Northern Peru Copper Corp.

Northern Peru Copper Corp.

April 26, 2007 16:26 ET

Northern Peru Announces C$16.8 million Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 26, 2007) -


Northern Peru Copper Corp. ("NOC" or the "Company") (TSX:NOC) has entered into an agreement with a syndicate of underwriters led by Raymond James Ltd. and including Salman Partners Inc. and Canaccord Adams under which the underwriters have agreed to buy 2,000,000 common shares from NOC at an issue price of $8.40 per common share, representing an aggregate offering of $16,800,000. A 6% commission will be payable in respect of the private placement. The shares issued will have a four month hold period and the transaction is subject to regulatory approval. Closing is expected on or about May 15, 2007.

The proceeds from the financing will be used to repay a short term debt facility, to fund recent agreements to acquire additional mineral rights, and for working capital purposes including costs associated with the bankable feasibility study in progress on the Company's Galeno copper/gold/silver/molybdenum project. The Company's strategic review process initiated in February with its financial advisor, Genuity Capital Markets, remains ongoing.

The Offering is being made in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario, and is subject to the approval of regulatory authorities. The securities offered have not been 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.


Marshall Koval, CEO & President

CAUTION REGARDING FORWARD-LOOKING STATEMENTS: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts that address future production or resource potential, exploration drilling, exploitation activities and events or developments that Northern Peru expects to occur, 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 fluctuations in commodity prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this (website or press release or relevant disclosure document), such as "measured resources", "indicated resources", and "inferred resources", that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form File No. 20F, which may be secured from us, or from the SEC's website at

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