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NorthIsle Copper and Gold Inc
1. Building on a solid
foundation
100% owned North Island Project on
Vancouver Island in British Columbia, Canada
September 2012
February 2013
TSXV: NCX
TSXV: NCX
2. Investment Highlights
New NI 43 -101 Resource - July 18th, 2012
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 ended with multiple expansion possibilities
Large 38,238 hectare project
Five additional under explored occurrences
Excellent infrastructure – 20 Miles From Past Producing BHP Mine
BC power grid and Deep Sea Loading Facility
Road Access
Resource community that understands mining
PEA study expected during the spring of 2013
TSXV: NCX 2
3. TSX V: NCX
Financial Overview
As of January 8, 2013
Shares Outstanding 57,137,983
Options Outstanding 3,809,334
Warrants 2,696,320
Fully Diluted Shares 63,638,637
Cash CAD $ 550K
TSXV: NCX 3
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.
Larry Okada, B.A., CA
A professional accountant in Canada and Washington State with over 35 years’ experience providing financial
management services to publicly traded companies, with emphasis on junior mineral exploration companies. He
was formerly with PricewaterhouseCoopers LLP and Staley, Okada and Partners. Larry is a member of the
Canadian Institute of Chartered Accountants and the Washington State CPA Society.
Chris Theodoropoulos, LL.B, Director
13 years of practicing corporate and securities law and 8 years as an independent legal and business
consultant. For the past 25 years he has served as a corporate director for a number of resource and technology
companies. He currently serves as a director of Peer 1 Network Enterprises Inc. and Ethos Capital Corp, a
mineral exploration company which he co-founded.
TSXV: NCX 4
5. Hushamu Mineral Resource
Indicated Resource:
Copper: 1.4 Billion lb
Gold: 2.8 Million oz
Molybdenum: 65.7 Million lb
Resource Grade Contained Metal
Re
Tonnes Copper Gold Mo Re Cu Eq Copper Gold Mo
Kg x
(x1000) % g/t % ppm % B lb M oz M lb
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
** 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
TSXV: NCX 5
7. Comparable Projects
Recently Developed
Copper Mountain* Mount Milligan* Hushamu
M & I Resource
Tonnes 360 mt 707 mt 304 mt
Cu Eq grade** 0.42 0.40 0.45
Production Rate 35,000 tpd 60,000 tpd ?
Capex $437 m $915 m ?
Operating Costs
Mining $4.53/tonne $2.35/tonne ?
Milling $3.51/tonne $3.89/tonne ?
Admin $0.22/tonne $0.75/tonne ?
Total Operating Costs $8.27/tonne $6.96/tonne ?
* Based on feasibility study
** Cu Eq at $2.50/lb copper, $1,100/ oz gold, $14/lb molybdenum assumes 100% metal recovery
TSXV: NCX 7
8. Market Comparable
Market Comparables - Copper Resource Companies
EV US cents / CuEq Lb in Total Resources
(reported in US cents / CuEq Lb)
1.60 1.44
1.40
1.20
EV US cents/ CuEq Lb
1.00
0.80 0.66
0.61
0.60 0.45 0.48
0.40 0.24 0.27
0.22
0.20 0.10 0.11
0.00
Company - (Project)
October 3, 2012
TSXV: NCX 8
9. Copper Resource Comparable Transactions
Copper Resource Comparable Transactions
2010-2012
(Reported in US cents / CuEqLb)
US cents /CuEq lbs. in Total
18.00 16.70
16.00
14.00
Resources
12.00 10.78
10.03
10.00
7.76
8.00 6.88
6.00 4.16
3.40 3.46
4.00
2.00 0.24
0.00
Deposit (Vendor-Buyer)
October 3, 2012
TSXV: NCX 9
10. Location details
Large Land
Holding
Hushamu
Deposit
5 additional
occurrences
Near power
grid
Deep sea
loading
facility
TSXV: NCX 10
11. Exploration and Mining Industry in
British Columbia
British Columbia Industry Highlights:
• A national leader in mining and mineral production
• Canada’s largest producer of copper and only
producer of molybdenum
BC Government Goals:
• Create 8 new mines and expand 9 mines by 2015
• Committed to 60 day average turnaround for permitting
process
BC’s Key Attributes
• Enviable location
• Situated at the crossroads of North America and Asia
• Wealth of resources
• Favourable policies
• Political stability
TSXV: NCX 11
12. Project History
• 1967: Utah discovers Island Copper deposit
• 1968 to 1988: Utah acquires large package in area and discovers Hushamu deposit
• 1988: Moraga options properties from BHP / Utah
• 1988 to 2002:Moraga and Jordex carry out drilling and engineering studies of Hushamu
• 2002: Lumina buys Moraga from Jordex
• 2006: Lumina sells Moraga to Western Copper as part of larger asset purchase
– Hushamu property valued at approximately $ 12million.
• 2006- 2007: Western explores the NW Expo area, little work on Hushamu
• 2008 to 2009: IMA options property: further explores NW Expo area
• 2011: Western creates new company “Northisle” to explore and move project forward
TSXV: NCX 12
14. Cross Section Hushamu Deposit
QFPP intrusive
0.56%, 0.05 Cu eq%, Re gpt
192m interval metres
Copper equivalent based on US$ 2.50/lb copper, $1100 opt gold, $14/lb molybdenum, no value given for rhenium
TSXV: NCX 14
15. Newly Identified IP
Chargeability Anomalies
Anomalies May Indicate Additional Areas of Porphyry Copper Mineralization
IP anomaly extends
for 2km north west of
deposit – untested by
drilling
Two additional IP
anomalies located in
NW Expo area – one
area un tested by
drilling
TSXV: NCX 15
16. Additional Targets
- NW Expo Area
- Mo and Au mineralization demonstrated in drill holes over 600 metres strike
- Two new IP chargeability anomalies may indicate new areas of porphyry
copper mineralization.
- Hep Showing
- Copper soil anomaly not fully evaluated
- South MacIntosh
- Broad area of alteration partially drill tested
- Pemberton Hills
- High level alteration may indicate porphyry deposit at depth
- Rupert
- Magnetic anomaly and two untested IP chargeability anomalies.
TSXV: NCX 16
17. 2012 - 2013 Exploration Programs
- Complete an IP Survey over untested areas (Completed)
- Determine Rhenium and Molybdenum content of Hushamu by
resampling the core (Completed)
- Define limits of Hushamu deposit by drilling (Drilling Completed)
- Begin background environmental baseline studies (Started Sept 2011)
- Update the Hushamu resource calculation with 2012 drilling
(Completed)
- Preliminary Engineering studies (Underway)
TSXV: NCX 17
18. Business Plan
Increase company value through measured and systematic de-risking of
the deposit
Short term (next 4 months)
- Complete PEA
Mid term (Q2 2013 to 2014)
- Move Inferred Mineralization to Indicated and Measured
- Begin Pre feasibility Study
- Market project to potential buyers / partners
Long term (2014 to 2015)
- Pre feasibility study
TSXV: NCX 18
19. 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
TSXV: NCX 19
20. 20 TSXV: NCX
2050 – 1111 West Georgia Street
Vancouver, BC V6E 4M3
T: 604-638-2515
F: 604-669-2926
www.northisle.ca
info@northisle.ca