Mr. Nicholas Van Dyk reports

NORTHISLE ANNOUNCES ISSUANCE OF SHARE-BASED COMPENSATION

Northisle Copper and Gold Inc.'s board of directors has approved the issuance of 2,175,300 stock options, pursuant to the company's incentive stock option plan. The options provide for the purchase of an aggregate of 2,175,300 common shares of the company at an exercise price of 40 cents per share, which is the closing price for the common shares on the TSX Venture Exchange as of Dec. 21, 2023. All options have a five-year term and vest one-third per year commencing Dec. 21, 2023, except for options granted to an investor relations employee, which vest one-third per year commencing Dec. 21, 2024.

In addition, the board of directors has approved the issuance of 300,000 deferred share units (DSUs) and 367,800 restricted share units (RSUs), pursuant to the company's share unit plan. The DSUs will vest on Dec. 21, 2024, and the RSUs will vest one-third per year commencing Dec. 21, 2024.

Further terms of the options, DSUs and RSUs can be found in the stock option plan and the share unit plan, as filed on SEDAR+.

About Northisle Copper and Gold Inc.

Northisle Copper and Gold is a Vancouver-based company whose mission is to become Canada's leading sustainable mineral resource company for the future. Northisle owns the North Island project, which is one of the most promising copper and gold porphyry deposits in Canada. The North Island project is located near Port Hardy, B.C., on a more-than-34,000-hectare block of mineral titles 100 per cent owned by Northisle, stretching 50 kilometres northwest from the now-closed Island copper mine operated by BHP Billiton. Northisle completed an updated preliminary economic assessment for the North Island project in 2021 and is now focused on the advancement of the project while continuing exploration within this highly prospective land package.

We seek Safe Harbor.