An anonymous director of Pala Investments reports

PALA INVESTS IN NEVADA COPPER CORP.

Pala Investments Holdings Ltd. has agreed to acquire a total of 2.5 million common shares of Nevada Copper Corp., representing approximately 3.43 per cent of the 72,861,458 issued and outstanding common shares of NCU, as known by PIHL. The common shares are to be acquired by way of private transaction pursuant to a share purchase agreement dated July 3, 2012.

Assuming the closing of the acquisition referred to above, PIHL will own and control, directly and indirectly, a total of 27,381,981 common shares representing approximately 37.58 per cent of the issued and outstanding shares of NCU, as known by PIHL.

The consideration payable for each common share that PIHL has agreed to purchase is $1.90 per common share. It is a condition to the share purchase agreement that the acquisition of common shares close by July 10, 2012. PIHL intends to acquire the common shares for investment purposes and may increase or decrease the investment in the common shares depending upon future market conditions.

The common shares of NCU are being acquired pursuant to an exemption from securities legislation provided by Section 100.1 of the Securities Act (Ontario) and Section 4.2 of Multilateral Instrument 62-104 of the Canadian securities administrators. Such exemptions are available on the basis that the common shares were purchased from less than five vendors and the price per common share was less than 115 per cent of the market price of NCU's common shares on the date of the share purchase agreement.

We seek Safe Harbor.