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COPPER NORTH MINING CORP. Carmacks Project Oxide Mineral Resource Estimate (2018) Acid- Total Sulphide Au Ag Zones Class Tonnes soluble Mine Life Cu (%) Cu (%) (g/t) (g/t) Cu (%) ME+IN4 11,980,000 1.07 0.86 0.21 0.456 4.578 First 7 Years 1, 4, 7, 7A¹ Inferred5 90,000 0.73 0.53 0.20 0.128 1.809 ME+IN 4,304,000 0.47 0.34 0.13 0.12 1.92 (PEA)³ Potential 12, 13, 2000S2 Mine Life Inferred 389,000 0.34 0.27 0.07 0.12 1.65 Extension Total ME+IN Inferred 16,284,000 0.90 0.72 0.18 0.37 3.88 479,000 0.42 0.32 0.10 0.12 1.68 Notes: 1. 2. 3. 4. 5. Calculated using a cut-off grade of 0.25% total Cu. Calculated using a cut-off grade of 0.15% acid-soluble Cu. Includes NI 43-101 resource from 2017 PEA plus added resource announced in April 9, 2018 News Release PEA refers to the JDS Energy and Mining Inc. 2017. NI 43-101 Preliminary Economic Assessment Technical Report on the Carmacks Project, Yukon, Canada, filed on www.sedar.com on 9 February 2017. The PEA is based only on the Measured + Indicated oxide mineral resources in Zones 1, 4, 7, and 7A. The PEA does not include any oxide resources from Zones 12, 13, and 2000S and does not include sulphide mineral resources. The 2017 PEA is preliminary in nature and there is no certainty that the PEA findings will be realized. Inferred mineral resources - there is no certainty that definition drilling will convert the Inferred mineral resources into Measured or Indicated categories. TSX.V: COL Oxide Mineral Resource - 2018 23
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