Mr. Nicholas Van Dyk reports

NORTHISLE ANNOUNCES ISSUANCE OF SHARE-BASED COMPENSATION

NorthIsle Copper and Gold Inc.'s board of directors has approved the issuance of 352,000 stock options to certain directors and employees of NorthIsle, pursuant to the company's incentive stock option plan. The options provide for the purchase of an aggregate of 352,000 common shares of the company at an exercise price of 47.5 cents per share, which is the closing price for the common shares on the TSX Venture Exchange as of July 18, 2024. All options have a five-year term and vest one-third per year beginning on the issuance date.

In addition, the board of directors has approved the issuance of 212,000 deferred share units (DSUs) to eligible directors, pursuant to the company's share unit plan. The DSUs will vest on July 18, 2025.

Further terms of the options and DSUs can be found in the stock option plan and share unit plan, as filed on SEDAR+.

About NorthIsle Copper and Gold Inc.

NorthIsle Copper and Gold is a Vancouver-based company whose mission is to become Canada's leading sustainable mineral resource company for the future. NorthIsle owns the North Island project, which is one of the most-promising copper and gold porphyry deposits in Canada. The North Island project is located near Port Hardy, B.C., on a more-than-34,000-hectare block of mineral titles 100 per cent owned by NorthIsle stretching 50 kilometres northwest from the now closed Island copper mine operated by BHP Billiton. NorthIsle completed an updated preliminary economic assessment for the North Island project in 2021 and is now focused on advancement of the project while continuing exploration within this highly prospective land package.

We seek Safe Harbor.