|January 15, 2014|
Northern Dynasty Acknowledges Completion of EPA's Flawed Bristol Bay Watershed Assessment
|January 15, 2014, Vancouver, BC -- Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the "Company") acknowledges that the US Environmental Protection Agency (EPA) today released the final version of its Bristol Bay Watershed Assessment (BBWA), an initiative launched in February 2011 to assess the effects of current and potential future development on the natural resources of Bristol Bay.|
EPA released drafts of the watershed assessment in May 2012 and April 2013 to widespread criticism about the report's flawed methodology and findings, including from the State of Alaska, Alaska Native groups and expert Peer Reviewers commissioned by the federal agency. Throughout the process of completing the BBWA, EPA has repeatedly failed to meet its own guidelines and policies for watershed assessments, risk assessment and peer review, and violated the US Information Quality Act.
"Publication of the final watershed assessment is really the final chapter in a very sad story," said Northern Dynasty President & CEO Ron Thiessen. "We believe EPA set out to do a flawed analysis of the Pebble Project, and they certainly succeeded with both their first and second drafts of the BBWA. We have every expectation that the final report released today is more of the same."
Thiessen said the final BBWA report does not include any recommendations or regulatory actions that will affect future development of the Pebble Project.
"We look forward to defining a proposed development plan for Pebble and to having it reviewed by federal and state regulatory agencies under the National Environmental Policy Act (NEPA) in the months and years ahead," Thiessen said. "We have every expectation that the Environmental Impact Statement (EIS) process required by NEPA, to be administered by the US Army Corps of Engineers, will ultimately provide a much more rigorous, fair and transparent review of the science surrounding this important project."
About the Pebble Project
The Pebble Project is an initiative of the Pebble Partnership 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 the owner, 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. The IHS Global Insight study is available at www.northerndynasty.com.
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 mineral exploration and development company based in Vancouver, Canada, which holds indirect interests in over 500 sq. miles of mineral claims in southwest Alaska, USA. Northern Dynasty's principal asset is the Pebble Project, an advanced-stage initiative to develop one of the world's most important mineral resources.
For further details on Northern Dynasty please visit the Company's website at www.northerndynasty.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Review Canadian public filings at www.sedar.com and US public filings at www.sec.gov.
Ronald W. Thiessen
President & CEO
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