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News Release - Thursday, August 23, 2007
Northern Peru Announces US$5 million Bridge Financing Facility
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News Release: 07-11

Vancouver, British Columbia - Northern Peru Copper Corp. (the
"Company") announces that it has entered into an unsecured bridge
financing facility for up to US$5 million on commercial terms. The
facility is being provided by the Chairman of the Company. The
facility will be in available to the Company for up to 8 months.

Funds from the facility will be used to advance the bankable
feasibility study on the Galeno copper/gold/silver/molybdenum project,
to fund the acquisition of certain surface rights, exploration
programs, and for general working capital purposes.

While the Company is proceeding aggressively with the bankable
feasibility study, the strategic review process initiated in February
with its financial advisor, Genuity Capital Markets, remains ongoing.

NORTHERN PERU COPPER CORP

Signed: "Marshall Koval"

Marshall Koval, CEO & President


For further information contact:
David Strang, VP Corporate Development
dstrang@northernperu.com
tel: + 604 687 0407
fax: + 604 687 7041

CAUTION REGARDING FORWARD LOOKING STATEMENTS: This release includes
certain statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical facts
that address future production or resource potential, exploration
drilling, exploitation activities and events or developments that
Northern Peru expects to occur, are forward-looking statements.
Although the company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results
or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ
materially from those in forward looking statements include
fluctuations in commodity prices, exploration successes, and continued
availability of capital and financing and general economic, market or
business conditions. Investors are cautioned that any such statements
are not guarantees of future performance and actual results or
developments may differ materially from those projected in the
forward-looking statements. The Company does not assume any obligation
to update or revise its forward-looking statements, whether as a result
of new information, future events or otherwise.

The United States Securities and Exchange Commission permits U.S.
mining companies, in their filings with the SEC, to disclose only those
mineral deposits that a company can economically and legally extract or
produce. We use certain terms on this [website or press release or
relevant disclosure document], such as "measured resources", "indicated
resources", and "inferred resources", that the SEC guidelines strictly
prohibit U.S. registered companies from including in their filings with
the SEC. U.S. Investors are urged to consider closely the disclosure in
our Form File No. 20F, which may be secured from us, or from the SEC's
website at http://www.sec.gov/edgar.shtml.

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Copyright (c) 2007 NORTHERN PERU COPPER CORP. (NOC) All rights
reserved. For more information visit our website at
http://www.northernperu.com/ or send mailto:info@northernperu.com
Message sent on Fri Aug 24, 2007 at 7:25:53 AM Pacific Time
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