Positive Feasibility Study Results At Pumpkin Hollow 

VANCOUVER, BC - Nevada Copper Corp. reported the results of its definitive Feasibility Study for its 100% owned Pumpkin Hollow Copper Project located in Yerington, Nevada. The Feasibility Study was prepared under the direction of Tetra Tech, Inc. with substantial input from Merit Consultants International Inc., which compiled and reviewed the initial capital cost estimate. The Feasibility Study, with capital costs defined to within plus/minus 15%, builds upon two previous Preliminary Economic Assessments prepared by Tetra Tech, and significant metallurgical and geotechnical work completed in 2010 and 2011. The Feasibility Study confirms the technical and financial viability of constructing and operating a 67,500 ton-per-day copper mining and processing operation at Pumpkin Hollow.

"The completion of the definitive Feasibility Study is a significant milestone in Nevada Copper's development," said Giulio Bonifacio, President & CEO. "We are extremely pleased with the results as it further validates our expectations for the project while providing independent confirmation that the Pumpkin Hollow project will support a low-risk, and economically robust, copper mine with an initial mine life of 18 years. The Board of Directors has approved a positive production decision, subject to completion of project financing arrangements and receipt of required permits.

"Additionally, the Feasibility Study will be updated by mid-2012 to incorporate the benefits of magnetite recovery and sales from the iron magnetite resource. If the iron values are incorporated into the future mining plans, the size and tonnage of the North and South open pit deposits are expected to increase significantly while lowering the waste tonnage and strip ratio. Also, since late 2010 drilling has demonstrated extensions to the mineralized zones in the North and South deposits and these extensions will be incorporated into an updated mineral resource, mineral reserve and related mining plans. The dual benefits of the iron resource and results from the current 50,000 meter drilling program are expected to have a further positive impact.

The company's address is Suite 1238, 200 Granville Street, Vancouver, BC V6C 1S4, (604) 683-8992, fax: (604) 681-0122, email: [email protected].