Northisle Negotiates Loan Agreement

Northisle Copper and Gold Inc. ("Northisle" or the "Company") (TSX VENTURE:NCX)
announces that it has negotiated a loan agreement with certain insiders,
pursuant to which $40,000 will be advanced to the Company, such advances to be
considered secured loans accruing interest at a rate of 12% per annum to be
calculated and paid semi-annually from the date of the advances.


As additional consideration for such advances, the Company has agreed to issue
160,000 "bonus shares" to the lenders pursuant to the provisions of the TSX
Venture Exchange (the "Exchange") Policy 5.1, subject to the Company receiving
acceptance from the Exchange.


About Northisle

Northisle is a Vancouver based junior resource company committed to the
exploration and development of the North Island Copper-Gold Project on Northern
Vancouver Island. The North Island Copper-Gold Project is situated approximately
15-40 kilometres southwest of Port Hardy and contains the Hushamu Deposit and
five other partially explored copper-gold porphyry occurrences. The Company has
a current resource estimate on the Hushamu Deposit which has been filed on
Sedar. The project is 100% owned by Northisle. 


For more information on Northisle and the Hushamu Deposit please visit the
Company's website at www.northisle.ca. 


On behalf of Northisle Copper and Gold Inc.

David M Douglas, CA, CFO and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


This news release contains forward-looking statements. These forward-looking
statements are based upon the reasonable beliefs of Northisle and its management
as of the date of this news release; however, forward-looking statements involve
risks and uncertainties and are based upon factors that may change and
assumptions that may prove, with the passage of time, to be incorrect as a
result of exploration and other risk factors associated with mineral exploration
and development that are beyond the control of Northisle. Accordingly, undue
reliance should not be placed upon such statements. If factors materially change
or assumptions are materially incorrect, the actual results, performance or
achievements of Northisle may be materially different from any future results,
performances or achievements expressed or implied by such forward-looking
statements. Northisle does not undertake any obligation to update or revise any
forward-looking statements to reflect new information, future events or
otherwise, except as required by applicable law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Northisle Copper and Gold Inc.
604.638.2515
604.669.2926 (FAX)
www.northisle.ca