Mr. Giulio Bonifacio reports

NEVADA COPPER EXTENDS AND INCREASES BRIDGE LOAN FACILITY

Nevada Copper Corp. has extended the maturity date of its $15-million (U.S.) bridge loan facility with Pala Investments Ltd. to Jan. 31, 2016, while also increasing the maximum principal amount of the loan facility to $25-million (U.S.). The other terms of the loan facility remain unchanged. The loan facility will be drawn down as required.

The loan facility is secured against the company's assets but is subordinate to the security granted in connection with the $200-million (U.S.) senior credit facility with RK Mine Finance announced by the company on Dec. 30, 2014.

Giulio Bonifacio, president and chief executive officer of Nevada Copper, commented: "This extension and increase of the bridge loan further confirms Pala's continued support as our largest shareholder. This support most importantly allows Nevada Copper to continue advancement of the Pumpkin Hollow copper project while evaluating several financing and development options."

"In view of the capital markets and valuations in what has been an extremely challenging period in the mining sector, the support of Pala further enhances our ability to maximize value for all our shareholders."

We seek Safe Harbor.