Mr. Paul Olmsted reports

NORTHWEST COPPER – LETTER TO SHAREHOLDERS

Northwest Copper Corp. has provided a letter to shareholders from chief executive officer Paul Olmsted.

Dear shareholders:

We begin 2025 with a focus on the future. I am happy to have joined Northwest Copper as the CEO near the end of 2024. I have been in the mining business for over 35 years focused on strategic growth objectives, technical evaluations and finance. I am excited to be leading Northwest through this transformational period.

I believe that Northwest is an excellent opportunity for shareholders on a number of fronts. First, the company's large and growing copper resources make us well positioned to benefit from the global push for electrification and its demand for critical minerals such as copper. Secondly, gold, a significant contributor to the company's resource mix, is trading at near-all-time highs. Thirdly, all of the company's assets are located in British Columbia, which is a stable jurisdiction that has demonstrated projects can be built in a responsible manner. Lastly, a refreshed and focused management and board is driven to advance the company's new strategy to enhance the value of its key assets.

The company's growth strategy going forward is clear with activity centered around advancing the company's key projects: Kwanika-Stardust and Lorraine-Top Cat. Unlocking the inherent value within our asset mix requires an emphasis on improving the economics of the existing preliminary economic assessment (PEA) on our Kwanika-Stardust project. This will be done through priority actions taken in a number of areas:

1. Focus exploration activities proximal to Kwanika on near-surface targets, such as the transfer target zone possible structural offset, that has the potential to add near term open pit tonnages to the existing PEA (preliminary economic assessment) mining schedule.
2. Consider options to incorporate the existing resource3 at our Lorraine property, located north of Kwanika-Stardust, in any future economic study.
3. Evaluate the existing mineral resource at Kwanika to better understand copper and gold zonation with the objective of considering a higher-grade, lower-capital staged project.

Each of these initiatives will be priorities for 2025. In addition, East Niv, a high-potential discovery-stage exploration project, remains a key target for the future.

In addition, we will continue to work collaboratively with first nations and communities of interest to ensure our activities are conducted in an environmentally and culturally responsible manner. I will be seeking opportunities to meet with leaders to explore how we can build future value together.

As part of the transition, I am pleased that we have engaged Equity Exploration Consultants Ltd. as exploration consultants to the company that will provide continuing support for our exploration activities. Equity Exploration has over 35 years experience and has worked with Northwest on its most recent drill program in 2024 where they executed on an exploration program at the Lorraine-Top Cat project. Their technical expertise and project management experience will ensure continuity of Northwest's exploration activities as we continue to move our projects forward.

I also note that Tyler Caswell, vice-president, exploration, will be leaving the company to pursue other opportunities. He has agreed to provide support during the transition period. I would like to sincerely thank Mr. Caswell for his commitment, contribution and leadership during his time with the company.

Northwest Copper will be at AMEBC Roundup from Jan. 22 to Jan. 23 at booth No. 117. Please stop by and we will be happy to tell you more about our plans for 2025.

On behalf of the board of directors, I would like to thank all shareholders and our partners for their continued support. I look forward to 2025 being a busy and successful year.

As always, please reach out should you have any questions by e-mailing me at polmsted@Northwestcopper.ca.

Paul Olmsted

CEO

Northwest Copper Corp.

About Northwest Copper Corp.

Northwest Copper is a copper-gold explorer with a pipeline of advanced and early stage 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. 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.