Nevada Copper Corp.
TSX VENTURE : NCU

Nevada Copper Corp.

January 22, 2007 11:00 ET

Nevada Copper Mobilizes Third Drill Rig

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 22, 2007) - Nevada Copper Corp. (TSX VENTURE:NCU) ("Nevada Copper") reports the addition of a third drilling rig at its 100% owned Pumpkin Hollow Copper Development Property in Nevada. Current drilling includes in-fill and step-out holes designed to both upgrade the current resource classifications to prepare for a feasibility study, and to test for resource expansion down dip and along strike in areas where the deposits remain open. Results from the 12,000 meter drilling program will be released as assays become available.

Mr. Joe Kircher, Vice President and Chief Operating Officer, commented: "Having three drills rigs operating around the clock will allow us to achieve our systematic fast-track program to advance Pumpkin Hollow towards feasibility in 2007."

About Nevada Copper

Nevada Copper is a 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.

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

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filings that are available at www.sedar.com.

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

Contact Information

  • Longview Strategies Incorporated
    Michael Rodger
    (604) 681-5755
    or
    Nevada Copper Corp.
    Susan L. Wilson
    Corporate Communications
    (604) 688-7508
    (604) 681-0122 (FAX)
    Email: info@nevadacopper.com
    Website: www.nevadacopper.com