Northern Peru Copper Corp.

Northern Peru Copper Corp.

April 11, 2006 08:30 ET

Northern Peru Initiates Prefeasibility Study for Galeno Copper-Gold-Molybdenum Deposit

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 11, 2006) - Northern Peru Copper Corp. (TSX:NOC) is pleased to announce that it has initiated a prefeasibility study and awarded contracts to engineering firms for the Galeno copper/gold/molybdenum project located in northern Peru adjacent to the Yanacocha gold mine, the largest gold mine in South America. The prefeasibility study, which will also include a NI 43-101 compliant Preliminary Economic Assessment, will be used to develop a project design for, and assess the economic viability of, a large scale copper flotation mining operation.

The completed prefeasibility study will include ore reserve estimation and corresponding mine design and production schedule, metallurgy, process and project infrastructure design, development of environmental management and permitting programs and the overall project capital and operating costs. The prefeasibility study will be completed in late 2006 with the preliminary economic assessment due by the end of June 2006. Project management for the study will be provided by MTB Project Management Professionals of Denver.

The following engineering firms have been contracted to complete the prefeasibility study:

- Resource Estimate & Mine Design Norwest Corporation (Denver)
- Process Engineering &
Infrastructure Samuel Engineering (Denver)
- Metallurgical Testing C.H. Plenge Laboratories (Lima)
- Geotechnical Design
(tailings & waste rock) Vector Engineering (Grass Valley)
- Environmental & Socioeconomic
Studies Montgomery, Watson, Harza (Lima)
- Capital & Operating Costs SRK Consulting (Denver)

Marshall Koval, President and CEO, said, "We continue to aggressively advance Galeno as we now enter the engineering phase of the project. The recently reported resource estimate demonstrates that Galeno has the potential to be a large economic deposit. The prefeasibility study will focus on defining a viable project and will take advantage of the near surface high grade zone which will form the basis of the starter pit in the early years of the mining operation."

The drilling program at Galeno is ongoing and focused on infill drilling to bring the inferred resources into the indicated category. In addition, the Company continues to evaluate and drill the adjacent Hilorico gold zone. A comprehensive metallurgical test work program is underway and results are expected in mid April.


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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