Northern Dynasty re-acquires 100% ownership of southwest Alaska's Pebble Project

   Northern Dynasty re-acquires 100% ownership of southwest Alaska's Pebble

PR Newswire

VANCOUVER, Dec. 13, 2013

Anglo American completes withdrawal from the Pebble Limited Partnership

VANCOUVER, Dec. 13, 2013 /PRNewswire/  - Northern Dynasty Minerals Ltd.  (TSX: 
NDM; NYSE MKT: NAK)  ("Northern Dynasty" or the  "Company") announces that  it 
has exercised its right to acquire  Anglo American (US) Pebble LLC's  ("Anglo 
American") interest in the Pebble Limited Partnership ("Pebble Partnership" or
"PLP"). Northern Dynasty has now re-acquired 100% ownership and control of the
Pebble Partnership. All Anglo American representatives have resigned from  the 
Pebble Mines Corporation Board of Directors.

"During the course of the last six years  and at a cost of US$556 million  (as 
of September 30, 2013), substantial progress has been made toward our goal  of 
permitting,   constructing   and   operating   a   world-class,   modern   and 
environmentally responsible  mine  at  Pebble  that  will  co-exist  with  the 
fisheries resources of  southwest Alaska," said  Northern Dynasty President  & 
CEO Ronald Thiessen.

Thiessen  said  Pebble's   engineering  design,   environmental  science   and 
regulatory planning  are now  sufficiently  advanced that  PLP  will be  in  a 
position  to  trigger  federal  and   state  permitting  under  the   National 
Environmental Policy Act (NEPA)  in the first quarter  of 2014. He added  that 
Northern Dynasty's current focus is to consolidate all of the technical  data, 
engineering work and permitting  documentation related to  Pebble into a  data 
room, with the goal of qualifying and securing a new partner in 2014. A  final 
decision on permit filing will be made in 2014, by the Northern Dynasty Board.

"Our primary focus is to select the right partner for Northern Dynasty and the
right investor for Alaska, a  company with sufficient financial resources  and 
technical capabilities, working experience in  the United States and a  shared 
commitment to environmentally sound and socially responsible development.  We 
have little doubt that  Pebble will attract major  mining company interest  in 
the months ahead."

Northern Dynasty has  launched a  new website to  present current  information 
related to Pebble Project developments at

About the Pebble Project

The Pebble  Project  is  an  initiative  to  responsibly  develop  a  globally 
significant copper, gold  and molybdenum  deposit in southwest  Alaska into  a 
modern, long-life mine, which will benefit not only Northern Dynasty, but  the 
people, culture and industries of the  State of Alaska, as well as  suppliers, 
consultants and industries in the Lower 48 United States of America.

A recent  study authored  by IHS  Global Insight,  entitled The  Economic  and 
Employment Contributions of a Conceptual Pebble Mine to the Alaska and  United 
States Economies found the Pebble Project has the potential to support  15,000 
American jobs and contribute  more than $2.5 billion  annually to US GDP  over 
decades   of    production.   A    copy   the    study   is    available    at

The Pebble Project is located 200  miles southwest of Anchorage on state  land 
designated for mineral exploration and development. It is situated in a region
of rolling  tundra approximately  1,000 feet  above sea-level,  65 miles  from 
tidewater on Cook Inlet and presents favourable conditions for successful mine
site and infrastructure development.

About Northern Dynasty Minerals Ltd.

Northern Dynasty is a Vancouver, Canada-based company whose principal asset is
the Pebble Project, an advanced-stage initiative to develop one of the world's
most important mineral resources.

Ronald W. Thiessen
President & CEO

           Forward Looking Information and other Cautionary Factors

This release includes certain statements  that may be deemed  "forward-looking 
statements".  All  statements  in  this  release,  other  than  statements  of 
historical facts, especially those that address estimated resource quantities,
grades and contained metals, are  forward-looking statements because they  are 
generally made on  the basis of  estimation and extrapolation  from a  limited 
number of drill holes and  metallurgical studies. Although diamond drill  hole 
core provides valuable  information about the  size, shape and  geology of  an 
exploration  project,  there  will  always  remain  a  significant  degree  of 
uncertainty in connection  with these  valuation factors until  a deposit  has 
been extensively drilled on closely spaced centers, which has occurred only in
specific areas  on  the Pebble  Project.  Although the  Company  believes  the 
expectations  expressed  in  its  forward-looking  statements  are  based   on 
reasonable assumptions, such statements should not be in any way construed  as 
guarantees of  the ultimate  size, quality  or commercial  feasibility of  the 
Pebble Project  or of  the  Company's future  performance. The  likelihood  of 
future mining at the Pebble Project is subject to a large number of risks  and 
will require  achievement  of  a  number  of  technical,  economic  and  legal 
objectives, including  obtaining necessary  mining and  construction  permits, 
completion of pre-feasibility  and final feasibility  studies, preparation  of 
all necessary engineering for  underground workings and processing  facilities 
as  well  as  receipt  of  significant  additional  financing  to  fund  these 
objectives as well as funding mine construction, and the ability to secure the
right partner to  assist with  the advancement of  the Pebble  Project from  a 
financial and technical perspective,  and otherwise. Such  funding may not  be 
available to the Company on acceptable terms or on any terms at all. There  is 
no known  ore  at the  Pebble  Project and  there  is no  assurance  that  the 
mineralization at the Pebble Project will ever be classified as ore. The  need 
for compliance  with  extensive  environmental and  socio-economic  rules  and 
practices and the requirement for the Company to obtain government  permitting 
can cause a delay  or even abandonment  of a mineral  project. The Company  is 
also subject to the specific risks inherent in the mining business as well  as 
general economic and business conditions. For more information on the Company,
Investors should review the Company's annual Form 40-F filing with the  United 
States Securities and  Exchange Commission and  its home jurisdiction  filings 
that are available at

SOURCE Northern Dynasty Minerals Ltd.


For further details on Northern Dynasty please visit the Company's website or contact Investor services at (604) 684-6365 or
within North America at 1-800-667-2114. Review Canadian public filings and US public filings
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