Mr. Randy Buffington reports

NEVADA COPPER PROVIDES FINANCING UPDATE

Nevada Copper Corp. has provided an update on its financing activities in connection with the ramp-up of its wholly owned Pumpkin Hollow underground copper mine.

As previously disclosed, the company requires further financing in the near term to complete the commissioning and ramp-up of its underground mine and to continue operations. The company has been in discussions with a third party regarding a proposal for additional financing and a potential change of control transaction. While the exclusivity period relating thereto has lapsed, discussions are continuing. The company is also in discussions with its key stakeholders to obtain financing and is seeking to enter into discussions with other parties in order to obtain financing and/or enter into a change of control transaction. There can be no assurance that any such discussions will progress or that any financing or transaction will be obtained or entered into.

The company's largest shareholder, Pala Investments Ltd., and other existing stakeholders of the company have been providing limited interim financing to the company. These stakeholders are under no obligation to provide additional financing. Certain of these stakeholders have confirmed to the company their intention to provide limited additional financing for a short period to allow the company to continue to pursue the discussions referred to above, subject to their comfort that sufficient progress is being made. In the absence of securing sufficient financing from existing stakeholders and/or third parties in the near term, the company will not be able to continue carrying on business and may need to take steps to seek creditor protection.

About Nevada Copper Corp.

Nevada Copper is the owner of the Pumpkin Hollow copper project located in Nevada, United States, with substantial reserves and resources, including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility, which was recently restarted and is undergoing a ramp-up of operations to nameplate capacity, and a large-scale open-pit prefeasibility-study-stage project.

We seek Safe Harbor.