US Copper Production Targeted for Q4, 2019

2017 News

April 28, 2017 - Nevada Copper Corp. (TSX: NCU) ("Nevada Copper" or "Company") is pleased to announce the results from its 2017 Annual and Special Meeting (the "Meeting"), held on Friday, April 28th in Vancouver, B.C. Shareholders holding a total of 57,983,165 common shares of the Company attended the meeting in person or were represented by proxy, representing 65.7% of the total 88,168,125 common shares of the Company outstanding as of the record date. Shareholders voted in favour of all items of business before the Meeting:

  1. Appointment of Auditor

    Smyth LLP was appointed as the Company's auditor and the directors were authorized to fix the auditor's remuneration.

  1. Determination of the Number of Directors

    The number of directors was determined at five.

  1. Election of Directors

    The following persons were elected as Directors of the Company until the next annual shareholder meeting of the Company, with the voting results shown below:

    DirectorVotes For% ForVotes Against% Against
    Giulio Bonifacio54,782,38398.181,014,4621.82
    Michael Brown54,777,43398.171,019,4121.83
    Raffaele (Lucio) Genovese55,679,37499.79117,4710.21
    Stephen Gill54,768,43398.161,028,4121.84
    Evgenij Iorich54,768,43398.161,028,4121.84

    Nevada Copper wishes to thank Mr. Myckatyn, who did not stand for re-election at the Meeting, for his knowledge and insight he provided the Company over the last year. We wish Mr. Myckatyn all the best in his future endeavours.

  1. Unallocated Options under the Company's Stock Option Plan

    An ordinary resolution to approve the unallocated options under the Company's Stock Option Plan was passed. The ordinary resolution was approved by the shareholders of the Company with the following results:

     Votes ForVotes AgainstTotal Shares Voted
    Shares Voted54,694,6721,102,17355,796,845
    %98.021.98100
  1. Conversion Right Under Convertible Loan Facility Amendment

    A ballot was conducted with respect to the ordinary resolution to approve the conversion right under the convertible loan facility amendment with Pala Investments Ltd. ("Pala"), as announced in the Company's news release of February 24, 2017. According to the ballots cast, the ordinary resolution was approved by the shareholders of the Company, other than Pala and its affiliates, with the following results:

    Disinterested Shareholder Vote Summary

     Votes ForVotes AgainstTotal Shares Voted
    Shares Voted15,321,575186,13215,507,707
    %98.801.20100
  1. Shares for Debt Transaction to Settle Deferred Share Unit ("DSU") Liabilities

    A ballot was conducted with respect to the ordinary resolution to approve the issuance of Common Shares in settlement of the DSU Liabilities. According to the ballots cast, the ordinary resolution was approved by the shareholders of the Company, other than the Former Directors and Mr. Myckatyn, with the following results:

    Disinterested Shareholder Vote Summary

     Votes ForVotes AgainstTotal Shares Voted
    Shares Voted55,695,763101,08255,796,845
    %99.820.18100

NEVADA COPPER CORP.

Giulio T. Bonifacio, President & CEO

For further information call:

Eugene Toffolo
VP, Investor Relations & Communications
Phone: 604-683-8266
Toll free: 1-877-648-8266
Email: etoffolo@nevadacopper.com
Robert McKnight, P.Eng., MBA
Executive Vice President & CFO
Phone 604-683-1309
Email: bmcknight@nevadacopper.com

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