Northwest Copper Announces Appointment of Paul Olmsted as CEO
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News Release
NORTHWEST COPPER ANNOUNCES APPOINTMENT OF PAUL OLMSTED AS CEO
Vancouver, BC – November 26, 202 4 – NorthWest Copper (“NorthWest” or “the Company”) (TSX -V:
NWST) is pleased to announce the appointment of Paul Olmsted as Chief Executive Officer and a member
of the Board of Directors , effective immediately. Mr. Olmsted brings over 30 years of experience in the
mining industry, with a proven track record in project evaluation, development, financing and strategic
leadership.
Prior to joining NorthWest, from 2016 to 2023, Mr. Olmsted was the Chief Financial Officer of Superior
Gold Inc., actively involved in the acquisition of an intermediate gold producer, followed by an initial public
offering and ultimately leading the company through a business combination sale in 2023. Before Superior
Gold, Mr. Olmsted was the Senior Vice President, Corporate Development of IAMGOLD Corporation from
2002-2014, leading the company’s business development activities with total transactions valued at close
to C$10 billion . His extensive background in project evaluation and development aligns perfectly with
NorthWest Copper’s commitment to advancing its high-quality copper and gold assets in British Columbia.
“We are excited to welcome Mr. Olmsted to the NorthWest team,” said Board Chair, M aryantonett
Flumian. “His deep industry knowledge and expertise will be invaluable as we continue to drive forward
our strategic initiatives of delivering value through exploration and development. We believe that Mr.
Olmsted is the right leader to guide our company in this pivotal time for the industry.”
In his first statement as the incoming CEO, Mr. Olmsted expressed enthusiasm about the Company’s
future and project pipeline. “The Kwanika-Stardust and Lorraine-Top Cat projects represent some of the
most promising opportunities in British Columbia and globally. I am excited to lead a talented team that
is dedicated to unlocking the full potential of these assets. Our focus will be on advancing the core assets
of the Company through sustainable development and delivering value for all stakeholders,” he said.
Grant of Stock Options and Restricted Share Units
NorthWest also announces that it has granted 650,000 stock options and 250,000 Restricted Share Units
(RSUs) to Mr. Olmsted pursuant to its Equity Incentive Plan.
The stock options have an exercise price of C$0.15, vest over three years and expire after five years.
The RSUs are payable in common shares of the Company on exercise, vest equally over three years and
must be redeemed within 30 days of each of November 26, 2025, November 26, 2026 and November 26,
2027, or they expire.
About NorthWest Copper:
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 one
jurisdiction, NorthWest Copper is well positioned to participate fully in a strengthening global copper
market. We are committed to responsible mineral exploration which involves working collaboratively with
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First Nations to ensure future development incorporates stewardship best practices and traditional land
use. Additional information can be found on the Company’s website at www.northwestcopper.ca .
On Behalf of NorthWest Copper Corp.
“Maryantonett Flumian”
Chair, NorthWest Copper
For further information, please contact:
604-683-7790
Neither 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 release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward -looking information” within the meaning of applicable securities laws. All
statements, other than statements of historical fact, are forward-looking statements and are based on expectations,
estimates and projections as at the date of this news release. Any statement that involves discussion with respect
to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance
(often, but not always using phrases such as “plans”, “ex pects”, “is expected”, “budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and
phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or
be achieved) are not statements of historical fact and may be forward -looking statements. In this news release,
forward-looking statements relate, among other things, to statements with respect to; plans and intentio ns of the
Company; proposed exploration and development of NorthWest’s exploration property interests including potential
size of budget and type of exploration being conducted; the Company’s ability to finance future operations; future
operations; mine plans, and magnitude or quality of mineral deposits.
All statements, other than statements of historical fact, included herein, constitutes forward -looking information.
Although NorthWest believes that the expectations reflected in such forward- looking information and/or
information are reasonable, undue rel iance should not be placed on forward -looking information since NorthWest
can give no assurance that such expectations will prove to be correct. Forward -looking information involves known
and unknown risks, uncertainties and other factors that may cause ac tual results or events to differ materially from
those anticipated in such forward-looking information, including the risks, uncertainties and other factors identified
in NorthWest’s periodic filings with Canadian securities regulators. Forward -looking inf ormation are subject to
business and economic risks and uncertainties and other factors that could cause actual results of operations to
differ materially from those contained in the forward-looking information. Important factors that could cause actual
results to differ materially from NorthWest’s expectations include risks associated with the business of NorthWest;
risks related to reliance on technical information provided by NorthWest; risks related to exploration and potential
development of the Compan y’s mineral properties; business and economic conditions in the mining industry
generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of
drill results and the geology, continuity and grade of mine ral deposits; the need for cooperation of government
agencies and First Nation groups in the exploration and development of properties and the issuance of required
permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and
terms of future financing; the possibility of delay in exploration or development programs and uncertainty of
meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental
approvals; and other risk factors as detailed from time to time and additional risks identified in NorthWest’s filings
with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.c om).
Forward-looking information is based on estimates and opinions of management at the date the information are
made. NorthWest does not undertake any obligation to update forward -looking information except as required by
applicable securities laws. Investors should not place undue reliance on forward-looking information.