Nevada Copper Corp.
TSX VENTURE : NCU

Nevada Copper Corp.

January 10, 2007 10:57 ET

Nevada Copper Closes Longview Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 10, 2007) - Nevada Copper Corp. (TSX VENTURE:NCU) ("Nevada Copper") is pleased to announce that it has closed the non-brokered private placement of 1,000,000 units at the price of $1.25 per unit for gross proceeds of $1,250,000 with Longview Capital Partners Incorporated announced December 20, 2006. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant entitles the holder to purchase an additional common share of Nevada Copper at a price of $1.50 per share until July 9, 2008. All securities issued in connection with the private placement are subject to a four month hold period expiring May 10, 2007.

Proceeds from the private placement will be used to further accelerate drilling activities and the planned feasibility study planned for 2007 on Nevada Copper's 100% owned Pumpkin Hollow Copper property located in Western Nevada.

About Nevada Copper

Nevada Copper is a well financed emerging copper company, responsibly developing the Pumpkin Hollow copper-iron property located in Western Nevada. In June 2006, a National Instrument 43-101 compliant resource estimate for the advanced-stage Pumpkin Hollow property was completed, as previously announced. At a 0.2% copper cutoff grade, the measured and indicated copper resource is 2.7 billion pounds of copper, contained in 312 million tons grading 0.44% copper and 12.3% iron. An additional inferred copper resource of 3.4 billion pounds of copper is contained in 454 million tons grading 0.37% copper and 8.2% iron.

Within these large resources is a very significant high grade copper resource. Using a 0.75% copper cutoff grade, the measured and indicated resources contain 700 million pounds of copper in 25 million tons of material grading 1.45% copper and, in addition, the inferred resource contains 500 million pounds of copper within 17 million tons grading 1.5% copper.

Nevada Copper has 30.5 million shares outstanding and is well financed with no debt. For additional information about Nevada Copper please visit our website at www.nevadacopper.com.

NEVADA COPPER CORP.

Giulio T. Bonifacio, President & CEO

CAUTIONARY NOTE TO INVESTORS

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.

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