NEWS RELEASE

TSX: NCU

NEVADA COPPER ANNOUNCES CDN$11,250,000 PRIVATE PLACEMENT WITH CAPSTONE MINING CORP.

October 27, 2009 - Nevada Copper Corp. (TSX: NCU) (?Nevada Copper?) is pleased to announce that it has agreed to a private placement in the amount of CDN$11,250,000 (the ?Private Placement?) with Capstone Mining Corp. (?Capstone?)(TSX:CS), subject to TSX approval.  Capstone will subscribe for 4,500,000 units (the ?Units?) of Nevada Copper, each Unit consisting of one common share (a ?Common Share?) and one-half of a common share purchase warrant (a ?Warrant?) at a price of $2.50 per Unit for total consideration of $11,250,000.  Each whole Warrant is exercisable into one common share for a period of two (2) years from the closing date at a price of $3.00 per common share.  If at any time prior to the second anniversary of the closing date, the closing price of Nevada Copper?s common shares is greater than $3.50 for at least 20 consecutive trading days, Nevada Copper can send a notice to Capstone stating that the Warrants will expire if not exercised within 30 days.  All securities issued in connection with the Private Placement will be subject to a four month hold period.

The transactions contemplated by the Private Placement are subject to the execution of a definitive agreement as between the parties.

Proceeds from the Private Placement will be used to fund the pre-feasibility study of Nevada Copper?s 100% owned Pumpkin Hollow property in Nevada, and for general working capital purposes.

Capstone is a publicly traded Canadian mining company whose primary focus is to operate, expand and explore its two producing copper mines: the 100% owned Cozamin copper-silver-zinc-lead mine located in Zacatecas State, Mexico and the 100% owned Minto copper-gold-silver mine in the Yukon, Canada.

Nevada Copper has 40.6 million shares outstanding. For additional information about Nevada Copper please visit our website at www.nevadacopper.com.

NEVADA COPPER CORP.

Giulio T. Bonifacio
President & CEO

For further information call:                                      

Eugene Toffolo, Corporate Communications                   

Phone:    604-683-8266                                                 

Tollfree: 1-877-648-8266

Email: etoffolo@nevadacopper.com

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

The securities offered have not been and will not be registered under the Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities law.  Certain of the information contained in this news release constitute "forward-looking statements".  Such forward-looking statements include the company's expectations related to the closing of the private placement and the use of proceeds.  Forward looking statements are not statements of historical fact and factors may cause the actual results, performance or achievements of the Company to be materially different from those set forth in such statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES