Liberty Star Uranium and Metals Corp (LBSR)

[Eli's Gone]

Re: NAK:

Northern Dynasty Closes First Tranche of Financing for C$10.2

VANCOUVER, Aug. 31, 2015 /PRNewswire/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the "Company") announces that further to its press release of August 10, 2015 it has completed a first tranche closing of the fundraising through a private placement of 25,624,408 Special Warrants exercisable into the Company's listed common shares at a price of C$0.399 per Special Warrant, for gross proceeds of C$10.2 million. The Special Warrants will convert on exercise into common shares of Northern Dynasty on a one-for-one basis.

The company is also advancing towards completing definitive agreements with Cannon Point Resources in respect of the acquisition of 100% of the outstanding shares of Cannon Point.