Torex Completes its Option of Medicine Springs; Northern Lights Retains 1% Royalty

Core Viewpoint - Northern Lights Resources Corp. has announced that Torex Gold Resources Inc. has exercised its option to acquire a 100% interest in the Medicine Springs project located in Nevada, USA [1] Group 1: Project Acquisition - Torex Gold Resources Inc. will acquire a 100% interest in the Medicine Springs project [1] - Northern Lights will retain a 1% Net Smelter Return (NSR) royalty on the project, which includes a provision for Torex to reduce the royalty to 0.5% upon payment of US$2.5 million [2] Group 2: Project Potential - The Medicine Springs project has undergone extensive historical exploration, revealing potential for silver, lead, zinc, copper, and gold mineralization across various styles, including carbonate replacement deposit (CRD), porphyry, and skarn systems [3] Group 3: Company Commentary - Luka Capin, CEO of Northern Lights, expressed confidence in Torex's ability to advance the project, highlighting the strength of their technical team and the potential for meaningful advancement of Medicine Springs [4] Group 4: Company Overview - Northern Lights Resources Corp. is focused on growth through exploration and development, with three key projects: Horetzky Copper Project, Pup Copper Project, and Secret Pass Gold Project, in addition to the Medicine Springs project [6]