NorthWest Reports Near-Surface Intersept of 25.9 Metres Grading 0.91 % Cu, 1.29 g/t Au (2.09% CuEq) From 154 Metres
NorthWest Reports Near-Surface Intersept of 25.9 Metres Grading 0.91 % Cu,
1.29 g/t Au (2.09% CuEq) From 154 Metres
TORONTO, Jan. 05, 2026 -- NorthWest Copper Corp. (“NorthWest” or the “Company”) (TSX-V: NWST) is pleased to report drill
results from hole K-25-287 completed as part of its 2025 program at the Company’s 100% owned Kwanika project in British
Columbia. The hole returned higher-grade1 results in both the Pit and Central Zones, highlighted by a significant near-surface
intercept of 25.9 metres grading 0.91% Cu and 1.29g/t Au (2.09% copper equivalent 2, “CuEq”).
Paul Olmsted, CEO of NorthWest, stated: “This drill hole is the 15 th reported from our 2025 exploration program at Kwanika, a
program which we believe has been highly successful in achieving its goals and will be value accretive. The program exceeded
expectations by demonstrating the continuity of higher-grade zones over significant widths in both the Central Zone and the Pit
Zone, materially improving our understanding of the mineralization. Results from the Pit Zone, in particular, are expected to
support higher-grade open pit mineral resources. When combined with increased confidence in the higher-grade Central Zone
to support alternative underground mining methods, and targeted recovery improvements from ongoing metallurgical test work,
we expect to deliver an exciting mineral resource update in the first quarter of the year. Together, these developments are
expected to support the potential for a more capital-efficient and economically compelling combined open pit and underground
development plan, to be reflected in an updated preliminary economic assessment (“PEA”) delivered in mid 2026 that will aim
to improve upon the 2023 PEA3.”
Hole K-25-287 intersected multiple higher-grade intercepts across a number of mineralized zones in both the Pit and Central
Zones over significant widths. The hole returned unexpectedly wide intercepts within Pit Zone 10 and 12 at shallow depths,
expanding the size of these higher-grade zones and providing better definition of the zones relative to Pit Zone 5.
The hole also intersected the Central Zone over a significant combined true width of 32.0 metres. This result continues to
demonstrate the east-west zonation of the mineralization from copper-dominant to gold-dominant towards the west and
clarifies an area poorly tested by a historical low-angle drill hole.
Drill Hole Highlights:
K-25-287
Pit Zone 11: 47.5 metres of 1.22% Cu, 0.82g/t Au (1.99% CuEq) from 96.5 metres
Pit Zone 10: 35.9 metres of 0.81% Cu, 1.03g/t Au (1.75% CuEq) from 144 metres including 25.9
metres of 0.91% Cu, 1.29g/t Au (2.09% CuEq) from 179.9 metres
Central Zone: 32.0 metres of 0.32% Cu, 1.13g/t Au (1.34% CuEq) from 285 metres
Geoff Chinn, VP Business Development and Exploration, added: “With the final drill hole reported in the Kwanika Central
Deposit, we have confirmed that potassic alteration crosscut by mineralized quartz stockwork, later deformed by faults and
fractures and overprinted by silica, sericite and pyrite, forms discrete continuous zones of higher-grade mineralization.
Mineralization at Kwanika is strongly structurally controlled, which we believe has been emplaced along active fault zones.
These zones have a distinctive geometry relative to the north-south trending Central Zone, where the Western Zones strike
east-west, dip north and abut the western margin of the Central Zone, while the Pit Zones also strike east-west but dip south
and abut the eastern margin of the Central Zone. These orientations are consistent with pull-apart faults, where the Central
Zone is interpreted to be related to a crossing strike-slip zone, while the Pit Zones and Western Zones are associated with
extensional normal faults. Pull-apart extensional faulting is known to be favourable structural settings for porphyry deposits,
and while the full extent of structures at Kwanika remains unknown, hidden by younger sedimentary rocks and glacial cover, it
represents a highly prospective geological environment warranting further exploration. With drill results at the Kwanika deposit
complete we look forward to results from nearby exploration targets drilled as part of the 2025 program.”
Kwanika Exploration Program
On April 10, 2025, NorthWest announced a refined model for its flagship Kwanika project (“Target Model”), highlighting three
key higher-grade zones: the Pit, Central and Western Zones. These zones target grades of 1.5% to 2.5% CuEq over combined
true thicknesses of 30 to 45 metres, to be assessed against a more selective top-down bulk underground mining method.
The 2025 exploration program was designed to confirm, define and expand on the Company’s understanding of higher-grade
copper-gold mineralization within the near surface and underground portions of the current mineral resources. Results of the 15
holes drilled at Kwanika, including holes K-25-287 demonstrate the merits of the program and indicate meaningful progress
toward these objectives has been achieved.
The hole location for K-25-287 relative to the entire drill program is presented in Figure 1 below. Figure 2 illustrates the cross
section of the position and context of hole K-25-287 relative to the Target Model. Continuous mineralized intercepts and collar
locations are summarized in Table 1 and Table 2.
Figure 1: Plan View of 2025 Program Drill Hole Location
Figure 2: Cross Section of Target Model at K-25-287 Drill Location
A summary of the geological aspects of hole K-25-287 is presented below.
The hole was drilled using HQ core at an azimuth of 160° azimuth and a dip of -85° to a depth of 551 metres. Core was half
sawn and sampled on 2-metre intervals. The purpose of the hole was to test the eastern extension of the Western Zones and
to infill the Pit and Central Zones along the way.
At 26 metres, the hole intersected Pit Zone 5 at a low angle. This intersection confirms and infills the zone, returning a near-
surface, gold-dominate mineralized interval over 65 metres (17 metre true width). Mineralization is hosted within strong
potassic alteration crosscut by a dismembered early quartz stockwork containing pyrite and chalcopyrite. The interval also
returned an elevated 0.11 g/t palladium over its length, indicative of very hot, chloride rich fluids.
At 96.5 metres, the hole intersected Pit Zone 11, confirming and infilling this zone. A near-surface, copper-dominant interval
was returned over 48 metres (31 metre true width), hosted within potassic alteration (monzonite) crosscut by a dismembered
early quartz stockwork. At 126.7 metres the interval transitions to a propylitic altered diorite with weak overprinting potassic
and sericite alteration crosscut by quartz veins and veinlets containing pyrite and chalcopyrite mineralization and anhydrite
veins and veinlets.
At 144 metres, the hole intersected Pit Zone 10, confirming and infilling this zone. The hole returned a near-surface interval
over 36 metres (23 metre true width), hosted in moderately strong potassic alteration (monzonite) crosscut by quartz veins and
veinlets containing pyrite and chalcopyrite mineralization. At 148 metres, the monzonite is strongly tectonized and overprinted
by sericite alteration that includes breccias and rubble zones healed by silica, containing well mineralized veins and veinlets
containing pyrite and chalcopyrite mineralization.
At 185 metres, the hole intersected Pit Zone 12, confirming and infilling this zone. The hole returned a near-surface interval
over 46 metres (29 metre true width), hosted in a propylitic altered diorite overprinted by selective hematite and potassic
alteration containing finely disseminated pyrite and vein hosted chalcopyrite and locally bornite mineralization.
At 245 metres, the hole intersected the northern edge of Central Zone 4. The hole returned an interval over 14 metres (9 metre
true width), hosted in strong potassic alteration, logged as monzonite, crosscut by a quartz stockwork containing pyrite and
chalcopyrite mineralization. The interval also reported an elevated 0.19 g/t palladium over its length indicative of very hot,
chloride rich fluids.
At 285 metres, the hole intersected Central Zone 6. The hole returned an interval over 32 metres (21 metre true width), hosted
in strong potassic alteration, logged as monzonite, crosscut by a quartz stockwork containing pyrite and chalcopyrite
mineralization. Below 299 metres, the rocks transition to a tectonized monzonite overprinted by sericite alteration containing a
dismembered quartz stockwork.
The hole did not intersect significant Western Zone mineralization.
Overall, hole K-25-287 demonstrated that the mineralized intersection between the Western and Central Zones does not
extend further to the north. However, the hole did return unexpectedly wide intersections of Pit Zone 10 and 12 at shallow
depths, defining these moderately southeast dipping zones and illustrating how the steeper dipping Pit Zone 5 branches off
these zones.
Table 1: Drill Results in this News Release 4 5
Hole From To Length Zone Cu Au Ag CuEq True Width Description
(m) (m) (m) (%) (g/t) (g/t) (%) Est. (m) Target Model Zone Reference
K-25-287 26.0 91.0 65.0 Pit 0.65 1.12 3.10 1.67 16.8 Higher-Grade Pit Zone 5
K-25-287 96.5 144.0 47.5 Pit 1.22 0.82 3.00 1.99 30.6 Higher-Grade Pit Cu Zone 11
K-25-287 144.0 179.9 35.9 Pit 0.81 1.03 2.88 1.75 23.0 Higher-Grade Pit Zone 10
Including 154.0 179.9 25.9 Pit 0.91 1.29 3.18 2.09 16.6 Higher-Grade Pit Zone 10
K-25-287 185.3 231.0 45.7 Pit 0.52 0.81 2.42 1.27 29.4 Higher-Grade Pit Zone 12
K-25-287 245.0 259.0 14.0 Central 0.55 0.75 2.44 1.24 9.0 Higher-Grade Au Zone 4
K-25-287 285.0 317.0 32.0 Central 0.32 1.13 1.74 1.34 20.6 Higher-Grade Au Zone 6
Table 2: Drill Collar Information 6
Hole Collar X Collar Y Collar Z Collar Azimuth Collar Dip Final Length
K-25-287 351493 6156310 990 160 -85 551
Quality Assurance / Quality Control
Drilling at Kwanika in 2025 was designed and supervised by NorthWest, implemented by InData Geoscience with assay
QA/QC checks by Explore Geosolutions. Samples were collected, tracked and an external QA/QC program was implemented
using blanks and standards to monitor analytical accuracy and precision. The samples were sealed on site and shipped to
Activation Laboratories Ltd. (“Actlabs”) in Kamloops, BC. The laboratory’s internal quality control system complies with global
certifications for quality ISO 17025. Drill core samples were analyzed using a combination of Actlabs multi-element 1F2
analysis for low level concentrations (4-Acid Digestion, ICP-OES) and the 8-4 Acid ICP-OES analysis for higher level
concentrations (4-Acid Digestion, ICP-OES with automatic over limits for base metals and silver). Gold, platinum and
palladium assaying was completed with 1C-OES method, using a 30-gram fire assay with ICP finish analysis. In addition,
about 5% of the sample pulps are re-assayed at a secondary laboratory to confirm reproducibility and check for bias.
Amalgamation of Subsidiaries
The Company has completed a vertical short-form amalgamation (the " Amalgamation ") with Tsayta Resources Corporation,
and 0790202 B.C. Ltd. (collectively, the "Subsidiaries"), two wholly-owned subsidiaries of the Company, effective January 1,
2026, pursuant to the Business Corporations Act (British Columbia).
The Amalgamation was completed to streamline the financial and regulatory reporting process and reduce administrative
costs.
No securities of the Company were issued in connection with the Amalgamation and the Company's share capital remains
unchanged. Pursuant to the Amalgamation, all of the issued and outstanding shares of the Subsidiaries were cancelled, and
the assets, liabilities and obligations of the Subsidiaries were assumed by the Company. The resulting amalgamated company
has retained the name "NorthWest Copper Corp.", maintained the same Articles and management as the Company, and the
common shares of the Company remain listed on the TSX Venture Exchange under the symbol "NWST".
The Company has filed the Certificate of Amalgamation and Notice of Articles on SEDAR+, which are publicly available
at www.sedarplus.ca .
Technical aspects of this news release have been reviewed, verified, and approved by Geoff Chinn, P.Geo., VP Business
Development and Exploration for NorthWest, who is a qualified person as defined by National Instrument 43-101 – Standards
of Disclosure for Minerals Projects.
About NorthWest:
NorthWest is a copper-gold exploration and development company 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 an established mining
jurisdiction, NorthWest is well positioned to participate fully in strengthening global copper and gold markets. The Company is
committed to responsible mineral exploration, working collaboratively with First Nations to help ensure future development
incorporates stewardship best practices and respects traditional land use. Additional information can be found on the
Company’s website at www.northwestcopper.ca.
On Behalf of NorthWest
“Paul Olmsted”
CEO, NorthWest Copper
For further information, please contact:
416-457-3333
Neither the TSXV 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 things, to statements with respect
to; plans and intentions of the Company; proposed exploration and development of NorthWest’s exploration property interests;
the Company’s ability to finance future operations; mine plans; magnitude or quality of mineral deposits; the development,
operational and economic results of current and future potential economic studies; adding the Lorraine resource to the
Kwanika-Stardust Project; the Company’s goals for 2025; geological interpretations; the estimation of Mineral Resources;
anticipated advancement of mineral properties or programs; future exploration prospects; the completion and timing of
technical reports; future growth potential of NorthWest; and future development plans.
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 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 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.com).
Forward-looking information is based on estimates and opinions of management at the date the information is 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.
__________________
1 “High-grade”, “higher-grade” or “strong intercepts” in this news release means intervals or grades greater than 1.0% CuEq.
2 CuEq assumes metal prices of $2646/oz gold, $4.34/lbs copper, $29.73/oz silver and 80% recovery for all metals, calculated
as follows: [Cu+100*((Au/31.1035*Au Price*80%)/(Cu Price*2204.62*80%)+(Ag/31.1035*Ag Price*80%)/(Cu
Price*2204.62*80%))]. The New Afton mine was considered as a comparable deposit and reductions to realized recoveries for
New Afton were applied for the purpose of Kwanika recoveries.
3 NI 43-101 technical report titled “Kwanika-Stardust Project NI 43-101 Technical Report on Preliminary Economic
Assessment” dated February 17, 2023, with an effective date of January 4, 2023, filed under the Company’s SEDAR+ profile
at www.sedarplus.com.
4 Estimated true widths based on collar azimuth and dip and the average dip of the mineralized zone
5 CuEq assumes consensus metal prices of $2646/oz gold, $4.34/lbs copper, $29.73/oz silver and 80% recovery for all
metals, calculated as follows: [Cu+100*((Au/31.1035*Au Price*80%)/(Cu Price*2204.62*80%)+(Ag/31.1035*Ag Price*80%)/(Cu
Price*2204.62*80%))]. The New Afton mine was considered as a comparable deposit and reductions to realized recoveries for
New Afton were applied for the purpose of Kwanika recoveries.
6 Collar coordinates reference UTM Zone 10N NAD83.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7e8e3fbe-eb6c-47a8-b3d2-4dad11bacdd6
https://www.globenewswire.com/NewsRoom/AttachmentNg/5f737362-fa1e-4352-8074-4146bf3b090d