Nevada Copper Operational Performance Continues to Accelerate

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YERINGTON, Nev., Dec. 21, 2021 (GLOBE NEWSWIRE) — Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF)
(FSE: ZYTA) (“ Nevada Copper ” or the “ Firm ”) at present offered an extra constructive operations replace at its underground mine on the Firm’s Pumpkin Hole Venture (the “ Underground Mine ”).

December Underground Operations Highlights:

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“The Firm continues to construct on the operational enhancements achieved over the previous two quarters, offering additional acceleration to the event and manufacturing ramp-up,” said Randy Buffington, President and Chief Govt Officer. “The implementation of extra gear, manpower and operational efficiencies led to the best growth charges attained this yr. We’re on observe to finish 1,100 toes of lateral growth this month, which places the Firm ready to mine the primary stope of the high-grade Sugar Dice as deliberate subsequent month.”

Certified Individuals
The technical data and knowledge on this information launch was reviewed by Greg French, C.P.G., VP Head of Exploration of Nevada Copper, and Neil Schunke, P.Eng., a guide to Nevada Copper, who’re non-independent Certified Individuals inside the that means of NI 43-101.

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About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and proprietor of the Pumpkin Hole copper venture. Positioned in Nevada, USA, Pumpkin Hole has substantial reserves and assets together with copper, gold and silver. Its two totally permitted tasks embrace the high-grade Underground Mine and processing facility, which is now within the manufacturing stage, and a large-scale open pit venture, which is advancing in the direction of feasibility standing.

NEVADA COPPER CORP.
www.nevadacopper.com

Randy Buffington, President and CEO

For additional data contact:
Wealthy Matthews, Investor Relations
Integrous Communications
rmatthews@integcom.us
+1 604 757 7179

Cautionary Language

This information launch contains sure statements and data that represent forward-looking data inside the that means of relevant Canadian securities legal guidelines. All statements on this information launch, apart from statements of historic information are forward-looking statements. Such forward-looking statements and forward-looking data particularly embrace, however will not be restricted to, statements that relate to mine growth, manufacturing and ramp-up targets and gear set up.

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Ahead-looking statements and data embrace statements relating to the expectations and beliefs of administration. Usually, however not at all times, forward-looking statements and forward-looking data might be recognized by way of phrases reminiscent of “plans”, “expects”, “potential”, “is predicted”, “anticipated”, “is focused”, “price range”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “might”, “might”, “would”, “may” or “will” be taken, happen or be achieved. Ahead-looking statements or data shouldn’t be learn as ensures of future efficiency and outcomes. They’re topic to recognized and unknown dangers, uncertainties and different elements which can trigger the precise outcomes and occasions to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements or data.

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Such dangers and uncertainties embrace, with out limitation, these referring to: the power of the Firm to finish the ramp-up of the Underground Mine inside the anticipated price estimates and timeframe; necessities for extra capital and no assurance might be given relating to the supply thereof; the influence of the COVID-19 pandemic on the enterprise and operations of the Firm; the state of monetary markets; historical past of losses; dilution; opposed occasions referring to milling operations, building, growth and ramp-up, together with the power of the Firm to deal with underground growth and course of plant points; floor situations; price overruns referring to growth, building and ramp-up of the Underground Mine; lack of materials properties; rates of interest enhance; international financial system; restricted historical past of manufacturing; future metals value fluctuations; speculative nature of exploration actions; periodic interruptions to exploration, growth and mining actions; environmental hazards and legal responsibility; industrial accidents; failure of processing and mining gear to carry out as anticipated; labor disputes; provide issues; uncertainty of manufacturing and price estimates; the interpretation of drill outcomes and the estimation of mineral assets and reserves; adjustments in venture parameters as plans proceed to be refined; potential variations in ore reserves, grade of mineralization or restoration charges from administration’s expectations and the distinction could also be materials; authorized and regulatory proceedings and group actions; accidents; title issues; regulatory approvals and restrictions; elevated prices and bodily dangers referring to local weather change, together with excessive climate occasions, and new or revised rules referring to local weather change; allowing and licensing; volatility of the market value of the Firm’s securities; insurance coverage; competitors; hedging actions; forex fluctuations; lack of key workers; different dangers of the mining trade in addition to these dangers mentioned within the Firm’s Administration’s Dialogue and Evaluation in respect of the yr ended December 31, 2020 and within the part entitled “Danger Components” within the Firm’s Annual Data Type dated March 18, 2021. Ought to a number of of those dangers or uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes might fluctuate materially from these described in forward-looking statements or data. The forward-looking data or statements are said as of the date hereof. Nevada Copper disclaims any intent or obligation to replace forward-looking statements or data besides as required by legislation. Readers are referred to the extra data relating to Nevada Copper’s enterprise contained in Nevada Copper’s studies filed with the securities regulatory authorities in Canada. Though the Firm has tried to determine vital elements that might trigger precise actions, occasions, or outcomes to vary materially from these described in forward-looking statements, there could also be different elements that might trigger actions, occasions or outcomes to not be as anticipated, estimated or supposed. For extra data on Nevada Copper and the dangers and challenges of its enterprise, traders ought to assessment Nevada Copper’s filings which might be out there at www.sedar.com .

Nevada Copper gives no assurance that forward-looking statements and data will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements or data. Accordingly, readers shouldn’t place undue reliance on forward-looking statements or data.