Dear Shareholders,
As we enter the new year, I would like to start off by reflecting on our significant accomplishments in 2024. We made substantial progress across our flagship North Island Project that has set the foundation for a transformational 2025.
2024 was a year of pivotal achievements. Highlights include:
• Resource Growth: Our integrated North Island Project resource estimate demonstrated a 60% growth in global Indicated tonnage to 906 million tonnes containing 3.1 billion lbs Cu, 6.9 million ozs Au, 149 million lbs Mo and 847,000 lbs Re. This represents a 27% increase in contained Au, 69% increase in contained Mo and 132% increase in contained Re in the Indicated category. Additional Inferred resource estimate of 214 million tonnes containing 571 million lbs Cu, 1.5 million ozs Au, 24 million lbs Mo and 147,000 lbs Re. This makes our North Island Project one of the largest copper and gold porphyries in Canada not currently owned by a major.

Vancouver, B.C. – Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce that the final assays from the Company’s 2024 drill program at Northwest Expo and West Goodspeed have now been released.

Robin Tolbert, Vice President Exploration stated “We are encouraged by the 2024 results from Northwest Expo, which have added continuity to the block model grades and resource estimate. Additional holes have provided vectoring information from the lithocap hosted mineralization towards a potential porphyry source, as well as potential extension of the main lithocap hosted resource. Drilling at West Goodspeed continues to be encouraging and has highlighted additional untested areas with the potential to expand this zone along strike and to the north and south. Further refinements to the Northwest Expo and West Goodspeed exploration models will aid in testing these new targets and resource estimation in 2025.”

Vancouver, B.C. – NorthIsle Copper and Gold Inc. (TSXV: NCX) (“NorthIsle” or the “Company”) is pleased to announce that it has closed the previously announced brokered private placement, including the full exercise of the over-allotment option, for gross proceeds of approximately C$9.4 million (the “Brokered Offering”). The Brokered Offering consisted of (i) 10,836,000 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the “Charity FT Shares”) issued at a price of $ 0.646 per Charity FT Share, (ii) and 6,352,300 common shares of the Company (the “Non-CFT Shares”) issued at a price of $ 0.38 per Non-CFT Share (the “Non-CFT Issue Price”). The Brokered Offering was conducted by a syndicate of agents led by Paradigm Capital Inc. as lead agent and sole bookrunner on behalf of Agentis Capital Markets Limited Partnership as co-lead and a syndicate of agents including Red Cloud Securities Inc. and Ventum Financial Corp. (the “Agents”). The Agents received cash commissions of $529,055.76 in respect of the Brokered Offering.

In connection with the Brokered Offering, the Company announces that it has also closed a non-brokered private placement for gross proceeds of C$504,146 (the “Non-Brokered Offering” and together with the Brokered Offering, the “Offering”). The Non-Brokered Offering consisted of 1,326,700 Non-CFT Shares issued at the Non-CFT Issue Price for aggregate gross proceeds under the Offering of $9,918,076.