Nevada Copper Closes $65 Million Bought Deal Financing

Nevada Copper Corp. ("Nevada Copper" or the "Company") (TSX:NCU) is pleased to announce that it has closed its previously announced Cdn.$65 million bought deal equity financing (the "Financing"). A syndicate of underwriters, led by Canaccord Genuity Corp. and Scotia Capital Inc., and including GMP Securities L.P., Cormark Securities Inc., Macquarie Capital Markets Canada Ltd., Paradigm Capital Inc., Desjardins Securities Inc. and M Partners Inc., (collectively, the "Underwriters"), purchased an aggregate of 12,050,000 common shares of the Company at a purchase price of Cdn.$5.40 per share.

The Underwriters were granted an over-allotment option, which is exercisable in whole or in part until 30 days after the closing of the Financing, to purchase up to an additional 1,807,500 common shares of the Company at a purchase price of Cdn.$5.40 per share.

The net proceeds from the Financing will be used primarily to fund underground access, development and exploration of its Pumpkin Hollow deposit located in Nevada.

Mr. Bonifacio, President and CEO of Nevada Copper commented: "We are extremely pleased with the interest shown in the financing considering the overall context of the market. Our current cash balance of $80 million allows us to commence our underground access program and development of the high-grade eastern deposits and continue with our ongoing drilling program which continues to expand our current resource."

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, or under any applicable securities laws of any state of the United States and may not be offered or sold in the United States absent registration thereunder or pursuant to an applicable exemption from such registration requirements. This press release does 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 jurisdiction in which such offer, solicitation or sale would be unlawful.

For additional information about Nevada Copper please visit our website at www.nevadacopper.com.

NEVADA COPPER CORP.

Giulio T. Bonifacio, President & CEO

We seek safe harbour.

SOURCE: Nevada Copper Corp.

Nevada Copper Corp. Eugene Toffolo Corporate Communications 604-683-8266 or Toll free: 1-877-648-8266 This email address is being protected from spambots. You need JavaScript enabled to view it. Nevada Copper Corp. Robert McKnight, P.Eng. Executive Vice President 604-683-1309 This email address is being protected from spambots. You need JavaScript enabled to view it. www.nevadacopper.com