NorthWest Copper Provides Update on BC Securities Commission Application Regarding Self-Interested Activists

NorthWest Copper Provides Update on BC Securities Commission Application

Regarding Self-Interested Activists

• Continues to urge shareholders to vote on the BLUE proxy for NorthWest’s incumbent Board of seven directors at the

upcoming annual meeting of the Company’s shareholders, as recommended by the two leading independent North

American proxy advisors, Institutional Shareholder Services Inc. and Glass Lewis & Co., LLC.

• For voting assistance or information, shareholders can contact Kingsdale Advisors, at 1-888-518-1565 (toll-free in North

America), 1-647-251-9704 (collect call outside North America), email [email protected], or visit

www.ProtectNWST.com

VANCOUVER, British Columbia, Sept. 15, 2023 -- NorthWest Copper Corp. (" NorthWest" or the " Company") (TSXV:NWST)

(OTCQX:NWCCF) today announced that the British Columbia Securities Commission (“BCSC”) has dismissed the Company’s

application regarding the conduct of an activist group (the “Activist Group”). NorthWest made the application to try to ensure

that shareholders had full access to information about the Activist Group and their alleged joint-actor conduct. NorthWest is

disappointed by the decision, and still believes that the Activist Group’s disclosure was inadequate and misleading. While the

application may have been dismissed, the behaviour of the Activist Group nonetheless remains very concerning to the

Company and its shareholders and in fact may threaten their investment.

The Company again thanks shareholders for the strong support it has received already and shareholder’s continued rejection of

the Activist Group’s self-interested agenda, lack of a plan and inferior nominees. Many shareholders have indicated that they

intend to vote FOR NorthWest’s seven Director nominees. However, we urge all shareholders to vote their BLUE proxy without

delay for NorthWest’s incumbent Board at the upcoming annual meeting of the Company’s shareholders (the “Meeting”).

NorthWest’s Board consists of seven highly capable and experienced directors. Over the last 12 months, NorthWest has

refreshed both the Board and management team to guide the Company’s future growth. As previously disclosed, the

incumbent Board has also been supported by the two leading independent North American proxy advisors, Institutional

Shareholder Services Inc. (“ISS”) and Glass Lewis & Co., LLC. (“Glass Lewis”).

The proxy voting deadline is 10:00 a.m. (Vancouver time) on September 22, 2023 or, if the Meeting is adjourned or postponed,

48 hours (excluding Saturdays, Sundays or statutory holidays in British Columbia) prior to the time and date to which the

Meeting is adjourned or postponed. The Meeting is scheduled for September 26, 2023 at the offices of Cassels, Brock &

Blackwell LLP, Suite 2200, HSBC Building, 885 West Georgia Street, Vancouver, BC, V6C 3E8.

Vote BLUE! Every Vote Counts

NorthWest urges shareholders to vote the BLUE proxy as recommended by both ISS and Glass Lewis. Shareholders are

urged to carefully review the Company’s Letter to Shareholders and Circular, which can be found on www.ProtectNWST.com

as well as on SEDAR+ (www.sedarplus.ca) and on the Company's website (www.northwestcopper.ca).

Vote FOR NorthWest’s refreshed Board, its strengthened executive team, and its strategic action plan designed to advance

NorthWest’s mineral assets without delay.

Instructions To Vote BLUE

Every vote is important. Even if you have never voted before and no matter how many shares you own, becoming a voter is fast

and easy. Here’s how: 

1. To Vote FOR, vote the BLUE proxy. Follow the instructions on the BLUE proxy or VIF.

2. Vote online:

  a.  Registered shareholders: https://login.odysseytrust.com/pxlogin

  b.  Non-registered shareholders: www.proxyvote.com

NorthWest shareholders can contact Kingsdale Advisors by calling 1-888-518-1565 (toll-free in North America), calling or

texting 1-647-251-9704 (collect call outside North America) or by email at [email protected] or visit

www.ProtectNWST.com for more information. 

Vote BLUE To Protect Your Investment in NorthWest.

For further information, please contact:

Investor contact:

Peter Lekich, Director Investor Relations

Tel:778-389-2446

Email: [email protected]

Media contact:

Longview Communications and Public Affairs

Alan Bayless (604) 417-9645; [email protected]

Joel Shaffer: (416) 649-8006; [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

This news release contains certain forward-looking statements, including, but not limited to, statements with respect to: the

plans and intentions of the activist group of shareholders; and the plans and intentions of the Company. Wherever possible,

words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential”

or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking

statements. These statements reflect management’s current beliefs and are based on information currently available to

management as at the date hereof.

Forward-looking information involves 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 information, including the risks, uncertainties and

other factors identified in NorthWest’s periodic filings with Canadian securities regulators. Forward-looking information 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 a

change in the current Board or management of the Company; risks related to reliance on technical information provided by

NorthWest; risks related to exploration and potential development of the Company’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 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; 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.ca). 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.