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Nevada Copper Announces Further Investment by Pala and Extension of Loan Maturity Dates to December 31, 2018

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 27, 2017) – Nevada Copper Corp. (TSX:NCU) (“Nevada Copper” or the “Company”) is pleased to announce that its long-term cornerstone shareholder, Pala Investments Limited (“Pala“), has agreed to make a further investment of US$5 million in the Company (“Pala Financing“). Additionally, Nevada Copper has also successfully secured extensions to the loan maturities under its existing senior term loan facility with EXP T1 Ltd, an affiliate of Red Kite Mine Finance (“Red Kite“) and its loan facility with Pala.