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Northern Peru Intersects Gold and High Grade Zinc, Lead, Silver Mineralization at Hilorico Zone, Galeno Project, Peru

Posted on: Tuesday, 20 November 2007, 15:00 CST

Northern Peru Copper Corp. (TSX: NOC) is pleased to announce that step out drilling at its Hilorico project in Peru has intersected high grade zinc-lead-silver mineralization and additional gold mineralization. Intersects include, in Hole HR-07-33, 82.5 meters grading 1.04 grams per tonne gold plus 7.8 meters grading 12.7% zinc, 4.2% lead and 252 grams per tonne silver. Hole HR-07-34 intersected 36 meters grading 1.66 grams per tonne gold (complete hole assays not yet received).

Marshall Koval, President & CEO, said: "The emerging high grade zinc and silver zone at the southern end of Hilorico is very exciting and the gold values in this area are also higher than encountered elsewhere in the deposit, perhaps indicating that our drilling is vectoring towards a higher grade base and precious metal part of the system. We continue to aggressively explore Hilorico with three drill rigs."

The Hilorico deposit contains epithermal breccia-hosted gold mineralization in quartzites stratigraphically overlying siltstones that are cut by a thrust fault with limestone in the footwall. Zinc, silver and lead replacement style mineralization is found in the siltstones and limestones associated with the thrust fault.

The reported drill holes are at the southern margin of Hilorico and are step-outs from hole HR-07-31 which intersected 40 meters grading 3.09 grams per tonne gold (previously reported) and 10 meters assaying 7.48% zinc, 1.11 grams per tonne gold, 22.3 grams per tonne silver (recently received). In this area gold occurs in an irregular zone dipping approximately -45 degrees to the south. The reported zinc intercepts appear related to the thrust fault. There is insufficient data to calculate true thicknesses of mineralized intercepts at this time.

Holes HR-07-31, 32 and 33 were drilled from the same platform; the first two holes at azimuth/inclinations of 047/-72 degrees, 110/-70 degrees. HR-07-33 was a vertical hole. HR-07-34 was collared 90 meters to the northwest with an azimuth/inclination of 045/-60 degrees and to date only assays from the top 190m of the 422m hole have been received.

 ----------------------------------------------------------------------- ---- ------------------------------------------------------------------ ---------                                   Au       Ag Hole           From    To   Int  g/t      g/t   Zn %  Pb %  Zone    Comment ---------------------------------------------------------------------------               111.4   234 122.6 0.99      7.7   0.61        Gold          ------------------------------------------------------------------                                                                    Interval HR-07-31 incl   178   218    40 3.09      7.9   0.11        Gold        "A"          ------------------------------------------------------------------                                                                    Interval          and  225.5   320  94.5 0.37     21.0   2.34  0.38  Zinc        "B"          ------------------------------------------------------------------          incl   228   238    10 1.11     22.3   7.48  0.65  Zinc --------------------------------------------------------------------------- ---------------------------------------------------------------------------                  44    48     4 3.01     28.0               Gold          ------------------------------------------------------------------ HR-07-32 and    238 285.4  47.4 0.24     19.9   1.24  0.44  Zinc          ------------------------------------------------------------------                                                                   95m south          incl   268   272     4 0.34     34.6   2.99  0.99  Zinc     of "B" --------------------------------------------------------------------------- ---------------------------------------------------------------------------                 204 286.5  82.5 1.04     10.9               Gold          ------------------------------------------------------------------                                                                         80m                                                                   southwest HR-07-33 incl 226.7   248  21.3 2.09      4.5               Gold     of "A"          ------------------------------------------------------------------           and   324   354    30  0.5  119.3(i)  5.44  1.71  Zinc          ------------------------------------------------------------------                                                                        120m                                                                   southwest          incl 344.7 352.5   7.8 0.84    252(i) 12.67   4.2  Zinc     of "B" --------------------------------------------------------------------------- ---------------------------------------------------------------------------                                                                        146m                                                                   southeast HR-07-34        124   160    36 1.66      (ii)   (ii)  (ii) Gold     of "A" --------------------------------------------------------------------------- --------------------------------------------------------------------------- (i)  Interval contains two very high grade silver samples of 888g/t Ag over      1.65m and 1,645g/t Ag over 0.50m. (ii) Values not yet received 

Hilorico is located in northern Peru approximately one kilometre from the Company's large, feasibility stage Galeno copper-gold-molybdenum-silver project and 16km from Yanacocha, South America's largest gold mine. To date, the Company has drilled 12,675 meters in 37 holes at Hilorico.

The Company is continuing its feasibility study at the Galeno deposit and remains very active in reviewing strategic alternatives with its financial advisors Genuity Capital Markets.

Marshall Koval, P.Geo, is the Qualified Person as defined by National Instrument 43-101 for the Galeno Project. Technical information contained in this press release has been reviewed by Leo Hathaway, P.Geo, Vice President of Exploration, who is the Company's Qualified Person for the purposes of National Instrument 43-101. Jeff O'Toole, a geologist with over 25 years of experience is supervising the quality control and quality assurance program on site. Logging and sampling are completed in Northern Peru's secure facility located at the project. The drill cores are mechanically split on site and samples are transported to the ALS Chemex facility in Lima for sample preparation and analysis. Northern Peru inserts standards, blanks and duplicates selected on a random basis into the sample stream and sends 5% of the sample pulps to check laboratories in Vancouver.

NORTHERN PERU COPPER CORP.

Marshall Koval, CEO & President

CAUTION REGARDING FORWARD LOOKING STATEMENTS:

Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such forward-looking statements, including but not limited to those with respect to the price of copper, gold and molybdenum, the timing and amount of future production, metallurgical recoveries, costs of production, reserve and resource determination and reserve conversion rates and completion of the Galeno Feasibility Study, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating to the integration of acquisitions, risk relating to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project and exploration parameters as plans continue to be refined, future prices of copper, gold and molybdenum, as well as those factors discussed in the section entitled "Risk Factors" in the Form 20-F as on file with the Securities and Exchange Commission in Washington, D.C. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

 Contacts: Northern Peru Copper Corp. David Strang VP Corporate Development (604) 687-0407 (604) 687-7041 (FAX) Email: dstrang@northernperucopper.com Website: www.northernperu.com

SOURCE: Northern Peru Copper Corp.

Source: MARKET WIRE

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