March 2007March 2007

22

Directors & ManagementDirectors & Management

J. David Lowell J. David Lowell Founder, Director & Executive ChairmanFounder, Director & Executive Chairman

Catherine E. McLeodCatherine E. McLeod--Seltzer Seltzer Founder & DirectorFounder & Director

David E. De Witt David E. De Witt Founder & DirectorFounder & Director

Gerald WolfeGerald Wolfe President, CEO & DirectorPresident, CEO & Director

Eric PeitzEric Peitz Chief Financial OfficerChief Financial Officer

Thomas WhiteThomas White Vice President of DevelopmentVice President of Development

Angel Angel AlvalrezAlvalrez Exploration ManagerExploration Manager

Miguel Grau M.Miguel Grau M. Independent DirectorIndependent Director

Thomas J. O'NeilThomas J. O'Neil Independent DirectorIndependent Director

Carl L. Carl L. RenzoniRenzoni Independent DirectorIndependent Director

George R. Ireland George R. Ireland Independent DirectorIndependent Director

John P. FairchildJohn P. Fairchild Independent DirectorIndependent Director

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Peru Copper Peru Copper New Management TeamNew Management Team

Expertise in Building, Starting and Operating Large Scale Mines:

Gerald Wolfe: Previously President & CEO of CompaniaMinera 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 DepositThe 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

55

PeruPeru

ToromochoToromocho

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Unique Project AdvantagesUnique 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 PowerRailway in PlaceHistoric Mining DistrictLocally Available Skilled LaborPort Available

77

Infrastructure / Pit OutlineInfrastructure / Pit Outline

88

Peru Copper Inc. Peru Copper Inc. Work CompletedWork Completed

Completed Major Drill Program:

Total of 132,467 Metres Drilled (42,394 drilled by prior operators)

Completed Pre-Feasibility 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

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2006 Reserve Estimate2006 Reserve Estimate

Revised Statement of Reserves and Resources, March 28, 2006

Contained Metal (millions)

Tonnes(millions)

Total Cu %

Moly %

Silvergm/t

EquivalentCopper

%Cu

Lbs.MolyLbs.

SilverOz.

Proven+ Probable (i) 1,374 0.51 0.018 7.06 0.71 15,459 546 312

Measured + Indicated (ii) 601 0.37 0.016 6.82 0.57 4,905 212 132

TotalTotal 1,9761,976 0.470.47 0.0170.017 6.996.99 0.670.67 20,36420,364 758758 444444

38331,5310.617.850.010.46151Total Inferred (ii)

(i) Metal Prices for Mineral Reserves and Resources $0.90/lb. Cu, $6.00/lb. Mo, $5.50/Oz AgCutoff Grades for Mineral Resources Vary by Year Floatation Cutoffs, $4.22 to $3.52 NSR / Tonne Leach Cutoffs, 0.44% to 0.085% Soluble CopperCutoff 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)

Total: 2,127 Total: 2,127 21,895 791 48221,895 791 482

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Toromocho ProjectToromocho ProjectMarch 2006 TechnicalMarch 2006 Technical Report Report (i)(i)

Excellent Economics 17% IRR, NPV$1.2 Billion at $1.30 Cu

Supports High Annual Metal Production273,000 Tonnes (601 Million lbs.)(601 Million lbs.) of Copper12 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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To Be Completed by the End of 2007

Lead Firm Aker Kvaerner Experience in Design and ConstructionOptimizing Concentrator Capacity

Investigating Increasing Heap LeachPossibility of Significantly Smaller Up Front Capital InvestmentShorter Timeframe to Copper ProductionPotential Local Source of Sulphuric Acid

Feasibility Study Feasibility Study

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Development Plan to June 2008Development Plan to June 2008

Exercise Toromocho OptionPeru Copper becomes owner of surface land and mining concessions

Consolidate Ownership PositionsSufficient for mine, facilities, tailings, heap

Complete Full Feasibility Study

Relocation of Morococha

Financing

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Share CapitalShare Capital

(1) Exercise Price @ CDN $1.26-$5.41 & US$1.40(2) 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

Cash at 9/30/06Cash at 9/30/06 US$42.2MUS$42.2M

Common Shares 119,208,624Shares Held by Founders 46,722,932Options (1) 7,540,260Brokers Options (2) 130,893

Fully Diluted 126,879,777

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SummarySummary

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 ExplorationTwo New Discoveries – North & South of Orebody

Continue Fast Track Development of Toromocho

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Listings:

TSX: PCRAMEX: CUP BVL: CUP

Website: www.perucopper.com

Investor Relations: 604-689-0234info@perucopper.com

Corporate InformationCorporate Information

1616

Cautionary & Disclaimer StatementsCautionary & Disclaimer StatementsCAUTIONARY 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 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-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.