Nevada Copper Announces Director Appointment
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/14/10 -- Nevada Copper Corp. (TSX: NCU) ('Nevada Copper') The Board of Directors of Nevada Copper is pleased to announce the appointment of Michael Barton to its Board of Directors. The appointment follows the additional investment in Nevada Copper by Pala Investments Holdings Limited ('Pala'), as announced on October 7, 2010. As a result of its increased investment, Pala became Nevada Copper's largest shareholder, holding approximately 17% of Nevada Copper's currently outstanding shares.
Mr. Barton is currently Vice President of Pala Investments AG, the exclusive advisor to Pala Investments Holdings Limited. While at Pala Investments AG, he has been involved in many of Pala's largest transactions, including Pala's investments in Anatolia Minerals Development Corporation, Avoca Resources Limited, Dumas Contracting Limited and Norcast Wear Solutions. Previously, Mr. Barton was Vice President at Hatch Corporate Finance, a company specializing in providing corporate finance advisory services to the metals and mining industry. He currently serves on the boards of Titanium Resources Group Ltd. (AIM: TXR), Dumas Contracting Ltd., Norcast Wear Solutions Limited and New Birmingham Inc. Mr. Barton is a qualified chartered accountant and a member of the Securities and Investment Institute.
Mr. Giulio Bonifacio, President and CEO, commented, 'On behalf of Nevada Copper's Board of Directors, we welcome Mr. Barton to the Board. We view the addition of Mr. Barton to the Board and the additional investment by Pala as a positive endorsement of our Pumpkin Hollow copper development project. We believe, with Pala as a strategic financial partner, Pumpkin Hollow now has increased support to advance quickly to the development phase.'
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.
Contacts:
Nevada Copper Corp.
Eugene Toffolo
Corporate Communications
604-683-8266 or Toll free: 1-877-648-8266
etoffolo@nevadacopper.com
Nevada Copper Corp.
Giulio T. Bonifacio
President & CEO
604-699-0023
www.nevadacopper.com