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Peru Copper Announces Closing Of C$70 Million Private Placement
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Vancouver, British Columbia, Canada, June 19, 2007, Peru Copper Inc.
(TSX:PCR / AMEX:CUP / BVL:CUP) ("Peru Copper" or the "Company")
announced today that it has closed its previously announced private
placement of 13.2 million common shares at a price of US$4.99 (C$5.30)
per share for gross proceeds of US$65,868,000 (approximately C$70
million), following receipt by the Company of regulatory approval from
the Toronto Stock Exchange and the American Stock Exchange. On June 11,
2007 the Company announced that it had entered into a definitive
agreement pursuant to which Aluminum Corporation of China has agreed to
make an offer to acquire all of the outstanding shares of Peru Copper
and make this investment in Peru Copper through the private placement.

The common shares issued in the private placement have not been
registered under the Securities Act of 1933 or any state securities
laws, and unless so registered may not be offered or sold in the United
States except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and
applicable state securities laws.

All of the common shares issued and sold pursuant to the private
placement were purchased and acquired by Chinalco Canada B.C. Holdings
Ltd., a wholly owned subsidiary of Aluminum Corporation of China.

As a result of the completion of the private placement, Chinalco now
indirectly beneficially owns approximately 9.9% of the outstanding
common shares of Peru Copper.

For further information please contact Patrick De Witt, Director of
Investor Relations at (604) 689-0234 or patrick@perucopper.com.

PERU COPPER STOCKHOLDERS ARE ADVISED TO READ PERU COPPER'S
SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 WHEN IT IS
AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. THE
SOLICITATION/RECOMMENDATION STATEMENT WILL BE MADE AVAILABLE TO
SHAREHOLDERS OF PERU COPPER AT NO EXPENSE TO THEM. THE SCHEDULE 14D-9
AND OTHER FILED DOCUMENTS WILL ALSO BE AVAILABLE WITHOUT CHARGE AT THE
SECURITIES AND EXCHANGE COMMISSION'S WEBSITE AT WWW.SEC.GOV. THIS PRESS
RELEASE IS NEITHER AN OFFER TO PURCHASE NOR A SOLICITATION OF AN OFFER
TO SELL SECURITIES OF PERU COPPER. THE TENDER OFFER WILL BE MADE SOLELY
BY AN OFFER TO PURCHASE AND RELATED LETTER OF TRANSMITTAL TO BE
DISSEMINATED UPON THE COMMENCEMENT OF THE TENDER OFFER.

CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS:

This news release contains "forward-looking statements" including, but
are 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-3 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 28, 2007. 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.

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Copyright (c) 2007 PERU COPPER INC. (PCR) All rights reserved. For
more information visit our website at http://www.perucopper.com/ or
send mailto:info@perucopper.com
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