Northwest Copper closes $650,000 tranche of financing

Mr. Paul Olmsted reports NORTHWEST CLOSES SECOND TRANCHE OF FLOW THROUGH FINANCING AND COMPLETES HARD DOLLAR PLACEMENT Further to its press releases of July 16, 2025, and July 29, 2025, Northwest Copper Corp. has closed the second tranche of its upsized non-brokered critical mineral flow-through private placement financing. When combined with the first tranche of the flow-through offering, the company has now closed on $3.2-million out of the $3.5-million upsized flow-through offering. The company also had excess demand on the hard-dollar component of the private placement announced on July 29, 2025, and completed the hard-dollar offering for gross proceeds of $475,000. Chief executive officer Paul Olmsted stated: "The continued excess demand under both the FT offering and HD offering has been encouraging and has set the company up to execute on its planned exploration drilling program and metallurgical test work program at Kwanika for 2025. With the upsized financing, we are considering options to bring forward some of the drilling originally planned for 2026. The current program is expected to confirm and expand our higher-grade target model and improve recoveries, particularly for gold." The company closed the second tranche of the flow-through offering for subscriptions of 2,917,666 units at a price of 22.5 cents per flow-through unit for gross proceeds of $650,000. Each flow-through unit consists of one flow-through common share of the company and one-half of one non-transferable common share purchase warrant, with each flow-through warrant exercisable to purchase one additional common share of the company at an exercise price of 34 cents until Aug. 8, 2027. Proceeds of the flow-through offering will be used for exploration at Kwanika Central and the nearby Transfer target. The company closed the hard-dollar offering for subscriptions of 2,375,000 units at a price of 20 cents per hard-dollar unit for gross proceeds of $475,000. Each hard-dollar unit consists of one common share of the company and one-half of one non-transferable common share purchase warrant, with each hard-dollar warrant exercisable to purchase one additional common share of the company at an exercise price of 30 cents until Aug. 8, 2027. Proceeds of the hard-dollar offering will be used for general corporate purposes. The flow-through shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada). An amount equal to the gross proceeds from the issuance of the flow-through shares will be used to incur eligible resource exploration expenses, which will qualify as: (i) Canadian exploration expenses (as defined in the tax act); and (ii) flow-through critical mineral mining expenditures (as defined in Subsection 127(9) of the tax act). Qualifying expenditures in an aggregate amount not less than the gross proceeds raised from the issue of the flow-through shares will be incurred (or deemed to be incurred) by the company on or before Dec. 31, 2026, and will be renounced by the company to the initial purchasers of the flow-through shares with an effective date no later than Dec. 31, 2025. Canaccord Genuity Corp. continues to act as the company's financial adviser for the flow-through offering. On the second tranche, the company will pay cash finders' fees of $39,088, issue 29,176 common shares for adviser fees in lieu of cash and issue 176,893 compensation warrants to eligible finders. Each compensation warrant is non-transferable and entitles the holder to acquire one common share of the company at 34 cents until Aug. 8, 2027. Except for the compensation shares, which will be subject to a different four-month-and-one-day hold period, all other securities issued in the second tranche of the flow-through offering and the hard-dollar offering of the private placement (including the compensation warrants), are subject to a hold period expiring on Dec. 9, 2025. About Northwest Copper Corp. Northwest Copper is a copper and gold exploration and development company with a pipeline of advanced and early-stage copper and gold projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat and East Niv. With a robust portfolio in a Tier 1 jurisdiction, Northwest Copper is well positioned to participate fully in a strengthening global copper market and the robust gold market. The company 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.