Nevada Copper Corp.
TSX : NCU

Nevada Copper Corp.

July 07, 2009 10:00 ET

Nevada Copper Closes US$2,000,000 Convertible Debenture

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES.

Nevada Copper Corp. (TSX:NCU) ("Nevada Copper") announces that it has closed its previously announced agreement (the "Agreement") with Zhongtiaoshan Non-ferrous Metals Group Co., Ltd. ("ZTS") whereby US$2,000,000 has been received by way of a convertible debenture (the "Convertible Debenture"). The Agreement and the transactions contemplated by the Agreement received the approval of the Toronto Stock Exchange. Further details of the Agreement are described in Nevada Copper's June 26, 2009 press release.

ZTS is a leading Chinese copper producer formed in 1956 and based in Shanxi Province. ZTS has developed into a large diversified copper group that conducts business in mining, refining and processing. ZTS is currently one of China's largest state-owned enterprises.

Proceeds from the Convertible Debenture will be applied to the Pumpkin Hollow property and working capital. Nevada Copper has 40.6 million shares outstanding. For additional information about Nevada Copper please visit our website at www.nevadacopper.com.

The common shares issuable upon conversion have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

NEVADA COPPER CORP.

Giulio T. Bonifacio, President & CEO

The securities offered have not been and will not be registered under the Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities law. Certain of the information contained in this news release constitute "forward-looking statements". Such forward-looking statements include the company's expectations related to the closing of the private placement and the use of proceeds. Forward looking statements are not statements of historical fact and factors may cause the actual results, performance or achievements of the Company to be materially different from those set forth in such statements.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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