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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 -. May, 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 - May, 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. 2

  3. Corporate Highlights Stock Symbol:…..............................TSX: NCU Shares Outstanding:.……..….........39.4 Million Fully Diluted:………………………...49.7 Million* *Options - 3.6 million @ $1.24 / Warrants – 6.7 million @ $2.08 Cash, May 1, 2008:……..…….....C$ 7.5 Million Cash on exercise:.……………....C$18.4 Million Market Cap/Cu Resource lb:…..C$0.011 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. Significant Potential to Expand Resource. Discovery Potential on Increased Land Position Premier Permitting Site with Excellent Infrastructure. Positive Preliminary Economic Assessment - March 2008. Advanced Stage - Commence Feasibility Study in 2008. Creation of a Mid-Tier, Well Managed Copper Company. 4

  5. Directors Giulio Bonifacio Director, President & CEO Joe Kircher Director, Vice President & COO Brian Kirwin Director, Non Executive Chairman Paul Matysek Director Joseph Giuffre Director Foster Wilson Director

  6. Technical Team Joe Kircher - Vice President, COO & Director Greg French - Project Manager World Class 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 6

  7. Location Map 7

  8. Land Position Yerington Pumpkin Hollow Property – 21 sq. Miles 8

  9. 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. 9

  10. Tertiary volcanics Cretaceous quartz monzonite Jurassic Yerrington Batholith Triassic-Jurassic Sedimentary & metavolcanic rocks Yerrington N District Geology 95 McArthur Deposit 29 Mt @0.2% Cu (162 million lbs. Cu Bear Deposit 500 Mt @0.4% Cu (4.4 billion lbs. Cu) Ann Mason Deposit 810 Mt @??? (7.1 billion lbs. Cu) Yerington Pit Produced 165 Mt @0.54% Cu (1.9 billion lbs. Cu) 95 Blue Jay Mine Ludwig District Produced ~700,000 tons 3-5% Cu Mason District Pumpkin Copper 780 Mt @0.50% Cu (7.9) Billion lbs. Cu 2000 meters 4000 feet

  11. 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. 11

  12. Core Processing Facility 12

  13. Nevada Copper History Acquired Project in 2005, Copper Price $1.40 per lb. Aug.’2006 Resource Estimate - 6.1 Billion Pounds of Copper. 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. Nov.’2007 Updated Resource - 7.9 Billion Pounds of Copper. Mar.’2008 – Positive Preliminary Assessment/Scoping. 13

  14. 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 14

  15. 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. 15

  16. 2006 vs. 2007 Cu 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 HIGHLIGHTS: • 32% Increase in Copper Grade • 44% Increase in Measured and Indicated Copper Resource • 28% Overall Increase in Contained Copper 16

  17. 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 HIGHLIGHTS: • 7.9 Billion Pounds of 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

  18. 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. 18

  19. 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 19

  20. 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. 20

  21. Resource - 3D 21

  22. 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 22 44,000 N 62,000 E

  23. 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 Magnetic 56,000 N North Deposit Northwest Magnetic 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 23 44,000 N 62,000 E

  24. 2008 DRILL PROGRAM STARTED IN JANUARY

  25. Premier Development Site Pumpkin Hollow Site 25

  26. Ideal Development Site Yerington - Full Services R&R 10 Miles Paved Road 98% of the Resource on Private Ground Power line Mining Friendly Nevada 26

  27. Site Layout - Conceptual Concentrator Dewatered Tailings Overburden Repository 27

  28. Mine Profile Integrated open pit and underground operation. Throughput, 60,000/tpd, 88% open pit, 12% underground. Single copper concentrator, conventional floatation circuit. Producing an Average of 95,000 tons of copper per year. Gold, silver and iron by- products Mine life 20-30 years. 28

  29. 52,500 tons per day Truck and Shovel Mining Avg. 2.9:1 waste/ore Ratio 432,000,000 tons Ore Cu equiv. Grade 0.62% $0.99/ton Mining Cost* $4.96/ton Milling Cost 24 Year Mine Life 7,500 tons per day Bulk Long-hole Mining Shaft Access 28,000,000 tons Ore Cu equiv. Grade 1.82% $17/ton Mining Cost* $4.96/ton Milling Cost 14 Year Mine Life Operating Characteristics Open Pit Underground * Includes dewatering cost 29

  30. Open Pit Excavations South Deposit North Deposit

  31. Underground – East & E-2 31

  32. Preliminary Economics Financial highlights: • Recoveries: 89% Cu; 70% Au; 68% Ag; 81% Fe • Base Case: Operating Cost of $1.02/lb, net of by-product credits • Alternative Case – No Iron: Operating Cost of $ 1.29/lb, net of by-product credits 32

  33. Underground Only • 7,500 ton per day mine. • Capital: $270 Million / Incl. Working Capital & Contingency • 14 Year Mine Life / Payback 4.5 Years • 19% IRR & $220 Million NPV @8% / $415 Million NPV @ $3.00 Cu. • Significant upside in Grade and tonnage to be tested in 2008.

  34. 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 34

  35. 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 35

  36. Value Drivers/ Upside • Shallow Open Pit Deposit Extensions in the North, South and Southeast. • Deposit Extensions in the high grade East and E2 extending mine life and improving Year 1-5 grade. • Iron Deposit Expansion and Detailed Evaluation. • Grade Increase’s in all Deposits with additional Infill and Step-out Drilling. • Gold, Silver and Moly Additions from Re-Assay Program. • Green Fields “DISCOVERY” Potential Is Huge.

  37. Preliminary Project Timeline 37

  38. Market Catalysts • 2008 Results Oriented Aggressive Drilling Program - In-Fill, Step Out & Exploration. • Assay Program - Continue Historic Drill Hole assaying program for copper, gold, silver & Moly (Completed 5,300 Meters/ 85 Drill Holes). • Steady News Flow - 2008 Drilling Results/ Other. • Commence Bankable Feasibility Study in 2008. • Updated Resource - Late 2008. 38

  39. Industry Average Market Cap Per Pound of Measured and Indicated Resource Cdn.$/lb Nevada Copper Market Cap Per Pound of Measured, Indicated and Inferred Resource Cdn.$/lb Nevada Copper Source: Bloomberg, company reports and CIBC World Markets Inc.

  40. Norsemont *** 4.5 Augusta Resources* 3.9 Northern Peru ** 3.9 Global ** Peru Copper** 3.4 3.4 1.1 Nevada Copper*** Average 3.8 Peer Group Comparables Market Value per pound of Copper in situ (Cents per lb) * Feasibility / ** Acquired / *** Scoping/PEA • Peer Group Average: 3.8 cents per pound Copper • Industry Average: Plus 5 cents per pound Copper 40

  41. Deposit Geology Section The following pages present cross sections, photos and 3 D Models of the: East, E-2 and North Deposits. 41

  42. 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 42

  43. East Deposit View East Deposit E-2 Deposit South Deposit Looking East 43

  44. East & E2 Resource – 3D 44

  45. 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 45

  46. East Section - 54600N SECTION 54600N 5800 feet EAST 3500 feet EAST E2 SECTION 49600N 46

  47. East Section – 53400N SECTION 53400N SECTION 49600N 47

  48. 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 48

  49. E-2 Section – 49600N 5800 feet 3500 feet East E2 SECTION 49600N E2 49

  50. 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’ 50

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