China Minmetals and Jiangxi Copper acquire approximately 96% of Northern Peru Copper

    TORONTO, Jan. 25 /CNW/ - China Minmetals Non-Ferrous Metals Co., Ltd. and
Jiangxi Copper Company Ltd. (together, the "Investors") are pleased to
announce that 31,761,682 common shares of Northern Peru Copper Corp. ("NOC")
have been validly deposited to the offer made by Copper Bridge Acquisition
Corp. (the "Offeror"), a corporation jointly owned by the Investors, to
acquire all of the common shares. All conditions of the offer have been
satisfied. The Offeror has taken up and accepted for payment all common shares
validly deposited under the offer, which represent approximately 96% of the
common shares on a fully-diluted basis. Payment will be made to NOC
shareholders who have deposited their common shares under the offer on or
before January 30, 2008.
    The Offeror intends to acquire all common shares not deposited under the
offer pursuant to the compulsory acquisition provisions of the Business
Corporations Act (British Columbia). The Offeror expects to mail a formal
notice of compulsory acquisition on or about January 28, 2008.
    Following the take up by the Offeror of approximately 96% of the common
shares, all of the directors and officers of NOC resigned and were succeeded
by nominees of the Investors.
    NOC shareholders with questions or requests for a copy of the early
warning report filed by the Offeror in connection herewith should contact
Kingsdale Shareholder Services Inc.

    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, aluminum, 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.

For further information:

For further information: North American Toll Free: 1-800-775-5159,
Outside North America, Bank and Brokers Call Collect: (416) 867-2272, Email:

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