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Nevada Copper Corp.

Nevada Copper Corp. Nevada Copper Corp. Developing the Pumpkin Hollow Copper Deposit - Nevada’s Next Major Copper Mine -. January, 2008. TSX: NCU. 1. Cautionary Note.

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Nevada Copper Corp.

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  1. Nevada Copper Corp. Nevada Copper Corp. Developing the Pumpkin Hollow Copper Deposit - Nevada’s Next Major Copper Mine - January, 2008 TSX: NCU 1

  2. Cautionary Note Certain statements contained in this presentation constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance of achievements of the Corporation to be materially different from actual future results and achievements expressed or implied by such forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements. This presentation describes “Measured”, “Indicated” and/or “Inferred” Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize them. “Inferred Resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic feasibility. It cannot be assumed that all or any part of any inferred resource will ever be upgraded to a higher category. Exploration is an inherently risky proposition and investors are advised that most exploration projects fail to identify economic resources. The Corporation has at present not confirmed the economic viability of any resources at the project.  The company plans drilling programs and studies with the objective of confirmation of Copper and Iron deposits and ultimately completing a feasibility study to demonstrate the economics of the resources.  Any historical estimates are not mineral reserves and do not have demonstrated economic viability and should not be relied upon.

  3. Corporate Highlights Stock Symbol:…..............................TSX: NCU Frankfurt: ZYT Shares Outstanding:.……..….........36.6 Million Fully Diluted:………………………...45.8 Million* *Options - 3.6 million @ $1.25 / Warrants – 5.6 million @ $1.75 Cash, January 15, 2008:.…..……...C$ 4.0 Million Cash on exercise:.……………........C$14.4 Million Market Cap/Cu Resource lb:……...C$0.013 Website:…………….…www.nevadacopper.com 3

  4. Investment Highlights 100% Owned Pumpkin Hollow, Located in Nevada. NI 43-101 Compliant Resource (Nov.’07): 7.9 Billion Pounds of Copper, 1.3 Million ounces of Gold, 57 million ounces of Silver and 144 million tons of Iron. ► Open Mineralization in Several Directions of Deposits. Significant Potential to Further Expand Resource. Premier Permitting Site with Excellent Infrastructure. Preliminary Economic Assessment/Scoping - March 2008. Advanced Stage - Commence Feasibility Study in early 2008. Creation of a Mid-Tier, Well Managed Copper Company. 4

  5. Nevada Copper Team Giulio T. Bonifacio - President, CEO & Director Joe Kircher - Vice President, COO & Director Joe Chan - Vice President, CFO Greg French - Project Manager Technical Team: • Tetra Tech – Resource Estimate, Open Pit & Preliminary Assessment • The Mines Group – Permitting & Environmental • Golder Associates – Geotechnical • Water Management – Hydrology • RDI – Metallurgy and Processing • Hazen Research – Metallurgical • Dynatec – Underground Mining • Harma Associates – Iron Processing and Marketing 5

  6. Location Map

  7. Land Position Yerington Pumpkin Hollow Property – 21 sq. Miles 7

  8. District Summary • 1.9 Billion pounds of copper produced at 0.54% Cu grade; Anaconda Copper Mine - 1953 to 1978. • 12 Billion pounds of copper found in other porphyry deposits in the district. • 7.9 Billion pounds of copper at Pumpkin Hollow; a high grade large skarn associated with the cluster of porphyry deposits. NCU holds a commanding land position in an exciting Copper District that hosts in excess of 20 Billion pounds of Copper. 8

  9. Project History - 1960 to 2001 Core Sheds Core Sheds 1970’s Drill Rigs Discovered 1960 by US Steel Corporation. Next 30 Years - Anaconda, Cyprus, Conoco, delineates large copper and iron resource. 590,000 feet (180,000 meters) of drilling, metallurgy, mining, economic studies completed. US$50 Million in estimated historical expenditures. 9

  10. Core Processing Facility 10

  11. Nevada Copper History Acquired Project in 2005, Copper Price ~ $1.40 per lb. 2006 Resource Calculated Based on Historic Database: 6.1 Billion Pounds of Copper NI 43-101 Compliant. Nevada Copper goes public on TSX Venture – August, 2006. Nevada Copper lists on Toronto Stock Exchange – August 2007. 2007 - Infill & Step-Out Drilling: (62,000 feet/19,000 Meters). Baseline Data Collection for Feasibility & Permitting Started in Q1 2007. 2007 Updated Resource (Nov.07) - 7.9 Billion Pounds of Copper. Preliminary Economic Assessment/Scoping nears Completion. 11

  12. 2007 Drilling Highlights • Increased drill program from 12,000 Meters to 19,000 Meters based on extremely successful in-fill and step out program. • East Deposit - Converted Inferred to Measured & Indicated, increased grade and added metal. • E2 - Converted Inferred to Measured & Indicated, increased grade. • North Deposit - Converted Inferred to Measured & Indicated, converted waste to ore, added strike and metal. • South Deposit - Confirmed shallow high grade Cu/Au deposit. 12

  13. The Copper Deposits Outline of Patented Claims (Note: Property extends off the map in all directions) EAST ZONE NORTH ZONE High Grade Underground Copper Deposits JK-34 ZONE Copper - Iron Open Pit Deposits SOUTH ZONE E-2 ZONE SOUTHEAST ZONE 0ft 2,000ft 3,000ft 13

  14. Pumpkin Resource – 3D

  15. 2006 vs. 2007 Resource NI 43-101 Compliant Estimate 2006 Measured Indicated & Inferred Copper CutoffTons (000)Cu (%)Cu(lbs/000) 0.20 % 766,084 0.40 6,147,300 0.30 % 415,989 0.53 4,437,093 0.75 % 42,056 1.43 1,198,833 2007 Measured Indicated & Inferred Copper CutoffTons (000)Cu (%)Cu (lbs/000) 0.20 % 780,899 0.50 7,874,513 0.30 % 458,547 0.69 6,324,491 0.75 % 115,668 1.37 3,168,487 15

  16. 2007 Resource Detail NI 43-101 Compliant Estimate (0.2% Copper Cutoff) 2006 Category Tons (000)Cu (%)Cu(lbs/000) Meas. & Ind. 312,063 0.44 2,751,700 Inferred 454,021 0.37 3,395,600 6.1 Billion Pounds of Contained Copper plus 75 million tons of Iron Magnetite. 2007 CategoryTons (000)Cu (%)Cu(lbs/000)Gold (Oz.)Silver (Oz.) Meas. & Ind. 342,735 0.58 3,967,688 635,000 26,643,000 Inferred 438,164 0.45 3,906,825 647,000 30,680,000 • 7.9 Billion Pounds of Contained Copper • 32% Increase in Copper Grade • 44% Increase in Measured and Indicated Copper Resource • 28% Overall Increase in Contained Copper • Added 1.3 Million Oz. of Gold and 57 million Oz. of Silver • 92% Increase in Iron to 144 Million Tons Prepared in Nov.’07 by Tetra Tech MM Inc., an Industry Leading International Engineering Firm.

  17. East and E2 Underground NI 43-101 Compliant Estimate 2007 Measured & Indicated Cu CutoffTons (000)Cu (%)Cu (lbs/000) Au Oz Ag Oz 0.75 % 41,592 1.46 1,214,000 167,000 5,106,000 1.00 % 26,108 1.81 947,000 128,000 3,562,000 1.40 % 13,555 2.41 653,000 83,000 2,125,000 2007 Inferred Cu CutoffTons (000)Cu (%)Cu(lbs/000) Au Oz Ag Oz 0.75 % 25,333 1.25 634,000 90,000 2,926,000 1.00 % 13,671 1.59 434,000 59,000 1,765,000 1.40 % 5,354 2.25 240,933 31,000 814,000 2006 vs. 2007 : At 0.75% cutoff M&I increased 303% to 1.2 billion pounds from 301 million pounds. In all categories increased 168% to 1.85 billion pounds from 690 million pounds. 17

  18. North & South Open Pit NI 43-101 Compliant Estimate 2007 Measured & Indicated Cu CutoffTons (000)Cu (%)Cu (lbs/000) Au Oz Ag Oz 0.20 % 161,964 0.51 1,666,216 278,000 12,211,000 0.30 % 104,228 0.68 1,430,626 224,000 8,953,000 0.40 % 75,357 0.82 1,231,800 186,000 7,065,000 2007 Inferred Cu CutoffTons (000)Cu (%)Cu(lbs/000) Au Oz Ag Oz 0.20 % 230,838 0.44 2,022,429 336,000 16,148,000 0.30% 116,338 0.63 1,460,355 230,000 11,892,000 0.40% 73,333 0.80 1,170,554 180,000 6,812,000 18

  19. 2007 Iron Resource NI 43-101 Compliant Estimate 2007 Measured & Indicated Iron CutoffTons (000)Iron (%)Tons (000)Cu % 10 % 191,008 27.8 53,154 0.28 20 % 119,755 35.9 42,956 0.31 30 % 76,235 42.2 32,152 0.31 Inferred Resources Iron CutoffTons (000)Iron (%)Tons (000)Cu % 10 % 465,337 19.6 91,363 0.23 20 % 135,144 34.1 46,097 0.37 30 % 74,474 42.1 31,349 0.44 Iron resources amenable to open-pit mining methods in the North and South Deposits. Metallurgical test-work has demonstrated amenability of generating marketable pellet feed. 1996: $ 28 per metric ton iron pellet feed. 2007: > $ 100 per metric ton iron pellet feed. 19

  20. Premier Development Site Pumpkin Hollow Site 20

  21. Premier Development Site RAIL - 10 Miles Pumpkin Hollow – 21 Sq. Mile Contiguous Land Position Paved Road 98% of the Resource on Patented Property Power line 21

  22. N S 5,000’ E-2 SERVICE SHAFT EAST PRODUCTION SHAFT EXHAUST VENT Alluvium Volcanics 4,000’ Sediments EAST DEPOSIT E-2 DEPOSIT ACCESS RAMP 3,000’ ORE PASS SERVICE & HAULAGE LEVEL CRUSHING & LOADING FACILITY ORE & WASTE PASSES ORE & WASTE PASSES OPEN 2,000’ Intrusives JK-34 ZONE (70 ft. 2.5%) East and E-2 Mine Plan Pre 2007 Modeling NC06-03 (55 ft @ 2%) 22

  23. Conceptual Mine Profile Integrated open pit and underground operation. Throughput, 35,000 to 60,000 tons per day. Single copper concentrator. Producing 85,000 to 120,000 tons copper per year. Mine life 20 to 30 years. Employees 200 to 300 23

  24. Site Layout - Conceptual 24

  25. Preliminary Project Timeline 25

  26. 62,000 E 56,000 N 52,000 N N 48,000 N 54,000 E 50,000 E 58,000 E Open Targets/ Step-out 56,000 N East Deposit North Deposit North down Dip Northeast Shallow KM-12 West East Extensions E91-1 Open Mineral Directions South Up-dip JK-34 52,000 N South Deposit North border E-2 Deposit 1500 FEET Southwest extension Sec 11 48,000 N Southeast Deposit 44,000 N 62,000 E

  27. 62,000 E 56,000 N 52,000 N N 48,000 N 54,000 E 50,000 E 58,000 E Exploration Targets East Ground Mag 56,000 N North Deposit Northwest Mag Anomaly East Deposit FG-20 Open Mineral Trends & Anomalies Between North & South JK-34 52,000 N South Deposit Southeast Strike & dip E-2 Deposit 1500 FEET E-2 -Section 11 48,000 N Southeast Deposit Sec 11 44,000 N 62,000 E

  28. Market Catalysts • 2008 Results Oriented Drilling Program -15,000 meter In-Fill, Step Out & Exploration. • Assay Program – Continue Historic Drill Hole assaying program for copper, gold & silver (Completed 5,300 Meters/85 Drill Holes) • Preliminary Economic Assessment/Scoping – March 2008 • Continue with baseline date collection: Metallurgical, Hydrological and Geotechnical programs to support permitting and a feasibility study. • Commence Bankable Feasibility Study – Early 2008 • Updated Resource – Late 2008 28

  29. New Gold * 10.3 Augusta Resources* 3.8 Chariot Resources* 3.3 Peru Copper** Northern Peru** 3.4 3.9 1.3 Nevada Copper*** Average 4.9 Peer Group Comparables Market Value per pound of Copper in situ ($C cents per lb) * Feasibility / ** Acquired / *** Represents Copper Value Only Market Comparables @ January 31, 2008 • Group Average: 4.9 cents Cu & equivalent • Industry Average: 5.6 cents Cu & equivalent(Haywood Securities) 6.1 cents Cu & equivalent (Canaccord Adams) 29

  30. Deposit Geology Section The following pages present cross sections, photos and 3 D Models of the: East, E-2 and North Deposits. 30

  31. Underground Deposits Outline of Patented Claims (Note: Property extends off the map in all directions) EAST ZONE NORTH ZONE High Grade Underground Copper Deposits JK-34 ZONE Copper - Iron Open Pit Deposits SOUTH ZONE E-2 ZONE SOUTHEAST ZONE 0ft 2,000ft 3,000ft 31

  32. East Deposit View East Deposit E-2 Deposit South Deposit Looking East 32

  33. East & E2 Resource – 3D 33

  34. OPEN NC07-21 54600N NC07-5 NC07-8 54200N N NC07-2 53400N NC07-14 East Deposit – Plan View EAST DEPOSIT 0ft 2000ft Patented property outline only Nov.’07 43-101 Resource: 50.8 Million tons @ 1.38% Copper @ 0.75% copper cutoff EAST DEPOSIT OPEN OPEN Nevada Copper drill holes Historic drill holes 400 FEET 34

  35. East Section - 54600N SECTION 54600N 5800 feet EAST 3500 feet EAST E2 SECTION 49600N 35

  36. Mesozoic 19’ 2.37% Cu East Section - 54600N NC07-21 NC07-5 EAST DEPOSIT 4800’ Section shortened for visual efficiency 4600’ 3800’ 40.5’ 4.08% Cu 10.5’ 5.0% Cu 5’ 2.58% Cu 0ft 2000ft Patented Property Outline only NC07 – 5 40.5 feet @ 4.08% Cu 10.5 feet @ 5.00% Cu 57.5 feet @ 3.34% Cu 9’ 4.74% Cu 3600’ 20’ 2.10% Cu HJ-11 39’ 2.59% Cu 2’ 2.03% Cu 6’ 2.38% Cu 57’ 2.33% Cu 15’ 2.24% Cu NC07 – 21 20 feet @ 2.10% Cu 87 feet @ 2.76% Cu 56 feet @ 4.34% Cu 6’ 2.89% Cu 5’ 2.03% Cu 3000’ 57.5’ 3.34% Cu 87’ 2.76% Cu J-11 Conglomerate Tertiary volcanics Limestone, Marble Hornfels Magnetite skarn Cal-silicate skarn Intrusive + 1% Cu + 2% Cu 19’ 2.37% Cu 3.5’ 2.3% Cu 56’ 4.34% Cu 8’ 4.59% Cu KM-12 2400’ JK-12 Trace of drill hole Intersected length of Mineralization in feet, %Cu 400 FEET Note: Assays <1% not plotted 36

  37. East Section – 53400N SECTION 53400N SECTION 49600N

  38. Mesozoic 19’ 2.37% Cu East Section - 53400N 55400E 57800E NC07-14 4800’ 4600’ 4000’ 3600’ 44’ 2.75% Cu 116.2’ 3.08% Cu Conglomerate Tertiary volcanics Limestone, Marble Hornfels Magnetite skarn Cal-silicate skarn Intrusive + 1% Cu + 2% Cu C-8 3000’ 36’ 5.04% Cu 28’ 3.89% Cu C-6 C-12 111’ 3.31% Cu 2400’ Trace of drill hole Intersected length of Mineralization in feet, %Cu Note: Assays <1% not plotted M-20 JK-19 1800’ 400 FEET KM-20

  39. E-2 Section – 49600N 5800 feet 3500 feet East E2 SECTION 49600N E2 39

  40. E-2 Section - 49600N 56000E 58000E NC07-23 4800’ C-11 4600’ 3800’ E-2 63’ 2.29% Cu KM-45 M-44 135’ 2.66% Cu 3200’ KM-44 Tertiary volcanics Limestone, Marble Hornfels Magnetite skarn Cal-silicate skarn Intrusive + 1% Cu + 2% Cu >0.3% Cu 115’ 4.45% Cu Mesozoic 2600’ 145’ 2.44% Cu 2000’ C-13 19’ 2.37% Cu Trace of drill hole Intersected length of Mineralization in feet, %Cu Note: Assays <1% not plotted 400 FEET 1800’

  41. Open Pit Deposits Outline of Patented Claims (Note: Property extends off the map in all directions) EAST ZONE NORTH ZONE High Grade Underground Copper Deposits JK-34 ZONE Copper - Iron Open Pit Deposits SOUTH ZONE E-2 ZONE SOUTHEAST ZONE 0ft 2,000ft 3,000ft 41

  42. North Deposit View North Deposit Looking North 42

  43. North Deposit – 3D 43

  44. North Section – 47700E 4500 feet 2000 feet North SECTION 47700E 44

  45. 54500N 54000N 53500N 53000N 52500N North 4800’ NC07-9 USS-79 99-7 99-6 USS-70 99-4 USS-46 24.9’ 3.38% Cu 99-2 USS-76 12.5’ 2.53% Cu 4000’ USS-95 99-3 42’ 2.49% Cu USS-41 109.9’ 3.22% Cu 3400’ 115.5’ 2.51% Cu 2800’ 400 FEET North Section - 47700E Tertiary volcanics Limestone, Marble Hornfels Magnetite skarn Cal-silicate skarn Intrusive + 1% Cu + 2% Cu >0.3% Cu Mesozoic 19’ 2.37% Cu Trace of drill hole Intersected length of Mineralization in feet, %Cu Note: Assays <1% not plotted

  46. 54500N 54500N 54000N 53500N 53000N 52500N North 4800’ USS-46 NC07-1 USS-96 USS-34 USS-56 USS-43 USS-88 99-1 4000’ USS-70 USS-76 USS-88 USS-48 3400’ 2800’ 400 FEET North Section - 47900E 342’ @ 2.03% Conglomerate Tertiary volcanics Limestone, Marble Hornfels Magnetite skarn Cal-silicate skarn Intrusive + 1% Cu + 2% Cu Mesozoic 19’ 2.37% Cu Trace of drill hole Intersected length of Mineralization in feet, %Cu Note: Assays <1% not plotted

  47. Nevada Copper Corp. Nevada Copper Corp. Developing the Pumpkin Hollow Copper Deposit - Nevada’s Next Major Copper Mine - January, 2008 TSX: NCU 47

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