Investor Presentaiton

▲ COPPER NORTH MINING CORP. Carmacks Project Economics Summary of the Gold Benefit Adding Gold Recovery has potential economic benefits for the project (2017 PEA): ➤ C1 cash cost of copper production, after precious metal credits, estimated at US$1.08/lb (at US$1,300/oz Au) making the project a legitimate low-cost potential producer ➤ C1 cash cost changes by approximately US$0.03/lb for each US$50/oz change in the gold price, over the range of US$1,100/oz to US$1,500/oz examined in the study ■ at US$1,500/oz Au, the estimated C1 cost is US$0.95/lb Cu ■ at US$1,100/oz Au, the estimated C1 cost is US$1.20/lb Cu ➤ Project NPV also is influenced by the gold price, with each US$100/oz increase adding an estimated CAD$11.3M to project NPV, over the range from US$1,100/oz Au to US$1,500/oz Au TSX.V: COL Economically Resilient 15

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