Northern Dynasty Reports On Pebble Deposit Drilling Results Update

VANCOUVER, BC - Northern Dynasty Minerals Ltd. reported that core drilling activities at the Pebble Limited Partnership's ("PLP", "Pebble Partnership" or the "Partnership") project site in southwest Alaska continue to intersect long intervals of higher grade mineralization, and demonstrate a very high level of continuity within the Pebble deposit.
The focus of the Partnership's 2008 drill program is to upgrade the classification for a large portion of the mineral resource in the Pebble East area and to delineate the deposit's extent and overall geometry in order to facilitate comprehensive mine planning. To early November 2008, PLP crews had completed 123,000 feet of drilling in 27 infill and step-out holes. Results have been received for 18 holes (numbered 8401 through 8416, 8419 and 8421), and assays are pending for seven other holes. Drilling is ongoing with six rigs working on new holes.
"The primary goal of the 2008 drill program is to allow the Partnership to finalize a Prefeasibility Study next year," said Northern Dynasty President & CEO Ron Thiessen. "The results we are releasing are fully consistent with that goal. Not only do they confirm the consistency and tenor of the Pebble deposit, but also the potential to expand the mineral resource in future."
Thiessen said a revised mineral resource estimate for the Pebble deposit will be complete before year end, and is expected to move a significant proportion of the mineralization in the Pebble East area from an inferred to an indicated category. He added that Northern Dynasty plans to cease reporting on the Pebble West and Pebble East zones separately, and publish a single mineral resource estimate for the overall Pebble Deposit.
The company's address is 020-800 West Pender Street, Vancouver, BC V6C 2V6, (604) 684-6365, fax: (604) 684-8092.