March 2007

Directors & Management

J. David Lowell Catherine E. McLeod-Seltzer David E. De Witt Gerald Wolfe Eric Peitz Thomas White Angel Alvalrez Miguel Grau M. Thomas J. O'Neil Carl L. Renzoni George R. Ireland John P. Fairchild
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Founder, Director & Executive Chairman Founder & Director Founder & Director President, CEO & Director Chief Financial Officer Vice President of Development Exploration Manager Independent Director Independent Director Independent Director Independent Director Independent Director

Peru Copper New Management Team

Expertise in Building, Starting and Operating Large Scale Mines: Gerald Wolfe: Previously President & CEO of Compania Minera Antamina, one of the world's largest producers of copper and zinc Eric Peitz: Previously CFO for Doe Run Peru S.R.L (Lima, Peru), an international natural resource company focused on the mining, smelting, recycling and fabrication of metals Thomas White: Previously Vice President of Operations for MK Resources Company ("MK") and Manager of Corporate Engineering for Homestake Mining Company ("Homestake")
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The Toromocho Deposit

Part of the Historic Morococha Mining District in Peru Originally Identified by Cerro de Pasco Corp., 42,000 m Drilled Peru Copper Awarded Option to Buy Land and Mining Concession
View of the IMC Pit looking south

Peru

Toromocho

Unique Project Advantages

Located in a Mining Friendly Country Scarcity Value Due to Large Size and Excellent Economics Upside Potential Low Strip Ratio of 0.57 Waste to Ore Infrastructure In Place:
Located on Central Highway Water and Power Railway in Place Historic Mining District Locally Available Skilled Labor Port Available

Infrastructure / Pit Outline

Peru Copper Inc. Work Completed

Completed Major Drill Program: Total of 132,467 Metres Drilled (42,394 drilled by prior operators) Completed PreFeasibility Study & Technical Report March 2006 Column Leach Tests 2006 60% Cu Recovery New Discoveries of Copper, Gold, Zinc Mineralization Identified, Drilling Ongoing

View inside Peru Copper Core Shack

2006 Reserve Estimate

Revised Statement of Reserves and Resources, March 28, 2006 Contained Metal (millions) Cu Lbs. 15,459 4,905 Moly Silver Lbs. Oz. 546 212 312 132

Tonnes Total Cu Moly (millions) % % Proven+ Probable (i) Measured + Indicated (ii) 1,374 601 0.51 0.37 0.018 0.016

Equivalent Silver Copper gm/t % 7.06 6.82 0.71 0.57

Total
Total Inferred
(ii)

1,976
151

0.47 0.017 6.99

0.46 0.01 7.85

0.67
0.61

20,364 758 444

1,531 33 38

Total:

2,127

21,895 791 482

(i) Metal Prices for Mineral Reserves and Resources $0.90/lb. Cu, $6.00/lb. Mo, $5.50/Oz Ag Cutoff Grades for Mineral Resources Vary by Year Floatation Cutoffs, $4.22 to $3.52 NSR / Tonne Leach Cutoffs, 0.44% to 0.085% Soluble Copper Cutoff Grades for Mineral Resources 0.27% Equivalent Copper (ii) Equivalent Copper on this Table based on Copper + 9.70 x Moly + 0.007 x Silver ($1.00/lb. Copper, $10.00/lb. Mo, $5.50.Oz Silver)

Toromocho Project
March 2006 Technical Report (i)

Excellent Economics 17% IRR, NPV$1.2 Billion at $1.30 Cu Supports High Annual Metal Production 273,000 Tonnes (601 Million lbs.) of Copper 12 Million lbs. of Molybdenum Over 20 Year Reserve Life
(i) Based on March 28, 2006 Technical Report by Independent Mining Consultants, Inc. ("IMC") of Tucson, Arizona

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Feasibility Study
To Be Completed by the End of 2007 Lead Firm Aker Kvaerner

Experience in Design and Construction Optimizing Concentrator Capacity

Investigating Increasing Heap Leach

Possibility of Significantly Smaller Up Front Capital Investment Shorter Timeframe to Copper Production Potential Local Source of Sulphuric Acid

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Development Plan to June 2008

Exercise Toromocho Option
Peru Copper becomes owner of surface land and mining concessions Sufficient for mine, facilities, tailings, heap

Consolidate Ownership Positions Complete Full Feasibility Study Relocation of Morococha Financing
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Share Capital
Common Shares Shares Held by Founders Options (1) Brokers Options (2) Fully Diluted
Cash at 9/30/06
(1) (2)

119,208,624 46,722,932 7,540,260 130,893 126,879,777

US$42.2M

Exercise Price @ CDN $1.26-$5.41 & US$1.40 Each Broker's Option is exercisable for a common share at a price of C$1.65 per share at any time before 5:00 p.m. (Vancouver time) on March 18, 2007

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Summary
One of the Largest Undeveloped Copper Projects in the World Excellent Project Economics Unique Project Advantages Infrastructure and Stripping Ratio Project Still Open to Further Exploration Two New Discoveries North & South of Orebody Continue Fast Track Development of Toromocho
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Corporate Information
Listings: TSX: AMEX: BVL: Website: Investor Relations: PCR CUP CUP www.perucopper.com 604-689-0234 info@perucopper.com

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Cautionary & Disclaimer Statements

CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED RESOURCES This presentation uses the terms Measured, Indicated and Inferred Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize them. Inferred Resources have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that all or any part of Measured or Indicated Resources will ever be converted into reserves. U.S. investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This presentation 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 Coppers 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. DISCLAMER The information contained in this presentation is confidential and for internal use only. The contents are not to be reproduced or distributed to the public or press. The information contained herein, while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. The contents of this presentation is for informational purposes only and does not constitute an offer to sell or a solicitation to purchase any securities referred to herein. WHERE TO FIND FURTHER INFORMATION Readers are advised that National Instrument 43-101 of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources be reported separately. Mineral resources which are not mineral reserves do no have demonstrated economic viability. Readers should refer to the annual information form of Peru Copper for the year ended December 31, 2004 and other continuous disclosure documents filed by Peru Copper since January 1, 2005 available at www.sedar.com, for this detailed information, which is subject to the qualifications and notes set forth therein. For further information relating to the pre feasibility study, please refer to news release dated February 8, 2005 available at www.sedar.com.

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