NEVADA COPPER CLOSES PREVIOUSLY ANNOUNCED BALANCE SHEET STRENGTHENING TRANSACTIONS - Seite 2

Regulatory Matters

The conversion feature of the Convertible Loan and the issuance of Common Shares or convertible debt under the Backstop are subject to approval of the Toronto Stock Exchange (the “TSX”), including that they will be exempt from shareholder approval pursuant to the financial hardship exemption. Nevada Copper has applied to the TSX, pursuant to the provisions of Section 604(e) of the TSX Company Manual, for a “financial hardship” exemption and expects to receive this approval on April 1, 2020. No Common Shares will be issuable to Pala in connection with the Convertible Loan, the Backstop or the payment of certain fees prior to April 1, 2020 and the receipt of TSX approval.

About Nevada Copper

Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in production, and a large-scale open pit project, which is advancing towards feasibility status.

Additional Information

For further information please visit the Nevada Copper corporate website
(www.nevadacopper.com).

NEVADA COPPER CORP.
Matthew Gili, President and CEO

For further information call:
Rich Matthews,
VP Investor Relations
Phone: [phone]
Toll free: 1-877-648-8266
Email: [e-mail] 

Cautionary Language

This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the TSX’s approval of the Company’s “financial hardship” exemption.

Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or information are subject to known or unknown risks, uncertainties and other factors which may cause the actual events or results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information.