Northern Peru Copper Corp.

Northern Peru Copper Corp.

December 20, 2007 16:44 ET

China Minmetals / Jiangxi Copper Bid Circular and Northern Peru Copper Directors' Circular Mailed in Respect of C$13.75 Offer for Northern Peru Copper

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2007) - Northern Peru Copper Corp. ("NOC" or the "Company") (TSX:NOC) and China Minmetals Nonferrous Metals Co., Ltd ("Minmetals") and Jiangxi Copper Company Ltd. ("Jiangxi"; collectively "the Offerors") are pleased to announce that the Offerors' formal bid circular in respect of the offer to acquire the outstanding common shares of NOC at a price of C$13.75 in cash per share has been mailed to NOC's registered shareholders. NOC has also mailed its directors' circular recommending that NOC shareholders accept the offer.

On December 6, 2007, NOC and the Offerors announced the Offerors' intention to make a supported take-over bid for NOC, valuing the total common share capital of NOC at approximately C$455 million. The offer represents a 34% premium to NOC's volume weighted average price for the 20-day trading period ending on December 5, 2007 and a 21% premium to NOC's closing price on December 5, 2007, the last trading day prior to the date the Offerors announced their intention to make the offer. All officers, directors and certain major shareholders of NOC, representing approximately 42.5% of the common shares outstanding on a fully-diluted basis, have agreed to tender their shares to the offer pursuant to lock-up agreements entered into with the Offerors.

The offer is open for acceptance until 9:00 pm (Toronto time) on Friday, January 25, 2008, unless extended or withdrawn.

Full particulars of the offer are set out in the offer and circular filed by the Offerors and the directors' circular filed by NOC. These documents are available on the Canadian Securities Administrators' website at, on the United States Securities and Exchange Commission's website at and on the NOC website at

NOC shareholders with questions should contact Kingsdale Shareholder Services Inc.

North American Toll Free: 1-800-775-5159

Outside North America, Bank and Brokers Call Collect: +1 (416) 867-2272


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