Peru Copper receives support from Regional Government of Junin
21 Juni 2006 - 9:23PM
PR Newswire (US)
VANCOUVER, June 21 /PRNewswire-FirstCall/ -- Peru Copper Inc.
(TSX:PCR / AMEX:CUP / BVL:CUP) ("Peru Copper" or the "Company")
reports that on Monday, June 19, 2006 the Regional Government of
Junin published in El Peruano, the official government newspaper,
Regional Ordinance 041-GRJ/CR in support of the Company's Toromocho
Copper Project. Toromocho is located in the region of Junin, near
the town of Morococha. The Ordinance declares that the development
of the Toromocho Mining Project is in the public's interest and
will be a benefit to the region. The Ordinance also calls for the
Company to give priority to employment of local population, comply
with environmental regulations, and ensure social responsibility.
Charles Preble, President and CEO of Peru Copper Inc, said "We are
very pleased with the show of support for our project by the
regional government in Junin. Toromocho is a world class copper
deposit and its development has to be a partnership among the local
communities, the Peruvian government and the Company. Further, we
fully support compliance with the highest standards of
environmental protection and social responsibility. We already
sponsor job training in the area and expect to provide a
significant number of jobs for the local population when
construction on the project begins." Peru Copper is involved in the
acquisition and exploration of potentially mineable deposits of
copper in Peru. On June 11, 2003, Peru Copper entered into the
Toromocho Option Agreement ("Toromocho Option") with Empresa Minera
del Centro del Peru S.A. ("Centromin"), a Peruvian state-owned
mining company, whereby Centromin granted the Company the option to
acquire its interest in the mining concessions and related assets
of the Toromocho Project. For further information please contact
Patrick De Witt, Director of Investor Relations at (604) 689-0234
or . Cautionary Note to U.S. Investors-The United States Securities
and Exchange Commission permits U.S. mining companies, in their
filings with the SEC, to disclose only those mineral deposits that
a company can economically and legally extract or produce. We use
certain terms in this press release, such as "mineral deposit",
that the SEC guidelines strictly prohibit U.S. registered companies
from including in their filings with the SEC. U.S. Investors are
urged to consider closely the disclosure in our Form F-1
Registration Statement, File No. 333-121527, which may be secured
from us, or from the SEC's website at
http://www.sec.gov/edgar.shtml. CAUTIONARY NOTE REGARDING FORWARD
LOOKING-STATEMENTS This news release contains "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation. Forward-looking statements include, but are
not limited to, statements with respect to the future price of
copper and molybdenum, the timing of exploration activities, the
mine life of the Toromocho Project, the economic viability and
estimated internal rate of return of the Toromocho Project, the
estimation of mineral reserves and mineral resources, the results
of drilling, estimated future capital and operating costs, future
stripping ratios, projected mineral recovery rates and Peru
Copper's commitment to, and plans for developing, the Toromocho
Project. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"can", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking statements are subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
Peru Copper to be materially different from those expressed or
implied by such forward-looking statements, including but not
limited to: risks related to the exploration and potential
development of the Toromocho Project, risks related to
international operations, the actual results of current exploration
activities, conclusions of economic evaluations, changes in project
parameters as plans continue to be refined, future prices of
copper, silver, molybdenum and gold, as well as those factors
discussed in the section entitled "Risk Factors" in the Form F-1 as
on file with the Securities and Exchange Commission in Washington,
D.C. and in the section entitled "Narrative Description of the
Business -- Risks of the Business" in the Annual Information Form
of the Company dated March 24, 2005. Although Peru Copper has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, 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. Peru Copper
does not undertake to update any forward-looking statements that
are incorporated by reference herein, except in accordance with
applicable securities laws. DATASOURCE: Peru Copper Inc. CONTACT:
Patrick De Witt, Director of Investor Relations at (604) 689-0234
or
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