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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.

Nevada Copper Corp.

Developing the Pumpkin Hollow Copper Deposit

- Nevada’s Next Major Copper Mine -

January, 2008

TSX: NCU

1


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.


Corporate highlights
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


Investment highlights
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


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



Land Position

Yerington

Pumpkin Hollow

Property – 21 sq. Miles

7


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


Project history 1960 to 2001
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



Nevada copper history
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


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


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



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


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.


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


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


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


Premier Development Site

Pumpkin Hollow Site

20


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


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


Conceptual mine profile
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


Site Layout - Conceptual

24



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


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


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


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


Deposit Geology Section

The following pages present cross sections,

photos and 3 D Models of the:

East, E-2 and North Deposits.

30


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


East Deposit View

East Deposit

E-2 Deposit

South Deposit

Looking East

32



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


East Section - 54600N

SECTION 54600N

5800 feet

EAST

3500 feet

EAST

E2

SECTION 49600N

35


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


East Section – 53400N

SECTION 53400N

SECTION 49600N


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


E-2 Section – 49600N

5800 feet

3500 feet

East

E2

SECTION 49600N

E2

39


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’


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


North Deposit View

North Deposit

Looking North

42



North Section – 47700E

4500 feet

2000 feet

North

SECTION 47700E

44


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


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


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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