Mr. Grant Sawiak reports

NORTHWEST COPPER ANNOUNCES CLOSING OF THIRD TRANCHE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT AND CLOSE OF RIGHTS OFFERING

Northwest Copper Corp. has closed the third tranche of its previously announced concurrent private placement. The company has also closed the previously announced rights offering.

Shareholders subscribed for a total of 8,316,425 common shares of the company pursuant to the rights offering for gross proceeds of approximately $873,224. The remaining rights expired unexercised on Dec. 28, 2023. The third tranche of the concurrent private placement consists of 2,828,571 common shares of the company for gross proceeds of approximately $297,000. The total gross proceeds from the rights offering and the concurrent private placement to date are $1,684,436 and will be used for working capital purposes. Further tranche closings of the concurrent private placement will occur in the coming weeks.

The common shares issued pursuant to the third tranche of the concurrent private placement are subject to a four-month-and-one-day hold period, expiring April 30, 2024, in accordance with applicable Canadian securities laws, and a TSX Venture Exchange hold period, as applicable.

About Northwest Copper Corp.

Northwest Copper is a copper-gold explorer with an exciting pipeline of projects in British Columbia. With a robust portfolio in a Tier 1 jurisdiction, Northwest Copper is well positioned to participate fully in a strengthening global copper market. Northwest Copper is committed to responsible mineral exploration, which involves working collaboratively with first nations to ensure future development incorporates stewardship best practices and traditional land use.

We seek Safe Harbor.