December 2, 2013 - Nevada Copper Corp. (TSX: NCU) ("Nevada Copper") (the "Company") is pleased to announce the appointment of two directors to its Board of Directors. Pursuant to the terms of their appointments, Mr. Daniel Dumas and Ms. Kate Mitchell have joined the Board of Directors effective immediately.
Appointments of New Directors
The Board of Directors will also nominate Mr. Dumas and Ms. Mitchell for election as directors at Nevada Copper's annual and special meeting of shareholders to be held on Monday, December 16, 2013. Accordingly, management of Nevada Copper will put before the meeting a resolution to fix the number of directors for the ensuing year at eight and will nominate Mr. Dumas and Ms. Mitchell for election as directors in addition to the six nominees named in the Corporation's management information circular dated November 8, 2013.
Management intends to vote in favour of such resolution and the election of such nominees in accordance with the discretionary authority conferred on management pursuant to any proxies submitted to Nevada Copper in connection with the meeting. A shareholder who has given a proxy may revoke it at any time before the proxy is exercised. Please see Nevada Copper's management information circular dated November 8, 2013 for further instructions.
Appointment of Non-Executive Chairman and Lead Director
Nevada Copper is pleased to announce that Jan Castro has been appointed as Non-Executive Chairman. Mr. Castro has been a director of Nevada Copper since November 2010 and is the Chief Executive Officer of Pala Investments.
Also, Nevada Copper is pleased to announce that Victor Bradley has been appointed as Lead Director of the Corporation. Mr. Bradley has been a director of Nevada Copper since February 2012 and is the Chairman of Osisko Mining Corp.
Mr. Bonifacio, President & CEO, commented, "On behalf of Nevada Copper's Board of Directors, we welcome Dan and Kate to our Board. Dan's mining experience and Kate's commercial and legal experience will be invaluable at our current stage as we continue to advance Pumpkin Hollow to production. We are also delighted with Jan assuming the role as Non-executive Chairman and Vic as our Lead Director. I look forward to working with Jan and Vic as we advance the corporate and strategic goals of the Company."
Daniel Dumas: Mr. Dumas is an industry leader with broad-based expertise in mining construction, engineering, finance, business development and has been involved with many publicly listed mining companies. He is the founder and CEO of Dumas Contracting Ltd., which he has led over the past 20 years to become a specialized international mining contractor. He has proven ability to quickly analyze key business drivers and develop strategies to grow the bottom line, a wealth of technical and project management experience, and strong acumen for tenders, pricing structures and contract language. He holds a Bachelor of Science and a Master of Science in Mining Engineering, is a graduate of the ICD-Rotman Directors Education Program through the University of Toronto, and is a licensed Professional Engineer.
Kate Mitchell: Ms. Mitchell serves as Assistant General Counsel of Pala Investments and has significant experience in corporate transactions and equity and debt financings. Prior to joining Pala Investments, Ms. Mitchell worked at Nyrstar NV, a global metals and mining company, where she completed a number of acquisitions, divestments and strategic redevelopment projects in Canada, Europe and Australia. Prior to this, Ms. Mitchell was in private practice at New York and London offices of Shearman & Sterling. She obtained a BA in Law with French from Nottingham University, is a qualified solicitor in England & Wales, and is also admitted to the New York Bar.
For additional information about Nevada Copper please visit our website at www.nevadacopper.com.
NEVADA COPPER CORP.
Giulio T. Bonifacio, President & CEO
This news release includes certain statements and information that may contain forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including the likelihood of commercial mining, securing as strategic partner, expanding the mineral resources and reserves and possible future financings are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning: Nevada Copper Corp. (the "Company") plans at the Pumpkin Hollow Project; the timing of granting of key permits; from the Feasibility Study: the estimated metal production and the timing thereof; capital and operating costs, future metal prices and cash flow estimates derived from the foregoing.
Forward-looking statements or information relate to future events and future performance and include statements regarding the expectations and beliefs of management and include, but are not limited to, statements with respect to the estimation of mineral resources and reserves, the realization of mineral resources and reserve estimates, the timing and amount of estimated future production, capital costs, costs of production, capital expenditures, success of mining operations, environmental risks and other mining related matters. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "potential", "is expected", "anticipated", "is targeted", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.
Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to: history of losses; requirements for additional capital; dilution; loss of its material properties; interest rates increase; global economy; no history of production; future metals price fluctuations, speculative nature of exploration activities; periodic interruptions to exploration, development and mining activities; environmental hazards and liability; industrial accidents; failure of processing and mining equipment to perform as expected; labor disputes; supply problems; uncertainty of production and cost estimates; the interpretation of drill results and the estimation of mineral resources and reserves; changes in project parameters as plans continue to be refined; possible variations in ore reserves, grade of mineralization or recovery rates may differ from what is indicated and the difference may be material; legal and regulatory proceedings and community actions; accidents, title matters; regulatory restrictions; permitting and licensing; volatility of the market price of Common Shares; insurance; competition; hedging activities; currency fluctuations; loss of key employees; other risks of the mining industry as well as those factors discussed in the section entitled "Risk Factors" in the Company's Annual Information Form dated September 19, 2013. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law, and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that could cause results not to be as anticipated, estimated or intended. For more information on Nevada Copper and the risks and challenges of its business, investors should review Nevada Copper's annual filings that are available at www.sedar.com.
The Company provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
For further information call:
VP, Investor Relations & Communications
Toll free: 1-877-648-8266
Giulio T. Bonifacio
President & Chief Executive Officer