Drill Program Intersects Copper Mineralization In Pit Extension Zone

VANCOUVER - Nevada Copper Corp. reported results from the first two holes of its 2018 open pit diamond drill program, at the Company's 100%-owned, fully-permitted Pumpkin Hollow Project in Nevada. The previously announced program aims to expand the North Pit deposit and convert previously untested areas, historically classified as waste, to ore.

Both holes have encountered multiple zones of wide mineralization at shallow depth. Hole NC18-01, located in the previously undrilled Northern Extension Zone of the North Pit, intersected multiple zones of copper mineralization, including 42.7 meters true thickness averaging 2.05% copper. This mineralization is wider and of higher grade than adjacent holes and extends mineralization into areas previously classified as waste.

The first two holes encountered multiple zones of mineralization, including intersections that are both wider and higher grade than adjacent holes. Includes hole NC18-01, with zones such as 42.7 meters true thickness averaging 2.05% copper. Further drilling is ongoing in Northern Extension and Core Area Zones. Mineralization expanded at high-grade North Pit: Hole NC18-01 expands mineralization to the north into previously undrilled areas, and Hole NC18-02 has encountered multiple new zones of mineralization below the existing deposit. The Northern Extension Zone is currently classified as waste due to the absence of any prior drilling. The 2018 drill program aims to successfully convert waste to mineralization, which has the potential to reduce stripping costs and extend the ore body. Hole NC18-01 supports the thesis of converting material currently defined as waste to ore. Portions of the core area of the North Pit were previously classified as inferred resource due to wide drill spacing. The 2018 drill program also aims to successfully upgrade inferred mineralization to indicated category and above in order to enhance project economics. Hole NC18-02 supports the future ability to upgrade resource classification in certain zones.

The Northern Extension Zone covers a large area adjacent to existing North Pit mineralization. The Northern Extension Zone was not previously drilled due to the now completed land transfer process. As a result, this large area within the existing North Pit shell was classified as waste in previous technical studies. Subsequent geological analysis has shown the Northern Extension Zone to be a highly-prospective area. The 2018 drill program aims to add mineralization to the open pit deposit, which has the potential to further enhance open pit economics by reducing stripping costs and extending the ore body.

Matt Gili, President and Chief Executive Officer, commented, "We are pleased to see this successful start to the 2018 open pit drill program. These first holes both expand mineralization to the north and in the core of the North Pit, and are part of an ongoing drill program with the objective of extending mineralization and converting waste to ore in the open pit."