Nevada Copper Corp.

Nevada Copper Corp.

November 23, 2006 11:30 ET

Nevada Copper Starts Drilling

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 23, 2006) - Nevada Copper Corp. (TSX VENTURE:NCU) ("Nevada Copper") is pleased to announce that it has recently started a 12,000 meter drilling program at its 100% owned Pumpkin Hollow Copper Development Property located in Nevada. Drilling will include in-fill and step-out holes designed to both upgrade the current resource classifications for purposes of the feasibility study planned for 2007 and to test for further resource expansion down dip and along strike in areas where the deposits remain open. This Cdn$2.5 million drilling program is planned in two phases of 6,000 meters each, to be drilled during the next 4-6 months. Results from the drilling will be released as they become available.

Concurrent with the drilling program, Nevada Copper has started collecting baseline data including metallurgical, hydrological and geotechnical data to support future mine permitting and the feasibility study planned for 2007.

Nevada Copper is a well-financed emerging copper company, responsibly developing the Pumpkin Hollow copper-iron property located in Western Nevada. In June 2006, a National Instrument 43-101 compliant resource estimate for the advanced-stage Pumpkin Hollow property was completed, as previously announced. 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.

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 has embarked on a systematic fast-track program to develop Pumpkin Hollow into Nevada's next copper mine. The current drilling program will support an updated resource estimate and economic feasibility study scheduled to commence in 2007. Nevada Copper continues exploring its large 11 square mile land position in and around Pumpkin Hollow, which is 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.

The qualified person who is responsible for the preparation of the technical information in this news release is Gregory French, CPG #10708, and a Qualified Person as defined in Canadian National Instrument 43-101.

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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