VANCOUVER, British Columbia, July 19, 2024--(BUSINESS WIRE)--Northisle Copper and Gold Inc. (TSX-V: NCX) ("Northisle" or the "Company") announced that NorthIsle’s Board of Directors has approved the issuance of 352,000 stock options (the "Options") to certain directors and employees of Northisle, pursuant to the Company’s incentive stock option plan (the "Stock Option Plan"). The Options provide for the purchase of an aggregate of 352,000 common shares of the Company (the "Common Shares") at an exercise price of $0.475 per share, which is the closing price for the Common Shares on the TSX Venture Exchange as of July 18, 2024. All of the Options have a 5 year term and vest one third per year beginning on the issuance date.

In addition, the Board of Directors has approved the issuance of 212,000 deferred share units (the "DSUs") to Eligible Directors, pursuant to the Company’s Share Unit Plan (the "Share Unit Plan"). The DSUs will vest on July 18, 2025.

Further terms of the Options and DSUs can be found in the Stock Option Plan and Share Unit Plan as filed on SEDAR+.

About Northisle

Northisle Copper and Gold Inc. is a Vancouver-based company whose mission is to become Canada’s leading sustainable mineral resource company for the future. Northisle owns the North Island Project, which is one of the most promising copper and gold porphyry deposits in Canada. The North Island Project is located near Port Hardy, British Columbia on a more than 34,000-hectare block of mineral titles 100% owned by Northisle stretching 50 kilometres northwest from the now closed Island Copper Mine operated by BHP Billiton. Northisle completed an updated preliminary economic assessment for the North Island Project in 2021 and is now focused on advancement of the project while continuing exploration within this highly prospective land package.

For more information on Northisle please visit the Company’s website at www.northisle.ca.

Cautionary Statements regarding Forward-Looking Information

Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "intend" and similar expressions. Forward-looking statements in this news release include, but are not limited to, any future plans, objectives or expectations of Northisle. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, Northisle’s ability to implement its business strategies; risks associated with mineral exploration and production; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. Readers are cautioned that the foregoing list is not exhaustive.