Pag

e1

Copper North Mining Corp – Copper News – March 21, 2016

We are sourcing additional information as to supply and demand that may interest our investors. The

information is taken from newsletter and from industry databases. Investors should not rely on the

information provided in this Copper News; rather, they should seek advice from investment advisors.

Copper Recovery: breaks six month down trend from US$2.24 late August 2015; January

2016 low of US$1.96/lb has recovered to a 4 month high of $2.30/lb for a 17% increase.

Pag

e2

LME copper inventories decline from 370,000 tonnes August 2015 peak to current low of 158,275

tonnes .

Pag

e3

Copper Weekly Inventory Adjustments

Stockpiles continued to fall this week on LME. Large Shanghai inventory increase. Note that table does

not include private stocks of smelters, government stockpiles, etc.

Week Of LME (65%) Shanghai (23%) Comex (11.5%) Mar 14, 2016 -17,700 tonnes +44,639 tonnes +1,540 tonnes

Mar7, 2016 10,725 +45,032

Feb 29, 2016 -10,525 +29,083 -254

Feb 22, 2016 -11,300 -881 -338

Feb 15, 2016 -11,700 +35,662 +15

Feb 8, 2016 -8,425 0 +1,769

Feb 1, 2016 -13,725 +29,317 +266

Jan 25, 2015 +5,025 +17,653 -96

Jan 18, 2015 +3950 +8,081 -1356

Jan 11, 2016 -4600 -2340 -1210

Jan 4, 2016 -325 +10,717 -1092

Dec 28, 2015 -750 -4981 -1348

Dec 21, 2015 +3025 +432

Dec 14, 2015 -850 +9205 -736

Dec 7, 2015 -4,950 -2,115 -1774

Production cut-backs, decline of mine head grades, reduced treatment and refining charges, and falling

inventories, all suggest copper supply shortfalls in the making?

HM Visagie Daily Notes

March 21, 2016

Pag

e4

March 18, 2016

March 17, 2016

March 16, 2016

March 11, 2016

March 10, 2016

Pag

e5

March 8, 2016

March 4, 2016

March 3, 2016

March 2, 2016

Feb 29, 2016