NorthWest Copper Corp.

2021 ESG Data Report

Published on November 2, 2022

NorthWest Copper is a newly formed company with a copper-gold project pipeline in British Columbia, Canada. The Company was created in March 2021 by a merger of two pre-existing companies – Sun Metals and Serengeti Resources. We are a new company but with long term roots in north-central BC.

We have created our flagship Kwanika/Stardust project through the merger. We are also advancing our new East Niv copper-gold project and our more advanced Lorraine copper-gold project. All of these are in the same region of BC.

Disclaimer and Forward Looking Statements

Company Profile

Organizational Profile

Name

NorthWest Copper Corp.

Describe nature of activities, brands, products and services

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 is well positioned to participate
fully in a strengthening global copper market.
Our pipeline includes the advanced, high-grade
Kwanika/Stardust project, the extensive
Lorraine project with existing high-grade
resources, and our 2021 discovery - East Niv, a
brand new copper-gold porphyry system.

Link to Corporate Website

https://northwestcopper.ca/

Industry Classification

NAICS:
212299 All other metal ore mining

ISIC:
B0729 Mining of other non-ferrous metal ores

Market Capitalization

$0-$100Million USD

Type of Operations

Exclusively non-producing operations

Company Headquarters

Vancouver, Canada

Link to company's statements of: Purpose, Vision, Mission and Values; Sustainability/ESG strategy; previously published Sustainability/ESG performance or reports. (URL)

https://northwestcopper.ca/about-us/our-
story/

ESG Accountability

Role and Name of highest authority within company for Environment, Social and Governance strategy, programs and performance

Peter Bell, President and CEO, Director

ESG Reporting Period

Unless otherwise noted, all data contained in this report covers the following period

From

2021-01-01

2021-12-31

Geographic Scope of Report

Unless otherwise noted, the data in this report covers ESG matters related to the following locations of operations

Canada

NorthWest Copper assets

Identify notable exclusions, and reference any existing or planned reports that do or will address these (e.g, assets recently divested or acquired, non-managed joint ventures, specific exploration activities, recently closed sites, etc.)

NorthWest Copper holds assets in British
Columbia, Canada, including Stardust and
Kwanika, Lorraine and Top Cat, East Niv, Arjay,
Croy Bloom, Tchentlo, Milligan West, Jewel,
and UDS.

For the purpose of this report, NorthWest
Copper is disclosing ESG information related to
the following active projects:

• Stardust and Kwanika
• Lorraine and Top Cat
• East Niv
• Arjay

Fragile and Conflict-Affected Situations

Identify all of the entity's countries of operations that align with the World Bank's list of "Fragile and Conflict-Affected Situations"

None

Business Operations Scope of Report

This report does not cover projects where no
exploration work was conducted in 2021
including Croy Bloom, Tchentlo, Milligan West,
Jewel, and UDS.

Mineral Resource Types in Scope

Which of the following mineral resource types are covered by this report

• Inferred
• Indicated
• Measured

Mineral Reserve Types in Scope

Which of the following mineral reserve types are covered by this report

None

Currency

Unless otherwise noted, all financial figures referenced in this report are in the following currency

CAD

Audit Status

Identify the degree to which any inputs of the report are third-party checked

Self-Declared

Organizational Profile

Provide a list of externally-developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes, or which it endorses, e.g., GRI, UN Global Compact

This is the foundational report for NorthWest
Copper Corp. In this report we are aligning
with the following ESG standards:

• CDP - Carbon Disclosure Project
• GRI - Global Reporting
Initiative Comprehensive
• GRI- Mining and Metals Supplement
• ICMM - The International Council on
Mining and Metals
• ISS - ISS ESG Governance Quality Score
• ONYEN - Institutional and Investor
Questions
• SASB -Sustainability Accounting Standards
Board
• UGC - UN Global Compact.

Strategy

Provide a statement from the most senior decision-maker of the organization (i.e., CEO, chair, or equivalent senior position) about the relevance of sustainability to the organization and its strategy for addressing sustainability (CEO's message for this report)

NorthWest Copper is committed to working
towards ESG best practices.

As a newly formed company, we are building on
past relationships and partnerships with
Indigenous leaders and communities and
looking for opportunities to enhance
collaboration, support stewardship practices,
and contribute to building strong communities
and local economies.

With a focus on exploring for copper in an area
of British Columbia with existing
infrastructure, abundant hydroelectric
power, and a local workforce supporting our
programs, our ESG performance is core to
NorthWest Copper's longer term goal to
contribute to sustainable economies and
encourage and promote cultural and
environmental stewardship.

We seek to meet best practices in our current
exploration but also in advancing and designing
our future projects.

Peter Bell, CEO

Provide a description of key impacts, risks, and opportunities,

Mineral exploration and the advancement of
mining projects within British Columbia pose
risks but create many opportunities to bring
needed resources to meet the demands of
society and the changing economy. While our
activities at this stage are seasonal and
temporary in nature, planning for the future
requires us to manage our impacts and
minimize risk to the environment, biodiversity,
culture heritage and traditional use of land.

There are opportunities to build on traditional
and local knowledge to manage these potential
impacts and to put systems in place that
support better understanding of the land to
encourage and support stewardship. In
addition, working collaboratively with
Indigenous communities and leadership we see
opportunities to build and support the
development of stronger local economies.

NorthWest Copper envisions a future of shared
values where partnerships with local
communities drive a new kind of mining where
the rights of Indigenous Peoples are recognized
and the stewardship of the environment and
cultural heritage form the foundation of future
development.

Ethics and Integrity

Provide a description of the organization’s values, principles, standards, and norms of behaviour

The predecessor companies of NorthWest
Copper operated with integrity and under
sound Codes of Conduct and Ethics.

In 2021, NorthWest Copper undertook a
review of these and adopted a new Code of
Business Conduct and Ethics as well as new
Timely Disclosure, Confidentiality and Insider
Trading policies.

Please refer to the attached links for a copy of
these policies, and a description of our plans on
ethics and integrity in 2022.

NorthWest Copper's Ethics and Integrity Plan for 2022

NorthWest Copper's Code of Business Conduct and Ethics

NorthWest Copper's Timely Disclosure, Confidentiality and Insider Trading Policy

Material Topics

Governance of Material Topics

Describe the process followed to determine its material topics, including

i. How has the organization identified actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights, across its activities and business relationships; provide details

Other external sources, please list

As an exploration company, NorthWest Copper
has not conducted a formal process to
determine the material topics to stakeholders
at its exploration sites. However, the Company
regularly engages with stakeholders and
Indigenous Peoples to understand and address
their concerns. For the purpose of this report,
the material topics selected and discussed
below result from this engagement.

ii. How has the organization prioritized the impacts for reporting based on their significance

As an exploration company NorthWest Copper
has not prioritized the impacts for reporting.

Specify the stakeholders and experts whose views have informed the process of determining its material topics and provide details

• Employees and other workers
• Governments
• Local communities
• Shareholders and other capital providers
• Other, please specify

NorthWest Copper continuously engages and
receives feedback and input from Indigenous
Peoples in our project area.

List the organization's material topics

• Economic Performance
• Market Presence
• Procurement Practices
• Overall environmental
• Employment
• Training and Education
• Indigenous Rights
• Local Communities
• Marketing
• Communications
• Permitting

List the organization's non-material topics

• Products and Services
• Labor/Management Relations
• Freedom of Association and Collective
Bargaining
• Child Labor
• Forced or Compulsory Labor
• Security Practices
• Anti-competitive Behavior
• Artisanal and Small-scale mining
• Resettlement
• Customer Health and Safety
• Product and Service Labeling
• Customer Privacy

Provide reason for considering such topics not material, provide details

Not applicable

These topics are not relevant to our business
and/or operational stage.

Report changes to the list of material topics compared to the previous reporting period

This is NorthWest Copper's foundational ESG
report, as such there are no changes to the
Company's list of material topics.

Environment

Compliance

a. Report fines and non-monetary sanctions for non-compliance with environmental laws and/or regulations in terms of

i. Total monetary value of significant fines

ii. Total number of non-monetary sanctions

iii. Cases brought through dispute resolution mechanisms

b. If the organization is in compliance with environmental laws and/or regulations, a brief statement if this fact is sufficient

NorthWest Copper is in compliance with all
federal and provincial environmental laws
and/or regulations administered by the
ministries of Environment, Energy, Mines and
Low-Carbon Innovation, and Forest Lands and
Natural Resources.

Greenhouse Gas Emissions

Scope 1

For your operations, disclose the gross global Scope1 greenhouse gas (GHG) emissions to the atmosphere of the seven GHGs covered under the Kyoto Protocol (tonne CO₂-e)

Carbon dioxide (CO₂) (tonne CO₂-e)

711.972

Methane (CH₄) (tonne CO₂-e)

0.000

Nitrous oxide (N₂O) (tonne CO₂-e)

0.000

Hydrofluorocarbon-23 (CHF₃) (tonne CO₂-e)

0.000

Hydrofluorocarbon-32 (CH₂F₂) (tonne CO₂-e)

0.000

Sulphur hexafluoride (SF₆) (tonne CO₂-e)

0.000

Nitrogen trifluoride (NF₃) (tonne CO₂-e)

0.000

Perfluoromethane (CF₄) (tonne CO₂-e)

0.000

Perfluoroethane (C₂F₆) (tonne CO₂-e)

0.000

Perfluorobutane (C₄F₁₀) (tonne CO₂-e)

0.000

Perfluorohexane (C₆F₁₄) (tonne CO₂-e)

0.000

The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne)

711.972

The percentage of its gross global Scope 1 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, such as cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms

100.0000%

The entity shall discuss its long-term and short-term strategy or plan to manage its Scope 1 greenhouse gas (GHG) emissions

The 2021 season was the first that GHG
emissions were tracked. We will continue to
document and track GHG emissions and
establish a baseline that relates to the level of
activity for a given year.

Intensity Ratio

The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne)

711.972

Carbon Offset

Credits

How much CO₂ (metric tonnes) offset credits were purchased?

0.000

What is the percentage of the offset to the total CO₂ equivalence

0.0000%

Air Emissions

Report emissions of air pollutants that are released into the atmosphere

Emissions of carbon monoxide, reported as CO (tonne)

0.000

Emissions of oxides of nitrogen (NOx), reported as NOx (tonne)

0.000

Emissions of oxides of sulphur (SOx), reported as SOx (tonne)

0.000

Emissions of Particulate Matter 10 micrometres or less in diameter (PM₁₀), reported as PM₁₀ (tonne)

0.000

Emissions of lead and lead compounds, reported as Pb (tonne)

0.000

Emissions of mercury and mercury compounds, reported as Hg (tonne)

0.000

Emissions of non-methane Volatile Organic Compounds (VOCs) (tonne)

0.000

Energy Management

Total energy consumed in aggregate, in gigajoules (GJ) (hydrocarbons and electricity) including the fuel types used (e.g., biomass, hydro-electric power or bioenergy)

690.000

Percentage energy consumed that was supplied by grid electricity

0.0000%

Percentage of energy consumed that is renewable energy

0.0000%

Water

Efficiency

Proportion of water reused and recycled by the site to reduce the overall consumptive water demand

0.0000%

Water Management

Disclose the amount of water that was withdrawn from freshwater sources (in thousands of cubic meters)

13.800

This measurement includes all water
withdrawn from freshwater sources. The
majority of this water is used in exploration
drilling. Water from drilling is filtered to
eliminate any fine materials and then returned
to the watershed. The remainder of water is
used by camp operations and is also collected in
greywater sumps, where it filters back to the
watershed. Water quality samples are taken
before the seasonal program and after the
seasonal program to ensure water quality is
maintained.

Disclose the freshwater withdrawn in locations with High or Extremely High Baseline Water Stress as a percentage of the total water withdrawn

0.0000%

Disclose freshwater consumed in locations with High or Extremely High Baseline Water Stress as a percentage of the total water consumed

0.0000%

Disclose the amount of water that was consumed in its operations (in thousands of cubic meters)

13.800

Was your organization subject to any fines, enforcement orders, and/or other penalties for water-related regulatory violations

Total number of instances of non-compliance, including violations of a technology-based standard and exceedances of quality-based standards

Water and Effluents

Water Consumption

Report the total water consumption from all areas in megaliters

13.800

Waste Management

Total amount of tailings waste generated from mining activities by the entity during the reporting period (tonne)

NorthWest Copper did not produce tailings
waste as the company is not currently
producing ore or managing any tailings
facilities.

Percentage of tailings waste that was recycled during the reporting period

Does Not Apply

Tailings Storage Facilities Management

Does your company manage Tailings Storage Facilities

Disclose the approach to the development of Emergency Preparedness and Response Plans (EPRPs)

No EPRPs have been developed in regards to
tailings at this point as the company is not
managing any tailings facilities.

Innovation

Spending on Research, Development, and Technologies for waste management compliance and improvement

Describe nature of spending on Research, Development and Technologies for waste management compliance and improvement

Waste management compliance and
improvement is not a material issue for
NorthWest Copper at this stage of
development. The Company will evaluate
opportunities for waste management and
improvement as part of future feasibility
studies.

Biodiversity

Management Plan

List the environmental and biodiversity management plan(s) implemented at active sites

NorthWest Copper uses industry best
practices to minimize impact on water quality
and biodiversity. The Company utilizes
programs such as pre and post drilling water
quality sampling for all drainages potentially
affected by our exploration activities. We apply
best practices for drill site preparation prior to
drilling and rehabilitation post drilling to
minimize environmental impact as much as
possible and to restore vegetation.

NorthWest Copper prepares Wildlife
Management and Mitigation Plans for each of
its operational projects. The Company also
prepares Emergency Management Plans that
describe the management of any emergency or
environmental incident associated with the
operation of our exploration projects.

In 2022, NorthWest Copper will be reviewing
and updating these plans .

1.1 Mine lifecycle stages to which the plan(s) apply

Exploration and appraisal

1.2 The topics addressed by the plan(s)

• Ecological and biodiversity impacts
• Noise impacts
• Discharges to water
• Hazardous chemical usage

1.3 The underlying references for its plan(s), including whether they are codes, guidelines, standards, or regulations; whether they were developed by the entity, an industry organization, a third-party organization (e.g., a non-governmental organization, a governmental agency, or some combination of these groups)

NorthWest Copper complies with all applicable
sections of the Mines Act and of the Health,
Safety and Reclamation Code for Mines in
British Columbia (see links below). In addition,
the AME Handbook For Mineral and Coal
Exploration in British Columbia, a compilation
of currently known recommended management
practices, is also used (this document is already
attached in the Biodiversity Impacts section).

The PDAC’s best practice for Caribou
Management is also used as a guideline for
working in project areas where caribou
populations exist (see link below).

NorthWest Copper prepares Wildlife
Management and Mitigation Plans for each of
its operational projects. This is a requirement
under our Exploration Agreements with First
Nations. In 2022, we plan to update and
improve these plans through consultation with
First Nations.

Mines Act

Health, Safety and Reclamation Code for Mines
in British Columbia

PDAC Caribou Management Strategies

Impacts

Does access to the site involve traversing a protected area

Do any of the entities concessions share a watershed with a protected area

Yes

Provide context and description of site access involving traversing protected areas, and/or watersheds shared with a protected area. Include reference to measures in place to assure access, any proactive programs to support the biodiversity of the protected area, and any formal complaints or compliance issues and related steps to resolve

NorthWest Copper projects are primarily
accessed via industrial logging roads. No
protected areas are traversed to access any of
the properties.

NorthWest Copper uses industry best
practices to ensure that irrespective of whether
a watershed is shared with a protected area or
not, there is minimal impact on water quality or
biodiversity. The Company utilizes programs
such as pre and post drilling water quality
sampling for all drainages affected along with
wildlife management plans, and best practices
for drill site rehabilitation post drilling to
minimize environmental impact as much as
possible.

AME Mineral Exploration Guide

Reclamation Guide for Mineral Exploration

PDAC - First Engagement: A Field Guide for
Explorers

Percentage of proved reserves in sites with protected conservation status or in areas of endangered species habitat

Does Not Apply

Percentage of probable reserves in sites with protected conservation status or in areas of endangered species habitat

Does Not Apply

Percentage of inferred, indicated and measured reserves in sites with protected conservation status or in areas of endangered species habitat

0.0000%

Social

Employment

Scale of the Organization

Report the total number of operations

i. Report the total number of direct employees worldwide (exclude contractors)

ii. Report the total number of contract employees worldwide

iii. Total number of employees worldwide (include contractors)

iv. Total number of female employees and contractors worldwide

Female employees and contractors as percentage of total employees and contractors

22.7273%

v. Total number of male employees and contractors worldwide

Male employees and contractors as percentage of total employees and contractors

77.2727%

Employee Information

Report the total number of direct employees by employment type (permanent and temporary), by gender

Total number of permanent employees

Total number of permanent employees - female

Total number of permanent employees - male

Total number of temporary employees

Total number of temporary employees - female

Total number of temporary employees - male

Report the total number of contractors by employment type (permanent and temporary), by gender

Total number of permanent contractors

Total number of permanent contractors - female

Total number of permanent contractors - male

Total number of temporary contractors

Total number of temporary contractors - female

Total number of temporary contractors - male

Report the total number of employees by employment type (full-time and part-time), by gender

Total number of full-time employees - female

Total number of part-time employees - female

Total number of full-time employees - male

Total number of part-time employees - male

Report the total number of contractors by employment type (full-time and part-time), by gender

Total number of full-time contractors - female

Total number of part-time contractors - female

Total number of full-time contractors - male

Total number of part-time contractors - male

Turnover

Report the total number and rate of employee turnover during the reporting period, by age group, and gender

All Employees

Total number of turnover (the number that left during the period)

As an exploration company, NorthWest Copper
hires contractors on a seasonal and project
basis. The Company's turnover rate is therefore
not indicative of the Company's workforce and
therefore not included in this disclosure.

Diversity and Equal Opportunity

Report the percentage of employees per employee category in each of the following diversity categories

Board of Directors

Total Board of Directors

Percent Male

85.7143%

Percent Female

14.2857%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

16.6667%

Percent over 50 years of age

85.7143%

Senior Management

Total Senior Managers

Percent Male

50.0000%

Percent Female

50.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

25.0000%

Percent over 50 years of age

75.0000%

Salaried (excluding Senior Management)

Total Salaried (excluding Senior Management)

Percent Male

100.0000%

Percent Female

0.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

66.6667%

Percent over 50 years of age

33.3333%

Technical Employees (skilled hourly)

Total Technical Employees

Percent Male

75.0000%

Percent Female

25.0000%

Percent under 30 years of age

37.5000%

Percent between 30 and 50 years of age

62.5000%

Percent over 50 years of age

0.0000%

Production Employees (unskilled hourly)

Total Production Employees

Contractors:

Total Contractors

Percent Male

79.3103%

Percent Female

20.6897%

Percent under 30 years of age

62.0690%

Percent between 30 and 50 years of age

37.9310%

Percent over 50 years of age

0.0000%

Labour Relations

Collective Bargaining Agreements

Percentage of total direct employees covered by collective bargaining agreements

0.0000%

Notice Periods

Minimum number of weeks’ notice typically provided to employees and their representatives prior to the implementation of significant operational changes that could substantially affect them

Each employee has a contractually specified
notice period and it will depend on the role and
seniority of the employee. This aligns with
British Columbia's employment and labour
laws.

Occupational Health and Safety

Work-related Injuries

Injuries - For all employees

i. Number of fatalities as a result of work-related injury

i. Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked

0.000

ii. Number of high-consequence work-related injuries (excluding fatalities)

ii. Rate of high-consequence work-related injuries (excluding fatalities)

0.000

iii. Number of recordable work-related injuries

iii. Rate of recordable work-related injuries

6.667

iv. Main types of work-related injury, e.g., confined space, trips, falls, etc.

In this reporting period, the primary injury type
was falls caused by work in rugged, uneven
terrain.

v. Number of hours worked

30,000

Lost Time Injuries (LTIs)

Lost Time Injuries Rate (LTIR)

0.000

Injuries - workers who are not employees but whose work and/or workplace is controlled by the organization

i. Number of fatalities as a result of work-related injury

i. Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours

0.000

ii. Number of high-consequence work-related injuries (excluding fatalities)

ii. Rate of high-consequence work-related injuries (excluding fatalities)

0.000

iii. Number of recordable work-related injuries

iii. Rate of recordable work-related injuries

5.845

iv. Main types of work-related injury, e.g., confined space, trips, falls, etc.

In this reporting period, the primary injury type
was falls caused by work in rugged, uneven
terrain.

v. Number of hours worked

68,432

Lost Time Injuries (LTIs)

Lost Time Injuries Rate (LTIR)

2.923

Combined (Employees and non-employees, but controlled by the organization):

Total Hours Worked

98,432

Total number of all work-related injuries

Rate of work-related injuries

6.096

Total Lost Time Injuries (LTIs)

Lost Time Injuries Rate (LTIR)

2.032

Report the work-related hazards that pose a risk of high-consequence injury, including

i. How have these hazards been determined

At NorthWest Copper, risks are identified
ahead of the field season and ways to mitigate
these risks are documented in both an
Emergency Management Plan as well as in an
induction document and presentation that is
mandatory for all personnel entering site. The
risks identified include: avalanches, diamond
drilling, vehicles, wildlife, fire, lightening, slips
trips and falls, manual handling, weather
conditions, chemical handling, and aviation.

Exploration teams also conduct daily
safety meetings where any other previously
unidentified hazards are detected.

ii. Which of these hazards have caused or contributed to high-consequence injuries during the reporting period

In this reporting period, there were no high-
consequence injuries at any of the active
exploration sites managed by NorthWest
Copper.

iii. Actions taken or underway to eliminate these hazards and minimize risks using the hierarchy of controls

In this reporting period, there were no high-
consequence injuries at any of the active
exploration sites managed by NorthWest
Copper.

Report on actions taken or underway to eliminate other work-related hazards and minimize risks using the hierarchy of controls

NorthWest Copper identified operational risks
ahead of the field season. When the season
begins all employees and contractors are
required to take a site
induction that includes a review of all potential
risks. Site managers are required to identify
these potential hazards (described above) and
mitigate them before operation activities begin
at each site.

In addition, exploration teams conduct daily
safety meetings where any other previously
unidentified hazards can be brought up,
discussed and actions towards eliminating or
minimizing these hazards are implemented.

Reporting of all incidents, hazards, equipment
damage and near misses is mandatory so
NorthWest Copper can continually improve to
eliminate work-related hazards and minimize
risk.

Whether and, if so, why any workers have been excluded from this disclosure, including the types of worker excluded, e.g., short-term contractors

No workers have been excluded from this
disclosure.

Safety Training

Disclose the average number of training hours provided to its workforce for health, safety, and emergency management training

Average hours of health, safety, and emergency response training for (a) full-time/direct employees

Average hours of health, safety, and emergency response training for (b) contract employees

Security, Human Rights and Rights of Indigenous People

Identify the countries of operations within the World Bank's list of “Fragile and Conflict-Affected Situations”

None

Describe the nature of any social risks, for all operating countries, that could have a material risk to operations

Within Canada, social risks material to our
operation includes the protection of Indigenous
and human rights.

NorthWest Copper is committed the United
Nations Declaration on the Rights of
Indigenous Peoples (UNDRIP) and to the
principle of Free, Prior, and Informed Consent
(FPIC). Through the establishment of
Exploration Agreements with local First
Nations and through collaborative planning and
engagement, NorthWest Copper works to
create economic opportunity through
employment, training and skills development,
and contracting. We also work with
communities to manage environmental impacts
and to protect cultural heritage where we
operate.

Aligning the interests and expectations of First
Nation leadership and communities is a key
focus for NorthWest Copper in our
commitment to reconciliation and
demonstrating respect for the rights of
Indigenous Peoples.

NorthWest Copper also works closely with
other local communities of interest including
guide outfitters to avoid and minimize impacts
to their activities.

Percentage of proved reserves that are located in or near areas of active conflict

Does Not Apply

The total amount of proved reserves

Percentage of probable reserves that are located in or near areas of active conflict

Does Not Apply

The total amount of probable reserves

Percentage of inferred, indicated and measured reserves that are located in or near areas of active conflict

0.0000%

NorthWest Copper does not operate in or near
areas of active conflict.

Total amount of inferred, indicated and/or measured reserves

441,000,000

Inferred, indicated and/or measured reserves
are in millions of tonnes.

Percentage of proved reserves that are located in or near areas that are considered to be indigenous peoples’ land

Does Not Apply

The total amount of proved reserves

Percentage of probable reserves that are located in or near areas that are considered to be indigenous peoples’ land

Does Not Apply

The total amount of probable reserves

Percentage of inferred, indicated and measured reserves that are located in or near areas that are considered to be indigenous peoples’ land

100.0000%

Total amount of inferred, indicated and measured reserves

441,000,000

Describe due diligence practices and procedures with respect to indigenous rights of communities in which it operates or intends to operate

Please see the document attached for a
description of NorthWest Copper's due
diligence practices and procedures with respect
to Indigenous rights of communities in which it
operates or intends to operate.

NorthWest Copper's Due Diligence Practices and Procedures with respect to Indigenous Rights

Discuss practices and list procedures while operating in areas of conflict

NorthWest Copper does not operate in areas of
conflict as per SASB EM-MM-210a.3.

Community Relations

Artisanal and Small-Scale Mining

Number of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site (not controlled by company/unauthorized)

Report the associated risks and the actions taken to manage and mitigate these risks

Artisanal and small-scale mining is not present
or adjacent to NorthWest Copper operations.

Programs

Report on community relations programs, objectives and achievements in the past 3 years

Please see the document attached for a
description of NorthWest Copper's Community
Relations Programs, Objectives and
Achievements in the past 3 years.

NorthWest Copper's Community Relations Programs, Objectives and Achievements

Discuss the processes, procedures, and practices to manage risks and opportunities associated with the rights and interests of communities in areas where it conducts business

Please see the document attached for a
description of NorthWest Copper's processes,
procedures, and practices to manage risks and
opportunities associated with the rights and
interests of communities.

NorthWest Copper's processes, procedures, and practices to manage risks and opportunities associated with the rights and interests of communities

Risks and Opportunities

Disclose the total number of site shutdowns or project delays due to non-technical factors

Disclose the total aggregate duration (in days) of site shutdowns or project delays due to non-technical factors

Governance

Climate Change

Oversight

Is there board-level oversight of climate-related issues within your organization

Not currently, but we plan to do so within the
next two years

As an exploration company, our activities are
seasonal and temporary in nature. As our
projects advance, we will explore opportunities
to adapt our operations and activities to
climate-related issues over the next few years

Responsibility

Provide the highest management-level position(s) or committee(s) with responsibility for climate-related issues

Chief Executive Officer (CEO)

Vesta Filipchuk, VP of Sustainability is
responsible for developing future initiatives
associated with climate-change management.

Nature of primary responsibility

Both assessing and managing climate-related
risks and opportunities

Reporting

Frequency of reporting to the board on climate-related issues

As important matters arise

Incentives

Do you provide incentives for the management of climate-related issues, including the attainment of targets

No, not currently but we plan to introduce
them in the next two years

Risk and Opportunity Management

Does your organization have a process for identifying, assessing, and responding to climate-related risks and opportunities

No-we are planning to introduce a climate-
related risk management process in the next
two years

Northwest Copper is committed to developing
a process for identifying, assessing and
responding to climate-related risks and
opportunities as part of the development of our
future projects.

Risk Assessments

Have you identified any inherent climate-related risks with the potential to have a substantive financial or strategic impact on your business

No - not yet evaluated

Opportunity Assessments

Have you identified any climate-related opportunities with the potential to have a substantive financial or strategic impact on your business

Strategy

Have climate-related risks and opportunities influenced your organization’s strategy and/or financial planning

Water Management

Quality and Quantity Dependency

Rate the importance (current and future) of freshwater quality and quantity to the success of your business

Direct use importance rating

Important

Indirect use importance rating

Have not evaluated

Rate the importance (current and future) of sufficient quantity of recycled, brackish and/or produced water for the success of your business

Direct use importance rating

Have not evaluated

Indirect use importance rating

Have not evaluated

Risk Assessments

Does your organization undertake a water-related risk assessment

Yes, water-related risks are assessed

Select the options that best describe your procedures for identifying and assessing water-related risks

i. Coverage

Partial

ii. Risk Assessment Procedure

Water risks are assessed in an environmental
risk assessment

iii. Frequency of Risk Assessment

Annually

iv. How far into the future are risks considered

Up to 1 year

Have you identified any inherent water-related risks with the potential to have a substantive financial or strategic impact on operations

Opportunity Assessments

Have you identified any water-related opportunities with the potential to have a substantive financial or strategic impact on your business

Responsibility

Provide the highest management-level position(s) or committee(s) with responsibility for water-related issues

Other, please specify

Ian Neill, VP of Exploration is responsible for
managing water-related issues for NorthWest
Copper.

Policy

Does your organization have a documented water policy

No, but we plan to develop one within the next
2 years

Reporting

Frequency of reporting to the board on water-related issues

As important matters arise

Incentives

Do you provide incentives to C-suite employees or board members for the management of water-related issues

No, not currently but we plan to introduce
them in the next two years

Strategy

Are water-related issues integrated into any aspects of your long-term strategic business plan

No, water-related issues not yet reviewed, but
there are plans to do so in the next two years

General Disclosure

Structure

a. Report the governance structure of the organization, including committees of the highest governance body, e.g., the Board of Directors, the Executives, the Board Environment Committee, Board Safety Committee, the Advisory Committee, etc.

The Company's Board of Directors is comprised
of 7 members, and the following four standing
committees:
1) Audit Committee;
2) Compensation Committee;
3) Corporate Governance and Nominating
Committee; and the
4) Health, Safety and Sustainability Committee.

The Company has four Executives: the
President and CEO, the Chief Financial Officer,
the VP, Exploration, and the VP, Sustainability.

The President and CEO reports directly to the
Board, and the remaining three Executives
report to the President and CEO.

Please see the attached Management
Information Circular for more information on
the Board and its Committees.

Management Information Circular

Committees

b. Report the committees responsible for decision-making on economic, environmental, and social topics, e.g., the Board of Directors, the Executives, the Board Environment Committee, Board Safety Committee, the Advisory Committee, etc.

In 2021, the Health, Safety and Sustainability
Committee was comprised of David W. Moore
(Chair), Richard Bailes and Teodora Dechev.

The Health, Safety and Sustainability
Committee is principally responsible for
providing oversight with respect to:

(i) the protection of the health and safety of the
Company’s employees and contractors at its
project sites; and,
(ii) the conduct of operations in an
environmentally and socially responsible
manner through the application of prudent and
sustainable design and operating practices and
the education and training of employees and
contractors who work for the Company.

Responsibility

a. Has the organization appointed an executive-level position or positions with responsibility for economic, environmental, and social topics , e.g., is it part of the Governance structure of the company, the CFO or internal audit reporting to the Board

Yes

Reporting Structure

b. Report whether position holders report directly to the highest governance body or CEO

Lauren McDougall, CFO is responsible for
economic issues and Vesta Filipchuk, VP of
Sustainability and Ian Neill VP Exploration
are responsible for social and environmental
matters at NorthWest Copper. All three
positions report directly to the President and
CEO.

Consultation Process

Report the processes for consultations between stakeholders and the highest governance body on economic, environmental and social topics, e.g., for most mining companies it would be the executives and operations and not the Board, and if delegated, explain how

As a newly formed company NorthWest
Copper is reviewing the ESG consultation
processes of its predecessors and developing a
process that reflects NorthWest Copper's
corporate structure, values and evolving ESG
goals and commitments.

In 2021, consultation with stakeholders
included Indigenous communities and
leadership, communities of interest that could
be impacted by our activities and/or could
influence our activities, and with regulators.

In 2022 there are expected changes to be made
in how the Board reviews and endorses matters
related to the Company's ESG goals, practices
and performance.

The Board receives regular information on
stakeholder concerns as part the management
on ESG issues and stakeholder concerns as part
of the reporting structure of NorthWest
Copper.

In the next couple of years we will also be
exploring ways to engage and receive feedback
from communities of interests and
stakeholders.

Composition

Report the composition of the highest governance body and its committees by:

Number of executive members

Number of non-executive members

Number of independent members

Less than 3 years

3-6 years

6-9 years

More than 10 years

Lists of each individual’s other significant positions and commitments, and the nature of the commitments, e.g., other boards and executive positions

Please see the attached Company's
Management Information Circular for the
period ended December 31, 2021. This
information is also publicly available on the
Company's website or www.sedar.com

NorthWest Copper Management Information
Circular

Management Information Circular

Number of Male governance body members

Number of Female governance body members

Number of members from under-represented social groups

Description of competencies relating to economic, environmental, and social topics

Please see the attached Company's
Management Information Circular for the
period ended December 31, 2021. This
information is also publicly available on the
Company's website or www.sedar.com

NorthWest Copper Management Information
Circular

Management Information Circular

Description of stakeholder representation

NorthWest Copper is a Canadian exploration
and development company. Our stakeholder
representation consists of employees and
contractors, service suppliers, local community
and First Nations, as well as our shareholders
and providers of capital.

Board Diversity

Do you have a diversity policy and if so, provide details, link to the policy or attach the file

The current Board is composed of 6 males and
1 female. NorthWest Copper is currently
developing its Diversity and Inclusion policy.
The policy is expected to be included in the
Company's 2022 ESG report.

Non-Executive Director

Is the chair of the highest governance body also an executive officer in the organization

Conflicts of Interest

Report the processes for the highest governance body to ensure conflicts of interest are avoided and managed, e.g., list procedures

The Company has established a Code of
Business Conduct and Ethics that provides
guidelines on avoiding and managing conflicts
of interest. All employees are asked to
acknowledge the Code annually.

Code of Business Conduct and Ethics

Report whether conflicts of interest are disclosed to stakeholders, including, as a minimum

Yes

i. Cross-board membership

Yes

ii. Cross-shareholding with suppliers and other stakeholders

Yes

iii. Existence of controlling shareholder

Yes

iv. Related third party disclosures

Yes

Transparency

Report the highest governance body’s and senior executives’ roles in the development, approval, and updating of the organization’s purpose, value or mission statements, strategies, policies, and goals related to economic, environmental, and social topics

The Board of Directors, through the Health,
Safety and Sustainability Committee, under the
advice of the Company's CEO, VP of
Exploration and VP of Sustainability, is
mandated with assessing, developing and
approving NorthWest Copper's purpose,
values, mission statements and all strategies,
policies and goals related to economic,
environmental and social topics.

Report on the measures taken to develop and enhance the highest governance body’s collective knowledge of economic, environmental, and social topics, e.g., board training

NorthWest Copper has not provided formal
board training on ESG topics. However, the
Board of Directors have extensive Board
experience and have served in senior
management roles at mining companies
operating globally.

NorthWest Copper complements this
experience with regular updates to the Board
on social and environmental matters to
ensure the Board of Directors are well versed
on ESG issues that specifically pertain to the
Company's exploration activities.

Report the actions taken in response to evaluation of the highest governance body’s performance with respect to governance of economic, environmental, and social topics, including, as a minimum, changes in membership and organizational practice, (response to external evaluations)

As a newly formed Board in March 2021,
NorthWest Copper is reviewing its governance
structure and the roles of the committees in the
identification and management of economic,
environmental and social topics and their
impacts, risks and opportunities associated
with our exploration activities.

Report the highest governance body’s role in identifying and managing economic, environmental, and social topics and their impacts, risks, and opportunities – including its role in the implementation of due diligence processes, (committee roles)

In 2021, the Health, Safety and Sustainability
Committee was created to identify and manage
economic, environmental and social topics.

Is stakeholder consultation used to support the highest governance body’s identification and management of economic, environmental, and social topics and their impacts, risks, and opportunities, and if delegated, explain how

Yes

NorthWest Copper plans to complement this
experience with monthly management reports
to the Board on social and environmental
matters to ensure the Board of Directors are
well versed on ESG issues that specifically
pertain to the Company's exploration activities.

Remuneration

Report how performance criteria in the remuneration policies relate to the highest governance body’s and senior executives’ objectives for economic, environmental, and social topics

NorthWest Copper prioritizes efforts in
Environment, Social and Governance as a
reflection of our values. Annually, the
Compensation Committee of the Board
determines the structure of the Company's
short-term incentive plan for the year. In 2021,
the Board approved a plan in which 20% of the
Company's incentive was related to the
achievement of ESG goals.

Currently, Board remuneration is a set
quarterly fee and is not linked to economic,
environmental and social topics.

How are stakeholders’ views sought and taken into account regarding remuneration

The compensation of the Board, CEO and CFO
are disclosed annually in the Company's
Management Information Circular in advance
of the Company's Annual General
Meeting. Additionally, the Company presents
its Stock Option Plan annually to shareholders
for approval.

If applicable, report the results of votes on remuneration policies and proposals

At the Company's 2021 Annual General
Meeting, 95% of shareholders who voted,
voted in favour of the Company's Stock Option
Plan.

Ethics

Describe the management system and due diligence procedures for assessing and managing corruption and bribery risks internally and associated with business partners in its value chain

The Company has established a Code of
Business Conduct and Ethics that provides
guidelines on avoiding and managing
corruption and bribery risks. All employees are
asked to acknowledge the Code annually.

Report net production from activities located in the countries with the 20 lowest rankings in Transparency International’s Corruption Perception Index (CPI) (Saleable tonne)

Anti-Corruption

Communication and Training

i) Total number of governance body members that have received training on anti-corruption, broken down by region

NorthWest Copper's anti-corruption policy
was updated in 2021 and will be reviewed and
signed off on by the governance body members
annually.

Total number and percentage of employees that have received training on anti-corruption, broken down by employee category and region

In 2021, NorthWest Copper focused its anti-
corruption efforts on communicating its Code
of Business Conduct and Ethics to all direct
employees. As part of this initiative
all employees are required to read and
acknowledge compliance to the Code of
Business Conduct and Ethics.

Tax

Describe the approach to stakeholder engagement and management of stakeholder concerns related to tax, including:

i. The approach to engagement with tax authorities

NorthWest Copper has engaged a third party
tax consultant who prepares all tax-related
filings. The Company endeavors to remit all tax
filings to the CRA within the pre-determined
timeframes, and responds to enquiries and
requests from the CRA in a timely manner.

ii. The approach to public policy advocacy on tax

NorthWest Copper does not conduct advocacy
on tax issues. The Company could potentially
support third party advocacy as members
of industry associations.

iii. The processes for collecting and considering the views and concerns of stakeholders, including external stakeholders

NorthWest Copper does not conduct advocacy
on tax issues. The Company could potentially
support third party advocacy as members
of industry associations.



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