China Minmetals and Jiangxi Copper receive all Chinese government approvals for proposed acquisition of Northern Peru Copper

    TORONTO, Jan. 24 /CNW/ - 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Friday, January 25, 2008, unless extended or withdrawn.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, on the United States
Securities and Exchange Commission's website at and on the NOC
website at

    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.

For further information:

For further information: NOC shareholders with questions or requests for
a copy of the Offer documents should contact Kingsdale Shareholder Services
Inc., North American Toll Free: 1-800-775-5159, Outside North America, Bank
and Brokers Call Collect: (416) 867-2272, Email:

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