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NorthWest Copper Pronounces C$13.Zero Million Purchased Deal Personal Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES VANCOUVER, British Columbia, March 08, 2021 (GLOBE NEWSWIRE) — NorthWest Copper Corp. (“NorthWest Copper” or the “Firm”) (TSXV:NWST) is happy to announce that it has entered into an settlement with PI Monetary Corp. (“PI Monetary”), pursuant to which a syndicate of underwriters led by PI Monetary, have agreed to buy 3,750,000 frequent shares (the “Shares”), 5,000,000 flow-through frequent shares (the “FT Shares”), and 4,550,000 charity flow-through frequent shares (the “Charity FT Shares”) on a purchased deal personal placement foundation (the “Providing”). The FT Shares and the Charity FT Shares will qualify as “flow-through shares” inside the which means of the Earnings Tax Act (Canada). The Shares shall be offered at a value of C$0.80 per Share (the “Providing Worth”), the FT Shares shall be offered at a value of C$1.00 per FT Share (the “FT Providing Worth”) and the Charity FT Shares shall be offered at a value of C$1.10 per Charity FT Share (the “Charity FT Providing Worth”), for mixture gross proceeds of C$13,005,000. The Firm has additionally granted the underwriters an choice to cowl over-allotments (the “Underwriters’ Possibility”), which can permit the underwriters to supply as much as an extra 20% of the Providing, on the identical phrases. The Underwriters’ Possibility could also be exercised in complete or partially at any time previous to the closing of the Providing, in any mixture of Shares, FT Shares, and Charity FT Shares. The gross proceeds raised from the Shares shall be used to fund ongoing undertaking improvement expenditures, and for working capital and basic company functions. The gross proceeds from the sale of the FT Shares and the Charity FT Shares shall be used earlier than 2023 for basic exploration expenditures, which can represent Canadian exploration bills (inside the which means of subsection 66(15) of the Earnings Tax Act (Canada) (the “Tax Act”)), that can qualify as “move by way of mining expenditures” inside the which means of the Tax Act (the “Qualifying Expenditures”). The Providing is anticipated to shut on or about March 30, 2021 or such different date as agreed between the Firm and the underwriters (the “Closing Date”), and is topic to sure situations together with, however not restricted to, the receipt of all needed regulatory approvals. In consideration for his or her providers, the Underwriters will obtain a money fee equal to six.0% of the gross proceeds of the Providing, together with any proceeds realized from the train of the Underwriters’ Possibility. This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to promote any of the securities in the USA. The securities haven’t been and won’t be registered below the USA Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities legal guidelines and will not be provided or offered inside the USA or to U.S. Individuals except registered below the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is accessible. Grant of Inventory Choices, Deferred Share Items and Restricted Share Items NorthWest Copper additionally broadcasts that it has granted 4,675,000 inventory choices to administrators, sure workers and consultants, 1,000,000 Deferred Share Items (DSUs) to administrators and 1,975,000 Restricted Share Items (RSUs) to sure workers pursuant to its Inventory Possibility, DSU and RSU Plans. The inventory choices have an train value of C$0.90 and have a variety of vesting durations over three years and expire after 5 years. The RSU’s are payable in frequent shares of the Firm on train, have a variety of vesting durations over three years and have to be redeemed inside 30 days of March 8, 2024, or they expire. The DSU’s vest instantly upon grant and are payable in frequent shares of the Firm, upon the holder ceasing to be a director of the Firm. About NorthWest Copper: NorthWest Copper Corp. is a brand new diversified copper-gold explorer and developer with an thrilling pipeline of tasks in British Columbia. With a strong portfolio in a tier one jurisdiction, NorthWest Copper is properly positioned to take part absolutely in a strengthening international copper market. Further info might be discovered on the Firm’s web site at www.northwestcopper.ca. On Behalf of the Board of Administrators of NorthWest Copper Corp. “Mark O’Dea” Director, Government Chair For additional info, please contact: NorthWest Copper Corp. Tel: 604-683-7790 E mail: [email protected] Neither TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch. Cautionary Assertion Relating to Ahead Wanting Info All statements on this information launch, aside from statements of historic truth, are “forward-looking info” with respect to NorthWest Copper inside the which means of relevant securities legal guidelines, together with, however not restricted to statements with respect to those who deal with the anticipated use of proceeds of the Providing; the anticipated Closing Date of the Providing; and the anticipated construction of the Providing. Ahead-looking statements are sometimes, however not at all times, recognized by way of phrases similar to “search”, “anticipate”, “consider”, “plan”, “estimate”, “anticipate” and “intend” and statements that an occasion or outcome “could”, “will”, “ought to”, “might” or “may” happen or be achieved and different comparable expressions. Ahead-looking info is just not a assure of future efficiency and is predicated upon quite a few estimates and assumptions of administration on the date the statements are made together with, amongst others, assumptions concerning the timing of the Providing; the Firm’s capability to acquire TSX Enterprise Trade approval of the Providing; the long run tax remedy of the FT Shares and/or Charity FT Shares; future costs of gold and different steel course of; foreign money trade charges and rates of interest; beneficial working situations; political stability; acquiring governmental approvals and financing on time; acquiring renewals of present licences and permits and acquiring required licences and permits; labour stability; stability in market situations; availability of kit; accuracy of mineral sources; profitable decision of disputes and anticipated prices and expenditures. Administration believes these estimates and assumptions are affordable. As well as, many assumptions are based mostly on components and occasions that aren’t inside the management of NorthWest Copper and there’s no assurance they may show to be right. Though NorthWest Copper believes that the expectations mirrored in such forward-looking statements and/or info are affordable, undue reliance shouldn’t be positioned on forward-looking statements since NorthWest Copper can provide no assurance that such expectations will show to be right. These statements contain recognized and unknown dangers, uncertainties and different components that will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements, together with dangers associated to the Providing; the flexibility of the Firm to acquire required approvals; full definitive documentation and completion of the Providing on the phrases introduced; the long run tax remedy of the FT Shares and/or Charity FT Shares, and the dangers, uncertainties and different components recognized in NorthWest Copper’s periodic filings with Canadian securities regulators. Ahead-looking statements are topic to enterprise and financial dangers and uncertainties and different components that might trigger precise outcomes of operations to vary materially from these contained within the forward-looking statements. Necessary components that might trigger precise outcomes to vary materially from NorthWest Copper’s expectations embrace dangers related to the enterprise of NorthWest Copper; dangers associated to reliance on technical info offered by NorthWest; dangers associated to exploration and potential improvement of the Tasks; enterprise and financial situations within the mining trade typically; fluctuations in commodity costs and foreign money trade charges; uncertainties referring to interpretation of drill outcomes and the geology, continuity and grade of mineral deposits; the necessity for cooperation of presidency businesses and native teams within the exploration and improvement of properties and the issuance of required permits; the necessity to get hold of further financing to develop properties and uncertainty as to the provision and phrases of future financing; the opportunity of delay in exploration or improvement applications and uncertainty of assembly anticipated program milestones; uncertainty as to well timed availability of permits and different governmental approvals; and different danger components as detailed sometimes and extra dangers recognized in NorthWest Copper’s filings with Canadian securities regulators on SEDAR in Canada (obtainable at www.sedar.com). Ahead-looking statements are based mostly on estimates and opinions of administration on the date the statements are made. NorthWest Copper doesn’t undertake any obligation to replace forward-looking statements besides as required by relevant securities legal guidelines. Buyers shouldn’t place undue reliance on forward-looking statements.

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