January 10, 2011 - Nevada Copper Corp. (TSX: NCU) (“Nevada Copper”) Nevada Copper is pleased to announce a key addition to its management team. Mr. Timothy M. Dyhr has been appointed as Vice President, Environment & External Relations. Mr. Dyhr has 35 years of worldwide experience in environmental management and mining. He has led multidisciplinary teams to successfully permit copper and gold mines in Nevada since 1983, and worked on mine projects in Arizona, California, Washington, Montana, Wyoming, Peru, Chile, Argentina, Australia, Africa, Turkey, China and Papua New Guinea. His experience includes environmental, regulatory, land and legal affairs; and government, media, NGO and public relations. He has worked as a mine site environmental manager, environmental consultant, natural resources manager, and group environmental manager for BHP Copper. Through his current work as a private contractor to Nevada Copper, he has been working on the Pumpkin Hollow Project for over three years and has a thorough understanding of the Project permitting requirements and timelines.
Mr. Dyhr will be responsible for directing all local, state and federal permitting efforts at Pumpkin Hollow and for liaison with project stakeholders including the State of Nevada., Lyon County and the local community. Initially, he will continue permitting efforts on advanced exploration that would develop access to the underground East and E2 deposits. These permits are expected by March of 2011
Giulio Bonifacio, President and CEO commented, “We are extremely pleased that an individual of Mr. Dyhr’s calibre has agreed to join Nevada Copper’s team. Tim will be invaluable in delivering key permits as Pumpkin Hollow advances towards completion of a Feasibility Study. Tim has developed tremendous expertise over the years and we look forward to his contributions as we move the Pumpkin Hollow project through feasibility, permitting and development. The Company will continue to add key operating personnel as progress at the project dictates.”
Mr. Dyhr commented, “I am excited to join the Nevada Copper management team to develop this exceptional project. I am intimately familiar with Pumpkin Hollow. Not only does the Project have an excellent mineral resource, it also has so many other positives, including a collaborative business and government community in Lyon County, Mason Valley and City of Yerington with a rich mining history. Pumpkin Hollow is also located in Nevada, where we are dealing with an experienced, mature and stable regulatory environment. The local community is poised with human resources capacity, public services, educational, business, commercial and housing resources and other well-established infrastructure needed for a major mine. Pumpkin Hollow will be great project for the Company and the community.”
About Nevada Copper
Nevada Copper has 58.6 million shares outstanding and is well funded with $26 million in cash and no debt. Nevada Copper is scheduled to release results from a Definitive Feasibility Study release by June, 2011 in addition to ongoing drilling result from its resource step-out and expansion drilling program.
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 that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although Nevada Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. Mineral resources that are not mineral reserves do not have demonstrated economic viability. 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.
For further information call:
Eugene Toffolo, Corporate Communications
Toll free: 1-877-648-8266