Nevada Copper Intersects 180 Feet of 1.59% Copper

Nevada Copper Corp. (TSX: NCU) ("Nevada Copper") is pleased to announce further positive drill results at the 100% owned Pumpkin Hollow Property located in Nevada. The hole reported below represents the latest assay results from the geotechnical drilling program. Currently one drill rig is finishing the geotechnical program and will join the second rig which has already started the 20,000 meter resource step-out and expansion drilling program proposed for 2011.

Assay results have been received from drill hole NC10-GT-07 and, in addition to collecting geotechnical data within the development areas of the East Deposit, NC10-GT-07 was successful in confirming the continuity of high grade mineralization. Drill hole NC10-GT-07 intersected 180.0 feet (54.9 meters) averaging 1.59% copper and 0.261 grams gold and 3.6 grams silver.

Hudbay minerals announces agreement to acquire Norsemont Mining

HUDBAY'S COMBINED ANNUAL COPPER PRODUCTION EXPECTED TO INCREASE BY APPROXIMATELY 145% FROM 2011 LEVELS

Editors Note: All amounts listed are in Canadian dollars unless otherwise indicated

Highlights
-- Norsemont shareholders will receive 0.2617 HudBay shares and $0.001 in cash, or $4.50 in cash, subject to a maximum aggregate cash consideration of $130 million.

-- HudBay's offer represents a premium of 33%((1)), based on the volume weighted average trading prices of HudBay and Norsemont on the TSX for the 20 trading days ended January 7, 2011 of $17.76 and $3.49, respectively.

Lumina Intersects 244 Meters Grading 1.36% Copper Equivalent, Including 102 Meters Grading 1.99% Copper Equivalent at Taca Taca-Announces Significant Expansion of Drill Program

Lumina Copper Corp. (TSX VENTURE: LCC) (the "Company") is pleased to announce the results of three of the first four holes drilled as part of its 2010 drilling program at its 100% owned Taca Taca copper/molybdenum/gold deposit located in Salta province, Argentina. The results are highlighted by hole TTBJ01-10 that intersected 244 meters grading 0.77% copper, 0.17g/t gold and 0.033% molybdenum (1.36% copper equivalent(1)) including 102 meters grading 1.31% copper, 0.19 g/t gold and 0.038% molybdenum (1.99% copper equivalent(1)).

These results, in conjunction with previous drilling completed by Rio Tinto in 2008, suggest that a previously unknown zone of higher grade mineralization may be emerging within the existing mineral resource. This zone is open to the north. To date, 3,353 meters of drilling has been completed with the drill rig currently drilling the fifth hole of the program. The drill program has yet to identify a deeper higher grade copper target.

ArcelorMittal Extends Offer for 100% of Baffinland Until 11:59 P.M. on January 10, 2011

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Baffinland Iron Mines Corporation (TSX:BIM) (the "Company") announced today that it has received notice by way of press release that ArcelorMittal has extended its offer being made to holders of the Company's Common Shares and 2007 Warrants. Under the ArcelorMittal Offer, holders of Common Shares will receive C$1.25 in cash per share and holders of 2007 Warrants will receive C$0.10 in cash per warrant. The ArcelorMittal Offer has been extended until 11:59 p.m. (Toronto time) on January 10, 2011, unless further extended or withdrawn.