Ms. Joanne Freeze reports

ALTA COPPER ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Alta Copper Corp. has closed the previously announced non-brokered private placement with Nascent Exploration Pty. Ltd., a wholly owned subsidiary of Fortescue Metals Group Ltd.

A total of 6,255,942 common shares were issued at a price of 50 cents, reflecting a premium to market, for gross proceeds of $3,127,971. The common shares will be subject to a mandatory four-month-and-one-day hold period, in accordance with applicable securities law. No warrants were included in the private placement. As a result of the private placement Fortescue Metals holds a 30.96-per-cent shareholder interest in Alta Copper.

The company will use the proceeds of the private placement to continue to advance its 100-per-cent-owned its advanced-staged Canariaco copper project.

The private placement remains subject to the final approval of the Toronto Stock Exchange.

About Alta Copper Corp.

Alta Copper is focused on the development of its 100-per-cent-owned Canariaco advanced-staged copper project. Canariaco comprises 97 square kilometres of highly prospective land located 150 km northeast of the city of Chiclayo, Peru, which include the Canariaco Norte deposit, Canariaco Sur deposit and Quebrada Verde prospect, all within a four km northeast-southwest trend in northern Peru's prolific mining district. Canariaco is one of the largest copper deposits in the Americas not held by a major.

We seek Safe Harbor.