Northisle Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 4, 2015) - Northisle Copper and Gold Inc. ("Northisle" or the "Company") (TSX VENTURE:NCX) announces that it intends to raise up to $150,000 by way of a non-brokered private placement (the "Offering") of common shares ("Shares") at a price of $0.03 per Share, subject to TSX Venture Exchange ("Exchange") acceptance. No warrants will be included in the private placement.

The Offering

The maximum Offering is 5,000,000 Shares for gross proceeds of $150,000. The Offering is not subject to any minimum subscription, and certain insiders of the Company have agreed to participate in the Offering, with full particulars of such participation to be included in the news release announcing the closing of the Offering. The proceeds of the Offering will be used by Northisle for continued exploration of the North Island Copper-Gold Project including metallurgical testing and exploration of the Red Dog Property, and for general working capital.

The Shares issued pursuant to the Offering will be subject to a hold period expiring four months and one day from the date of issuance.

About Northisle

Northisle is a Vancouver based junior resource company committed to the exploration and development of the North Island Copper-Gold Project on Northern Vancouver Island. The North Island Copper-Gold Project is situated approximately 15-40 kilometres southwest of Port Hardy on Vancouver Island and contains the Hushamu and Red Dog Deposits and five other partially explored copper-gold porphyry occurrences.

The Company has a current resource estimate of the Hushamu Deposit which has been filed on Sedar. The project is 100% owned by Northisle.

				Resource Grade								Contained Metal
		Tonnes (x1000)		Copper %		Gold g/t		Mo %		Re ppm		Cu Eq %		Copper B lb		Gold M oz		Mo M lb		Re Kg x 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. The formula used is as follows: CuEQ = (Cu% x 22.0462 x 2.50) + (Au g/t x 1100.00/ 31.1035) + (Mo% x 22.0462 x 14.00