Nevada Copper Corp.
TSX : NCU

Nevada Copper Corp.

October 14, 2008 13:14 ET

Nevada Copper-Intersects 128 Meters (421 Feet) of 0.58% Copper in the Open Pittable South Deposit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2008) - Nevada Copper Corp. (TSX:NCU) ("Nevada Copper") continues to demonstrate considerable success with its 2008 drilling program, at its 100% owned Pumpkin Hollow Copper Development Property located in Nevada. Drilling continues to define continuity, thickness and expand the high grade copper mineralization. Specifically, following are the latest drilling results from the open pittable South and Southeast Deposits.

Drill hole NC08-19 in the South Deposit intersected 128.3 meters (421.0 ft), 116.3 meters true thickness, averaging 0.58% copper. NC08-19 was drilled as an infill hole. The mineralization encountered is thicker and higher grade than the adjacent holes (L-50, 259 ft averaging 0.45% Cu and L-51, 110 ft averaging 0.32% Cu) which are respectively 50 and 40 meters from NC08-19. Additionally, drill hole NC08-16, also drilled as an infill hole in the South Deposit, intersected several large zones of copper mineralization with the thickest intercept of: 85.3 meters (280.0 ft), 77.3 meters true thickness, averaging 0.55% copper.

Infill drill holes NC08-10 and 11 intersected shallow copper mineralization. Due to drill problems NC08-11 was unable to be completed to the target depth and bottomed in high-graded iron mineralization: 15.9 meters (52 ft) averaging 44.5% iron. Nevada Copper is very encouraged by these drilling results and expects they will positively impact both the tenor and total copper resource in the South Deposit. An updated resource estimate for the entire Pumpkin Hollow Project is scheduled to commence this quarter.

A plan map and cross section for the South deposit will be available at www.nevadacopper.com later today. Drill results announced here represent true thicknesses.



SOUTH DEPOSIT - Open Pit: Assays greater than 0.3% Cu
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True
From To Length Length Length Copper Gold Silver Fe
Drill Hole # (m) (m) (m) (ft) (m) (%) (g/t) (g/t) (%)
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NC08-10,
-70 degrees 57.9 73.1 15.2 50 15.2 0.487 0.051 0.6 17.4
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NC08-11,
-70 degrees 78.0 103.6 25.6 84.0 25.6 0.598 0.078 1.0 11.5
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Including 190.3 206.3 15.9 56 15.9 0.005 -0.002 0.1 44.5
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NC08-16 129.5 182.9 53.4 175 48.4 0.629 0.098 3.2 9.7
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Including 147.8 164.6 16.8 55 15.2 1.098 0.163 5.3 11.1
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256.1 341.4 85.3 280 77.3 0.558 0.085 4.8 15.8
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Including 285.8 292.7 6.9 22.5 6.3 1.872 0.221 15.5 19.3
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Including 331.6 341.3 9.7 32 8.8 1.132 0.158 9.2 13.3
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NC08-19 118.9 131.1 12.2 40 11.1 0.376 0.162 1.1 11.8
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248.4 263.0 14.6 48 13.2 1.205 0.139 1.6 10.4
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297.2 306.4 9.2 30.4 8.3 0.391 0.054 2.3 38.7
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343.8 349.9 6.1 20 5.5 0.389 0.050 3.1 38.4
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358.8 487.1 128.3 421 116.3 0.582 0.084 2.9 30.9
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Including 433.7 452.0 18.3 60 16.6 1.215 0.105 3.3 11.9
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Drill holes NC08-37 and 43 were drilled in the shallow open pittable Southeast Deposit. The Southeast deposit, although smaller then the massive North and South deposits is considered an excellent candidate for a starter pit due to the modest depth to mineralization. Drill hole NC08-43 was designed as an infill hole and intersected 48.8 meters (160 ft), 37.4 meters true thickness, averaging 0.39% copper and 35.9% iron. NC08-37 was drilled as a step-out hole to the southwest. The drill hole intersected 18.3 meters (60 ft), 14 meters true thickness, averaging 0.82% copper as well as thick zone of magnetite 93.0 meters (305 ft), 71.2 meters true thickness, averaging 40.3% iron. Additional drilling is planned to further test the extent of this mineralization.



SOUTHEAST DEPOSIT - Open Pit: Assays greater than 0.3% Cu
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True
From To Length Length Length Copper Gold Silver Fe
Drill Hole # (m) (m) (m) (ft) (m) (%) (g/t) (g/t) (%)
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NC08-37,
-75 degrees 146.3 239.3 93.0 305 71.2 0.322 0.068 1.6 40.3
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Including 149.4 157.0 7.6 25 5.8 0.448 0.061 0.1 41.3
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Including 221.0 239.3 18.3 60 14.0 0.822 0.109 0.1 36.6
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NC08-43,
-75 degrees 105.1 153.9 48.8 160.0 37.4 0.388 0.045 1.0 35.9
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In November of 2007, Nevada Copper reported a NI 43-101 compliant copper resource estimate for the South/Southeast Deposit, at a 0.2% cutoff, of: Measured resource of 9.4MM tons @ 0.46% copper, Indicated resource of 77.8 MM tons at 0.46% copper, and an additional Inferred resource of 75.9 MM tons @ 0.37% copper, resulting in a total contained copper resource of 1.4 billion pounds.

To date, 65 exploration, hydrologic, and geotechnical holes have been drilled in 2008 for a total of 25,000 meters. Drilling results from 18 holes have been reported to date with the balance currently being processed or awaiting assays. Further drill results will be released as they become available throughout the remainder of 2008 and prior to an updated resource estimate scheduled for release in January, 2009.

Nevada Copper will utilize Tetra Tech Inc. of Denver, Colorado, to update its National Instrument 43-101 compliant resource estimate. To expedite completion of the updated resource, the drilling program will be temporarily suspended at the end of October. Permitting, metallurgical, engineering and feasibility activities will continue as planned.

Other Business

Resulting from a period of unprecedented market turbulence in the capital markets Nevada Copper has reviewed its operations in detail over the last 30 days with a view of preserving treasury while still allowing for the systematic advancement of the Pumpkin Hollow Copper property on a basis that will reflect and capture the significant project developments achieved during the 2008 program. As a result of this detailed review Nevada Copper has accordingly reduced its expenditures on a basis that will ensure adequate treasury balances well into 2009.

The Pumpkin Hollow project is under the supervision of Gregory French, CPG #10708, a Qualified Person as defined in Canadian National Instrument 43-101, who is responsible for the preparation of the technical information in this news release. All assaying and whole rock geochemistry is processed at the American Assay Laboratories (AAL) in Reno, Nevada. Samples are delivered from the project core logging facility to AAL by Nevada Copper or AAL personnel. A Quality Assurance and Quality Control Assay Protocol have been implemented whereby blanks and standards are inserted into the assay stream and check samples are sent to Chemex-Reno and Inspectorate-Reno laboratories.

Nevada Copper has 40.6 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.

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