect of the corrections noted above. Copies of the report may be obtained from SEDAR (

Northern Dynasty and its subsidiaries now own a 100% right title and interest in the entire Pebble Mineral Property, subject to up to a 5% net profits interest on the Exploration Lands portion of the Property.

No exchange or regulatory authority has approved or disapproved the information contained in this news release.

Contact Information

  • Northern Dynasty Minerals Ltd.
    Jeffrey Mason
    (604) 684-6365 or Toll Free: 1-800-667-2114
    (604) 684-8092 (FAX)