Nevada Copper provides financing update

Nevada Copper provides an update on its financing activities in connection with the ramp-up of its wholly owned Pumpkin Hollow Underground copper mine. As previously disclosed, the Company requires further funding in the near term to complete the commissioning and ramp-up of its underground mine and to continue operations. The Company has been in discussions with a third-party regarding a proposal for additional financing and a potential change of control transaction. While the exclusivity period relating thereto has lapsed, discussions are continuing. The Company is also in discussions with its key stakeholders to obtain funding and is seeking to enter into discussions with other parties in order to obtain funding and/or enter into a change of control transaction. There can be no assurance that any such discussions will progress or that any funding or transaction will be obtained or entered into.