Nevada Copper Corp.

Nevada Copper Corp.

December 12, 2006 12:25 ET

Nevada Copper Mobilizes Second Drill

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 12, 2006) - Nevada Copper Corp. (TSX VENTURE:NCU) ("Nevada Copper") reports the addition of a second drilling rig at the 100% owned Pumpkin Hollow Copper Development Property in Nevada. The drilling rigs are operating around the clock to complete the current 12,000 meter drilling program. Drilling will include 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 in areas where the deposits are open. Results from the drilling will be released as soon as they are available.

Along with the drilling, Nevada Copper is collecting baseline data including metallurgical, hydrological and geotechnical data to support the feasibility study planned for 2007 and future mine permitting. Nevada Copper has retained specialized firms with "best in class" qualifications to support these efforts, including Golder Associates for geotechnical services and Water Management Consultants for their hydrological expertise.

In June 2006, a National Instrument 43-101 compliant resource estimate for Pumpkin Hollow was completed. 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, as previously announced.

Within these large resources is a very significant high grade copper resource. Using a 0.75% copper cutoff grade, the measured and indicated resources contain 700 million pounds of copper in 25 million tons of material grading 1.4% copper and, in addition, the inferred resource contains 500 million pounds of copper within 17 million tons grading 1.5% copper.

Nevada Copper is developing the Pumpkin Hollow copper-iron property, and has embarked on a systematic fast-track program to develop Pumpkin Hollow into Nevada's next copper mine. Nevada Copper is also exploring this large property, located in the prolific Walker Lane mineralized trend of Nevada. Several geophysical anomalies on Nevada Copper's property remain to be tested and have the potential to meaningfully expand the resource base.

Nevada Copper Corp. has 27.0 million shares outstanding and is well financed with no debt. For additional information about Nevada Copper please visit our website at


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

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

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