Northwest Copper Corp. · TSXV:NWST
Northwest Copper — Investor Presentation (October 2026)
24 slides from Northwest Copper's investor presentation, Oct 20, 2026
Slide 1: Unlocking Value through a Higher-Grade Copper-Gold Development Strategy
Unlocking Value through a Higher-Grade Copper-Gold Development Strategy Exploration and Development in British Columbia October 2026 TSXV: NWST | OTC: NWCCF
Slide 2: Forward-Looking Statements
Forward-Looking Statements This Presentation has been prepared by NorthWest Copper Corp. (“NorthWest Copper” or the “Company”) solely for the use in the required under applicable securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the Presen
Slide 3: Why NorthWest Copper?
Why NorthWest Copper? Unlocking value at Kwanika-Stardust while creating additional upside through portfolio optionality TSX-V: NWST Oct 2026 Advancing a Higher-Grade Multiple Near-Term Catalysts Portfolio Optionality Beyond Corporate Presentation Copper-Gold Development Kwanika-Stardust Strategy TS
Slide 4: Reasons to Buy Now
Reasons to Buy Now TSX-V: NWST • Kwanika-Stardust targeting a higher-grade, higher-margin and more Value Creation capital-efficient development project • Optimization of mine scheduling and processing underway Oct 2026 • Updated Kwanika-Stardust PEA in progress Near-Term Catalysts • 12,000 m drill p
Slide 5: Multiple Copper-Gold Projects, Multiple Paths to Value
Multiple Copper-Gold Projects, Multiple Paths to Value Three Core Projects (100% Owned) TSX-V: NWST • Kwanika-Stardust, Flagship value creation opportunity • Advanced stage Copper-Gold exploration project • Updated PEA – in progress • 2026 drill program complete; additional assay results pending • L
Slide 6: Investment Highlights
Investment Highlights TSX-V: NWST • Kwanika-Stardust: Advancing a Higher-Grade Strategy to Unlock Project Value • Updated Mineral Resource supports the higher-grade development strategy • PEA evaluating optimized mine scheduling and processing alternatives to improve potential project economics • 20
Slide 7: Kwanika-Stardust: Flagship Value Creation Opportunity
Kwanika-Stardust: Flagship Value Creation Opportunity Accessibility & Infrastructure TSX-V: NWST • All-season forest road access • Regional power infrastructure and rail connections Regional Geology • Pinchi Fault (Closed Subduction Zone) • Kwanika Central - Alkalic Porphyry (198 Ma) • Stardust - Sk
Slide 8: Executing the Higher-Grade Development Strategy at Kwanika-Stardust
Executing the Higher-Grade Development Strategy at Kwanika-Stardust TSX-V: NWST Advancing a higher-grade, higher-margin and more capital-efficient copper-gold project Enhancing the ability to finance the project through to development Oct 2026 ✓ Delivered updated mineral resource estimate ✓ Metallur
Slide 9: Kwanika Central: Mineral Resource Estimate
Kwanika Central: Mineral Resource Estimate Updated Kwanika Central Mineral Resource constrained by open pit and sublevel caving mining shapes TSX-V: NWST (excludes the Stardust and Kwanika South mineral resources) Area and Classification1 Tonnes (Mt) Cu (%) Au (g/t) Ag (g/t) CuEq (%)2 Cu (Mlbs) Au (
Slide 10: Kwanika Central Deposit: Open Pit and Underground
Kwanika Central Deposit: Open Pit and Underground Kwanika Central Deposit - Looking Northwest TSX-V: NWST A’ Oct 2026 A CuEq (%) >2.0 >1.5 Corporate Presentation Kwanika Central Re-Modelled in support of >1.25 a higher-grade development strategy: >1.0 • Identified 16 discrete and continuous zones >0
Slide 11: Kwanika: Multiple Targets for Resource Growth
Kwanika: Multiple Targets for Resource Growth Multiple Exploration Targets: TSX-V: NWST 1. Western Zone (Infill and expand known grade zones) 2. Down Plunge Central/Pit Zone (Potential to extend the open pit to depth) 3. North Pit Extension (Infill and expand near-surface mineralization) 4 4. Andesi
Slide 12: Stardust – Higher-Grade Satellite Deposit to Kwanika
Stardust – Higher-Grade Satellite Deposit to Kwanika Development options being evaluated for inclusion in the updated PEA TSX-V: NWST Stardust Mine Design: • Potential source of higher-grade mill feed to supplement Kwanika • Optimized mine scheduling under evaluation as part of Oct 2026 updated PEA
Slide 13: Kwanika-Stardust: New Afton as a Development Benchmark
Kwanika-Stardust: New Afton as a Development Benchmark New Afton in BC provides a useful benchmark for the long-term development trajectory at Kwanika-Stardust TSX-V: NWST • Geology: Similar alkalic porphyry system with comparable Cu-Au-Ag deposit style • Mining: Open pit followed by underground bul
Slide 14: Lorraine-Top Cat: Resource Growth Opportunity
Lorraine-Top Cat: Resource Growth Opportunity Project Overview TSX-V: NWST • Located approximately 45 km from Kwanika-Stardust • 100% owned; 2.25% NSR royalty with buyback to 1.25% • Large 65,800+ ha land position Exploration and Resource Growth • Established copper-gold mineral resource Oct 2026 •
Slide 15: East Niv: High Potential Discovery with Strategic Optionality
East Niv: High Potential Discovery with Strategic Optionality Project Overview TSX-V: NWST • 100% owned; royalty and stream free • Large land position of 43,000+ ha • Discovery drilling completed in 2021 Exploration and Growth Potential • Only 7,706 m drilled along northeast edge of one interpreted
Slide 16: Omineca Cu-Au Porphyry Projects
Omineca Cu-Au Porphyry Projects Additional Exploration Optionality in a Highly Active Copper-Gold District TSX-V: NWST Multiple Opportunities to Unlock Value Through Exploration or Strategic Transactions NorthWest Omineca Projects: • East Niv: strategic position surrounding Metal Energy’s Niv projec
Slide 17: Fully Funded Through Key Catalysts
Fully Funded Through Key Catalysts Significant Shareholder TSX-V: NWST TSX-V: NWST 9% Basic Shares O/S 298.3 M Institutions Market Cap (as at Oct/26) $86 M 10% Warrants1 30.5 M Options/RSUs 2.4 M 52-week High $0.48 Teck Fully Diluted Shares O/S 331.2 M Retail 52-week Low $0.21 76% 2% Mgmt & Current
Slide 18: Reasons to Invest
Reasons to Invest TSX-V: NWST 1. Unlocking value at Kwanika-Stardust through a higher-grade, higher-margin, more capital- efficient development strategy 2. Multiple near-term catalysts with potential to support a market re-rating Oct 2026 3. Fully funded through key technical and exploration milesto
Slide 19: Appendix
info@northwestcopper.ca +1 416 457 3333 northwestcopper.ca APPENDIX TSX-V: NWST | OTC: NWCCF
Slide 20: Peer Group Valuation Comparison
Peer Group Valuation Comparison Value Re-Rating Potential TSX-V: NWST Oct 2026 Peer Average US$0.10/lb Corporate Presentation NWST trading at US$0.02/lb CuEq vs Peers at US$0.10/lb CuEq • NWST trading significantly below peer group valuation levels • Material valuation gap relative to the peer group
Slide 21: Experienced Team
Experienced Team Paul Olmsted- CEO TSX-V: NWST Mr. Olmsted has been an executive in the gold mining industry for close to 25 years and has been active in the mining industry for 35 years. Most recently he served as Chief Financial Officer of Superior Gold Inc., leading the company from its initial I
Slide 22: Proven Board of Directors & Advisors
Proven Board of Directors & Advisors Maryantonett Flumian – Chair TSX-V: NWST Maryantonett has a career spent in the Canadian federal and provincial public service. A former Deputy Minister in the Canadian federal government as well as the President of the Institute on Governance for 10 years, she e
Slide 23: NorthWest Copper Mineral Resources
NorthWest Copper Mineral Resources TSX-V: NWST Kwanika Central1 Classification Tonnes (Mt) Cu (%) Au (g/t) Ag (g/t) Cu (Mlbs) Au (koz) Ag (koz) Open Pit Indicated 8.99 0.55 0.51 1.8 109.5 148 512 Inferred 9.18 0.33 0.35 1.0 66.1 104 300 Underground Indicated 7.23 0.73 1.01 2.3 117.0 235 523 Inferred
Slide 24: NorthWest Copper Mineral Resource Notes
NorthWest Copper Mineral Resource Notes Stardust (Underground) Notes Kwanika Central (Open Pit and Underground) Notes • The Mineral Resources have been compiled by Mr. B Ronald G. Simpson of GeoSim Services Inc. Mr. Simpson has sufficient • The Mineral Resource has an effective date of February 27,
NorthWest Copper — Investor Presentation (October 2026) on 6ix