The expedition was rewarded on its return; Nares was knighted, Markham was promoted to captain. The geography of northern Canada and Greenland is dotted with the names of those connected with the expedition: Nares Strait, Nares Lake, Markham Ice Shelf, Ayles Ice Shelf, and Mount Ayles. The northernmost permanently inhabited place on earth, the settlement of Alert at the northern point of Ellesmere Island, was named for the ship.