Copper

TSX:NCQ

September 1, 2016 – Vancouver, British Columbia – NovaCopper (NYSEMKT:NCQ;TSX:NCQ) is pleased to announce the completion of the previously announced sale of its wholly-owned subsidiary, Sunward Investments Limited, to Brazil Resources Inc. (β€œBRI”). NovaCopper sold Sunward Investments Limited, which indirectly owns the Titiribi property, located in Antioquia Province of Colombia, to BRI in exchange for 5 million common shares of BRI and 1 million warrants.

September 1, 2016 – Vancouver, British Columbia – NovaCopper (NYSEMKT:NCQ;TSX:NCQ) is pleased to announce the completion of the previously announced sale of its wholly-owned subsidiary, Sunward Investments Limited, to Brazil Resources Inc. (β€œBRI”). NovaCopper sold Sunward Investments Limited, which indirectly owns the Titiribi property, located in Antioquia Province of Colombia, to BRI in exchange for 5 million common shares of BRI and 1 million warrants. Each warrant is exercisable into one common share of BRI for a period of two years from the closing date of the transaction at a price of C$3.50 per BRI common share. Using the 20 day volume weighted average price of BRI shares on the TSX-V of C$2.39, the value of the 5 million common shares of BRI would be approximately C$12.0 million (US$9.1 million).
NovaCopper Changing its Name to Trilogy Metals
To better reflect the diversity of metals at the Company’s 100%-owned Upper Kobuk Minerals Projects located in northwest Alaska, NovaCopper will change its corporate name to Trilogy Metals Inc. The Company expects to commence trading under the symbol β€œTMQ” and operating under the new name, and to launch its new website at www.trilogymetals.com, on September 8, 2016.
Connect with NovaCopper (NYSEMKT:NCQ;TSX:NCQ) to receive an Investor Presentation.

MARKETS

Markets
TSX19577.04+31.10
TSXV660.08+4.88
DOW32726.82-85.68
S&P 5004151.94-3.23
NASD12720.58+52.42
ASX6974.90-1.00

COMMODITIES

Commodities
Gold1786.63-6.46
Silver20.06-0.14
Copper3.50+0.02
Palladium2101.76+37.76
Platinum940.53+9.54
Oil88.76+0.22
Heating Oil3.25-0.09
Natural Gas8.10-0.02

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