NorthWest Copper Appoints Tyler Caswell as VP Exploration and Provides Update on PEA Timing

VANCOUVER, British Columbia, Dec. 23, 2022 (GLOBE NEWSWIRE) -- NorthWest Copper (“Northwest” or the “Company”) is pleased to announce the appointment of Tyler Caswell as Vice President Exploration. Mr. Caswell has been a key member of our leadership team in his recent role of Principal Geologist and brings a wealth of experience in the central BC region and globally to NorthWest.

Mr. Caswell is a registered professional geologist with over 18 years of experience in mineral exploration working in Peru, Chile, Argentina, Laos, Nunavut, the Yukon and northern British Columbia exploring for base and precious metals.  Mr. Caswell has been with NorthWest since the combination with Sun Metals, and prior to NorthWest, he served as the Stardust Project Manager with Sun Metals from 2018. His experience spans brownfield and greenfield exploration programs for major and junior mining companies.  Mr. Caswell has a B.Sc. (with distinction) from the University of Victoria.

Peter Bell, President & CEO of NorthWest states: “We are very excited to appoint Tyler as the VP Exploration at NorthWest. Tyler is a great leader and has been part of the NorthWest journey from the start, including working for one of our predecessor companies, Sun Metals. Tyler combines local understanding of geology and exploration in BC with global experience. He also is a key partner in our ongoing Indigenous engagement with the First Nations in the areas where we work.”

“I would like to acknowledge the many contributions of Ian Neill, the former VP Exploration, who is leaving for personal health reasons,” continued Mr. Bell. “Ian was instrumental in establishing the exploration team we have in place, and in discoveries including the 421 zone at Stardust while at Sun Metals, the 217 Chalcocite Breccia at Kwanika and the discovery at East Niv. We wish Ian well.”

“I am excited to join the great leadership team at NorthWest in my new role as VP Exploration. I look forward to advancing our fantastic portfolio of copper-gold projects in partnership with First Nations,” stated Mr. Caswell. “This is a great time to be exploring and developing copper projects with copper at the heart of Canada’s Critical Minerals effort.”

PEA Timing

The Company is nearing completion of the preliminary economic assessment (“PEA”) for the combined Kwanika-Stardust project and expects to have the results in January 2023. We will also be hosting a conference call to review the results of the PEA once complete, further details on this will be forthcoming.

About NorthWest Copper:

NorthWest Copper is a new copper-gold explorer and developer with an exciting pipeline of projects in British Columbia. With a robust portfolio in a tier one jurisdiction, NorthWest Copper is well positioned to participate fully in a strengthening global copper market. We are committed to responsible mineral exploration which involves working collaboratively with First Nations to ensure future development incorporates stewardship best practices and traditional land use. Additional information can be found on the Company’s website at www.northwestcopper.ca.

On Behalf of the Board of Directors of NorthWest Copper Corp.

“Peter Bell”

President and Chief Executive Officer

For further information, please contact:

Peter Lekich, Director Investor Relations

Tel: 604-697-4962

Email: [email protected]

Neither TSX Venture Exchange 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, trend analysis and other information contained in this news release about anticipated future events or results constitute forward-looking information including but not limited to statements with respect to: the timing of the PEA; future growth potential of NorthWest; and future development plans. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. 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 third party providers; 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.sedar.com). Forward-looking information is based on estimates and opinions of management at the date the information are 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.