Northern Peru Copper Corp.
TSX : NOC

Northern Peru Copper Corp.

November 18, 2005 08:30 ET

Northern Peru Copper Cuts the Best Hole to Date at the Galeno Property-306m @ 0.91% Copper '1.03% Copper Equivalent' at Galeno

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 18, 2005) - Northern Peru Copper Corp. (TSX:NOC) announces continuing excellent drill results from its Phase 2 drilling program at the Galeno copper-gold-molybdenum project in northern Peru including the best hole drilled to date in the current 15,000m drill program.

The latest four holes exemplify the high grades and outstanding continuity of mineralization that continues to be encountered at Galeno. Results are highlighted by GND-05-16 that returned 306 meters grading 0.91% copper, 0.09 g/t gold, and 0.011% molybdenum (1.03% copper equivalent), including 248 meters grading 1.00% copper, 0.10 g/t gold and 0.012% molybdenum (1.13% copper equivalent). Holes GND-05-16 and 15 are step-out holes to the north of the high grade core of the deposit approximately 420m apart. An area approximately 250m wide between these holes was not drilled by previous operators and this zone will be targeted in ongoing drilling. In addition, hole GND-05-17 expanded the southern flank of the deposit to depth and hole GND-05-14 extended higher grade mineralization on its eastern margin.

Marshall Koval, President & CEO, said: "The Galeno project continues to go from strength to strength and step-out hole GND-05-16 has returned the best results of the project to date. These results underline the potential that the known deposit has to grow in tonnage and increase in grade while tremendous upside in peripheral exploration targets remains to be drill tested."

The new results comprise four core holes and are listed below. Hole locations are shown on the attached map along with a complete listing of previously released drill results.



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Cu(i)
From To Interval Cu Au Mo Equivalent
Hole No. meters meters meters % g/t % %
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GND-05-14 16.0 150.0 134.0 0.60 0.16 0.028 0.86
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16.0 56.0 40.0 0.72 0.15 0.029 0.98
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GND-05-15 2.0 274.0 272.0 0.50 0.05 0.014 0.61
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2.0 190.0 188.0 0.52 0.05 0.014 0.63
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GND-05-16 2.0 308.0 306.0 0.91 0.09 0.011 1.03
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4.0 252.0 248.0 1.00 0.10 0.012 1.13
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GND-05-17 52.0 342.0 290.0 0.53 0.16 0.010 0.69
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120.0 260.0 140.0 0.61 0.21 0.012 0.80
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(i) Copper equivalent calculated using US$1.00/lb Cu, US$400/oz Au
and US$6.00/lb Mo and is not adjusted for metallurgical recoveries as
these remain uncertain. The formula used is as follows:
CuEQ equals Cu% + (Au g/t x 12.86 / 22.05) + Mo% x 132.28 / 22.05)


Drilling at Galeno is continuing with two drill rigs. To date 34 holes comprising approximately 13,000 meters of drilling has been completed within the current program of 15,000 meters. Additional results will be announced as they are received.

Marshall Koval, P.Geo, is the Qualified Person as defined by National Instrument 43-101 for the Galeno Project. Brent Hendrickson, a geologist with over 25 years of experience is supervising the quality control and quality assurance program on site. Logging and sampling are completed in Northern Peru's secure facility located at the project. The drill cores are mechanically split on site and samples are transported to the Acme Analytical Laboratories facility in Lima for sample preparation with analysis done at their facility in Vancouver B.C. Northern Peru inserts standards, blanks and duplicates selected on a random basis into the sample stream and sends 5% of the sample pulps to check laboratories in Vancouver.

Plan view of Galeno showing location of historical (circles) and new drilling (stars). (Grade boundaries are those defined previously by North Ltd.) To view the map please click on the following link: http://www.ccnmatthews.com/docs/nocmap.jpg

Complete listing of previously released drill intercepts.



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Cu(i)
From To Interval Cu Au Mo Equivalent
Hole No. meters Meters meters % g/t % %
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GND-05-01 12.00 178.00 166.00 0.63 0.12 0.025 0.85
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GND-05-02 30.00 236.00 206.00 0.78 0.20 0.010 0.96
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including 30.00 108.00 78.00 1.05 0.24 0.013 1.27
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GND-05-03 4.00 336.00 332.00 0.68 0.20 0.022 0.93
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including 140.00 194.00 54.00 1.25 0.18 0.020 1.47
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GND-05-04 48.00 314.00 266.00 0.71 0.18 0.027 0.98
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including 48.00 98.00 50.00 0.82 0.25 0.024 1.11
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GND-05-05 0.00 324.00 324.00 0.74 0.14 0.010 0.88
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including 2.00 116.00 114.00 1.00 0.12 0.010 1.13
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GND-05-06 2.00 318.00 316.00 0.72 0.08 0.018 0.87
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including 75.00 182.00 107.00 1.02 0.10 0.017 1.18
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GND-05-07 4.00 216.00 212.00 0.56 0.10 0.018 0.73
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including 4.00 78.00 74.00 0.77 0.06 0.018 0.91
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GND-05-08 9.00 400.00 391.00 0.62 0.08 0.016 0.76
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including 12.00 188.00 176.00 0.80 0.12 0.019 0.98
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GND-05-09 10.00 168.00 158.00 0.62 0.08 0.021 0.79
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including 16.00 66.00 50.00 0.86 0.06 0.024 1.04
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GND-05-10 16.00 106.00 90.00 0.49 0.20 0.003 0.62
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GND-05-11 14.00 424.00 410.00 0.50 0.08 0.025 0.70
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Including 18.00 150.00 132.00 0.69 0.13 0.031 0.95
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GND-05-12 0.00 330.00 330.00 0.84 0.19 0.020 1.07
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including 0.00 210.00 210.00 1.02 0.23 0.020 1.28
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GND-05-13 0.00 314.00 314.00 0.90 0.19 0.008 1.06
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including 4.00 158.00 154.00 1.12 0.29 0.005 1.32
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NORTHERN PERU COPPER CORP.

Marshall Koval, CEO & President

CAUTION REGARDING FORWARD-LOOKING STATEMENTS:

Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such forward-looking statements, including but not limited to those with respect to the price of copper, gold and molybdenum, the timing and amount of future production, metallurgical recoveries, costs of production, reserve and resource determination and reserve conversion rates, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating to the integration of acquisitions, risk relating to international operations, risks relating to joint-venture operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project and exploration parameters as plans continue to be refined, future prices of copper, gold and molybdenum, as well as those factors discussed in the section entitled "Risk Factors" in the Form 20-F as on file with the Securities and Exchange Commission in Washington, D.C. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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