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Copper North Mining Corp. Capital/Financing Update 2020

Aug 21, 2020

46921_rns_2020-08-21_f684bf8c-99c4-4368-8876-bc8044fa8ad3.pdf

Capital/Financing Update

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MATERIAL CHANGE REPORT

(FORM 51-102F3)

Item 1: REPORTING ISSUER

Copper North Mining Corp. (the "Company") 4908 Pine Crescent Vancouver, BC V6M 3P6

Item 2: DATE OF MATERIAL CHANGE

August 21, 2020

Item 3: PRESS RELEASE

Date: August 21, 2020

Dissemination: The news release dated August 21, 2020 was disseminated through Stockwatch and Market News and is available on the SEDAR website (www.sedar.com).

Item 4: SUMMARY OF MATERIAL CHANGE

Grant of 5,500,000 incentive stock options

Item 5.1: FULL DESCRIPTION OF MATERIAL CHANGE

August 21, 2020, Vancouver, B.C. - Copper North Mining Corp. (TSX.V: COL) (“Copper North” ) John Cumming, President and CEO of Copper North announces:

Grant of Stock Options

Copper North has granted 5,500,000 incentive stock options to directors, officers and consultants of the Company. The options are for a five-year term exercisable at $0.055 per share, are fully vested and are granted pursuant and subject to the Company’s approved Stock Option Plan and any required regulatory approvals.

ITEM 6. RELIANCE ON SUBSECTION 7.1(2) OF NI 51-102

Not applicable.

ITEM 7. OMITTED INFORMATION

No information has been omitted on the basis that it is confidential information.

ITEM 8. EXECUTIVE OFFICER

Contact: John Cumming, President and Chief Executive Officer Telephone: 604-618-4262

ITEM 9. DATE OF REPORT

April 21, 2020