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September 2012 TSXV: NCX November 2016 TSXV: NCX A Copper-Gold Producer in the Making 100% owned North Island Project on Vancouver Island in British Columbia, Canada

A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

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Page 1: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

September 2012

TSXV: NCX November 2016

TSXV: NCX

A Copper-Gold Producer

in the Making

100% owned North Island Project on

Vancouver Island in British Columbia, Canada

Page 2: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 2

Investment Highlights

Large 38,238 hectare project in British Columbia covering an entire porphyry copper belt

Defined Hushamu Porphyry Copper - Gold Deposit with molybdenum – Rhenium credits:

Indicated 1.4 B lbs Cu, 2.8 M oz Au and 65.7 M lbs Mo at .45% Cu Eq;

Inferred 0.8 B lbs Cu, 1.7 M oz Au and 34.9 M lbs Mo at .39% Cu Eq;

Resource open to SE for 300 metres NW of current resource.

Multiple additional under explored occurrences including historical Red Dog Deposit;

Excellent infrastructure

Adjacent to BHP’s Past Producing Island Copper Mine;

BC power grid and Deep Sea Loading Facility;

Road Access;

Resource community that understands mining.

Recent acquisition of Red Dog historical resource*, if verified, could add 20 million tonnes at a

50% higher grade than Hushamu;

*Caution: Non current resource requires verification by Qualified Person

Not to be relied upon

Page 3: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 3

TSX V: NCX

Financial Overview

As of March 1, 2016

Shares Outstanding 102.5 million

Options Outstanding 6.6 million

Warrants Outstanding – 2,500,000 @ $0.05 2.5 million

Cash CDN $ 650K

Page 4: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 4

Management and

Board of Directors Dale Corman, B.Sc, P.Eng, Chairman

40 years experience as a senior corporate officer of publicly listed companies. Extensive expertise in mineral

exploration & development, financing, property evaluation and acquisition. Currently Chairman and CEO

Western Copper Corp.

Jack McClintock, MBA, P.Eng Director, President and CEO

30 years experience in all facets of the mineral exploration business and formerly Exploration Manager for BHP

Billiton.

David Douglas, CA, Director and CFO

Chartered Accountant with over 30 years of experience in the accounting, corporate finance, and mining

industries. He has participated in the sale or financing of over 30 private and public enterprises with a combined

value of over $300 million.

Brandon Macdonald, B.Sc., MBA

Brandon completed his MBA at Oxford University in 2007 where he graduated with Distinction. Also holds a BSc

in Geology from UBC. Is a principal with Jing Capital Corp., a firm specializing in marketing Western Companies

in Asia. Previously worked in investment banking with Macquarie - London Office.

Larry Yau Larry has 20 years of financial and business experience, gained primarily in the mining and resources sectors.

Most recently, Larry was Chief Financial Officer for two junior mining companies where he was heavily involved

in raising capital and the successful construction of mines in North America. Previously, Larry was Manager,

Corporate Development, at Placer Dome Inc. until its acquisition by Barrick Gold Corp. and participated in

several high-profile, international acquisitions. He is a Canadian Chartered Accountant.

Page 5: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 5

Red Dog

NCX Controls an entire Porphyry district

Two known deposits and numerous additional porphyry targets

Page 6: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 6

Hushamu Mineral Resource

Resource Grade Contained Metal

Tonnes

(x1000)

Copper

%

Gold

g/t

Mo

%

Re

ppm

Cu Eq

%

Copper

B lb

Gold

M oz

Mo

M lb

Re

Kg x

1000

Indicated 304,000 0.21 0.29 .010 0.55 0.45 1.4 2.8 65.7 167.4

Inferred 205,600 0.18 0.26 .008 0.38 0.39 0.8 1.7 34.9 78.1

Indicated Resource:

Copper: 1.4 Billion lb

Gold: 2.8 Million oz

Molybdenum: 65.7 Million lb

** Copper equivalent calculated using US$2.50/lb Cu, US$1100/oz Au and US$14.00/lb Mo and is not adjusted for mining and metallurgical recoveries

as these remain uncertain.

Copper cutoff at 0.3% CuEq

Rhenium values have not been used in the cutoff grade or Cu Equivalent calculations

Page 7: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 7

Comparable Resources at Operating

British Columbian Mines

0

0.05

0.1

0.15

0.2

0.25

0.3

0.35

0.4

%

Copper %

0

0.05

0.1

0.15

0.2

0.25

0.3

0.35

0.4

g/t

Gold g/t

0

0.1

0.2

0.3

0.4

0.5

0.6

Cu

Eq

%

Copper Eq %

(Based on Cu Eq at $2.50, $1,100 Au, $14 Mo)

Comparable Operating Mines

Hushamu Deposit

Grades compare well with current operating mines in BC

Page 8: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 8

Hushamu Resource Upside

Deposit open to southeast

Holes drilled

down low-grade

vertical dykes

Page 9: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 9

Cross Section Hushamu Deposit

0.56%, 0.05

192m

Cu eq%, Re gpt

interval metres

QFPP intrusive

Copper equivalent based on US$ 2.50/lb copper, $1100 opt gold, $14/lb molybdenum, no value given for rhenium

Life of mine strip ratio 1.76 to 1

Page 10: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 10

Additional Targets May Add Further Resources

NW Expo

Pemberton Hills

Red Dog

Deposit

Page 11: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 11

North West Expo and Red Dog Targets

Historical Red

Dog Resource (open to NW)

Hole

abandoned in

Overburden

Untested IP

Anomaly >15mv/v

0.12%Cu &

0.09gpt Au / 176m

Mineralized drill

hole

Non mineralized or

abandoned hole

0.16% Cu & 0.14gpt Au / 61m

Scale 2 Km 0 Km

Slide

Zone

Soil and rock sampling indicates Red Dog zone continues to IP anomaly

Page 12: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 12

High-Level Alteration Suggests

Porphyry Deposit at Depth

• 1.5 by 0.8 km area

of high level

alteration

• Drill holes in central

of part of zone

show increasing

copper with depth

• Historical resource

occurs in high level

quartz breccia

(Potential Buried Porphyry Copper at

Depth)

section

Page 13: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 13

Red Dog Deposit

• Historical Resource: 20m tonnes

at 0.3%Cu, 0.55gpt Au and 0.012%

Mo*;

• Low Strip ratio;

• Open to west to untested IP

anomaly;

• 10km from Hushamu deposit by

road

• 50% better grade than Hushamu

• Potential positive impact to

Hushamu economics

*Caution: Non current resource requires verification by Qualified Person

Not to be relied upon

Option to earn 100% interest subject to 3%NSR (2% can be purchased for $1m per 1%)

Page 14: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 14

Verification Drilling Confirms Grades of

Historical Holes

2016 Drill Holes Adjacent Historical Hole

Hole ID Length

(metres)

Cu % Au gpt Hole ID Metres (Metres)

Cu% Au gpt

RD16-01 198.5 0.31 0.47 90-01 198 0.36 0.61

RD 16-02 146 0.33 0.52 EC

132A

146 0.31 0.51

RD 16-03 70.8 0.30 0.55 91-04 70.6 0.33 0.50

RD 16-06 122 0.30 0.41 EC 133 121.9 0.31 0.47

Page 15: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 15

Pemberton Hills Targets

• 3.5 by 1.5km area of high-

level Silicification and

Advanced Argillic Alteration

• Deep hole ends in 0.14% Cu

• Untested by drilling

• Small portion surveyed by IP

is open to South

Silicification

Open IP

Anomaly

Silicification

Area of high-level

porphyry alteration:

High level alteration indicative of underlying copper porphyry deposit

Page 16: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 16

Catalyst for Value Creation

• Completion of PEA

– Addition of Red Dog Resource to mine Plan;

– Finalize metallurgy;

– Complete mine plan based on revised Hushamu Resource model and Red Dog

resource

• Timeline and Cost

– Completion of Red Dog metallurgy (November) $ 40,000

– Resource update Red Dog (November) $ 20,000

– Mine Plan (Dec - Jan ) $100,000

– Update tailings and Capex and Opex estimates (Jan- Mar) $250,000

Total $410,000

Page 17: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 17

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

Certain of the statements and information in this press release constitute “forward-looking statements” within the meaning of the

United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable

Canadian securities laws. Forward-looking statements and information generally express predictions, expectations, beliefs, plans,

projections, or assumptions of future events or performance and do not constitute historical fact. Forward-looking statements and

information tend to include words such as “may,” “expects,” “anticipates,” “believes,” “targets,” “forecasts,” “schedules,” “goals,”

“budgets,” or similar terminology. Forward-looking statements and information herein include, but are not limited to, statements with

respect to the completion of the Proposed Arrangement and the expected structure thereof; anticipated shareholder, court and

regulatory approvals; and the expected timing of closing of the Arrangement. All forward-looking statements and information are

based on NorthIsle’s or its consultants' current beliefs as well as various assumptions made by and information currently available to

them. These assumptions include, without limitation that shareholder and court approvals to the Proposed Arrangement will be

obtained in a timely manner, and that regulatory approvals will be available on acceptable terms. Although management considers

these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking

statements and information are inherently subject to significant business, economic, and competitive uncertainties and contingencies

and are subject to important risk factors and uncertainties, both known and unknown, that are beyond NorthIsle’s ability to control or

predict. Actual results and future events could differ materially from those anticipated in forward-looking statements and information.

Examples of potential risks are set forth in Northisle's annual report most recently filed with the U.S. Securities and Exchange

Commission and the Canadian Securities Administrators as of the date of this press release. Accordingly, readers should not place

undue reliance on forward-looking statements or information. NorthIsle expressly disclaims any intention or obligation to update or

revise any forward-looking statements and information whether as a result of new information, future events or otherwise, except as

otherwise required by applicable securities legislation.

John McClintock, P Eng is the Qualified person responsible for the technical content of this presentation

Page 18: A Copper-Gold Producer in the Making - northisle.ca...November 2016 TSXV: NCX A Copper-Gold Producer in the Making ... As of March 1, 2016 Shares Outstanding 102.5 million ... Corporate

TSXV: NCX 18

15th Floor – 1040 West Georgia Street

Vancouver, BC V6E 4H1

T: 604-638-2515

F: 604-669-2926

www.northisle.ca

[email protected]