Northisle Announces Issuance of Share-Based Compensa Tion
Northisle Copper and Gold Inc. | 1200 – 1166 Alberni Street | Vancouver, BC | V6E 3Z3
www.northisle.ca | [email protected]
July 19, 2024
TSX Venture Exchange Symbol: NCX
NORTHISLE ANNOUNCES ISSUANCE OF SHARE-BASED COMPENSA TION
Vancouver, B.C. – Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) announced that
NorthIsle’s Board of Directors has approved the issuance of 352,000 stock options (the “Options”) to certain directors
and employees of Northisle, pursuant to the Company’s incentive stock option plan (the “Stock Option Plan”). The
Options provide for the purchase of an aggregate of 352,000 common shares of the Company (the “Common Shares”)
at an exercise price of $0.475 per share, which is the closing price for the Common Shares on the TSX Venture Exchange
as of July 18, 2024. All of the Options have a 5 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 (the “ DSUs”) to Eligible
Directors, pursuant to the Company’s Share Unit Plan (the “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
Northisle Copper and Gold Inc. 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, British Columbia on a
more than 34,000-hectare block of mineral titles 100% 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 Islan d Project in 2021 and is now focused on advancement of the project while continuing
exploration within this highly prospective land package.
For more information on Northisle please visit the Company’s website at www.northisle.ca.
On behalf of Northisle Copper and Gold Inc.
Nicholas Van Dyk, CFA
Chief Financial Officer
Tel: (604) 638-2515
Email: [email protected]
www.northisle.ca
Cautionary Statements regarding Forward-Looking Information
Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained
in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are
often identified by terms such as “may”, “should”, “anticipate”, “expect”, “intend” and similar expressions. Forward-looking statements in this news
release include, but are not limited to, any future plans, objectives or expectations of Northisle. Forward-looking statements necessarily involve
known and unknown risks, including, without limitation, Northisle’s ability to implement its business strategies; risks assoc iated with mineral
exploration and production; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and
transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or
inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, incom e tax and regulatory
matters; competition; currency and interest rate fluctuations; and other risks. Readers are cautioned that the foregoing list is not exhaustive.
Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions,
or expectations upon which they are placed will occur. Such information, although considered reasonable by mana gement at the time of
preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward -looking statements contained in
this news release are expressly qualified by this cautionary statement.
Northisle Copper and Gold Inc. | 1200 – 1166 Alberni Street | Vancouver, BC | V6E 3Z3
www.northisle.ca | [email protected]
The forward-looking statements contained in this news release represent the expectations of management of Northisle as of the date of this news
release, and, accordingly, are subject to change after such date. Northisle does not undertake any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.