China Minmetals Non-Ferrous Metals Co., Ltd. and Jiangxi Copper Company Ltd. (together, the "Investors") are pleased to announce that all required Chinese governmental approvals have been obtained in connection with the offer (the "Offer") made by Copper Bridge Acquisition Corp. (the "Offeror"), a corporation jointly owned by the Investors, to acquire all of the common shares of Northern Peru Copper Corp. ("NOC"). The Offer is therefore not subject to any further pre-closing review or approval.

The Offer is open for acceptance until 9:00 p.m. (Toronto time) on Friday, January 25, 2008, unless extended or withdrawn.
The all cash Offer of Cdn.$13.75 per share is made for all of the outstanding common shares of NOC. Full particulars of the Offer are set out in the offer and circular dated December 20, 2007 and the directors' circular dated December 20, 2007. These documents are available on the Canadian Securities Administrators' website at www.sedar.com, on the United States Securities and Exchange Commission's website at www.sec.gov and on the NOC website at www.northernperu.com.

About China Minmetals

China Minmetals, a state-controlled corporation existing under the laws of the People's Republic of China, is a diversified metals and mining company based in Beijing, China. China Minmetals is engaged in the production and trading of metals and minerals, including copper, aluminium, tungsten, tin, antimony, lead, zinc and nickel. In 2006, China Minmetals had revenue of approximately US$4.84 billion. China Minmetals is located at 5 Sanlihe Road, Haidian District, Beijing, China 100044.

About Jiangxi Copper

Jiangxi Copper, a state-controlled public corporation existing under the laws of the People's Republic of China, is an integrated producer of copper in China, with operations in mining, milling, smelting and processing. Jiangxi Copper also maintains exposure to sulphur, gold, silver, platinum, palladium, selenium, tellurium, rhenium and molybdenum. Jiangxi Copper is listed on the London, Hong Kong and Shanghai stock exchanges. In 2006, Jiangxi Copper had revenue of approximately US$3.45 billion. Jiangxi Copper is located at 15 Yejin Avenue, Guixi, Jiangxi, China 335424.
About Copper Bridge

Copper Bridge, a corporation owned 60% by China Minmetals and 40% by Jiangxi Copper, was incorporated under the laws of the Province of British Columbia on December 10, 2007 for the purpose of making the offer for NOC. Copper Bridge is located at 700 West Georgia Street, 25th Floor, Vancouver, BC V7Y 1B3.