Positive Feasibility Study Results For Underground Mine

VANCOUVER - Nevada Copper Corp. (TSX:NCU) ("Nevada Copper") has filed its National Instrument 43-101 Technical Report Feasibility Study for its 100% owned Pumpkin Hollow Copper project located near Yerington, Nevada. The report is available at www.sedar.com. The Feasibility Study confirms the technical and financial viability of constructing and operating an underground Stage 1 mine development of the East deposit. The Feasibility Study builds upon two previous Preliminary Economic Assessments and a previous feasibility study published in February 2012, and was prepared by Tetra Tech.

The Feasibility Study confirms the technical and financial viability of constructing and operating an underground Stage 1 mine development of the East deposit, with ore hoisted to surface by way of a 24 foot diameter production shaft to an associated 6,500 ton per day processing facility. The mine development footprint is confined to patented private claims and requires only Nevada State permits - no Federal permits are required. These State permits are expected to be issued in early 2013.

Assuming Nevada Copper moves forward with a staged development approach, the Stage 1 underground operation will be followed by a Stage 2 development of the large open pit operation on the North and South deposits ("Western Deposits"). A separate feasibility study, due for release by early 2013, will optimize the feasibility study published in February 2012 and will consist of a larger combined open pit and underground mine development. This feasibility study will incorporate the recently-expanded mineral resources in the Western Deposits.