Northisle Announces Equity Compensation Grant
Northisle Copper and Gold Inc. | 1200 – 1166 Alberni Street | Vancouver, BC | V6E 3Z3
www.northisle.ca | [email protected]
May 29, 2023
TSX Venture Exchange Symbol: NCX
Northisle Announces Equity Compensation Grant
Vancouver, B.C. – Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) today announced that
Northisle’s Board of Directors has approved of the issuance of 403,500 stock options (the “Options”) pursuant to the
Company’s incentive stock option plan. The Options provide for the purchase of an aggregate of 403,500 Common
Shares at an exercise price of $0.18 per share, which is the closing price for the Company’s shares on the TSX-V as of
May 26, 2023. The options have a 5 year term and vest one third per year commencing on May 26, 2023.
In addition, the Board of Directors has approved the issuance of 381,500 restricted share units (the “RSUs”), pursuant
to the Company’s Share Unit Plan as approved at the Company’s 2021 Annual General Meeting. The RSUs will vest one
third per year commencing on May 26, 2024.
The Company uses equity compensation in order to attract and retain skilled and experienced executives and directors
while reducing the impact on cash resources. Combined with the Company’s LTIP issuance in November 2022, the
company has issued a total of 3,176,800 Options, 828,800 RSUs and 571,200 deferred share units (“DSUs”) to directors,
officers, employees and consultants for its 2022 performance compensation program.
Further terms of the Options, DSUs and RSUs can be found in the Company’s 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 Island Project in 2021 and is now focused on advancement of the
project through a prefeasibility study 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, statements relating to the results of the company’s executive appointments as well as any other 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 stra tegies; risks associated with mineral exploration and production; risks associated with general
economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; vo latility of
commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable
Northisle Copper and Gold Inc. | 1200 – 1166 Alberni Street | Vancouver, BC | V6E 3Z3
www.northisle.ca | [email protected]
terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency a nd 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 management 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.
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.