Northisle Announces Closing of $115 million Financing

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.