NORTHISLE ANNOUNCES C$100 MILLION FINANCING

· Feb 26, 2026

Executive Summary

Northisle Copper and Gold Inc. has announced a significant C$100 million public offering that represents a substantial capital raise for the TSXV-listed copper and gold company. The brokered offering will issue up to 32.8 million common shares at $3.05 per share, with Paradigm Capital Inc. serving as lead agent and sole bookrunner for the syndicate of underwriters.

The financing structure includes an over-allotment option granting agents the right to purchase up to 4.9 million additional shares at the same price, potentially raising total proceeds to C$115 million. This greenshoe provision, exercisable up to 48 hours before closing, provides flexibility to accommodate strong investor demand and demonstrates confidence in the offering's market reception.

For a junior mining company operating in the copper and gold space, securing C$100 million in equity financing represents a transformational capital injection that will likely advance key development projects and strengthen the company's balance sheet. The substantial raise at $3.05 per share suggests institutional investor confidence in Northisle's assets and management team, particularly significant given current market conditions for junior miners.

This financing positions Northisle to accelerate exploration and development activities across its copper and gold portfolio, potentially moving projects toward production decisions. The successful completion of this offering would provide the company with significant runway to execute its strategic plans while maintaining financial flexibility in a volatile commodity pricing environment.

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Press Release

Vancouver, B.C. – Northisle Copper and Gold Inc. (TSXV: NCX) (“Northisle” or the “Company”) is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (“Paradigm”) as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the “Agents”), in connection with a ”best efforts” public offering (the “Brokered Offering”) for total gross proceeds of up to approximately $100,000,350, consisting of up to 32,787,000 common shares of the Company (the “Common Shares”) at a price of $3.05 per Common Share (the “Issue Price”). In addition, the Company has granted the Agents an option (the “Agents’ Option”) to sell up to 4,919,000 additional Common Shares at the Issue Price for additional aggregate gross proceeds of up to $15,002,950, exercisable not later than 48 hours prior to the Closing Date (as defined below). The term “Brokered Offering” includes the additional Common Shares that may be issued on the exercise of the Agents’ Option, if any.

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