Northisle Copper and Gold Inc. announced that it has successfully concluded its phase one drill program at Northwest Expo and Goodspeed. In addition, the Company has received a 5-year area-based exploration permit covering its Pemberton Hills exploration targets on the North Island Project. Receipt of this permit, as well as the Northwest permit received earlier this year, followed a robust engagement process which included extensive information sharing and discussions with impacted First Nations in advance of and throughout the permitting process.

Northisle has completed a total of 8 holes for a total of 4,188m, in its 2023 Phase One program at Northwest Expo. In addition, a large step out to the west was also completed in NW23-16 where a 102m intercept of silica-clay-pyrite alteration was logged in this distal zone. Samples from all 8 holes have been submitted for analysis and the last hole's results are anticipated by early October.

Following the completion of the Phase 1 program at Northwest Expo Zone 1, the drill was moved to the Goodspeed target area, where five holes totalling 1,626m were drilled to test targets outlined by the interpretation of surface alteration mapping, historical drilling and induced polarization and magnetic geophysics surveys completed in 2022. These holes are currently being logged and sampled for assaying. The company have continued to make progress against milestones and are on track for the remaining items for this year.

completed - Results from Fall 2022 surface exploration program including geophysics, mapping and sampling; completed - Advancement of Pemberton Hills thesis; completed - signed agreement with Tlatlasikwala First Nation in addition to existing Quatsino First Nation agreement; completed - Northwest Expo resource definition drilling targeting gold-enriched Zone 1; Goodspeed scout drilling; third quarter 2023 - Commence Phase II fully funded drill program; fourth quarter 2023 - Inaugural Northwest Expo Zone 1 resource estimate; ONGOING - Metallurgical testing results; ONGOING - Continued progress on relationships with indigenous rightsholders and local stakeholders. UPCOMING INVESTOR RELATIONS events: During the fall, the Company will continue to be very active in reaching out to new and existing investors via virtual and in-person channels. The Company has also recently concluded several site visits to the North Island Project.

Northisle, through its 100% owned subsidiary North Island Mining Corp., owns the North Island Project, which is one of the most promising copper and gold porphyry projects in Canada. The North Island Project is located near Port Hardy, British Columbia on a more than 34,000-hectare block of mineral titles 100% owned by Northisle stretching 50 kilometres northwest from the now closed Island Copper Mine operated by B.S. and B.S.