Pacific Copper Corp.
OTC Bulletin Board : PPFP

Pacific Copper Corp.

January 24, 2008 10:00 ET

Pacific Copper Corp.: La Guanaca Chile Copper Oxide Property Obtained

TUCSON, ARIZONA--(Marketwire - Jan. 24, 2008) - Pacific Copper Corp. (CUSIP # 69412U 10 0)(OTCBB:PPFP) is pleased to announce that it has, through its Chilean subsidiary, entered into an exclusive exploration, mining and exploitation agreement (the "Guanaca Lease") for the La Guanaca oxide copper project located northeast of the town of Inca de Oro, Chanaral Province, Atacama Region 3, Chile. This property, which consists of approximately 300 hectares, is road-accessible and was previously explored in the mid-1990's through geophysical methods, sampling and drilling by Empresa Nacional de Mineria ("ENAMI") a Chilean nationally-owned mining enterprise. The Guanaca Lease is for a term of 5 years and is renewable automatically for additional 5-year periods. The owners of the La Guanaca property, whose families have held the concessions for many years, will receive US$2000 per month in cash during the term of the agreement. Other major mining companies, including Teck Cominco, have land positions in the district.

According to public reports prepared by ENAMI which were furnished by the owners, the property is characterized by mineralized breccias containing various forms of oxide copper over a strike length of approximately 3 kilometers.

Four of the historical drill holes completed by ENAMI in 1994 yielded the following selected results:



-------------------------------------------------------------------
Drill Hole From To Interval Interval Total
Number (meters) (meters) (meters) (feet) Copper %
-------------------------------------------------------------------
S-1 16 23 7.0 23.03 .66
-------------------------------------------------------------------
including 21 23 2.0 6.58 4.97
-------------------------------------------------------------------
S-1 41 43 2.0 6.58 1.46
-------------------------------------------------------------------
S-1 51 60 9.0 29.61 1.59
-------------------------------------------------------------------
S-1 64 81 17.0 42.77 .65
-------------------------------------------------------------------
including 77 81 4.0 13.16 1.45
-------------------------------------------------------------------
S-2 6 38 32.0 105.89 .33
-------------------------------------------------------------------
including 35 38 3.0 9.87 1.74
-------------------------------------------------------------------
S-2 40 54 14.0 36.06 .59
-------------------------------------------------------------------
including 40 45 5.0 16.45 1.34
-------------------------------------------------------------------
including 51 54 3.0 9.87 2.12
-------------------------------------------------------------------
S-2 60 68 8.0 26.32 1.53
-------------------------------------------------------------------
S-3 21 29 8.0 26.32 1.95
-------------------------------------------------------------------
S-3 56 73 17.0 55.94 .26
-------------------------------------------------------------------
S-4 2 10 8.0 26.32 .74
-------------------------------------------------------------------
including 8 10 2.0 6.58 1.25
-------------------------------------------------------------------
S-4 44 67 21.0 69.10 .26
-------------------------------------------------------------------


The fifth hole encountered minimal copper values over the first 60 meters. The ENAMI drill program covered a small area of alteration approximately 270 meters by 170 meters. From these drill holes, sampling and analytical results, ENAMI estimated potential copper mineralization at approximately 6.85 million tons at an average grade of 0.64%. These estimates and the above drilling results have not been confirmed by the Company, but the property is consequently open along strike for possible expansion of the potential resource. The Company is currently undertaking an exploration and drilling program to verify and expand the above information.

The Company anticipates that La Guanaca, subject to confirmation of resources, a mine plan and feasibility, would eventually be the subject of an open pit, heap leaching copper oxide operation.

You can find more detailed information with respect to the company's projects, corporate information and leadership team at the company's website: www.pacificcopper.com.

Should you have any questions or comments, please do not hesitate to contact the Company or our Investor Relations people at the referenced numbers below.

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" to the effect that certain events or conditions "may" or "will" occur. Any estimate of potential mineralized material is a forward looking statement. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made based upon information available to management, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, the uncertainties related to third-party reports that have not been confirmed by management or the Company, and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Contact Information