NovaCopper Inc. - Exhibit 99.1 - Filed by newsfilecorp.com
TSX,
NYSE-MKT
Symbol: NCQ |
News Release |
|
NovaCopper Announces Appointment of Patrick
Donnelly as
Vice President, Corporate Communications
August 1, 2012 - Vancouver, British Columbia - NovaCopper
Inc. (TSX, NYSE-MKT: NCQ) ("NovaCopper” or "the Company”) is pleased to
announce the appointment of Patrick Donnelly as Vice President, Corporate
Communications, effective August 27, 2012. Mr. Donnelly will lead the efforts of
expanding the awareness of NovaCopper amongst the Canadian and global investment
communities and the Company’s stakeholders, including Native Corporations, local
communities and various levels of government. Mr. Donnelly will report directly
to the Company’s President and Chief Executive Officer, Rick Van
Nieuwenhuyse.
Mr. Donnelly has a broad range of experience in mineral
exploration and capital markets. He began his career as a project geologist 15
years ago exploring for precious and base metals, and diamonds in Western and
Northern Canada. Subsequently, Mr. Donnelly worked for a Canadian securities
firm as a base metals mining analyst. In his latest role, Mr. Donnelly served as
Vice President of Corporate Development for an emerging copper development
company with assets in Southern Africa. Mr. Donnelly holds a B.Sc. in Geology
(Honors) from the University of British Columbia and has an MBA from the
University of Toronto.
“Patrick brings a broad range of expertise to NovaCopper. He
joins a team that has worked closely together for the past ten years. This team
transformed NovaGold from an early-stage exploration company to an owner of one
of the most significant gold assets currently under development. This highly
experienced management team has a proven track record of building substantial
shareholder value through discovery and resource expansion of major mineral
deposits in North America at the Donlin Gold project in Alaska and the Galore
Creek project in British Columbia. The management team is planning to do it
again with our new company, NovaCopper, in the Ambler mining district.” says
NovaCopper’s President and CEO, Rick Van Nieuwenhuyse.
The Ambler mining district hosts world-class VMS deposits
containing copper, zinc, lead, gold and silver and carbonate replacement
deposits containing copper, cobalt and silver. It is one of the richest and
most-prospective known copper districts located in one of the safest
geopolitical jurisdictions in the world. Mr. Van Nieuwenhuyse adds, “Only a few
copper districts in the world have the size and grade of Ambler. Its Alaska
location provides NovaCopper with the important attribute of geo-political
safety which is highly sought by institutional investors in the current climate
of resource nationalism around the world”.
About NovaCopper
NovaCopper is a base metals exploration company focused on
exploring and developing the Ambler mining district. It is one of the richest
and most-prospective known copper districts located in one of the safest
geopolitical jurisdictions in the world. The Company is focused on continuing to
identify high-grade mineralization with additional exploration planned in
2012.
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Using four drill rigs the Company expects to complete between
15,000 meters to 18,000 meters of diamond core drilling this year. NovaCopper
has formed an alliance with NANA, an Alaskan Native Corporation and both companies
are committed to developing the Ambler mining district in cooperation with the
local communities. Our vision is to develop the Ambler mining district into
a premier North American copper producer.
More information on the Company, its properties and its
management team is available on the Company’s website at
www.novacopper.com.
NovaCopper Contacts:
Rick Van Nieuwenhuyse
President and Chief Executive Officer
Elaine Sanders
Vice President and Chief Financial Officer
604-638-8088 or 1-855-638-8088
# # #
Cautionary Note Regarding Forward-Looking Statements
This press release includes certain "forward-looking
information” and "forward-looking statements” (collectively "forward-looking
statements”) within the meaning of applicable Canadian and United States
securities legislation including the United States Private Securities Litigation
Reform Act of 1995. All statements, other than statements of historical fact,
included herein, without limitation, statements relating the future operating or
financial performance of NovaCopper, are forward-looking statements.
Forward-looking statements are frequently, but not always, identified by words
such as "expects”, "anticipates”, "believes”, "intends”, "estimates”,
"potential”, "possible”, and similar expressions, or statements that events,
conditions, or results "will”, "may”, "could”, or "should” occur or be achieved.
These forward-looking statements may include statements regarding perceived
merit of properties; exploration results and budgets; mineral reserves and
resource estimates; work programs; capital expenditures; timelines; strategic
plans; completion of transactions; market prices for precious and base metals;
or other statements that are not statements of fact. Forward-looking statements
involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from NovaCopper's
expectations include the uncertainties involving the need for additional
financing to explore and develop properties and availability of financing in the
debt and capital markets; uncertainties involved in the interpretation of
drilling results and geological tests and the estimation of reserves and
resources; the need for cooperation of government agencies and native groups in
the development and operation of properties; the need to obtain permits and
governmental approvals; risks of construction and mining projects such as
accidents, equipment breakdowns, bad weather, non-compliance with environmental
and permit requirements, unanticipated variation in geological structures, ore
grades or recovery rates; unexpected cost increases, which could include
significant increases in estimated capital and operating costs; fluctuations in
metal prices and currency exchange rates; and other risk and uncertainties
disclosed in NovaGold Resources Inc.’s Management Proxy Circular dated February
27, 2012 for the special meeting of securityholders held to consider the
spin-out of NovaCopper Inc. filed with the Canadian securities regulatory
authorities, and NovaCopper's registration statement on Form 40-F filed with the
United States Securities and Exchange Commission and in other NovaCopper reports
and documents filed with applicable securities regulatory authorities from time
to time. NovaCopper's forward-looking statements reflect the beliefs, opinions
and projections on the date the statements are made. NovaCopper assumes no
obligation to update the forward-looking statements or beliefs, opinions,
projections, or other factors, should they change, except as required by law.
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