Mr. Paul Olmsted reports

NORTHWEST COPPER ANNOUNCES CLOSING OF OVERSUBSCRIBED PRIVATE PLACEMENT

Northwest Copper Corp. has closed its oversubscribed non-brokered private placement financing originally announced on May 21, 2025.

The company closed on subscriptions for 2,775,000 units at a price of 20 cents per unit for gross proceeds of $555,000. Each unit consists of one common share of the company and one-half of one non-transferable common share purchase warrant, with each warrant exercisable to purchase one additional common share of the company at an exercise price of 30 cents until July 3, 2027. Proceeds of the private placement will be used primarily for general working capital purposes.

Chief executive officer Paul Olmsted stated: "The increased demand under the private placement reflects confidence in our new strategic approach at Kwanika, where we are targeting higher-grade zones identified within the current mineralization. Closing of this financing is an important step as we prepare to launch and execute on the next phase of exploration drilling and metallurgical work aimed at enhancing value at Kwanika."

The company paid cash finders' fees of $6,000 and issued 30,000 compensation warrants to an eligible finder. Each compensation warrant entitles the holder to acquire one common share of the company at 30 cents until July 3, 2027.

All securities issued in the private placement are subject to a hold period expiring on Nov. 4, 2025.

Three directors of the company, Maryantonett Flumian, Enrico De Pasquale and Mr. Olmsted, acquired a total of 400,000 units for aggregate proceeds of $80,000. Such participation will each be considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The related party transactions are exempt from the valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the company to be issued to the related parties, does not exceed 25 per cent of its market capitalization.

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.