NORTHERN DYNASTY MINING

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NORTHERN DYNASTY TO CHANGE SYMBOLS AND TRADE UNDER AMEX:NAK LISTING


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 3, 2004) - Ronald W. Thiessen, President and CEO of Northern Dynasty Minerals Ltd. (TSX Venture: NDM; AMEX:NAK) is pleased to announce that Northern Dynasty has received formal approval to list its common share on the American Stock Exchange (AMEX). AMEX has advised that the approval is contingent on Northern Dynasty being in compliance with all applicable listing standards on the date that it begins trading on the exchange, and may be rescinded of the Company is not in compliance with such standards. Effective, November 4, 2004, the Company will be listed for trading on AMEX under the symbol "NAK". The Company will continue to trade on the TSX Venture Exchange under the symbol "NDM".

President and CEO Ron Thiessen said "Management and the Board of Directors of Northern Dynasty are pleased to have secured this listing as it will provide many interested investors in the United States with greater transparency about the activities of the Company as well as more convenience and readily accessible trading opportunities. The AMEX listing will be advantageous as the Company advances the Pebble Gold-Copper-Molybdenum Project in Alaska."

Chairman Robert Dickinson said "I am very pleased that Northern Dynasty has secured this listing. The Pebble Project made an important transition in 2004 from exploration to detailed work that will support mine planning and permitting. The AMEX listing will assist us in providing timely information to the American market."

Northern Dynasty is advancing the Pebble Gold-Copper-Molybdenum Project, located in southwestern Alaska. A US$25 million comprehensive work program for 2004 is nearing completion. This program is designed to collect the engineering, environmental and socioeconomic data for completion in 2005 of a Bankable Feasibility Study and permit applications for the construction and operation of a long life, large-scale, open pit gold-copper-molybdenum mine.

For further details on Northern Dynasty and the Pebble project please visit the Company's website at www.northerndynastyminerals.com or contact Investor Services at [phone] or within North America at 1-800-667-2114 or review Northern Dynasty's Canadian public filings at www.sedar.com and US public filings at www.sec.gov.

ON BEHALF OF THE BOARD OF DIRECTORS

Ronald W. Thiessen, President and CEO