Nevada Copper Announces Exercise In Full – Closing Of Over-Allotment Option Under Public Unit Offering

YERINGTON, NV – Nevada Copper Corp. reported that the underwriters in the Company’s previously-announced public offering of units of the Company elected to exercise their over-allotment option in full to purchase additional Units (the “Over-Allotment Option”). The Over-Allotment Option closed today and resulted in an aggregate of 23,790,000 Units being issued. Including the proceeds from the Over-Allotment Option, an aggregate of 667,503,553 Units were issued in the Offering.

Each Unit consists of one common share of Nevada Copper (a “Common Share”) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant a “Warrant”) of Nevada Copper. Each full Warrant entitles the holder thereof to purchase one Common Share.