March 2013

TSX.V:COL

A New Direction

Developing Copper Assets in Canada’s North

TSX.V: COL | 2 Forward Looking Statement

FORWARD LOOKING STATEMENTS

This presentation includes certain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, among others, the timeliness of regulatory approvals, the timing and success of future exploration and development activities, exploration and development risks, market prices, exploitation and exploration results, availability of capital and financing, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, unanticipated environmental impacts on operations and other exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that the proposed exploration and development of the mineral projects will proceed as planned, market fundamentals will result in sustained metals and mineral prices, and any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

TSX.V: COL | 3

INTRODUCTION

Formed in 2011 following Western Copper Plan of Arrangement – Listed on the TSX Venture Exchange (TSX.V: COL)

Developing Copper Assets in Canada’s North – Carmacks & Redstone

Carmacks Copper Project is ‘Construction Ready’ – Updated feasibility study completed in 2012 – Permitting phase

Redstone Property is a ‘Potential New Mining District’ – Claims and leases extend 180km across a district of sedimentary-hosted

copper deposits

Targeting Copper Production by early 2016*

– 30Mlbs annually (~13,500 tonnes)

Introduction * Subject to permitting and financing

TSX.V: COL | 4

Dale Corman - Non-Executive Chairman – Former Chairman & Chief Executive Officer of Western Silver Corp. (sold in 2006 to Glamis)

Dr. Sally Eyre - President & Chief Executive Officer – Former President & Chief Executive Officer of Etruscan Resources (now Endeavour Mining) &

former SVP Operations, Endeavour Mining

Bill LeClair - Director – Former President and Chief Executive Officer of Crew Gold Corporation (now Severstal)

David Street - Director – Former Managing Director, Debt Finance, Endeavour Financial Ltd., and former Director & Head

of Mining and Metals, NM Rothschild & Sons Ltd.

Bill Koutsouras - Director – Former Executive Vice President and Chief Financial Officer of Endeavour Financial Ltd.

Julien Francois - Chief Financial Officer

– Former Controller of Western Silver Corp., currently serves as Chief Financial Officer of Western Copper & Gold

Doug Ramsey - VP Sustainability & Environmental Affairs – Former Manager Environmental Assessment, Permitting & Natural Resources of Wardrop (a

Tetra Tech Company)

Senior Management & Board

SENIOR MANAGEMENT & BOARD

TSX.V: COL | 5 Projects

DEVELOPMENT & EXPLORATION PROJECTS

YUKON

NORTHWEST TERRITORIES

BRITISH COLUMBIA

CARMACKS COPPER PROJECT 100% (Yukon, Canada)

Proven & Probable Reserves 11.6Mt @ 0.98% Cu

Contained Metal (Cu) 249Mlbs (0.11Mt)

Development

Copper Oxide Deposit

REDSTONE PROPERTY 100% (NWT, Canada)

*Historic Resource Estimate 33.4 Mt @ 3.92% Cu

& 11.3 g/t Ag

Contained Metal (Cu) 2.9Blbs (1.3Mt)

Exploration

Stratiform Copper Deposit

*COL is not treating this historical resource estimate as current mineral resources and the Qualified Person responsible for review of the historical resource estimate on behalf of the Company has not performed significant work to classify the historical resource estimate as a current mineral resource.

TSX.V: COL | 6

NORTHERN CANADA

Location

Carmacks (Yukon) – 220km N of Whitehorse – Existing road into site – 11km from Yukon Power Grid (project load = 10 MVA) – 400km from Port (Skagway)

Redstone (NWT) – 300km NE of Watson Lake – Airstrip to camp – Coates Lake enables float plane access

TSX.V: COL | 7

WHAT’S NEW

What’s New

DATE ANNOUNCEMENT

Feb 1, 2012 Commencement of Carmacks Feasibility Study Update

Mar 1, 2012 Design Changes to Carmacks Copper Project

Apr 25, 2012 Clarity regarding permitting process for Carmacks

Apr 30, 2012 Redstone Exploration Program outlined

May 14, 2012 Historic Resource Estimate for Coates Lake, Redstone

May 24, 2012 C$1.0M Non-Brokered Private Placement (closed June 1)

July 4, 2012 Commenced Redstone Exploration

Aug 7, 2012 Appointment of two independent Directors

Nov 1, 2012 Carmacks Bankable *Feasibility Study update completed

Dec 17, 2012 Signed LOI with First Nation (Little Salmon Carmacks)

Dec 20, 2012 C$775k Non-Brokered Private Placement (closed Dec 20th)

Jan 29, 2013 Signed LOI with Yukon Energy Corp.

* Completed by M3 Engineering & Technology Corporation.

TSX.V: COL | 8

CARMACKS OPERATING DATA

Mining & Processing – Conventional Open Pit, Oxide Mine

– Heap Leach, SX-EW (85% recovery)

– LME Grade A Copper Cathode

– Operating costs based on annual ore tonnage of 1.77 million tonnes

Carmacks Operating Data

OPERATING DATA ORE THROUGHPUT (t/d) 4,860

COPPER PRODUCTION (M lb/y) 30

STRIP RATIO (Waste to Ore) 5.1:1

ACID CONSUMPTION kg/t ore 20

CASH OPERATING COST (US$/lb Cu) 1.59

LOM OPERATING COSTS C$ Per Tonne Ore MINING $15.88

PROCESSING $9.71

*G&A $3.29

Shipping $0.27

TOTAL $29.15

* Includes camp rental and power capital (recovery)

TSX.V: COL | 9

ANNUAL PRODUCTION & CASH COST

Annual Production and Cash Cost

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

-

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

2.00

1 2 3 4 5 6 7 8

000's lb Copper

US$ per lb Copper

Year of Production

Annual Production

Cash cost - Carmacks

2011 Avg Cash Costs - SxEw (source: WoodMackenzie)

Carmack’s LOM unit cash cost $1.59/lb Cu

See mineral resource and reserve tables Appendix 1.

TSX.V: COL | 10

CARMACKS – CAPITAL COSTS

Total Capex $177.6 million (includes contingency 9%) Sustaining capital for life of mine is $4.7 million

Financial Analysis *After-tax NPV includes reductions for federal and territorial corporate tax (at a combined rate of 30%) and the Yukon Mining Royalty.

CAPITAL COSTS PROCESS, INFRASTRUCTURE, CONTINGENCY

(C$ M) 162.1

MINE DEVELOPMENT (C$ M) 5.9

MINE EQUIP. LEASE (C$ M) 3.8

OWNERS COSTS (C$ M) 5.8

TOTAL CAPEX (C$ M) 177.6

TSX.V: COL | 11

CARMACKS - FINANCIAL ANALYSIS

IRR 15.6% and an NPV (8%) of $55M (at SEC Copper Price $3.63/lb)

Financial Analysis *After-tax NPV includes reductions for federal and territorial corporate tax (at a combined rate of 30%) and the Yukon Mining Royalty.

FINANCIAL ANALYSIS*

UNIT SEC PRICE BASE CASE SPOT PRICE (Sept 2012)

COPPER PRICE (US$/lb) 3.63 3.20 3.75

FOREIGN EXCHANGE (US$:C$) 1.00 1.00 1.00

After-Tax NPV @ 0% (C$M) 156.0 98.9 171.7

After-Tax NPV @ 5% (C$M) 86.1 40.3 98.7

After-Tax NPV @ 8% (C$M) 55.0 14.5 66.2

IRR (100% Equity) % 15.6 10 17.1

PAYBACK Years 4.1 5.3 3.8

TSX.V: COL | 12 Carmacks

CARMACKS - PROPERTY GEOLOGY

Carmacks deposit open at depth & oxidised to ~230m

All Resources and

Reserves based on zones 1,4, 7 & 7A

Upside potential in zones 2,12, 13,14

Malachite, cuprite,

azurite and tenorite minerals dominate

Resource & Reserves

Section 400N

See Appendix 8 for Section 400N

TSX.V: COL | 13

CARMACKS - PERMITTING STATUS

Permitting

Complete Technical Review with First Nations (Q1 2013) − Commenced upon execution of LOI which established framework for consultation & provides for negotiation of an Impact Benefits Agreement

Submit ‘Carmacks’ Project Proposal to *YESAB (Q1 2013) − Design changes assessable under **YESAA - Executive Committee level environmental assessment required

Quartz Mining Licence (Energy Mines & Resources) (Q4 2013) − Project design changes will require amendments to existing QML or the issuance of a new QML

Submit Water Use Licence Application to Yukon Water Board (Q4 2013) − Starts when environmental assessment is complete

Participate in Water Board Hearing (Q1 2014) − Required by Water’s Act

Submit ‘Power Line’ Project Proposal to *YESAB (Q1 2014) − Environmental Assessment of the Power Line (an extension of the Carmacks-Stewart 138 kV transmission line) via Designated Office review

*Yukon Environmental and Socio-economic Assessment Board. ** Yukon Environmental and Socio-economic Assessment Act. See Appendix 5. for YESAB Assessment Process.

TSX.V: COL | 14

STRATIFORM COPPER DISTRICTS & DEPOSITS

Stratiform Copper Districts & Deposits

A Potential ‘New Mining District’ at Redstone

Source: Hitzman et al., Formation of Sedimentary Rock-Hosted Stratiform Copper Deposits through Earth History. Economic Geology, v.105, pp.627-639

*COL is not treating this historical resource estimate as current mineral resources and the Qualified Person responsible for review of the historical resource estimate on behalf of the Company has not performed significant work to classify the historical resource estimate as a current mineral resource.

*Redstone Historic Resource Estimate

TSX.V: COL | 15

HIGH-GRADE COPPER DEPOSITS

High-grade Copper Deposits

Con

tain

ed C

oppe

r (M

t)

2.6% Cu 4.1% Cu

Historical

2.6% Cu 3.92% Cu

Source: Ivanplats IPO Preliminary Prospectus, Sept. 28, 2012. Data Provided by Brook Hunt, a Wood Mackenzie Company. * Redstone data added by Copper North to illustrate comparable size and grade. ** Ambler data updated – data sourced from Company Reports, Feb 2013.

DRC USA Canada Australia Spain Kazakhstan (Kinsevere & Kinsenda in DRC)

TSX.V: COL | 16 Redstone

REDSTONE - REGIONAL GEOLOGY

*Property consists of 22 claims and 5 leases extending NW-SE over ~180 km

3 key target areas for exploration

Historical Resource of 33.4Mt @ 3.92% Cu & 11.3g/t Ag

* Property map not to scale

TSX.V: COL | 17

REDSTONE EXPLORATION TARGETS

Redstone Exploration Program 2012

Coates Lake deposit (stratiform) ‒ Historic resource estimate of 33.4Mt @ 3.92% Cu

and 11.3g/t Ag. ‒ High grade zone currently open to the north and

at depth to west and southwest

Hidden Valley (polymetallic) ‒ Cu-Ag-Zn-Bi-Co occurrence ‒ Cu sulphides occur as massive lenses, pods or

disseminated tetrahedrite-chalcopyrite.

Johnson Vein (polymetallic) ‒ Cu-Ag-Zn-Ni-Co occurrence ‒ Grab samples of massive sulphide returned

grades of 20.1% Cu, 123.0g/t Ag, 0.16% Zn, 0.23% Ni and 0.041% Co

Hayhook Basin (stratiform) ‒ Classified as sedimentary rock-hosted stratiform

copper occurrence ‒ Grab samples of chalcocite-rich dolostone

returned grades >13.8% Cu &15.6g/t Ag

The potential quality and grade of the mineral occurrences at Hidden Valley, Johnson Vein and Hayhook Basin is conceptual in nature. There has been insufficient exploration to date to define a mineral resource and it is uncertain if future exploration will result in the target being delineated as a mineral resource.

Historic Resource Estimate

33.4Mt @3.92% Cu &

11.3g/t Ag

Redstone Property consists of 22 claims and 5 leases extending NW-SE over 180km

TSX.V: COL | 18

COATES LAKE DEPOSIT – REDSTONE COPPER BELT

Redstone

Copper mineralization traced in outcrop for ~6km laterally along Transition Zone (view looking west)

Image rendered using Leapfrog 3D: 50cm Geoeye satellite imagery draped over a DEM

North end of deposit will

be drill tested

TSX.V: COL | 19 Redstone

COATES LAKE DEPOSIT – DRILL TARGETS Chargeable IP anomalies at north end of

Coates Lake Property that extend 3,000m along strike

Chargeable IP anomalies at south end of Coates Lake Property extend 1,000m along strike

Geological potential for a conceptual, stratiform, sedimentary rock-hosted copper target that spans 10km

Drill targets will test extension & depth of

Transition Zone to the north & south

High Chargeability

Low Resistivity North end of deposit to be tested

TSX.V: COL | 20

NEAR TERM OBJECTIVES

OBJECTIVE TARGET STATUS

Update Feasibility Study Q3 2012 Completed

Advance Redstone Property Q3 2012 Completed

Secure Water Use Licence Q4 2013/Q1 2014 Underway

Arrange Financing Q3/Q4 2013 Pending

Initiate Basic Engineering Q3/2013 Pending

Commence Construction Q1 2014 Pending

*PRODUCTION Q1 2016

Near Term Objectives * Subject to permitting and financing

TSX.V: COL | 21 A Near Term Copper Producer

INVESTMENT OPPORTUNITY

TSX.V: COL | 22

CONCLUDING COMMENTS

Operate in low-risk jurisdiction – Canada

High-grade copper projects

– 0.98% Cu at Carmacks – 3.92% Cu at Redstone

Carmacks is near term

– Production by early 2016 – Forecast production of ~30Mlbs p.a. (LME Grade A Copper Cathode) – Potential to expand oxide resource & reserves

Significant growth potential as Redstone is advanced

– Extensive land position in a largely under-explored district – 2.9Blbs (1.3Mt) contained copper in historic resource estimate – Geological potential for a conceptual, stratiform, sedimentary rock-hosted copper

target that spans 10km

Concluding Comments

TSX.V: COL | 23 Share Capitalization

SHARE CAPITALIZATION

Cash on Hand C$0.5 MShort/Long Term Debt 0.0

Share Price $0.13Market Cap $7.5MCommon Shares 58,762,781Options 3,989,334Warrants 3,384,500Fully Diluted 66,136,615

Management & Board 8%Private Investors 60%Institutional Investors 5%Retail Investors 27%Common Shares 100%

CASH POSITION September 30, 2012

SHARE STRUCTURE February 1, 2013

COMMON SHARES February 1, 2013

TSX.V: COL | 24 Share Capitalization

FINANCING HISTORY

Gross Proceeds C$1,002,000Common Shares 6,000,000Unit Price $0.167Warrants N/A

NON-BROKERED PRIVATE PLACEMENT June 1, 2012

STOCK CHART YTD

NON-BROKERED PRIVATE PLACEMENT December 20, 2012

Gross Proceeds C$775,350Common Shares 5,169,000Unit Price $0.15Warrants 2,584,500

* Upon completion of the Plan of Arrangement with Western Copper in 2011 – Copper North received C$2.0 million

$0.167 financing

$0.15 financing

TSX.V: COL | 25 Appendix 1

APPENDIX 1. CARMACKS RESERVE & RESOURCE ESTIMATE

Reserve Category Ktonnes Total Copper (%)

Acid Sol Cu (%)

Gold (g/t) Silver (g/t)

Proven 4,127 1.04 0.851 0.559 5.39

Probable 7,424 0.94 0.78 0.365 3.76

Proven & Probable 11,551 0.98 0.805 0.435 4.34

Contained Metal (Mlbs)

248.9

Notes: Mineral reserves are fully diluted and based on a cut-off grade of 0.18% recoverable copper . Proven and probable mineral reserves were calculated at a long term copper price of US$2.50/lb.

Resource Category

Ktonnes Total Copper (%)

Acid Sol Cu (%)

Gold (g/t)

Silver (g/t)

OXIDE

Measured 4,031 1.10 0.90 0.588 5.666

Indicated 7,949 1.04 0.83 0.391 4.039

M + I 11,980 1.07 0.86 0.456 4.578

Inferred 90 0.73 0.53 0.128 1.809

SULPHIDE

Measured 695 0.80 0.02 0.261 2.542

Indicated 3,645 0.74 0.03 0.205 2.296

M+I 4,340 0.75 0.03 0.221 2.369

Inferred 4,031 0.71 0.01 0.179 1.900 Notes: Mineral resources at 0.25% total copper cut-off.

Please refer to the Company’s NI 43-101 Technical Report, Feasibility Study, Volume 1, Yukon Territory, Canada for complete disclosure of the resource and reserve estimation methodology employed and other relevant context.

TSX.V: COL | 26

APPENDIX 2: VALUATION METRICS

Valuation Metrics

*Carmacks Copper Project *Includes Carmacks & Redstone Copper Property

(US₵/lb Cu Eq.)

Source: Canaccord Genuity – Copper Comparables, Sept 21 2012. See Appendix 3 & 4.

Discovery cost by major companies is approximately US₵4.0/lb Cu

TSX.V: COL | 27 Appendix 3

APPENDIX 3. COPPER EXPLORATION & DEVELOPMENT UNIVERSE

TSX.V: COL | 28 Appendix 4

APPENDIX 4. NEAR-TERM JUNIOR COPPER PRODUCERS

TSX.V: COL | 29

APPENDIX 5. YESAB ASSESSMENT PROCESS

• Proposal to be submitted by Copper North in Q1 2013

Proposal Submission

• Starting with adequate proposal – initial review to be completed in 60 days • Scoping document prepared by YESAB • Screening: Project Proposal distributed by YESAB for 30 day review and

comment period • YESAB typically has 120 days to complete DRAFT Screening Report

Adequacy Review (includes Scoping & Screening)

• Screening Report finalised within 60 days (includes recommendations and terms & conditions) sent to Government of Yukon Decision Body

Report

• Decision body will either accept (and develop decision document in 45 days), refer recommendation back to YESAB or reject recommendation

Decision

Appendix 5

TSX.V: COL | 30

APPENDIX 6. OXIDE HEAP LEACH OPERATIONS (CHEMICAL)

Appendix 6

Property Country Operating Status Heap Type Annual Production (ktpa)

Whim Creek Australia 2005 - 2009 Multi-Lift Interlift liners

18

San Manuel USA Closed 45.3

Nifty Australia 1998 - 2006 Multi-Lift Interlift Liners

18

Andacollo Chile 1996 - 2010 Multi-Lift Interlift Liners

20-22

Bluebird Mine USA 1965 - 1981 Multi-Lift 8

El Tesoro Chile 2001 - Present Single Lift ~90

Collahuasi Chile 1998 - Present Multi-Lift Interlift Liners

~60

Michilla Chile 1992 - Present Multi-Lift Interlift Liners

~40

TSX.V: COL | 31

APPENDIX 7. FEASIBILITY STUDY ASSUMPTIONS

ASSUMPTIONS & MODEL PARAMETERS October 2012

‒ Base Case Metal Price (C$) 3.20/lb Cu ‒ Power (C¢/kWh) 10.5 ‒ Delivered cost of sulphur (C$/t) 233 (assumes sulphur netback price of C$74/t) ‒ Diesel C$/litre 1.04 ‒ Power Line Capital $9.7 million ‒ Mineral Resources at a 0.25% total copper cut-off ‒ Mineral Reserves are fully diluted, based on cut-off grade of 0.18% recoverable Cu ‒ LOM Unit cost per ore tonne C$29.15 ‒ LOM Unit cost per copper pound C$1.59/lb ‒ LOM sustaining capital C$4.7M ‒ Costs based on annual ore tonnage of 1.77 million tonnes ‒ Copper recovery 85% ‒ Acid consumption 20 kg/t ore ‒ Foreign Exchange (US$:C$) 1.00 ‒ Corporate Tax rate 30% ‒ LOM recovered copper (Mlbs) 211.5 ‒ Avg. Total Copper Grade (%) 0.977

Appendix 7

TSX.V: COL | 32

APPENDIX 8. CARMACKS - CROSS SECTION MAIN ORE ZONE

Carmacks Cross Section

Deposit lies within the Yukon Cataclastic Terrane

Deposit area underlain

by intrusive and meta-intrusive rocks of the Granite Mountain Intrusion

Granite Mountain

granodiorite contains pendants of strongly foliated feldspar, biotite, horneblende-quartz gneisses that host the Carmacks Copper deposit

March 2013

TSX.V:COL

2050 – 1111 West Georgia Street Vancouver, BC V6E 4M3

T: 604.638.2505 F: 604.669.2926

www.coppernorthmining.com info@coppernorthmining.com