Alta Copper Announces Private Placement with Fortescue Ltd.

Alta Copper Corp. has revealed a non-brokered private placement with Fortescue Ltd.'s subsidiary, Nascent Exploration Pty. Ltd., raising Cdn.$1,500,000. Awaiting Toronto Stock Exchange approval, the funds will support working capital for the Cañariaco copper project. This move involves selling 2,941,176 common shares at Cdn$0.51 each without accompanying warrants.

CEO Giulio T. Bonifacio expressed contentment regarding shareholder support, noting the favorable conditions compared to market alternatives. The financing addresses necessary capital needs ahead of scheduled drilling. Alta Copper also reports progress in obtaining essential regulatory approvals.

The Cañariaco project in Peru encompasses significant copper deposits, among the largest not owned by a major in the Americas, with substantial resources detailed in their Preliminary Economic Assessment.