Northwest Copper Provides Update ON Board Transition
News Release
NORTHWEST COPPER PROVIDES UPDATE ON BOARD
TRANSITION
Vancouver, British Columbia – September 27, 2023 –– NorthWest Copper Corp. (TSXV:NWST)
(OTCQX: NWCCF) (“NorthWest” or the “Company”) is pleased to provide an update on the
transition of the Company under the stewardship of its newly elected Board of Directors (the
“Board”). The Board has elected Mr. Grant Sawiak as its Chair.
The Board will be working closely with existing management to address the concerns of the
shareholders and to move the Company forward in the interest of all stakeholders. To this end,
the Board has formed a Technical Committee comprising Messrs. Jim Steel and John Theobald to
urgently review all available technical information of North West’s Copper properties (the
“Projects”). The Technical Committee will work with senior management to recommend the
Company’s technical strategy that will ensure that the Project s’ full potential is established
through a well -defined and targeted program that recognises both the Company’s stage of
development and access to capital. The Board expects to update the market on its revised
strategy during the fourth quarter of 2023.
Mr. Braam Jonker was elected as L ead Independent Director and Chair of the Audit Committee.
Mr. Jonker, working with the Chief Financial Officer will review the finance strategy and cost
structure of the Company to recommend changes that will ensure that the financial needs of the
Projects are met in ways that better align with the interests of all stakeholders and that non -
Projects related expenses are appropriate for the size of the Company.
Mr. Sawiak, Chair of the Board commented; “We are very pleased with the outcome of the
shareholder vote and appreciate the urgency, complexity and importance of the task that lies
ahead.
“We want to unlock the value of the Project s and restore the confidence of shareholders in the
Company through focusing our efforts on a value driven exploration pr ogram and deploying
capital where shareholders can get maximum return on their investment. The latter will also
involve a review of the cost structure of the Company and ensuring that our costs are appropriate
for a Company our size.
“We will work closely with our management team, local communities, regulatory authorities, and
all other stakeholders in an effort to deliver the full potential of the Project s. We will keep the
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market informed through regular communication of our progress as we embark on this new
chapter in the evolution of Northwest.”
On Behalf of the Board of Directors of NorthWest Copper Corp.
“Grant Sawiak”
Chair of the Board
For further information, please contact:
Peter Lekich, Director Investor Relations
Tel: 778-389-2446
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
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”, “expects”, “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 thing s, to statements with respect to the plans and intentions of
the Company.
All statements, other than statements of historical fact, included herein, constitutes forward -looking information.
Although NorthWest believes that the expectations reflected in su ch forward -looking information and/or
information are reasonable, undue reliance 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 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 reliance on technical information provided by Nort hWest; 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 in terpretation 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
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meeting anticipated program milestones; uncertain ty 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.com).
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.