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Warrants Alert

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Warrant Symbol - PCR.WT
Number  Trading - 21,863,662
Expiration Date - see below
Cusip - 715455 11 9

Warrants called to trade news:
Peru Copper to list on TSX on Oct. 5

2004-11-05 18:52 MT - New Listing
TSX bulletin 2004-1120
An application has been granted for the original listing in the mining category of up to 126,950,563 common shares of which up to 89,553,571 common shares will be issued and outstanding and up to 37,396,992 common shares will be reserved for issuance upon completion of the public offering.

An application has also been granted for the listing of up to 21,863,662 common share purchase warrants of which up to 19,626,787 warrants will be issued and outstanding and up to 2,236,875 warrants will be reserved for issuance upon completion of the initial public offering.

Listing of the common shares and warrants will become effective at 5:01 p.m. on Tuesday, Oct. 5, 2004, in anticipation of the public offering closing on Wednesday, Oct. 6, 2004. The common shares and warrants, other than those which have not been distributed to the public, will be posted for trading on Wednesday, Oct. 6, 2004.
The company will be subject to the reporting requirements of Section 502 of the Toronto Stock Exchange company manual.

Capitalized terms not otherwise defined are as defined in the prospectus dated Sept. 22, 2004.

Common shares symbols:  PCR
Common share Cusip No.:  715455 10 1

Warrants symbols:  PCR.WT
Warrants Cusip No.:  715455 11 9
Designated market-maker:  Independent Trading Group
Other markets:  None

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