NorthWest Copper announced that it has entered into a property sale agreement with Alpha Copper Corp. whereby Alpha will acquire a 100% interest in a series of mineral claims located in the province of British Columbia commonly referred to as the Okeover Copper (molybdenum) Project, subject to 2% net smelter return to be retained by the Company. Pursuant to the Agreement, Alpha has agreed to issue to NorthWest common shares of Alpha having an aggregate value of $500,000 at a deemed price per Share, to be calculated on the closing date in accordance with the terms of the Agreement.

One-half (50%) of the Shares will be subject to a 12-month lock-up. The Shares will also be subject to a statutory hold period in accordance with applicable securities laws. The NSR Royalty will entitle NorthWest to a 2% royalty on the sale of all ores, doré, concentrates, metals, minerals and mineral by-products that are produced or extracted by or on behalf of Alpha from the Property, which may be bought down by Alpha by one half with a cash payment of $1,000,000.

The Agreement remains subject to approval by the Canadian Securities Exchange.