Northern Dynasty Minerals Ltd (NAK)

[slazenger7]

Regarding dismissed and still pending Lawsuits - from the report page 15 - 16 Management Discussion and Analysis -

On February 14, 2017, short seller investment firm Kerrisdale Capital Management LLC published a negative piece (the "Kerrisdale Report") regarding the Pebble Project. Three putative shareholder class actions were filed against the Company and certain of its current officers and directors in US federal courts, specifically the Central District of California (Los Angeles) and the Southern District of New York (New York City). The cases are captioned: Diaz v. Northern Dynasty Minerals Ltd. et al, Case No. 17-cv- 01241 (C.D. Cal.); Kirwin v. Northern Dynasty Minerals Ltd. et al, Case No. 17-cv-01238 (S.D.N.Y.); and Schubert v. Northern Dynasty Minerals, Ltd., et al., Case No. 1:17-CV-02437 (S.D.N.Y.). The complaints appear to rely on the claims made in the Kerrisdale Report and allege damages to a class of investors who purchased shares of the Company prior to the publication of the Kerrisdale Report and allege liability for losses pursuant to Section 10(b) of the Exchange Act of 1934 and SEC Rule 10b-5 thereunder, as well as control person liability against the individual defendants pursuant to Section 20(a) of the Exchange Act.

The plaintiffs in both the Kirwin and Schubert actions have since voluntarily dismissed their claims without prejudice. The Company understands that the plaintiffs in the Diaz action intend to proceed, and amend their complaint in the coming months. The Company will evaluate any new claims in that action when they are filed. The Company believes that the allegations in the existing complaint are without merit, and it intends to defend itself vigorously in the Diaz action."

For further information, refer to the Company’s 2016 Annual Information Form which is filed under the Company’s profile on www.sedar.com.

http://www.northerndynastyminerals.com/i/pdf/ndm/2017-Q2-FS.pdf

.