Northern Dynasty: Pebble Partnership Expresses Extreme Disappointment in Response to Transportation and Infrastructure Committee Report

VANCOUVER, BC / ACCESSWIRE / October 31, 2022 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company" or "NDM") reports that John Shively, CEO of its 100%-owned U.S.-based subsidiary Pebble Limited Partnership ("Pebble Partnership" or "PLP") released the following statement about last Friday's Transportation and Infrastructure ("T&I") Committee report on the Pebble mine. The statement, reiterated in full below, read:

"To begin, we have not had time to fully review the 163 page report. It was clearly shared with some of the media before it was shared with us. Thus, our comments are initial and we will have more to share with the public."

"We want to be absolutely clear, however, that to the extent the report contains any suggestion that we tried to mislead regulators in any way, it is categorically wrong and misinformed of the realities of the Pebble permitting process."

"We have been forthright and clear in all of our public communications and with regulators that Pebble would need to be permitted in phases. We have been equally clear with all stakeholders that: (a) we were planning to construct and operate an initial mine at Pebble for twenty years, (b) that initial plan did not mine the entire resource, and (c) at some future time, we would likely consider an expansion, but had no formal specific plans for additional mining at Pebble (nor could we given the contingencies associated with the initial phase submitted for permitting). This information was also presented in the Environmental Impact Statement ("EIS") process and related documents for the project. A quick search on the term "expansion scenario" which was what they used for the large mine in the EIS yields more than 300 hits scattered throughout the EIS."