May 2013

TSX.V:COL

A New Direction

Developing Copper Assets in Canada’s North

June 2014

Confidential

TSX.V: COL | 2Forward Looking Statement

FORWARD LOOKING STATEMENTS

This presentation includes certain forward-looking information or forward-looking statements for the purposes ofapplicable securities laws. These statements address future events and conditions and, as such, involve known andunknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements todiffer materially from those anticipated in such statements.

Important factors that could cause actual results to differ materially from the Company’s expectations include, amongothers, 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 andfinancing, 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 otherexploration 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 notlimited to, the assumptions that the proposed exploration and development of the mineral projects will proceed asplanned, market fundamentals will result in sustained metals and mineral prices, and any additional financing neededwill be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or reviseany forward-looking statements whether as a result of new information, future events or otherwise except as otherwiserequired by applicable securities legislation.

TSX.V: COL | 3Projects

DEVELOPMENT & EXPLORATION PROJECTS

YUKON

NORTHWESTTERRITORIES

BRITISHCOLUMBIA

CARMACKS PROJECT 100%(Yukon, Canada)

Proven & Probable Reserves 11.6Mt @ 0.98% Cu, 0.43g/t Au and

4.34g/t Ag.

249 M lbs Contained Copper,161,000 oz Au & 1,610,000 oz Ag

Development

Copper-Gold-Silver Deposit

REDSTONE PROPERTY 100%(NWT, Canada)

*Historic Resource Estimate33.4 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 thehistorical resource estimate on behalf of the Company has not performed significant work to classify the historical resource estimate as acurrent mineral resource.

TSX.V: COL | 4

Management change with March 1, 2014 appointment of Dr. Harlan Meade as President and CEO, having more than 30 years of exploration and development experience in the Yukon and globally.

Financial restructuring of Copper North to provide a foundation for the advancement of Carmacks Copper-Gold-Silver project and improve its market valuation.

Preliminary Economic Assessment, June 2014 ~ First Step In Re-engineering Carmacks Project : PEA completed June 2014, adding recovery of gold and silver alongside previously

engineered copper leach operation.

Benchmarking against similar projects to identify opportunities for CAPEX reduction.

Chinese Engineering and Procurement Opportunity: discussions in progress for a Canada-Chinese Feasibility Study and procurement.

Vat leaching of copper under review : opportunity to increase copper recovery and reduce capital and improve operating efficiency.

Corporate Restructuring

COPPER NORTH - Corporate Restructuring

TSX.V: COL | 5Share Trading History

COPPER NORTH – TSX.V.COL

Capital StructureIssued: 80,509,998Options: 2,835,834Warrants: 16,564,500Fully Diluted: 99,910,332

Working Capital Cash: $200,000

Payables: approx $375K Related Party arrears: $325K

As at June19, 2014• Including debt repaymentannounced June 17, 2004

TSX.V: COL | 6

COPPER NORTH INVESTMENT ATTRACTION

Canada- low political risk jurisdiction; stable tax regime; current exchange rate favourable for investors; and100% ownership.

Road accessible;10km from Yukon Energy transmission line.

High-grade copper oxide with good leach characteristics;reduced transportation expense for cathode copper versus

haulage of concentrates.

C1 cash cost of production to US$1.07/lb Cu.

Near Term Production (2017)– Forecast annual production of 30Mlbs LME Grade A Copper

Cathode and 17,300 oz gold and 165,000 oz silver.

Exploration - Potential to expand oxide and sulphide mineral resource.

TSX.V: COL | 7

CARMACKS COPPER - Infrastructure

Carmacks Location

TSX.V: COL | 8Carmacks Resources and Reserves

CARMACKS PROJECT - 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 161K oz 1,612K oz

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. Based on zones 1, 4. 7 &7A only.

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 1.900Notes: Mineral resources at 0.25% total copper cut-off. Based on zones 1,4,7 & 7A.

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 | 9Mine Site With Exploration Workings

CARMACKS PROJECT – Favourable Site Development

Copper leach pad location

Zone 1 Resource

TSX.V: COL | 10

CARMACKS PROJECT - Oxide Ores

Oxide copper mineralization within the copper-gold district in north central Yukon; deep weathering profiles preserved, similar to other arid and semi-arid low latitude environments.

TSX.V: COL | 11Carmacks Geology

CARMACKS PROJECT – Geology & Mineral Zones

Carmacks deposits open at depth & oxidised to ~230m

Malachite, cuprite, azurite and tenoriteminerals dominate oxide mineralization

All Resources and Reserves based on zones 1,4, 7 & 7A

Exploration upside potential in zones 2,12,13,14 & 2000.

Resource & Reserves

Section 400N

See Appendix 8 for Section 400N

TSX.V: COL | 12

CARMACKS PROJECT - Cross Section Main Ore Zone

Carmacks Cross Section

Deposit lies within the Yukon CataclasticTerrane of deformed granitic rocks.

Granite Mountain contains pendants of strongly foliated feldspar, biotite, hornblende-quartz gneisses that host the copper-gold-silver mineralization.

Structurally controlled, steep dipping mineralized zones.

TSX.V: COL | 13

CARMACKS PROJECT – 2014 Strategic Review

Project Opportunities

Copper North has commenced re-engineering of mine and leach process development plan for cost reduction and improved operations.

THREE PHASE PLAN:

Phase I - Preliminary Economic Assessment, adding gold and silver recovery and Forex adjustment: SEDAR filing of PEA report pending.

Phase II - Re-engineering to reduce Opex and Capex: Initial focus is evaluation of vat leaching of copper (followed by gold & silver dump leach) versus current dump leach copper-only plan. Initial evaluation followed by a review of capital components, benchmarking of similar projects and evaluation of alternatives for EPCM (engineering, procurement and construction management): target completion by Q2 2015.

Phase III - Expansion of Mineral Resources and Reserves: an initial goal of adding another three years to the mine plan. This can be achieved by expanding the oxide resource; or alternatively, addition of dump leaching of copper sulphide mineralization as operations proceed.

TSX.V: COL | 14

CARMACKS PROJECT – Re-engineering

Project Opportunities

Progression in re-engineering the project with focus now on vat leaching opportunity.

TSX.V: COL | 15

1

PHASE I - Gold-Silver Opportunity

» Mined ore on copper heap contains 0.43 g/t gold & 4.3 g/t silver* and some residual copper to be recovered in cyanide circuit.

» Initial test work indicates neutralization and cyanidation of this residue will result in 78% gold extraction (under review) and silver and residue copper.

» Re-evaluation of transfer of the depleted copper heap leach to a gold heap leach. Depletion of the initial copper leach estimated at approximately 12 months, with gold and silver recovery commencing in year 2 of copper leach operations. Change to vat leach copper would result in immediate recovery of gold and silver.

» Project Economics:– Modest CAPEX increase for SART/ADR circuit, and

additional leach pads and handling equipment.– Modest OPEX increase for re-handling of spent copper leach;

lime addition, agglomeration and cyanide recovery facility.» Operations Opportunities:

– Reduction in reclamation expense; etc. – Recovery of Cu in SART* circuit.

CARMACKS COPPER PROJECT

* SART: Sulphidization-Acidification-Recycle-Thickening* See reserve statement page 8.

TSX.V: COL | 1616

CARMACKS COPPER – 2014, Gold & Silver Modelling

Phase I Preliminary Modelling Gold & Silver Recovery and Forex Adjustment.(The Preliminary Economic Assessment supersedes the Oct 2012 M3 Feasibility Study with conceptual changes and assumptions that need to be confirmed with more engineering work and preparation of a new feasibility study):

CARMACKS COPPER PROJECT

• Estimated gold recovery of 78% (128,000 oz) and silver 75% (1,230,000 oz).

• Approximate 32% increase in Gross Net Revenues, and modest increase of unit operating costs for gold and silver processing.

• Gold and silver revenues start approximately 12 months* after commencement of copper leaching, with cyanidation of gold and silver on a separate pad.

LOM CarmacksProject (US$)

M3 Feasibility Cu only

PEACu+Au+Ag

Gross Net Revenues $678M $892M

Operating Costs $343.9M $397.7M

Net Operating Revenues

$333M $494.2M

Cash Operating CostUS$/lb Cu

$1.61 $1.07

* Note: Vat leaching of copper (approx. 3 weeks) would reduce lag time and bring gold and silver recovery forward.

TSX.V: COL | 1717

CARMACKS PROJECT – Base Case Economics

CARMACKS COPPER PROJECT

Base Case economics are premised on copper price of US$3.20/lb, gold at US$1330/oz andsilver US$21.50/oz.

• NPV(8%) is used as Base Case with a before tax Net Present Value of US$66M and after-tax NPV(8%) of US$27.6M.

• before-tax 15% IRR; payback of capital of 5.1 years

• Phase II re-engineering, the key focus on reduction of capex to improve overall project economics and reduce payback period. Benchmarking indicates significant opportunities to pursue.

• Expansion of mine life with a resumption of exploration also an important goal for increasing project value.

TSX.V: COL | 1818

CARMACKS PROJECT – After Tax NPV Sensitivity Analysis

CARMACKS COPPER PROJECT

Sensitivity analysis illustrates the impact on AfterTax NPV(8%) for the key parameters, BaseCase US$66M, with NPV and % change from Base Case. The project economics are mostsensitive to changes in copper price, exchange rate and operating cost.

TSX.V: COL | 1919

PHASE II - Re-engineering and Cost reduction

» Evaluate vat leaching alternative to minimize extensive earthworks and pad liners associated with heap leach operations.

» Evaluate sourcing of detailed engineering and procurement of key equipment components from Chinese engineering groups and fabricators; benchmarking suggests capital savings of up to 40% for some parts of the treatment plants.

» Seek reduction in manpower by simplifying operations and efficiency improvements in the development and operating plan.

» Contracting of non-core activities and lease-purchase opportunities.

» Increased Company management involvement in construction activities.

CARMACKS COPPER PROJECT

TSX.V: COL | 2020

PHASE II- Vat Leaching Vs Heap Leaching

» Vat Leaching:– Shorter leach time of 3 to 4 weeks as compared to 12 month leach time for heap

leaching of copper.

– Slow dispersing of weak sulphuric acid in heap leach versus soaking the crushed ore in a sulphuric acid bath in the vat leach.

– Vat leaching would move gold and silver recovery forward by one year in the production plan.

– Vat leach is a more controlled operating environment eliminating most weather concerns associated with heap leaching.

– Smaller footprint and reduction in extensive earthworks and pad liners.

– Possible reduced acid consumption in copper vat leach due to shorter leach time.

– Vat leach provides simpler more efficient washing of the spent leach copper and addition of lime and agglomeration for feed to cyanide circuit.

» Environmental Benefits:– Closed leach circuit operations reduce potential leakage and pad monitoring.

– Waste leach materials are benign and require less fluid measures, and allows for lower cost subaerial waste disposal system.

CARMACKS COPPER PROJECT

TSX.V: COL | 21

CARMACKS BENCHMARKING - SXEW COPPER LEACH

Carmacks Copper: high grade and significant gold and silver credits. Heap Leach

ProjectsStatus % Measured & Indicated Inferred Annual

ProductionM lbs

Capex(M$)

Op Cost US$/lb

Cu

OtherTonnes(Million)

Cu%

Cu sol% Tonnes(million)

Cu %

Cu sol%

Carmacks CuOxide

PEA, permitting 100

11.98 1.07 0.86 0.09 0.73 0.53 30 US$225(incl WC)

$1.04 Mine life 7+ yrs; Au/Ag Recovery; SR 5:1; M3EngGold &silver recovery

Sulphide 4.34 0.75 0.03 4.03 0.71 0.01San Jorge (Argentina)

48.4 0.61 55% oxide

53 10 yrs

Sulphide 136 0.43 0.19 g/t AuCoro MiningBerta (Chile)

PEA; permitting

100 17.6 0.37 65% oxide

11-22 SR 0.49:1; staged dev. 65%CuSol; 50% JV agmt

Lady Annie (Aust)

Production 11.2 1.10 48 $2.50

Sulphide 65.2 0.71Newmont-Phoenix (Arizona)

Production 170 0.22 20 25 yrs

Kipoi (DRC) Production 4 1.33 1 1.10 53 1.13 11yrs

Quaterra MacArthur (Ariz)

PEA; permitting

158 0.212 243 0.201 41 US$233 1.89 M3 Eng; 0.9:1 SR;18 yrs

Sulphide 159 0.292Central Asia Kounrad(Kazakhstan)

Production 60 89.7 0.10 79.6 0.10 22 US$39 Leach waste dumps; large 447Mt sulphide resource

Wetar (Indonesia)

BFS 8.2 2.50 53 $167 1.07 SR 0.86:1; 9.2 yrs

In-Situ Leach Curis Res.Florence Insitu(Arizona)

Prefeas; advanced permitting

100 429 0.33 63 0.27 55 US$208 $1.11 15 yrs; M3 Eng

ExcelsiorGunnison(Arizona)

Prefeas; early permitting

100 683 0.29 338 0.21 110 US$285 $0.80 14 years; M3 Eng

TSX.V: COL | 2222

CARMACKS PROJECT - PHASE II Benchmarking

» Comparison Analysis:– Most SXEW oxide copper deposits are associated with the large porphyry copper deposits in

Arizona, Chile and Peru; they are generally dump leach operations of low grade ores. Benchmarking for smaller projects like Carmacks, is best focused on smaller higher grade leach operations that rely on higher recovery of copper.

– Central Asia Metals Ltd recently constructed Kounrad project in Kazakhstan, is similar in size with a slightly smaller SXEW plant than that proposed for Carmacks, and other differences; nonetheless, it provides a basis for benchmarking.

• Kounrad mine is an SXEW project recovering 22 M lbs of copper annually from leaching low grade mixed oxide-sulphide ores from a previous mining project.

• Kounrad Capex was US$ 46M of which US$29M is the SXEW plant installed as compared to US$42M direct costs only for Carmacks (M3 Feasibility Study); the difference suggests procurement opportunities to reduce capex. These opportunities may also apply to other parts of the Carmacks facilities.

• Detailed engineering and procurement by Beijing General Institute of Mining Metallurgy resulted in a significant reduction in capex compared to earlier an feasibility study.

• Carmacks as currently designed has a large footprint for leach pads and large costs for earthworks, pad line construction and pad loading conveyor and grasshopper equipment that results in a much more capital intensive development plan: considering alternatives.

CARMACKS COPPER PROJECT

TSX.V: COL | 2323

Mineral Resource Expansion: Opportunity To Expand Mine Life

Expansion of Oxide Mineral Resources:▲ M3 Feasibility Study only considers processing the 10.6 million tonnes of oxide ore

contained in Zones 1, 4, and 7.

▲ Oxide ore exists in Zones 2, 5, 12, 13, 14 and 2000.

▲ Good exploration potential to find additional zones.

▲ Current permit allows for processing of up to 16.3 million tonnes of oxide ore.

Leaching of Sulfide Mineral Resources :▲ Sulfide potential at site is significant and the majority of the sulfide potential in new zones is

at depths accessible by open pit.

▲ Test program is warranted to confirm potential dump leaching of the 4.3M tonnes of Measured & Indicated sulphide mineral resources and 4M tonnes in Inferred sulphideresource inventory (see page 9), utilizing the SXEW copper leach facility.

▲ Treatment of sulfide ore will require a dedicated long term leach pad.

CARMACKS COPPER PROJECT

TSX.V: COL | 24

APPENDIX 1: Oxide Exploration Potential

Zone 13

Zone 12East

Zone 5 OxideHole From (m) To (m) Width (m) Cu (%) CuOx (%)

WC-015 116.0 117.0 1.0 1.82 0.75WC-016B 95.0 97.0 2.0 1.16 0.81Zone 2000S OxideWC-039 30.5 41.3 10.8 0.72 0.63RC-92-01 45.7 56.4 10.7 0.67RC-92-10 38.1 44.2 6.1 0.63WC-033 104.3 120.0 15.7 0.51 0.22WC-037 106.0 107.6 1.6 0.48 0.32WC-041 18.3 20.5 2.2 0.40 0.31Zone 13 OxideWC-132 32.0 50.0 18.0 1.09 0.89WC-113 28.0 50.0 22.0 0.79 0.66WC-027 57.0 70.0 13.0 0.69 0.52DDH-13-01 109.1 110.5 1.4 0.62DDH-13-01 96.2 96.3 0.1 0.47Zone 12 OxideWC-128 43.0 44.0 1.0 1.15 1.08WC-097 22.0 26.0 4.0 1.03 0.88DDH-12-01 24.3 38.6 14.3 0.94 0.58WC-129 27.2 48.0 20.8 0.93 0.72WC-131 58.0 72.0 14.0 0.93 0.53WC-124 13.3 21.0 7.7 0.90 0.60DDH-12-02 9.1 30.5 21.3 0.79WC-090 6.0 10.0 4.0 0.78 0.66DDH-12-03 17.1 25.7 8.6 0.69DDH-12-03 54.9 60.9 6.1 0.68WC-112 32.4 35.0 2.7 0.59 0.50DDH-12-02 62.6 70.8 8.2 0.53WC-127 18.0 24.0 6.0 0.49 0.37WC-120 3.1 16.0 12.9 0.45 0.26WC-126 32.0 49.0 17.0 0.44 0.32WC-099 6.4 33.0 26.6 0.43 0.29DDH-12-01 23.4 24.3 0.9 0.40 0.35

TSX.V: COL | 25

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

Dr. Harlan Meade – President, CEO and Director Former President and CEO Selwyn Resources Ltd.; Yukon Zinc Corporation

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

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)

Corey Dean – Corporate Secretary– Currently a Managing Partner at DuMoulin Black LLP, Mr. Dean has practiced corporate,

securities and natural resource law with a focus on corporate finance and mergers and acquisitions since 1981.

Senior Management & Board

APPENDIX 2: CORPORATE

TSX.V: COL | 26

APPENDIX 3 Copper Markets Outlook - May 2014

TSX.V: COL | 27

APPENDIX 3:Copper Supply - Demand OutlookNew mine supply leads to refined copper surplus in 2014 and 2015, then transitions to deficit in 2016.

TSX.V: COL | 28

Appendix 3:Copper Project Delays - Soon A ProblemProject delays defer any significant new mine production until 2016 and 2017; leads to deficit starting 2016.

TSX.V: COL | 29

APPENDIX 3: Copper Price Overview

Copper price forming an approximate base of US$3.00/lb (US$6600/tonne).

Current price is cutting into 90th percentile of the cost curve; any production loss will cause supply deficit and lead to higher copper price to rebalance market.

LME Cash Cost, Cutting Into Producer Cost Curve

TSX.V: COL | 30

APPENDIX 3: New Mine Project PipelineC1 Cash Cost required for proposed new mines needed by 2020 to meet the forecast 5 million tonnes of new

copper supply demand: median incentive price is US$3,703/tonne or US$1.68/lb copper for C1 cash cost, or US$5,604/t (US$2.54/lb) for copper, including indirect costs.

TSX.V: COL | 31

Copper Markets• Forecast 3.7% global growth in copper consumption over 2013 to 2018, provides opportunity for new mine

production. Analysts are forecasting a need for 5M tonnes of new mine production by 2020.

• Near term surplus of refined copper to keep copper prices in a narrow range for 2014 and 2015, followed by an increase in copper price as markets transition to supply deficit.

Re-engineering & Permitting Timeline•

• Addition of gold and silver increases Net Revenues approximately 32% and also provides an opportunity to optimize the leach plan and increase efficiency to reduce overall operating cost .

• Re-engineering and optimization of the mine and processing plan targeted for completion in Q4 2014.

Cash Cost of Production • With gold and silver credits, Carmacks achieves a very attractive C1 cash cost in the lower quartile of the

cost curve - approximately US$1.07/lb copper.

• Production costs well below the mean C1 cash cost of US$1.68/lb copper for the proposed new major mines.

Capital Efficiency • Copper equivalent production (adjusting for gold and silver recovery) is approximately 40M lbs annually.

The re-engineering work in progress should reduce the current capex and further improve project economics.

Infrastructure and Geopolitical Risk• Carmacks Copper is centrally located in Yukon near major highways and electrical power grid. Mineral title

and taxation are secure and cooperation agreements with First Nations reduces permitting risk.

Financing Position • The production of gold and silver dore, and copper as cathode, opens up more financing alternatives

compared to copper concentrates. Metal streaming agreements provide an alternative to dilutive equity financings, particularly during current difficult equity markets.

APPENDIX 3: Copper Market Outlook and Carmacks Project

February 2014

TSX.V:COL

18th floor – 570 Granville StreetVancouver, BC V6C 3P1

T: 604.638.2505F: 604.669.2926

www.coppernorthmining.cominfo@coppernorthmining.com

June 2014