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NORTHERN DYNASTY MINERALS LTD. SHARE OPTION PLAN Last Amended May 17, 2024 TABLE OF CONTENTS Page .

United statesBritish columbiaUnited kingdomProvince of british columbiaPlan to service providersCompany listedService providerConsultants of the corporationManagement company employeeCommon shares of the companyEffective date northern dynasty minerals ltdNorthern dynasty minerals ltdService providersCompany manualAffiliate of the companyEmployee or service provider