NorthWest Intersects 27.7 Metres of 1.23% Copper and 1.53g/t Gold (2.63% CuEq) at Kwanika Starting at 198 Metres

The November 6, 2025 news release announces excellent assay results from the third drill hole (K-25-271) of the 2025 drilling program at its flagship Kwanika Project in British Columbia. The headline intercept is 27.7 metres of 1.23% copper and 1.53 g/t gold, equivalent to 2.63% Copper Equivalent (CuEq), starting from a depth of 198 metres.

The release notes these results continue to build on previous high-grade intercepts from the first two holes of the program, demonstrating the quality and growth potential of the higher-grade zones within the mineralized system. The company states that the program was expanded to 16 holes totaling 6,435 metres and was completed in October 2025, with results from the remaining 15 holes pending.

Additionally, the company announced it has issued 245,648 common shares at a deemed price of $0.3562 per share to settle an $87,500 payment for the acquisition of the Asitka claims. It also issued 188,483 common shares at a deemed price of $0.29 to settle certain debts.

This news is materially positive as it provides the third consecutive set of strong, high-grade drill results from the 2025 exploration program at Kwanika. This systematic success provides powerful validation for the company's revised strategic approach, which was announced in April 2025. This strategy pivots away from a large-scale, high-capex block cave mine plan (as outlined in the 2023 PEA) towards defining higher-grade zones that could support a smaller, staged, and potentially more economic selective bulk mining operation.

• Strategic Execution: The results from the first three holes (Oct 6: 44m @ 3.18% CuEq; Oct 15: 16.9m @ 1.37% CuEq; Nov 6: 27.7m @ 2.63% CuEq) consistently hit significant grade over mineable widths, exactly where the new geological model predicted. This greatly de-risks the exploration thesis and builds confidence that the remaining 15 holes could yield similar results, potentially leading to a significant expansion and re-classification of the high-grade portion of the resource.

• Market Context: The stock price reacted very strongly to the first drill results in October, surging from the $0.30s to a high of $0.58. It has since pulled back to the $0.29 level, indicating significant profit-taking and perhaps a "wait-and-see" attitude from the market. This third positive result should reinforce the bull case and could help establish a floor at the current price level. However, the market appears to be waiting for a more comprehensive update, such as a new resource estimate or metallurgical results, before committing to a higher valuation.

• Corporate Actions: The issuance of shares for property payments and debt settlement is routine for a junior explorer. While necessary to preserve cash, it is dilutive to existing shareholders. Settling debt at $0.29 per share, well below the recent high, is not ideal but reflects the current market price.

Overall, the news is a strong positive confirmation of the company's strategy. The consistent success in drilling is the most important factor for an exploration company, and NorthWest is delivering on its stated plan.

NorthWest Copper Corp. is a Canadian junior exploration and development company focused on its portfolio of copper-gold projects in British Columbia. Its flagship asset is the Kwanika project, a significant copper-gold porphyry deposit. A 2023 Preliminary Economic Assessment (PEA) outlined a large-scale, long-life mining operation. In 2025, under new management, the company shifted its strategy to focus on defining and expanding higher-grade zones within the existing Kwanika resource. The goal is to delineate a smaller, lower-capital, staged development project with improved economics to enhance shareholder value in the near term. The company also holds other prospective projects, including Lorraine, Stardust, and East Niv. All the company's main properties are subject to various Net Smelter Royalties (NSRs).