Northwest Copper Announces C$20 Million Bought Deal Private Placement

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News Release

NORTHWEST COPPER ANNOUNCES C$20 MILLION BOUGHT DEAL PRIVATE PLACEMENT

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION,

DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE

UNITED STATES

VANCOUVER, British Columbia, November 9, 2021 -- NorthWest Copper Corp. (" NorthWest" or the

"Company") (TSXV:NWST) is pleased to announce that it has entered into an agreement with National

Bank Financial Inc. (“National Bank”), pursuant to which a syndicate of underwriters led by National Bank

(together, the “Underwriters”), have agreed to purchase 16,950,000 charity flow-through common shares

(the “Charity FT Shares”) on a bought deal private placement basis (the “Offering”). The Charity FT Shares

will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada) (the “Tax Act”).

The Charity FT Shares will be sold at a price of C$ 1.18 per Charity FT Share for aggregate gross proceeds

of C$20,001,000.

The Company has also granted the U nderwriters an option to cover over -allotments for the Charity FT

Shares (the “Underwriters’ Option”), which will allow the Underwriters to offer up to an additional 15%

of the offered Charity FT Shares, on the same terms. The Underwriters’ Option may be exercised in whole

or in part at any time up to the closing of the Offering.

The gross proceeds from the sale of the Charity FT Shares will be used before December 31, 2022 for

exploration of the Company’s properties in British Columbia, which will constitute “Canadian exploration

expenses” (within the meaning of the Tax Act), that will qualify as “flow- through mining expenditures”

within the meaning of the Tax Act.

The Offering is expected to close on or about December 2, 2021 or such other date as agreed between

the Company and the U nderwriters (the “Closing Date”), and is subject to certain conditions including,

but not limited to, the receipt of all necessary regu latory approvals including the approval of the TSX

Venture Exchange.

In consideration for their services, the Underwriters will receive a cash commission equal to 5.0% of the

gross proceeds of the Offering, including any proceeds realized from the exercise of the Underwriters’

Option.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities

in the United States. The securities have not been and will not be registered under the United States

Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be

offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act

and applicable state securities laws or an exemption from such registration is available.

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About NorthWest Copper:

NorthWest Copper Corp. is a new diversified copper-gold explorer and developer with an exciting pipeline

of projects in British Columbia. With a robust portfolio in a tier one jurisdiction, NorthWest Copper is well

positioned to participate fully in a stre ngthening global copper market. Additional information can be

found on the Company's website at www.northwestcopper.ca.

On Behalf of the Board of Directors of NorthWest Copper Corp.

“Peter Bell”

Director, President & CEO

For further information, please contact:

Adrian O’Brien, Director Marketing & Communications

Tel: 604-809-6890

Email: [email protected]

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

All statements in this news release, other than statements of historical fact, are "forward -looking information" with respect to

NorthWest Copper within the meaning of applicable securities laws, including, but not limited to statements with respect to those

that address the expected use of proceeds of the Offering; the anticipated closing of the Offering; necessary approvals for the

closing of the Offering; and the anticipated structure of the Offering. Forward- looking statements are often, but not always,

identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements

that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forwa rd-

looking in formation is not a guarantee of future performance and is based upon a number of estimates and assumptions of

management at the date the statements are made including, among others, assumptions regarding the timing of the Offering;

the Company’s ability to obtain TSX Venture Exchange approval of the Offering; the future tax treatment of the Charity FT Shares;

future prices of gold, copper and other metal process; currency exchange rates and interest rates; favourable operating conditions;

political stability; obtaining governmental approvals and financing on time; obtaining renewals of existing licences and permits

and obtaining required licences and permits; labour stability; stability in market conditions; availability of equipment; accuracy of

mineral resources; successful resolution of disputes and anticipated costs and expenditures. Management believes these estimates

and assumptions are reasonable. In addition, many assumptions are based on factors and events that are not within the control

of NorthWest Copper and there is no assurance they will prove to be correct.

Although NorthWest Copper believes that the expectations reflected in such forward- looking statements and/or information are

reasonable, undue reliance should not be placed on forward- looking statements since NorthWest Copper can give no assurance

that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors

that may cause actual results or events to differ materially from those anticipated in such forward- looking statements, including

risks related to the Offering; the ability of the Company to obtain required approvals including approval of the TSX Venture

Exchange; complete definitive documentation and completion of the Offering on the terms announced; the future tax treatment

of the Charity FT Shares; risks associated with the business of NorthWest Copper; risks related to reliance on technical information

provided by NorthWest; risks related to exploration and potential development of the Company’s projects; 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 mineral 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; th e

possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones;

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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 Copper’s filings with Canadian securities regulators on SEDAR in Canada

(available at www.sedar.com). Forward-looking statements are based on estimates and opinions of management at the date the

statements are made. NorthWest Copper does not undertake any obligation to update forward- looking statements except as

required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.