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Northern Peru Closes Brokered Private Placemen

Thursday, September 27th, 2007

Northern Peru Copper Corp. is pleased to announce the closing of its brokered private placement totaling gross proceeds of $11,011,000. The Company issued 1,210,000 common shares at a price of $9.10 per common share. The common shares are subject to a four-month hold period.
Net proceeds from the financing will be used to fund completion of a feasibility study on the Galeno project, to acquire certain surface rights, to fund exploration programs, to repay a loan provided to the Company, to make payments in respect of additional mineral rights and for general corporate purposes.
As previously announced, the Company intends to issue approximately $5 million of common shares via a non-brokered private placement on the same terms as the brokered placement.
The non-brokered placement is expected to close in the coming days. Finders fees will be payable in connection with the non-brokered placement.
The securities comprising this financing have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent such registration or an exemption from registration.

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