On September 21, 2023, NorthWest Copper Corp. announced that it has reminded shareholders that the Activist Group has had four months to answer simple questions about its legitimate plans for the Company and how it intends to enhance shareholder value. In the Board?s view, the reason the Activist Group cannot articulate a credible plan is because it may be looking to take over the Company without paying a premium to all other shareholders.

The Company added that the Activist Group refused to settle with the Board and has publicly confirmed it will use Company funds to reimburse the personal expenses being incurred in this proxy fight ? expected to be in the hundreds of thousands of dollars. The Activist Group also approached two directors Chair Terry Lyons and director David Moore to join its slate who has denied request due to the lack of plan for the Company?s future and the potential risk to the investments of all other shareholders.

The Company urged shareholders to vote for its nominees on September 22, 2023 as recommended by both ISS and Glass Lewis.