Nevada Copper Corp. Nevada Copper Corp. Developing the Pumpkin Hollow Copper Deposit - Nevada’s Next Major Copper Mine TSX: NCU 1 April, 2008 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. 2 Corporate Highlights Stock Symbol:…..............................TSX: NCU Shares Outstanding:.……..….........37.0 Million Fully Diluted:………………………...45.8 Million* *Options - 3.6 million @ $1.25 / Warrants – 5.2 million @ $1.80 Cash, March 15, 2008:….…..……...C$ 3.0 Million Cash on exercise:.……………........C$13.8 Million Market Cap/Cu Resource lb:……...C$0.011 3 Investment Highlights 4 100% 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. Significant Potential to Expand Resource. Discovery Potential on Increased Land Position Premier Permitting Site with Excellent Infrastructure. Positive Preliminary Economic Assessment - March 2008. Advanced Stage - Commence Feasibility Study in 2008. Creation of a Mid-Tier, Well Managed Copper Company. Nevada Copper Team Giulio T. Bonifacio - President, CEO & Director Joe Kircher - Vice President, COO & Director Joe Chan - Vice President, CFO Greg French - Project Manager World Class Technical Team: 5 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 Location Map 6 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 District Geology 95 Tertiary volcanics McArthur Deposit 29 Mt @0.2% Cu (162 million lbs. Cu Cretaceous quartz monzonite Bear Deposit 500 Mt @0.4% Cu (4.4 billion lbs. Cu) Ann Mason Deposit 810 Mt @??? (7.1 billion lbs. Cu) Jurassic Yerrington Batholith Triassic-Jurassic Sedimentary & metavolcanic rocks Yerington Pit Produced 165 Mt @0.54% Cu (1.9 billion lbs. Cu) 95 Blue Jay Mine Yerrington Ludwig District Produced ~700,000 tons 3-5% Cu Mason District Pumpkin Copper 780 Mt @0.50% Cu (7.9) Billion lbs. Cu N 2000 meters 4000 feet 9 Project History - 1960 to 2001 Discovered 1960 by US Steel Corporation. Core Sheds 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. 10 Core Sheds 1970’s Drill Rigs Core Processing Facility 11 Nevada Copper History Acquired Project in 2005, Copper Price $1.40 per lb. Aug.’2006 Resource Estimate - 6.1 Billion Pounds of Copper. 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. Nov.’2007 Updated Resource - 7.9 Billion Pounds of Copper. Mar.’2008 – Positive Preliminary Assessment/Scoping. 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 13 2,000ft 3,000ft 2007 Drilling Highlights 14 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. 2006 vs. 2007 Cu Resource NI 43-101 Compliant Estimate 2006 Measured Indicated & Inferred Copper Cutoff Tons (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 Cutoff Tons (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 HIGHLIGHTS: 15 32% Increase in Copper Grade 44% Increase in Measured and Indicated Copper Resource 28% Overall Increase in Contained Copper 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 Category Tons (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 HIGHLIGHTS: 7.9 Billion Pounds of 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. 16 East and E2 Underground NI 43-101 Compliant Estimate 2007 Measured & Indicated Cu Cutoff Tons (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 Cutoff Tons (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 Cutoff Tons (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 Cutoff Tons (000) Cu (%) 18 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 2007 Iron Resource NI 43-101 Compliant Estimate 2007 Measured & Indicated Iron Cutoff 10 % 20 % 30 % Tons (000) 191,008 119,755 76,235 Iron (%) 27.8 35.9 42.2 Tons (000) 53,154 42,956 32,152 Cu % 0.28 0.31 0.31 Inferred Resources Iron Cutoff 10 % 20 % 30 % Tons (000) 465,337 135,144 74,474 Iron (%) 19.6 34.1 42.1 Tons (000) 91,363 46,097 31,349 Cu % 0.23 0.37 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 Resource - 3D 20 Open Targets/ Step-out 56,000 N East Deposit North Deposit North down Dip Northeast Shallow KM-12 West East Extensions E91-1 South Up-dip 52,000 N JK-34 South Deposit N North border E-2 Deposit 21 58,000 E Southeast Deposit Sec 11 54,000 E 50,000 E 48,000 N Southwest extension Open Mineral Directions 1500 FEET Exploration Targets 56,000 N Northwest Magnetic Anomaly East Ground Magnetic North Deposit East Deposit FG-20 Between North & South 52,000 N JK-34 Open Mineral Trends & Anomalies N South Deposit Southeast Strike & dip E-2 Deposit E-2 -Section 11 22 Sec 11 58,000 E Southeast Deposit 54,000 E 50,000 E 48,000 N 1500 FEET 2008 DRILL PROGRAM STARTED IN JANUARY 23 Premier Development Site Pumpkin Hollow Site 24 Ideal Development Site Yerington - Full Services Paved Road 98% of the Resource on Private Ground Mining Friendly Nevada 25 Power line Site Layout - Conceptual Concentrator Dewatered Tailings Overburden Repository 26 Mine Profile Integrated open pit and underground operation. Throughput, 60,000/tpd, 88% open pit, 12% underground. Single copper concentrator, conventional floatation circuit. Producing an Average of 95,000 tons of copper per year. Gold, silver and iron by- products Mine life 20-30 years. 27 Operating Characteristics Open Pit 52,500 tons per day 7,500 tons per day Truck and Shovel Mining Bulk Long-hole Mining Avg. 2.9:1 waste/ore Ratio Shaft Access 432,000,000 tons Ore 28,000,000 tons Ore Cu equiv. Grade 0.62% Cu equiv. Grade 1.82% $0.99/ton Mining Cost* $17/ton Mining Cost* $4.96/ton Milling Cost $4.96/ton Milling Cost 24 Year Mine Life 14 Year Mine Life * Includes dewatering cost 28 Underground Open Pit Excavations South Deposit North Deposit 29 Underground – East & E-2 30 Preliminary Economics Financial highlights: (In Millions of US Dollars and Imperial Units) Base Case Variable @ $1.75 $2.50 NPV @ 4 % $ 1,381 NPV @ 8 % $ IRR (Incl. contingency) Capital (Incl. contingency & working capital) CU Price ($/lb) Payback (years) (1) (2) (3) 31 Alternative Case $3.00 Variable @ $1.75 $2.50 $3.00 $ 2,143 $ 3,396 $ 863 $ 1,623 $ 2,876 765 $ 1,086 $ 1,918 $ 531 $ 851 $ 1,684 23.8% 20.5% 29.3% 22.9% 19.7% 29.0% $ 780 $ 780 $ 780 $ 780 $ 780 $ 780 3.1 4.8 3.6 3.1 4.8 3.6 Recoveries: 89% Cu; 70% Au; 68% Ag; 81% Fe Base Case: Operating Cost of $1.02/lb, net of by-product credits Alternative Case – No Iron: Operating Cost of $ 1.29/lb, net of by-product credits Underground Only 7,500 ton per day mine. Capital: $270 Million / Incl. Working Capital & Contingency 14 Year Mine Life / Payback 4.5 Years 19% IRR & $220 Million NPV @8% / $415 Million NPV @ $3.00 Cu. Significant upside in Grade and tonnage to be tested in 2008. 32 Value Drivers/ Upside Shallow Open Pit Deposit Extensions in the North, South and Southeast. Deposit Extensions in the high grade East and E2 extending mine life and improving Year 1-5 grade. Iron Deposit Expansion and Detailed Evaluation. Grade Increase’s in all Deposits with additional Infill and Step-out Drilling. Gold, Silver and Moly Additions from Re-Assay Program. Green Fields “DISCOVERY” Potential Is Huge. 33 Preliminary Project Timeline 2008 1st Q Description In-Fill, Step Out and Exploration Drilling Re-Assay Program Updated Resource & Feasibility Permitting Exploration PreDevelopment Surface Construction Production 34 2nd Q 3rd Q 2009 4th Q 1st Q 2nd Q 3rd Q 2010 4th Q 2011 2012 Market Catalysts 35 2008 Results Oriented Aggressive Drilling Program - In-Fill, Step Out & Exploration. Assay Program - Continue Historic Drill Hole assaying program for copper, gold, silver & Moly (Completed 5,300 Meters/ 85 Drill Holes). Steady News Flow - 2008 Drilling Results/ Other. Commence Bankable Feasibility Study in 2008. Updated Resource - Late 2008. Peer Group Comparables Market Value per pound of Copper in situ (Cents per lb) 4.5 5 3.9 3.9 3.4 3.3 4 3 1.1 2 1 0 Norsemont Augusta Northern Peru Peru Copper Chariot Nevada Copper Norsemont *** Augusta Resources* Northern Peru ** Peru Copper** Chariot * 4.5 3.9 3.9 3.4 3.3 Average Nevada Copper *** 3.8 1.1 * Feasibility / ** Acquired / *** Scoping/PEA Market Comparables @ March 28, 2008 Peer 36 Group Average: 3.8 cents per pound Copper Industry Average: Plus 5 cents per pound Copper Deposit Geology Section The following pages present cross sections, photos and 3 D Models of the: East, E-2 and North Deposits. 37 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 38 2,000ft 3,000ft East Deposit View East Deposit E-2 Deposit South Deposit Looking East 39 East & E2 Resource – 3D 40 East Deposit – Plan View OPEN EAST NC07-21 54600N DEPOSIT NC07-5 NC07-8 0ft 54200N 2000ft Patented property outline only N EAST DEPOSIT OPEN 53400N 400 FEET NC07-2 OPEN Nov.’07 43-101 Resource: 50.8 Million tons @ 1.38% Copper @ 0.75% copper cutoff NC07-14 Nevada Copper drill holes Historic drill holes 41 East Section - 54600N SECTION 54600N EAST EAST E2 SECTION 49600N 42 East Section - 54600N NC07-5 NC07-21 Section shortened for visual efficiency 5’ 2.58% Cu 40.5’ 4.08% Cu 9’ 4.74% Cu HJ-11 39’ 2.59% Cu 6’ 2.38% Cu 57’ 2.33% Cu 6’ 2.89% Cu Mesozoic J-11 57.5’ 3.34% Cu 10.5’ 5.0% Cu DEPOSIT 4600’ 3800’ 0ft 20’ 2.10% Cu 3600’ 2’ 2.03% Cu 15’ 2.24% Cu 5’ 2.03% Cu 3000’ 87’ 2.76% Cu Conglomerate 19’ Tertiary volcanics 2.37% Cu 3.5’ Limestone, Marble 56’ Hornfels 2.3% Cu 4.34% Cu Magnetite skarn 8’ Cal-silicate skarn Intrusive 4.59% Cu + 1% Cu KM-12 + 2% Cu JK-12 Trace of drill hole 400 FEET 19’ Intersected length of 2.37% Cu Mineralization in feet, %Cu Note: Assays <1% not plotted 43 EAST 4800’ 2400’ 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 NC07 – 21 20 feet @ 2.10% Cu 87 feet @ 2.76% Cu 56 feet @ 4.34% Cu East Section – 53400N SECTION 53400N SECTION 49600N 44 East Section - 53400N 55400E 57800E NC07-14 4800’ 4600’ 4000’ 3600’ Mesozoic Conglomerate Tertiary volcanics Limestone, Marble Hornfels Magnetite skarn Cal-silicate skarn Intrusive + 1% Cu + 2% Cu 19’ 2.37% Cu 116.2’ 3.08% Cu C-8 36’ 5.04% Cu C-6 Trace of drill hole Intersected length of Mineralization in feet, %Cu Note: Assays <1% not plotted C-12 2400’ M-20 KM-20 3000’ 28’ 3.89% Cu 111’ 3.31% Cu JK-19 45 44’ 2.75% Cu 400 FEET 1800’ E-2 Section – 49600N 5800 feet East E2 46 E2 SECTION 49600N E-2 Section - 49600N 56000E 58000E NC07-23 4800’ C-11 4600’ 3800’ E-2 63’ 2.29% Cu KM-45 M-44 KM-44 Mesozoic Tertiary volcanics Limestone, Marble Hornfels Magnetite skarn Cal-silicate skarn Intrusive + 1% Cu + 2% Cu 115’ 4.45% Cu >0.3% Cu 19’ 2.37% Cu 135’ 2.66% Cu3200’ C-13 145’ 2.44% Cu 2000’ Trace of drill hole Intersected length of Mineralization in feet, %Cu 400 FEET Note: Assays <1% not plotted 47 2600’ 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 48 2,000ft 3,000ft North Deposit View North Deposit Office Looking North 49 North Deposit – 3D 50 North Section – 47700E 2000 feet North SECTION 47700E 51 North Section North 47700E 54500N 54000N 53500N 53000N 52500N 4800’ 99-7 USS-79 99-6 NC07-9 USS-70 99-4 USS-46 Mesozoic Tertiary volcanics Limestone, Marble Hornfels Magnetite skarn Cal-silicate skarn Intrusive + 1% Cu + 2% Cu >0.3% Cu 19’ 2.37% Cu Trace of drill hole Intersected length of Mineralization in feet, %Cu 24.9’ 3.38% Cu 99-2 USS-76 USS-95 12.5’ 2.53% Cu 99-3 42’ 2.49% Cu 109.9’ USS-41 3.22% Cu 52 3400’ 115.5’ 2.51% Cu 2800’ 400 FEET Note: Assays <1% not plotted 4000’ North Section - 47900E 54500N 54500N 54000N 53500N 53000N 52500N North 4800’ USS-56 USS-96 USS-34 USS-46 NC07-1 USS-43 USS-88 99-1 Mesozoic Conglomerate Tertiary volcanics Limestone, Marble Hornfels Magnetite skarn Cal-silicate skarn Intrusive + 1% Cu + 2% Cu 19’ 2.37% Cu 342’ @ 2.03% 4000’ USS-70 USS-76 USS-88 USS-48 3400’ Trace of drill hole Intersected length of Mineralization in feet, %Cu 2800’ 400 FEET Note: Assays <1% not plotted 53 Nevada Copper Corp. Nevada Copper Corp. Developing the Pumpkin Hollow Copper Deposit - Nevada’s Next Major Copper Mine TSX: NCU 54 January, 2008