Ms. Tracey Thom reports

NEVADA COPPER PROVIDES UPDATE ON CHAPTER 11 BANKRUPTCY PROCESS AND MANAGEMENT APPOINTMENTS

Nevada Copper Corp. has provided an update on its Chapter 11 bankruptcy process and management appointments.

The company has received orders from the Bankruptcy Court of the District of Nevada, including interim approval of its debtor-in-possession financing, through which the company has been authorized to proceed with an initial borrowing of $20-million (U.S.) under its previously announced $60-million (U.S.) debtor-in-possession financing commitment. This borrowing will finance the company's care and maintenance and other requirements during the Chapter 11 process. The company intends to seek a final order approving the rest of the borrowing to provide it with liquidity for the balance of the restructuring period. The company also received approval to continue wages and benefit programs for its employees during the bankruptcy process.

During the restructuring period, the company intends to pursue a sale process and has retained Moelis & Company LLC to assist with the process.

Nevada Copper is pleased to announce that its board of directors has appointed Gregory Martin as interim president and chief executive officer and Matthew Anderson as interim chief financial officer. Mr. Martin and Mr. Anderson previously served as executive vice-president and chief financial officer, and vice-president, finance, for Nevada Copper, respectively.

The company notes that it is under delisting review by the Toronto Stock Exchange, and its shares currently remain halted from trading on the exchange.

About Nevada Copper Corp.

Nevada Copper is the owner of the Pumpkin Hollow copper project located in Nevada, United States, with substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility and a large-scale open-pit prefeasibility-study-stage project.

We seek Safe Harbor.