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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.
20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the quarterly period endedJuly 31, 2010

Commission file number 000-52495

PACIFIC COPPER CORP.(Exact
name of registrant as specified in its charter)

|Delaware                 | 98-0504006                          
|------------------------ | ------------------------------------
|(State of incorporation) | (I.R.S. Employer Identification No.)

3040 N. Campbell Avenue, Suite 110, Tucson, Arizona 85719(Address of principal executive offices including zip code)

(520) 989-0221; FAX (520) 623-3326(Registrants
telephone number including area code)

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. 
Yes [x] No [ ]

Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files).

Yes [ ] No [ ]

Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See the definitions of large accelerated filer,
accelerated filer and smaller reporting company in Rule 12b-2 of the
Exchange Act. (Check one):

|Large accelerated filer [ ] | Accelerated filer [ ]                         | Non-accelerated filer [ ] | Smaller reporting company [x]
|--------------------------- | --------------------------------------------- | ------------------------- | -----------------------------
|                            | (Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [x]

The number of shares of registrants common stock outstanding as
of September 16, 2010 was 49,861,600.

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PART I  FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

PACIFIC COPPER CORP.(AN EXPLORATION STAGE MINING
COMPANY) (Unaudited- Prepared by Management)

INTERIM CONSOLIDATED FINANCIAL STATEMENTS

JULY 31, 2010

(Amounts expressed in US Dollars)

(Unaudited)

CONTENTS

|Interim
      Consolidated Balance Sheets as of July 31, 2010 (unaudited) and October
      31, 2009 (audited)                                                                                           | 2
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -
|                                                                                                                                                                                                         |  
|Interim
      Consolidated Statements of Operations for the nine months and three months
      ended July 31, 2010 and July 31, 2009 and the period from Inception (May
      18, 1999) to July 31, 2010 | 3
|                                                                                                                                                                                                         |  
|Interim
      Consolidated Statements of Changes in Stockholders' Equity for the nine
      months ended July 31, 2010 and from Inception (May 18, 1999) to July 31,
      2010.                         | 4
|                                                                                                                                                                                                         |  
|Interim
      Consolidated Statements of Cash Flows for the nine months ended July 31,
      2010 and July 31, 2009 and from Inception (May 18, 1999) to July 31, 2010.                                  | 5
|                                                                                                                                                                                                         |  
|Condensed
      Notes to Interim Consolidated Financial Statements                                                                                                                                       | 6

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|PACIFIC COPPER CORP.                     
|-----------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)    
|Interim Consolidated Balance Sheets as at
|July 31, 2010 and October 31, 2009       
|(Amounts expressed in US Dollars)        
|(Unaudited  Prepared by Management)     

|                                                                                                                                                                      |  | July 31,    |   |  | October 31, |  
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------- | - |  | ----------- | -
|                                                                                                                                                                      |  | 2010        |   |  | 2009        |  
|                                                                                                                                                                      |  | $           |   |  | $           |  
|ASSETS                                                                                                                                                                |  |             |   |  |             |  
|Current                                                                                                                                                               |  |             |   |  |             |  
|Cash                                                                                                                                                                  |  | 8,512       |   |  | 9,349       |  
|Prepaid expenses and other receivables                                                                                                                                |  | -           |   |  | 5,782       |  
|Deferred financing
      costs                                                                                                                                        |  | 2,289       |   |  | 4,023       |  
|Advances to a related party (note12)                                                                                                                                  |  | 20,000      |   |  | 36,000      |  
|Total Current Assets                                                                                                                                                  |  | 30,801      |   |  | 55,154      |  
|Plant and Equipment, net(note 4)                                                                                                                                      |  | 84,371      |   |  | 108,894     |  
|Mining claims(note 8)                                                                                                                                                 |  | 900         |   |  | 900         |  
|                                                                                                                                                                      |  |             |   |  |             |  
|Total Assets                                                                                                                                                          |  | 116,072     |   |  | 164,948     |  
|                                                                                                                                                                      |  |             |   |  |             |  
|                                                                                                                                                                      |  |             |   |  |             |  
|LIABILITIES                                                                                                                                                           |  |             |   |  |             |  
|Current                                                                                                                                                               |  |             |   |  |             |  
|Accounts payable                                                                                                                                                      |  | 663,381     |   |  | 350,832     |  
|Accrued liabilities                                                                                                                                                   |  | 47,686      |   |  | 84,208      |  
|Due to related parties (note 10)                                                                                                                                      |  | 1,393,848   |   |  | 1,055,033   |  
|Derivative financial
      instrument (note14)                                                                                                                        |  | 23,125      |   |  | 23,125      |  
|Advances from non-related party
      (note13)                                                                                                                        |  | 589,392     |   |  | 525,139     |  
|Convertible notes (note
      14)                                                                                                                                     |  | 205,684     |   |  | -           |  
|                                                                                                                                                                      |  |             |   |  |             |  
|Total Current Liabilities                                                                                                                                             |  | 2,923,116   |   |  | 2,038,337   |  
|Convertible notes (note14)                                                                                                                                            |  | -           |   |  | 142,119     |  
|Total Liabilities                                                                                                                                                     |  | 2,923,116   |   |  | 2,180,456   |  
|                                                                                                                                                                      |  |             |   |  |             |  
|Going Concern (note 2)                                                                                                                                                |  |             |   |  |             |  
|Commitments and Contingencies (note 9)                                                                                                                                |  |             |   |  |             |  
|Related Party Transactions (note 10)                                                                                                                                  |  |             |   |  |             |  
|                                                                                                                                                                      |  |             |   |  |             |  
|STOCKHOLDERS' DEFICIENCY                                                                                                                                              |  |             |   |  |             |  
|Capital Stock(note 5)                                                                                                                                                 |  |             |   |  |             |  
|Preferred stock, $0.0001
      par value, 50,000,000 shares authorized, Nil issued and outstanding
      
                (October 31,
      2009 - nil)              |  | -           |   |  | -           |  
|Common stock, $0.0001 par value,
      200,000,000 shares authorized, 49,861,600 issued and
      
                
      outstanding (October 31, 2009 - 49,561,600) |  | 4,986       |   |  | 4,956       |  
|Additional Paid-in Capital                                                                                                                                            |  | 15,150,428  |   |  | 15,092,695  |  
|Deferred stock compensation(note 11)                                                                                                                                  |  | (24,083     | ) |  | -           |  
|Accumulated other comprehensive
      income                                                                                                                          |  | 2,797       |   |  | 2,913       |  
|Non-controlling Interest                                                                                                                                              |  | 54,768      |   |  | 54,834      |  
|Deficit Accumulated During the
      Exploration Stage                                                                                                                |  | (17,995,940 | ) |  | (17,170,906 | )
|                                                                                                                                                                      |  |             |   |  |             |  
|Total Deficiency                                                                                                                                                      |  | (2,807,044  | ) |  | (2,015,508  | )
|                                                                                                                                                                      |  |             |   |  |             |  
|Total Liabilities and Deficiency                                                                                                                                      |  | 116,072     |   |  | 164,948     |  

See condensed notes to the unaudited interim consolidated
financial statements

2

---

|PACIFIC COPPER CORP.                                                                    
|----------------------------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                                                   
|Interim Consolidated Statements of Operations                                           
|For the nine months and three months ended July 31, 2010
      and July 31, 2009 and the
|Period from Inception (May 18, 1999) to July 31, 2010                                   
|(Amounts expressed in US Dollars)                                                       
|(Unaudited  Prepared by Management)                                                    

|                                                 |  |             |   |  | For the     |   |  | For the     |   |  | For the      |   |  | For the      |  
|------------------------------------------------ |  | ----------- | - |  | ----------- | - |  | ----------- | - |  | ------------ | - |  | ------------ | -
|                                                 |  |             |   |  | nine months |   |  | nine months |   |  | three months |   |  | three months |  
|                                                 |  | Cumulative  |   |  | ended       |   |  | ended       |   |  | ended        |   |  | ended        |  
|                                                 |  | since       |   |  | July 31,    |   |  | July 31,    |   |  | July 31,     |   |  | July 31,     |  
|                                                 |  | inception   |   |  | 2010        |   |  | 2009        |   |  | 2010         |   |  | 2009         |  
|                                                 |  |             |   |  |             |   |  |             |   |  |              |   |  |              |  
|                                                 |  | $           |   |  | $           |   |  | $           |   |  | $            |   |  | $            |  
|Operating Expenses                               |  |             |   |  |             |   |  |             |   |  |              |   |  |              |  
|                                                 |  |             |   |  |             |   |  |             |   |  |              |   |  |              |  
|General and administration (note 16)             |  | 5,941,489   |   |  | 336,023     |   |  | 965,156     |   |  | 63,773       |   |  | 309,233      |  
|Project expenses (note 15)                       |  | 5,526,803   |   |  | 341,242     |   |  | 862,969     |   |  | 114,568      |   |  | 183,648      |  
|Mineral claims acquisition cost expense (note 8) |  | 6,273,571   |   |  | -           |   |  | -           |   |  | -            |   |  | -            |  
|Amortization                                     |  | 113,730     |   |  | 24,523      |   |  | 45,867      |   |  | 8,174        |   |  | 15,289       |  
|                                                 |  |             |   |  |             |   |  |             |   |  |              |   |  |              |  
|Total Operating Expenses                         |  | 17,855,593  |   |  | 701,788     |   |  | 1,873,992   |   |  | 186,515      |   |  | 508,170      |  
|                                                 |  |             |   |  |             |   |  |             |   |  |              |   |  |              |  
|Loss from Operations                             |  | (17,855,593 | ) |  | (701,788    | ) |  | (1,873,992  | ) |  | (186,515     | ) |  | (508,170     | )
|                                                 |  |             |   |  |             |   |  |             |   |  |              |   |  |              |  
|Other income-interest                            |  | 54,508      |   |  | -           |   |  | -           |   |  | -            |   |  | -            |  
|Other expense-Interest                           |  | (234,170    | ) |  | (123,309    | ) |  | (61,986     | ) |  | (39,396      | ) |  | (24,946      | )
|Other income (expense)-Derivative                |  |             |   |  |             |   |  |             |   |  |              |   |  |              |  
|Financial Instrument                             |  | 38,750      |   |  | -           |   |  | (22,500     | ) |  | -            |   |  | (61,875      | )
|                                                 |  |             |   |  |             |   |  |             |   |  |              |   |  |              |  
|Loss before Income Taxes                         |  | (17,996,505 | ) |  | (825,097    | ) |  | (1,958,478  | ) |  | (225,911     | ) |  | (594,991     | )
|                                                 |  |             |   |  |             |   |  |             |   |  |              |   |  |              |  
|Provision for income taxes                       |  | -           |   |  | -           |   |  | -           |   |  | -            |   |  | -            |  
|                                                 |  |             |   |  |             |   |  |             |   |  |              |   |  |              |  
|Net Loss                                         |  | (17,996,505 | ) |  | (825,097    | ) |  | (1,958,478  | ) |  | (225,911     | ) |  | (594,991     | )
|                                                 |  |             |   |  |             |   |  |             |   |  |              |   |  |              |  
|Net Loss attributable to                         |  |             |   |  |             |   |  |             |   |  |              |   |  |              |  
|Non-controlling interests                        |  | 565         |   |  | 63          |   |  | 16          |   |  | -            |   |  | -            |  
|Net loss attributable to Pacific                 |  |             |   |  |             |   |  |             |   |  |              |   |  |              |  
|Copper Corp. Stockholders                        |  | (17,995,940 | ) |  | (825,034    | ) |  | (1,958,462  | ) |  | (225,911     | ) |  | (594,991     | )
|                                                 |  |             |   |  |             |   |  |             |   |  |              |   |  |              |  
|Loss per share-Basic and Diluted                 |  |             |   |  | (0.02       | ) |  | (0.04       | ) |  | (0.00        | ) |  | (0.01        | )
|                                                 |  |             |   |  |             |   |  |             |   |  |              |   |  |              |  
|Weighted Average Common Shares Outstanding       |  |             |   |  | 49,752,809  |   |  | 44,561,600  |   |  | 49,861,600   |   |  | 44,561,600   |  

See condensed notes to the unaudited interim consolidated
financial statements

3

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|PACIFIC COPPER CORP.                                                                                                         
|-----------------------------------------------------------------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                                                                                        
|Consolidated Statements of Changes in Stockholders Equity
      (Deficiency) from inception (May 18, 1999) to April 30, 2010
|(Amounts expressed in US Dollars)                                                                                            

|                                                                                     |  |              |   |  |         |  |  |            |   |  |              |   |  |             |   |  |             |   |  |               |  |  | Total         |   |  |            |  |  |              |   |  | Comprehensive   |  
|------------------------------------------------------------------------------------ |  | ------------ | - |  | ------- |  |  | ---------- | - |  | ------------ | - |  | ----------- | - |  | ----------- | - |  | ------------- |  |  | ------------- | - |  | ---------- |  |  | ------------ | - |  | --------------- | -
|                                                                                     |  |              |   |  |         |  |  |            |   |  |              |   |  |             |   |  |             |   |  |               |  |  | Pacific       |   |  |            |  |  |              |   |  | Income (loss)   |  
|                                                                                     |  |              |   |  |         |  |  |            |   |  |              |   |  |             |   |  | Deficit     |   |  | Accumulated   |  |  | Copper        |   |  |            |  |  |              |   |  | attributable to |  
|                                                                                     |  |              |   |  |         |  |  |            |   |  |              |   |  |             |   |  | Accumulated |   |  | Other         |  |  | Corp.         |   |  |            |  |  |              |   |  | Pacific Copper  |  
|                                                                                     |  |              |   |  |         |  |  | Additional |   |  | Deferred     |   |  | Stock       |   |  | during the  |   |  | Comprehensive |  |  | Stockholders' |   |  | Non-       |  |  | Total        |   |  | Corp.           |  
|                                                                                     |  | Common Stock |   |  | Paid-in |  |  | Stock      |   |  | Subscription |   |  | Exploration |   |  | Income      |   |  | Equity        |  |  | Controlling   |   |  | Deficiency |  |  | Stockholders |  
|                                                                                     |  | Number       |   |  | Amount  |  |  | Capital    |   |  | Compensation |   |  | Receivable  |   |  | Stage       |   |  | (Loss)        |  |  | (Deficiency)  |   |  | Interests  |  |  |              |   |  |                 |  
|                                                                                     |  | of Shares    |   |  | $       |  |  | $          |   |  | $            |   |  | $           |   |  | $           |   |  | $             |  |  | $             |   |  | $          |  |  | $            |   |  | $               |  
|Common stock issued on
      inception                                               |  | 1            |   |  |         |  |  | 1          |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 1             |   |  |            |  |  | 1            |   |  |                 |  
|Common shares issued for nil
      consideration                                     |  | 7,605,932    |   |  | 761     |  |  | (761       | ) |  |              |   |  |             |   |  | -           |   |  |               |  |  | -             |   |  |            |  |  | -            |   |  |                 |  
|Cancelled shares                                                                     |  | (1           | ) |  | -       |  |  | (1         | ) |  |              |   |  |             |   |  |             |   |  |               |  |  | (1            | ) |  |            |  |  | (1           | ) |  |                 |  
|Contributed
      Services                                                           |  |              |   |  |         |  |  | 8,743      |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 8,743         |   |  |            |  |  | 8,743        |   |  |                 |  
|Net Loss for the period from
      inception (May 18, 1999) through October 31, 2004 |  |              |   |  |         |  |  | -          |   |  |              |   |  |             |   |  | (8,743      | ) |  |               |  |  | (8,743        | ) |  |            |  |  | (8,743       | ) |  | (8,743          | )
|Balance, October 31, 2004                                                            |  | 7,605,932    |   |  | 761     |  |  | 7,982      |   |  | -            |   |  |             |   |  | (8,743      | ) |  |               |  |  | -             |   |  |            |  |  | -            |   |  | (8,743          | )
|Contributed Services                                                                 |  |              |   |  |         |  |  | 1,178      |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 1,178         |   |  |            |  |  | 1,178        |   |  |                 |  
|Net Loss                                                                             |  |              |   |  |         |  |  | -          |   |  |              |   |  |             |   |  | (1,178      | ) |  |               |  |  | (1,178        | ) |  |            |  |  | (1,178       | ) |  | (1,178          | )
|Balance October 31, 2005                                                             |  | 7,605,932    |   |  | 761     |  |  | 9,160      |   |  | -            |   |  |             |   |  | (9,921      | ) |  |               |  |  | -             |   |  |            |  |  | -            |   |  | (1,178          | )
|Common shares issued for cash                                                        |  | 4,710,000    |   |  | 471     |  |  | 470,529    |   |  |              |   |  |             |   |  | -           |   |  |               |  |  | 471,000       |   |  |            |  |  | 471,000      |   |  |                 |  
|Common shares issued for
      acquisition of interests in mineral claims            |  | 5,000,000    |   |  | 500     |  |  | 499,500    |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 500,000       |   |  |            |  |  | 500,000      |   |  |                 |  
|Net Loss                                                                             |  | -            |   |  | -       |  |  | -          |   |  |              |   |  |             |   |  | (647,453    | ) |  |               |  |  | (647,453      |   |  |            |  |  | (647,453     | ) |  | (647,453        | )
|Balance, October 31, 2006
      (audited)                                            |  | 17,315,932   |   |  | 1,732   |  |  | 979,189    |   |  | -            |   |  |             |   |  | (657,374    | ) |  |               |  |  | 323,547       |   |  |            |  |  | 323,547      |   |  | (647,453        | )
|Common shares issued for cash                                                        |  | 660,000      |   |  | 66      |  |  | 65,934     |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 66,000        |   |  |            |  |  | 66,000       |   |  |                 |  
|Common shares issued for cash                                                        |  | 2,000,000    |   |  | 200     |  |  | 199,800    |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 200,000       |   |  |            |  |  | 200,000      |   |  |                 |  
|Common shares issued for cash                                                        |  | 4,520,000    |   |  | 452     |  |  | 2,259,548  |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 2,260,000     |   |  |            |  |  | 2,260,000    |   |  |                 |  
|Stock subscription received                                                          |  |              |   |  |         |  |  | 30,000     |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 30,000        |   |  |            |  |  | 30,000       |   |  |                 |  
|Stock Issuance cost                                                                  |  |              |   |  |         |  |  | (72,800    | ) |  |              |   |  |             |   |  |             |   |  |               |  |  | (72,800       | ) |  |            |  |  | (72,800      | ) |  |                 |  
|Common shares issued for
      stock subscriptions received                          |  | 60,000       |   |  | 6       |  |  | (6         | ) |  |              |   |  |             |   |  |             |   |  |               |  |  | -             |   |  |            |  |  | -            |   |  |                 |  
|Common shares issued for cash                                                        |  | 1,590,000    |   |  | 159     |  |  | 794,841    |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 795,000       |   |  |            |  |  | 795,000      |   |  |                 |  
|Common shares issued for
      services                                              |  | 3,000,000    |   |  | 300     |  |  | 1,499,700  |   |  | (1,062,499   | ) |  |             |   |  |             |   |  |               |  |  | 437,501       |   |  |            |  |  | 437,501      |   |  |                 |  
|Stock based compensation                                                             |  |              |   |  |         |  |  | 294,574    |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 294,574       |   |  |            |  |  | 294,574      |   |  |                 |  
|Compensation expense on issue
      of warrants                                      |  |              |   |  |         |  |  | 21,093     |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 21,093        |   |  |            |  |  | 21,093       |   |  |                 |  
|Stock Issuance cost                                                                  |  |              |   |  |         |  |  | (43,750    | ) |  |              |   |  |             |   |  |             |   |  |               |  |  | (43,750       | ) |  |            |  |  | (43,750      | ) |  |                 |  
|Net Loss                                                                             |  | -            |   |  | -       |  |  | -          |   |  |              |   |  |             |   |  | (2,940,779  | ) |  |               |  |  | (2,940,779    | ) |  |            |  |  | (2,940,779   | ) |  | (2,940,779      | )
|Balance October 31, 2007
      (audited)                                             |  | 29,145,932   |   |  | 2,915   |  |  | 6,028,123  |   |  | (1,062,499   | ) |  |             |   |  | (3,598,153  | ) |  |               |  |  | 1,370,386     |   |  |            |  |  | 1,370,386    |   |  | (2,940,779      | )
|Common stock issued on
      acquisition of Peru subsidiary                          |  | 4,850,000    |   |  | 485     |  |  | 2,424,515  |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 2,425,000     |   |  | 24,556     |  |  | 2,449,556    |   |  |                 |  
|Common stock issued on
      acquisition of Chile subsidiary                         |  | 6,088,452    |   |  | 608     |  |  | 3,043,617  |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 3,044,225     |   |  | 30,750     |  |  | 3,074,975    |   |  |                 |  
|Common shares issued for cash
      (net)                                            |  | 3,157,143    |   |  | 316     |  |  | 1,027,334  |   |  |              |   |  | (175,000    | ) |  |             |   |  |               |  |  | 852,650       |   |  |            |  |  | 852,650      |   |  |                 |  
|Common shares issued for cash
      (net)                                            |  | 743,572      |   |  | 75      |  |  | 246,805    |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 246,880       |   |  |            |  |  | 246,880      |   |  |                 |  
|Stock subscription received                                                          |  |              |   |  |         |  |  |            |   |  |              |   |  | 175,000     |   |  |             |   |  |               |  |  | 175,000       |   |  |            |  |  | 175,000      |   |  |                 |  
|Common shares issued for cash
      (net)                                            |  | 576,501      |   |  | 57      |  |  | 201,228    |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 201,285       |   |  |            |  |  | 201,285      |   |  |                 |  
|stock based compensation                                                             |  |              |   |  |         |  |  | 679,971    |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 679,971       |   |  |            |  |  | 679,971      |   |  |                 |  
|Compensation expense on issue
      of warrants                                      |  | -            |   |  | -       |  |  | 235,982    |   |  | -            |   |  |             |   |  | -           |   |  |               |  |  | 235,982       |   |  |            |  |  | 235,982      |   |  |                 |  
|Amortization of deferred
      stock compensation                                    |  |              |   |  |         |  |  |            |   |  | 916,666      |   |  |             |   |  |             |   |  |               |  |  | 916,666       |   |  |            |  |  | 916,666      |   |  |                 |  
|Beneficial conversion feature
      of the convertible note financing transaction    |  |              |   |  |         |  |  | 5,625      |   |  |              |   |  |             |   |  |             |   |  |               |  |  | 5,625         |   |  |            |  |  | 5,625        |   |  |                 |  
|Foreign currency translation                                                         |  |              |   |  |         |  |  |            |   |  |              |   |  |             |   |  |             |   |  | 1,053         |  |  | 1,053         |   |  | 11         |  |  | 1,064        |   |  | 1,053           |  

---

|Net Loss for the year ended
      October 31, 2008                        |  | -          |  |  | -     |  |  | -          |  |  | -        |   |  |   |  |  | (10,579,162 | ) |  |       |   |  | (10,579,162 | ) |  | (356   | ) |  | (10,579,518 | ) |  | (10,579,162 | )
|------------------------------------------------------------------------- |  | ---------- |  |  | ----- |  |  | ---------- |  |  | -------- | - |  | - |  |  | ----------- | - |  | ----- | - |  | ----------- | - |  | ------ | - |  | ----------- | - |  | ----------- | -
|Balance October
      31, 2008 (audited)                                  |  | 44,561,600 |  |  | 4,456 |  |  | 13,893,200 |  |  | (145,833 | ) |  | - |  |  | (14,177,315 | ) |  | 1,053 |   |  | (424,439    | ) |  | 54,961 |   |  | (369,478    | ) |  | (10,578,109 | )
|Stock based compensation                                                  |  |            |  |  |       |  |  | 256,091    |  |  |          |   |  |   |  |  |             |   |  |       |   |  | 256,091     |   |  |        |   |  | 256,091     |   |  |             |  
|Compensation
      expense on issue of warrants                           |  |            |  |  |       |  |  | 85,855     |  |  |          |   |  |   |  |  |             |   |  |       |   |  | 85,855      |   |  |        |   |  | 85,855      |   |  |             |  
|Amortization of deferred stock
      compensation                         |  |            |  |  |       |  |  |            |  |  | 145,833  |   |  |   |  |  |             |   |  |       |   |  | 145,833     |   |  |        |   |  | 145,833     |   |  |             |  
|Beneficial
      conversion feature of convertible debt                   |  |            |  |  |       |  |  | 55,950     |  |  |          |   |  |   |  |  |             |   |  |       |   |  | 55,950      |   |  |        |   |  | 55,950      |   |  |             |  
|Fair value of warrants issued                                             |  |            |  |  |       |  |  | 52,099     |  |  |          |   |  |   |  |  |             |   |  |       |   |  | 52,099      |   |  |        |   |  | 52,099      |   |  |             |  
|Common shares
      issued for acquisition of interests in mineral claims |  | 5,000,000  |  |  | 500   |  |  | 749,500    |  |  |          |   |  |   |  |  |             |   |  |       |   |  | 750,000     |   |  |        |   |  | 750,000     |   |  |             |  
|Foreign currency translation                                              |  |            |  |  |       |  |  |            |  |  |          |   |  |   |  |  |             |   |  | 1,860 |   |  | 1,860       |   |  | 19     |   |  | 1,879       |   |  | 1,860       |  
|Net Loss for
      the year ended October 31, 2009                        |  |            |  |  |       |  |  |            |  |  |          |   |  |   |  |  | (2,993,591  | ) |  |       |   |  | (2,993,591  | ) |  | (146   | ) |  | (2,993,737  | ) |  | (2,993,591  | )
|Balance October 31, 2009                                                  |  | 49,561,600 |  |  | 4,956 |  |  | 15,092,695 |  |  | -        |   |  |   |  |  | (17,170,906 | ) |  | 2,913 |   |  | (2,070,342  | ) |  | 54,834 |   |  | (2,015,508  | ) |  | (2,991,731  | )
|Common shares
      issued for services                                   |  | 300,000    |  |  | 30    |  |  | 29,970     |  |  | (24,083  | ) |  |   |  |  |             |   |  |       |   |  | 5,917       |   |  |        |   |  | 5,917       |   |  |             |  
|Stock based compensation                                                  |  |            |  |  |       |  |  | 27,763     |  |  |          |   |  |   |  |  |             |   |  |       |   |  | 27,763      |   |  |        |   |  | 27,763      |   |  |             |  
|Foreign
      currency translation                                        |  |            |  |  |       |  |  |            |  |  |          |   |  |   |  |  |             |   |  | (116  | ) |  | (116        | ) |  | (3     | ) |  | (119        | ) |  | (116        | )
|Net Loss for the period ended
      July 31, 2010                         |  |            |  |  |       |  |  |            |  |  |          |   |  |   |  |  | (825,034    | ) |  |       |   |  | (825,034    | ) |  | (63    | ) |  | (825,097    | ) |  | (825,034    | )
|Balance July
      31, 2010                                               |  | 49,861,600 |  |  | 4,986 |  |  | 15,150,428 |  |  | (24,083  | ) |  | - |  |  | (17,995,940 | ) |  | 2,797 |   |  | (2,861,812  | ) |  | 54,768 |   |  | (2,807,044  | ) |  | (825,150    | )

The accompanying notes are an integral part of these unaudited
interim consolidated financial statements.

4

---

|PACIFIC COPPER CORP.                                                                                              
|------------------------------------------------------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                                                                             
|Interim Consolidated Statements of Cash Flows                                                                     
|For the nine months ended July 31, 2010 and July 31, 2009
      and from inception (May 18, 1999) to July 31, 2010
|(Amounts expressed in US Dollars)                                                                                 
|(Unaudited  Prepared by Management)                                                                              

|                                                                |  | Cumulative  |   |  |          |   |  |            |  
|--------------------------------------------------------------- |  | ----------- | - |  | -------- | - |  | ---------- | -
|                                                                |  | Since       |   |  | July 31, |   |  | July 31,   |  
|                                                                |  | Inception   |   |  | 2010     |   |  | 2009       |  
|Cash Flows from Operating Activities                            |  |             |   |  |          |   |  |            |  
|Net Loss                                                        |  | (17,995,940 | ) |  | (825,097 | ) |  | (1,958,478 | )
|Adjustment for:                                                 |  |             |   |  |          |   |  |            |  
|Amortization                                                    |  | 113,730     |   |  | 24,523   |   |  | 45,867     |  
|Stock based compensation                                        |  | 1,258,399   |   |  | 27,763   |   |  | 194,218    |  
|Compensation expense on issue of warrants                       |  | 342,930     |   |  | -        |   |  | 80,211     |  
|Expenses
      credited (debited) to Additional Paid-in Capital |  | 7,932       |   |  | -        |   |  | (1,989     | )
|Shares
      issued for mineral claims                          |  | 6,719,225   |   |  | -        |   |  | -          |  
|Amortization of deferred
      stock compensation               |  | 1,505,917   |   |  | 5,917    |   |  | 145,833    |  
|Interest
      on loans                                         |  | 91,698      |   |  | 37,103   |   |  | 35,830     |  
|Fair value adjustment to
      compound derivative              |  | 16,250      |   |  | -        |   |  | 2,500      |  
|Fair
      value adjustment to additional investment rights     |  | (55,000     | ) |  | -        |   |  | 20,000     |  
|Amortization of debt
      discount                             |  | 96,722      |   |  | 63,565   |   |  | 17,370     |  
|Changes in non-cash
      working capital                       |  |             |   |  |          |   |  |            |  
|Prepaid expenses                                                |  | -           |   |  | 5,782    |   |  | 28,384     |  
|Deferred
      financing costs                                  |  | (2,289      | ) |  | 1,734    |   |  | (4,601     | )
|Advances to related
      parties                               |  | (20,000     | ) |  | 16,000   |   |  | 175,000    |  
|Accounts
      payable                                          |  | 663,381     |   |  | 312,549  |   |  | 52,416     |  
|Accrued liabilities                                             |  | 47,686      |   |  | (36,522  | ) |  | (74,877    | )
|Due to
      related parties                                    |  | 1,393,848   |   |  | 338,815  |   |  | 865,671    |  
|Minority Interest                                               |  | 54,768      |   |  | (66      | ) |  | (16        | )
|                                                                |  |             |   |  |          |   |  |            |  
|Net cash used in operating activities                           |  | (5,760,743  | ) |  | (27,934  | ) |  | (376,661   | )
|                                                                |  |             |   |  |          |   |  |            |  
|Cash Flows from Investing Activities                            |  |             |   |  |          |   |  |            |  
|Acquisition of plant and equipment                              |  | (198,101    | ) |  | -        |   |  | -          |  
|Acquisition of mineral
      claims                             |  | (900        | ) |  | -        |   |  | -          |  
|                                                                |  |             |   |  |          |   |  |            |  
|Net cash used in investing activities                           |  | (199,001    | ) |  | -        |   |  | -          |  
|                                                                |  |             |   |  |          |   |  |            |  
|Cash Flows from Financing Activities                            |  |             |   |  |          |   |  |            |  
|Issuance
      of common shares for cash (net)                  |  | 5,181,265   |   |  | -        |   |  | -          |  
|Advances from non-related
      parties                         |  | 498,809     |   |  | 28,264   |   |  | 145,000    |  
|Advances
      from related parties                             |  | -           |   |  | -        |   |  | -          |  
|Convertible notes                                               |  | 286,500     |   |  | -        |   |  | 166,500    |  
|                                                                |  |             |   |  |          |   |  |            |  
|Net cash provided by financing
      activities                 |  | 5,966,574   |   |  | 28,264   |   |  | 311,500    |  
|                                                                |  |             |   |  |          |   |  |            |  
|Effect of foreign currency exchange rate changes                |  | 1,682       |   |  | (1,167   | ) |  | 1827       |  
|Net increase (decrease) in Cash                                 |  | 8,512       |   |  | (837     | ) |  | (63,334    | )
|Cash- beginning of period                                       |  | -           |   |  | 9,349    |   |  | 110,746    |  
|                                                                |  |             |   |  |          |   |  |            |  
|Cash - end of period                                            |  | 8,512       |   |  | 8,512    |   |  | 47,412     |  
|                                                                |  |             |   |  |          |   |  |            |  
|                                                                |  |             |   |  |          |   |  |            |  
|Supplemental Cash Flow Information                              |  |             |   |  |          |   |  |            |  
|Interest paid                                                   |  | -           |   |  | -        |   |  | -          |  
|Income taxes paid                                               |  | **-**       |   |  | -        |   |  | -          |  

See condensed notes to the unaudited interim consolidated
financial statements

5

---

|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

1. Basis of Presentation

The accompanying unaudited condensed consolidated financial
statements have been prepared in accordance with the instructions to Form 10-Q
and therefore do not include all information and footnotes necessary for a fair
presentation of financial position, results of operations and cash flows in
conformity with U.S. generally accepted accounting principles; however, such
information reflects all adjustments (consisting solely of normal recurring
adjustments), which are, in the opinion of management, necessary for a fair
statement of the results for the interim periods.

The condensed consolidated financial statements should be read
in conjunction with the consolidated financial statements and Notes thereto
together with managements discussion and analysis of financial condition and
results of operations contained in the Companys annual report on Form 10-K for
the year ended October 31, 2009. In the opinion of management, the accompanying
condensed consolidated financial statements reflect all adjustments of a normal
recurring nature considered necessary to fairly state the financial position of
the Company at July 31, 2010 and October 31, 2009, the results of its operations
for the three and nine month periods ended July 31, 2010 and July 31, 2009, and
its cash flows for the nine month periods ended July 31, 2010 and July 31, 2009.
In addition, some of the Companys statements in this quarterly report on Form
10-Q may be considered forward-looking and involve risks and uncertainties that
could significantly impact expected results. The results of operations for the
nine-month period ended July 31, 2010 are not necessarily indicative of results
to be expected for the full year.

The interim consolidated financial statements include the
accounts of Pacific Copper Corp. (the Company or Pacific Copper ), and its
subsidiaries Pacific Copper Peru SRL, a limited liability partnership (99% owned
by the Company) and Sociedad Pacific Copper Chile Limitada, a limited liability
partnership (99% owned by the Company). All material inter-company accounts and
transactions have been eliminated.

2. Going Concern

The Company's financial statements are presented on a going
concern basis, which contemplates the realization of assets and satisfaction of
liabilities in the normal course of business. The Company has no source for
operating revenue and expects to incur significant expenses before establishing
operating revenue. The Company has a need for equity capital and financing for
working capital and exploration of its properties. Because of continuing
operating losses, negative working capital and cash outflows from operations,
the Companys continuance as a going concern is dependent upon its ability to
obtain adequate financing and to reach profitable levels of operation. The
Companys future success is dependent upon its continued ability to raise
sufficient capital, not only to maintain its operating expenses, but to explore
for reserves. There is no guarantee that such capital will continue to be
available on acceptable terms, if at all or if the Company will attain
profitable levels of operation. Managements plans to mitigate these conditions
are described below.

The Company is in the exploration stage and has not yet
realized revenues from any operations. The Company has incurred a loss of
$825,097 for the nine month period ended July 31, 2010. This loss includes a
non-cash stock based compensation expense for $27,763. At July 31, 2010, the
Company had an accumulated deficit during the exploration stage of $17,995,940.
During the year ended October 31, 2008 the Company raised capital of $1,475,815
(net of offering costs). Further, during the year ended October 31, 2008 the
Company raised an additional $100,000 being subscription for convertible notes
(See note 15-Convertible Note Financing Transaction). The Company raised an
additional $186,500 during the year ended October 31, 2009 from issue of
convertible notes. Management's plan is to continue raising capital through
future equity or debt financing until it achieves profitable operations from
mineral extraction activities.

6

---

|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

3. Nature of Business and Operations

The Company was incorporated on May 18, 1999 as Gate-1
Financial, Inc. under the laws of the State of Delaware. On August 17, 2006,
Gate-1 Financial, Inc. changed its name to Pacific Copper Corp. The Company
operates with the intent of exploration and, if feasible, extraction of
minerals.

On December 17, 2007, Pacific Copper completed the acquisition
of Pacific Copper Peru SRL, a limited liability partnership organized under the
laws of Peru (Peru SRL) pursuant to the Share Exchange Agreement among the
Company, Peru SRL and the former partners of Peru SRL dated as of April 11,
2007, as amended (the Peru Agreement).

Pursuant to the Peru Agreement, the Company issued 4,850,000
shares of the Companys common stock (the Peru Consideration Shares) to the
partners of Peru SRL as consideration for the acquisition of 99% of Peru SRL. As
a result of the acquisition, Peru SRL became a subsidiary of the Company. The
Peru Consideration Shares were issued in escrow subject to a Closing and Escrow
Agreement dated December 14, 2007 among the Company, Peru SRL and the former
partners of Peru SRL (the Closing Agreement). Pursuant to the terms of the
Closing Agreement, the former partners of Peru SRL must satisfy certain
post-closing items, prior to the release of the Peru Consideration Shares from
escrow. As of the date of this report, the closing conditions remain
unsatisfied, and the Peru Consideration Shares remain in escrow.

On January 8, 2008, Pacific Copper acquired Sociedad Pacific
Copper Chile Limitada, a limited liability partnership organized under the laws
of Chile (Pacific LTDA) pursuant to a Share Exchange Agreement entered into as
of April 11, 2007 (the Chile Agreement), as amended, between the Company and
the former partners of Pacific LTDA. Pursuant to the Chile Agreement the Company
issued 6,088,452 of its common shares (the Chile Consideration Shares) to the
former partners of Pacific LTDA as consideration for the acquisition of 99% of
Pacific LTDA. The 1% minority interest was credited with $30,750. As a result of
the acquisition, Pacific LTDA became a subsidiary of the Company. The Chile
Consideration Shares were issued in escrow subject to a Closing and Escrow
Agreement dated January 8, 2008 among the Company, Pacific LTDA and the former
partners of Pacific LTDA (the Closing Agreement). Pursuant to the terms of the
Closing Agreement, the former partners of Pacific LTDA had to satisfy certain
post-closing items prior to the release of the Chile Consideration Shares from
escrow. The conditions under the Closing Agreement have been satisfied or
waived, and the Chile Consideration shares have been issued to the former
partners of Pacific LTDA.

7

---

|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

4. Plant and Equipment, Net

Plant and equipment are recorded at cost less accumulated
depreciation. Depreciation is provided commencing in the month following
acquisition using the following annual rate and method:

Computer equipment
    30%
    declining balance methodOffice furniture and fixtures
    20%
    declining balance methodOperating equipment
    30%
  declining balance method


|                               |   | July 31, 2010 |  |  | October 31, 2009 | 
|------------------------------ | - | ------------- |  |  | ---------------- | 
|                               |   |               |  |  | Accumulated      | 
|                               |   | Cost          |  |  | Depreciation     | 
|                               |   | $             |  |  | $                | 
|Office, furniture and fixtures |   | 386           |  |  | 205              | 
|Computer equipment             |   | 6,529         |  |  | 3,958            | 
|Operating equipment            |   | 191,185       |  |  | 109,566          | 
|                               |   | 198,100       |  |  | 113,729          | 
|Net carrying amount            | $ | 84,371        |  |  |                  | 

5. Issuance of Common Shares

Year ended October 31, 2009

As of February 27, 2009 Pacific Copper, through its wholly
owned subsidiary Pacific LTDA, entered into a definitive mineral property
acquisition agreement (the Gareste Agreement) with Sociedad Gareste Limitada,
a Chilean limited liability company in which Harold Gardner, a Director of the
Company, is a 50% owner and co-managing director. Pursuant to the Gareste
Agreement, the Company acquired a 100% interest in the following copper oxide or
leachable copper properties located in Atacama Region III, Chile: the Venado
Property (also known as the Venapai Property) consisting of approximately
4,900 hectares of exploration concessions, located roughly 45 kilometers from
the city of Copiapo, the El Corral Property, consisting of approximately 3,600
hectares of exploration concessions, located roughly 60 kilometers from the city
of Copiapo, and the adjacent La Mofralla Property, consisting of approximately
250 hectares of exploration concessions also located roughly 60 kilometers from
the City of Copiapo. These properties were subject to separate letters of intent
entered into during July and October of 2008. Under the Gareste Agreement the
Company issued a total of 5,000,000 shares of its common stock to Gareste on
October 12, 2009, allocable as follows: 2,000,000 shares of common stock as
consideration for the Venado Property, 2,000,000 shares of common stock as
consideration for the El Corral Property and 1,000,000 shares of common stock as
consideration for the La Mofralla Property (collectively, the Gareste Oxide
Shares). The Company expensed $749,700, relating to the issue of 5,000,000
common shares calculated at $0.15 per common share net of capitalization for
$300 for mineral property claims. Property acquisition costs relating to the
exploration properties are being expensed until the economic viability of the
project is determined and proven and probable reserves quantified. In the
absence of proven and probable reserves, the Company is unable to allocate any
economic values to the claims groups acquired in the transaction. In addition to
the Gareste Oxide Shares, the Company granted the following royalties to
Gareste: the Venado Property is subject to a 2% net smelter return royalty,
capped at $10,000,000, 50% of which can be repurchased at any time prior to the
commencement of production for $3,000,000, and the El Corral Property is subject
to a 2% net smelter return royalty, capped at $10,000,000, 50% of which can be
repurchased at any time prior to the commencement of production for
$2,000,000.

8

---

|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

5. Issuance of Common Shares Contd

Nine months ended July 31, 20 10

The Company executed a consulting agreement effective February
8, 2010, whereby the Company authorized the issuance of 300,000 restricted
common shares to the consultant as compensation for investor relation services
for a period of 2 years. The Company expensed $5,917 during the nine month
period ended July 31, 2010.

6. Stock Purchase Warrants

Number of
    
    
    ExerciseWarrants Granted
    
    
    Prices
    
    
    Expiry Date$Outstanding at October 31,
      2007 and average exercise price
    
    4,318,100
    
    
    0.70Granted in year 2008
    
    1,623,571
    
    
    0.50
    
    
    4/30/2010Granted in year 2008
    
    175,857
    
    
    0.50
    
    
    6/6/2010Granted in year 2008
    
    208,928
    
    
    0.50
    
    
    7/30/2010Granted in year 2008
    
    253,248
    
    
    0.50
    
    
    9/12/2010Granted in year 2008
    
    500,000
    
    
    0.50
    
    
    9/23/2013Granted in year 2008
    
    35,000
    
    
    0.50
    
    
    10/24/2010Outstanding at October 31,
      2008 and average exercise price
    
    7,114,704
    
    
    0.62Granted in year 2009
    
    1,865,000
    
    
    0.25
    
    
    7/27/2011Expired in year 2009
    
    (3,085,000
    )
    
    (0.75
    )Expired in year 2009
    
    (233,100
    )
    
    0.50Outstanding at October 31,
      2009 and average exercise price
    
    5,661,604
    
    
    0.43Granted in 2010
    
    -
    
    
    -Expired in year 2010
    
    (2,008,356
    )
    
    (0.50
    )Outstanding at July 31,
      2010 and average exercise price
    
    3,653,248
    
    
    0.39


The warrants do not confer upon the holders any rights or
interest as a shareholder of the Company.

9

---

|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

6. Stock Purchase Warrants-Contd

Year ended
  October 31, 2009

On July 27, 2009 and October 26, 2009, the Company issued 12%
convertible notes to multiple investors with an aggregate face value of
$186,500. In conjunction with the offering the Company issued 1,865,000 warrants
to the investors indexed to 1,865,000 shares of common stock with an exercise
price of $.25 per share and exercisable for a period of 2 years.

Nine months ended July 31, 2010

The Company did not issue any warrants during the nine month
period ended July 31, 2010

7. Stock Based Compensation

On August 8, 2006, the Board of Directors approved a stock
option plan (the"2006 Stock Option Plan"), the purpose of which is to enhance
the Company's stockholder value and financial performance by attracting,
retaining and motivating the Company's officers, directors, key employees,
consultants and its affiliates and to encourage stock ownership by such
individuals by providing them with a means to acquire a proprietary interest in
the Company's success through stock ownership. Under the 2006 Stock Option Plan,
officers, directors, employees and consultants who provide services to the
Company may be granted options to acquire common shares of the Company. Options
may have a term of up to 10 years. The aggregate number of shares of common
stock originally authorized under the plan was 5,000,000. Since adoption of the
Plan an additional 900,000 shares were authorized for issuance pursuant to the
Plans evergreen share reserve increase provision.

10

---

|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

7.     Stock Based Compensation
-Contd

During the nine month period ended July 31, 2010, no stock
options were granted.

During the nine month period ended July 31, 2010, the Company
has recognized in its financial statements, stock-based compensation costs as
per the following details. The fair value of each option used for the purpose of
estimating the stock compensation is based on the grant date using the
Black-Scholes option pricing model with the following weighted average
assumptions.

|Date of grant                                                                      |   | 14-May    |  |   | 20-Jul  |  |   | 1-Aug     |  |   | 9-Aug   |  |   | 20-Feb  |  |   | 1-Mar    |   |   | 15-May  |  |   | 24-Sep  |  |   |           |  
|---------------------------------------------------------------------------------- | - | --------- |  | - | ------- |  | - | --------- |  | - | ------- |  | - | ------- |  | - | -------- | - | - | ------- |  | - | ------- |  | - | --------- | -
|                                                                                   |   | 2007      |  |   | 2007    |  |   | 2007      |  |   | 2007    |  |   | 2008    |  |   | 2008     |   |   | 2008    |  |   | 2008    |  |   | Total     |  
|                                                                                   |   |           |  |   |         |  |   |           |  |   |         |  |   |         |  |   |          |   |   |         |  |   |         |  |   |           |  
|Risk free rate                                                                     |   | 4.50%     |  |   | 4.50%   |  |   | 4.50%     |  |   | 4.50%   |  |   | 5.00%   |  |   | 5.00%    |   |   | 5.00%   |  |   | 2.95%   |  |   |           |  
|Volatility factor                                                                  |   | 50%       |  |   | 50%     |  |   | 50%       |  |   | 50%     |  |   | 100%    |  |   | 98%      |   |   | 86%     |  |   | 84%     |  |   |           |  
|Expected dividends                                                                 |   | 0%        |  |   | 0%      |  |   | 0%        |  |   | 0%      |  |   | 0%      |  |   | 0%       |   |   | 0%      |  |   | 0%      |  |   |           |  
|Forfeiture rate                                                                    |   | 0%        |  |   | 0%      |  |   | 0%        |  |   | 0%      |  |   | 0%      |  |   | 0%       |   |   | 0%      |  |   | 0%      |  |   |           |  
|Expected life                                                                      |   | 5 years   |  |   | 5 years |  |   | 5 years   |  |   | 5 years |  |   | 2 years |  |   | 5 years  |   |   | 5 years |  |   | 5 years |  |   |           |  
|Exercise price                                                                     | $ | 0.50      |  | $ | 0.50    |  | $ | 0.50      |  | $ | 0.51    |  | $ | 0.40    |  | $ | 0.50     |   | $ | 0.35    |  | $ | 0.50    |  |   |           |  
|                                                                                   |   |           |  |   |         |  |   |           |  |   |         |  |   |         |  |   |          |   |   |         |  |   |         |  |   |           |  
|Total number of options granted                                                    |   | 1,750,000 |  |   | 250,000 |  |   | 1,700,000 |  |   | 650,000 |  |   | 250,000 |  |   | 490,000  |   |   | 200,000 |  |   | 50,000  |  |   | 5,340,000 |  
|Total number of options
      forfeited/cancelled/Expired/Exercised                |   | -         |  |   | -       |  |   | -         |  |   | -       |  |   | -       |  |   | (110,000 | ) |   | -       |  |   | -       |  |   | (110,000  | )
|Grant date fair value                                                              | $ | 0.24      |  | $ | 0.24    |  | $ | 0.24      |  | $ | 0.24    |  | $ | 0.22    |  | $ | 0.27     |   | $ | 0.25    |  | $ | 0.13    |  |   |           |  
|                                                                                   |   |           |  |   |         |  |   |           |  |   |         |  |   |         |  |   |          |   |   |         |  |   |         |  |   |           |  
|Stock-based compensation cost expensed during
      the period ended July 31, 2010 | $ | nil       |  | $ | nil     |  | $ | 8,017     |  | $ | nil     |  | $ | nil     |  | $ | 17,283   |   | $ | nil     |  | $ | 2,463   |  | $ | 27,763    |  
|                                                                                   |   |           |  |   |         |  |   |           |  |   |         |  |   |         |  |   |          |   |   |         |  |   |         |  |   |           |  
|Unexpended Stock -based compensation cost
      deferred over the vesting period   | $ | nil       |  | $ | nil     |  | $ | nil       |  | $ | nil     |  | $ | nil     |  | $ | nil      |   | $ | nil     |  | $ | 440     |  | $ | 440       |  

As of July 31,
      2010 there was $440 of unrecognized expenses related to non-vested
      stock-based compensation arrangements granted. The stock-based
      compensation expense for the nine month period ended July 31, 2010 was
$27,763

11

---

|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

8.   Mining Claims

(a) On December 17, 2007, Pacific Copper acquired Pacific
Copper Peru SRL (Pacific Peru), a limited liability partnership organized
under the laws of Peru pursuant to the Share Exchange Agreement among the
Company, Peru SRL and the former partners of Peru SRL dated as of April 11,
2007, as amended (the Peru Agreement). Pursuant to the Peru Agreement, the
Company issued 4,850,000 shares of the Companys common stock (the Peru
Consideration Shares) to the partners of Peru SRL as consideration for the
acquisition of 99% of Peru SRL. The 1% minority interest was credited with
$24,495. As a result of the acquisition, Peru SRL became a subsidiary of the
Company. The Company expensed $2,449,295, relating to the issue of 4,850,000
common shares calculated at $0.50 per common share and the allocation of
minority interest for $24,495 net of capitalization for $200 for mineral
property claims. Property acquisition costs relating to the exploration
properties were expensed as the assets were considered impaired. In the absence
of proven and probable reserves, the Company is unable to allocate any economic
values to the claims. The Company does not consider the mineral claim groups to
be acquired upon the closing of the transaction to be material assets at this
time, but our assessment may change after further work is done on the
properties. Pursuant to the formal closing of this acquisition the Company
through Pacific Peru will acquire interests in three mineral claim groups (Don
Javier, Tonalia and Tenospa) which were capitalized at $100 each.

Pursuant to the terms of the Closing Agreement, the former
partners of Pacific Peru must satisfy certain post-closing items, prior to the
release of the Peru Consideration Shares from escrow. As of the date of this
report, these conditions remain unsatisfied and the Peru Consideration Shares
remain in escrow.

(b) On January 8, 2008, Pacific Copper acquired Pacific LTDA, a
limited liability partnership organized under the laws of Chile, pursuant to a
Share Exchange Agreement entered into as of April 11, 2007 (the Chile
Agreement), as amended, between the Company and the former partners of Pacific
LTDA. Pursuant to the Chile Agreement the Company issued 6,088,452 of its common
shares (the Chile Consideration Shares) to the former partners of Pacific LTDA
as consideration for the acquisition of 99% of Pacific LTDA. The 1% minority
interest was credited with $30,750. As a result of the acquisition, Pacific LTDA
became a subsidiary of the Company. The Company expensed $3,074,576, relating to
the issue of 6,088,452 common shares calculated at $0.50 per common share and
the allocation of minority interest for $30,750 net of capitalization for $400
for mineral property claims. Property acquisition costs relating to the
exploration properties were expensed as the assets were considered impaired. In
the absence of proven and probable reserves, the Company is unable to allocate
any economic values to the claims groups acquired in the transaction (as listed
below). The Company does not consider either of the foregoing mineral claims
owned by Pacific LTDA to be material assets at this time, but our assessment may
change after further work is done on the properties. Pursuant to this
acquisition the Company acquired interest in the following mineral claims which
were capitalized at $100 each:

Carrera Pinto Carrizal Cerro
Blanco La Guanaca

The conditions under the Chile Agreement have been satisfied or
waived , and the Chile Consideration shares were issued to the former partners
of Pacific LTDA in 2009.

12

---

|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

8.      Mining
Claims-Contd

(c)    As of February 27, 2009 Pacific Copper,
through its wholly owned subsidiary Pacific LTDA, entered into a definitive
mineral property acquisition agreement (the Gareste Agreement) with Gareste
pursuant to which the Company acquired a 100% interest in the following copper
oxide properties located in Atacama Region III, Chile: the Venado Property
(also known as the Venapai Property) consisting of approximately 4,900
hectares of exploration concessions, located roughly 45 kilometers from the city
of Copiapo, the El Corral Property, consisting of approximately 3600 hectares
of exploration concessions, located roughly 60 kilometers from the city of
Copiapo, and the adjacent La Mofralla Property, consisting of approximately
250 hectares of exploration concessions also located roughly 60 kilometers from
the City of Copiapo. These properties were subject to separate letters of intent
entered into during July and October of 2008, as previously disclosed. Under the
Gareste Agreement the Company issued a total of 5,000,000 shares of its common
stock to Gareste on October 12, 2009, allocable as follows: 2,000,000 shares of
common stock as consideration for the Venado Property, 2,000,000 shares of
common stock as consideration for the El Corral Property and 1,000,000 shares of
common stock as consideration for the La Mofralla Property (collectively, the
Gareste Oxide Shares). In addition, the Venado Property is subject to a 2% net
smelter return royalty, capped at $10,000,000, 50% of which can be repurchased
by Pacific Copper at any time prior to the commencement of production for
$3,000,000, and the El Corral Property is subject to a 2% net smelter return
royalty, capped at $10,000,000, 50% of which can be repurchased by Pacific
Copper at any time prior to the commencement of production for $2,000,000. The
Company expensed $749,700, relating to the issue of 5,000,000 common shares
calculated at $0.15 per common share net of capitalization for $300 for mineral
property claims. Property acquisition costs relating to the exploration
properties were expensed as the assets were considered impaired. In the absence
of proven and probable reserves, the Company is unable to allocate any economic
values to the claims groups acquired in the transaction (as listed below).
Pursuant to this acquisition the Company acquired interest in the following
mineral claims which were capitalized at $100 each:

Venado El Corral La
Mofralla

13

---

|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

9.     Commitments and
Contingencies

On April 19, 2007, the Company executed an agreement dated as
of April 11, 2007 with David Hackman, a director of the Company, on behalf of a
corporation to be formed in Peru which, prior to closing, would then own certain
mineral claims located in Peru. On December 17, 2007, Pacific Copper completed
the acquisition of Peru SRL, pursuant to the Share Exchange Agreement among the
Company, Peru SRL and the former partners of Peru SRL dated as of April 11,
2007. The 4,850,000 shares of the Companys common stock issued in connection
with the closing of this transaction are held in escrow subject to the
satisfaction of certain post-closing conditions.

On August 9, 2007 the Company and Andrew A. Brodkey executed an
employment agreement pursuant to which the Company retained Mr. Brodkey as
President and Chief Executive Officer. The Employment Agreement had an initial
two-year term that commenced on August 1, 2007 and continued through August 1,
2009. Under the terms of the Employment Agreement, the term was automatically
renewed on August 1, 2009, for another two years. Mr. Brodkeys base salary is
$132,000 per year. Upon certain events of termination Mr. Brodkey would be
entitled to a maximum of one years salary as a severance payment. Under the
employment agreement, Mr. Brodkey is permitted to pursue other business
opportunities.

On August 22, 2007 the Company entered into an agreement with
Kriyah for the performance of certain administrative and management services.
The Kriyah Agreement has an initial term of two years and is then automatically
renewable. Either party may terminate the Kriyah Agreement upon 60 days prior
written notice. Under the Kriyah Agreement, Kriyah received an initial payment
of $57,504 and was to receive payments of $4000 each month thereafter.
Commencing in January of 2009, this amount was reduced to $2,500 per month, and
as of March, 2009, to $250 per month. In order to facilitate the retaining of
Kriyah, the Company guaranteed a lease agreement for the office space used by
Kriyah in Tucson, Arizona. The Companys maximum obligation under the lease
guarantee, as of July 31, 2009, is $212,774 in the event of a lease default with
full acceleration of rent. The lease which was executed by War Eagle Mining
Corporation, a Canadian corporation which at the time of execution was related
to the Company through common directors, (War Eagle) as Lessee, is now in
default and Kriyah subsequently moved its office location. The War Eagle lease
is also guaranteed by Zoro Mining Corp. (a related Company). Kriyahs Manager,
Andrew A. Brodkey, is also the President and CEO of the Company. The potential
liability as a result of this default is not determinable at this time. Expense,
if any, will be recorded in the period in which any liability becomes known.

On September 1, 2007, the Company entered into a Payroll
Service Agreement with Kriyah Consultants LLC (Kriyah) to administer payroll
and health insurance benefits to Andrew A. Brodkey, President and CEO of the
Company, as contemplated in his Employment Agreement with the Company dated
August 1, 2007 (Employment Agreement). The Company shall reimburse Kriyah
monthly for all direct costs for wages, covered by the Employment Agreement and
health benefits provided by Kriyah and invoiced to the Company for Mr.
Brodkey.

On January 24, 2008, the Company, through its subsidiary
Pacific LTDA entered into an exclusive exploration, mining and exploitation
agreement (the "Guanaca Lease") for the La Guanaca oxide copper project located
northeast of the town of Inca de Oro, Chanaral Province, Atacama Region 3,
Chile. This property, which consists of approximately 300 hectares of
exploration concessions, is road-accessible and was previously explored in the
mid-1990's through geophysical methods, sampling and drilling by Empresa
Nacional de Mineria ("ENAMI") a Chilean nationally-owned mining enterprise. The
Guanaca Lease is for a term of 5 years and is renewable automatically for
additional 5-year periods. The owners of the La Guanaca property will receive
US$2,000 per month in cash during the term of the agreement.

14

---

|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

9.     Commitments and
Contingencies-Contd

On February 12, 2008, the Companys subsidiary, Pacific LTDA,
entered into an Operator Agreement (the Chile Operator Agreement) with
Sociedad Gareste Limitada, a limited liability partnership organized under the
laws of Chile (Gareste). Pursuant to the Chile Operator Agreement Gareste will
prepare and submit proposed annual work programs and accompanying budgets to
Pacific LTDA covering the exploration and, if warranted, development of certain
mineral concessions held by Pacific LTDA. Gareste will provide comprehensive
management services and contract for transportation, labor, insurance and
logistical services for all approved programs. Garestes overhead reimbursement
and compensation will be specified in each proposed budget and subject to
approval by Pacific LTDA. The Chile Operator Agreement is terminable by either
party upon 90-days prior notice. Harold Gardner, a member of the Companys
board of directors, is a 50% owner and co-managing partner in Gareste.

On February 12, 2008 The Companys subsidiary, Peru SRL entered
into an Operator Agreement (the Peru Operator Agreement) with Inversiones
Mineras Stiles, a limited liability partnership organized under the laws of Peru
(Stiles). Pursuant to the Peru Operator Agreement Stiles will prepare and
submit proposed annual work programs and accompanying budgets to Peru SRL
covering the exploration and, if warranted, development of certain mineral
concessions held by Peru SRL. Stiles will provide comprehensive management
services and contract for transportation, labor, insurance and logistical
services for all approved programs. Stiles overhead reimbursement and
compensation will be specified in each proposed budget and subject to approval
by Peru SRL.

The Company, through Pacific LTDA, also executed a letter of
intent dated September 9, 2009 with Gareste to acquire its interest in the
Yerbas Buenas oxide copper property located 130 km southeast of the city of
Copiapo, Atacama Region III, Chile (the Yerbas Buenas LOI). By letter
agreement dated February 22, 2010, the Company agreed with Gareste to terminate
the Yerbas Buenas LOI. . In exchange for the release of this property back to
Gareste, and in consideration of exploration efforts expended by the Company
during the pendency of the Yerbas Buenas LOI, Gareste has agreed to convey to
Pacific Copper a 2% Net Smelter Return royalty on mineral production from the
property, capped at US$250,000.

Pacific Copper Corp. through its Chilean subsidiary Pacific
Copper Chile Limitada, entered into a mineral property acquisition agreement
(MPAA) with Gareste to purchase the San Enrique property located in Atacama
Region III, Chile and comprising 100 hectares. Gareste is the private Chilean
limited liability partnership in which one of the Companys directors, Harold
Gardner, is a 50% owner and co-managing partner. In consideration Pacific Copper
was to issue 7 million shares of its capital stock and grant a 2% Net Smelter
Return (NSR) royalty to Gareste, capped at US$6 million, one half (1/2) of which
can be repurchased by Pacific Copper or its subsidiary at any time prior to
commencement of any commercial production by making a payment of US$2 million to
Gareste. On February 22, 2010, the Company, its subsidiary Pacific Copper Chile
Ltda. (Pacific LTDA) and Gareste amended (the Amendment) the MPAA. Under the
terms of the Amendment, Gareste agreed to include in the purchase additional
mineral exploration concessions adjacent to San Enrique, comprising 160
hectares, and applications for another 2,000 hectares of adjacent concessions
that overstake current concessions with senior rights in third-parties. The
parties also extended the Closing Date of the MPAA to June 30, 2010 and granted
and extended to Gareste a specific right of rescission (Rescission Right) of
the transaction, which after closing, and if exercised, would have obligated the
Company and Pacific LTDA to convey the mineral titles back to Gareste if the
Company does not raise and add to its treasury the net sum of US$1.6 million
dollars within six (6) months of the Effective Date of the Amendment, or if US$1
million is not expended by Pacific Copper Chile and the Company on the Property
and related project overhead within eighteen (18) months of the Effective
Date.

15

---

|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

9.    Commitments and
Contingencies-Contd

The share portion of the consideration payable by the Company
to the vendor, under the MPAA and the Amendment, amounting to 7 million shares
of the Company, was to be placed in escrow pending the satisfaction of closing
conditions and the further satisfaction of the conditions that would otherwise
give rise to the Rescission Right. In the case that the Rescission Right is
exercised, Gareste is obligated to release from escrow and return any share
consideration received for this transaction back to the Company. The other terms
of the MPAA remain unchanged. The parties failed to close the purchase of San
Enrique under the terms of the amended MPAA by June 30, 2010, and the agreement
has therefore lapsed and has expired.

On January 20, 2010, the Company executed an engagement
agreement with an agent to whom the Company agreed to pay a non-refundable work
fee of $25,000 for a term of 6 months, plus a cash advance against expenses of
$3,500. The agent will endeavor to obtain up to $2.1 million in funding for the
Company, on terms and conditions acceptable to the Company. The Company will
compensate the agent with a commission of 9% of the total amount of the
financing and issue warrants equal to 10% of the total number of shares issued
by the Company under the financing, with amounts advanced for the work fee to be
adjusted against any commissions earned. As of the date of this report the
agreement has lapsed and expired.

10.   Related Party Transactions

Nine month period ended July 31, 2010

The following transactions were undertaken in the normal course
of operations and are measured at the exchange amount, which is the amount of
consideration established and agreed to by the related parties.

|A) | During the nine month period ended July 31, 2010, the
      Company expensed stock based compensation for $8,017 relating to the
      vesting of the stock options issued in years 2007 and 2008 to its
      director.                                                                                                                        
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   |                                                                                                                                                                                                                                                                                                                                                 
|B) | A director of the Company provided consulting geological
      services to the Company and a total of $67,500 was charged by a private
      Company with director in common. $181,500 was owed to this private company
      as of July 31, 2010.                                                                                              
|   |                                                                                                                                                                                                                                                                                                                                                 
|C) | A director of the Company provided consulting services to
      the Company and a total of $67,500 was charged by a private company with
      director in common. $366,038 was owed to this private company as of July
      31, 2010 which also includes non-reimbursed expenses.                                                             
|   |                                                                                                                                                                                                                                                                                                                                                 
|D) | The Company expensed $106,032 being the amount payable to
      Kriyah, including benefits charged to the Company, relating to
      compensation payable to the President, CEO, Director and Chairman of the
      Board of Directors of the Company. As of July 31, 2010, $205,602 was owed
      which also included non-reimbursed expenses.

E) The Company incurred a total of $179,952 to a private
Chilean company that provides exploration services to the Company in Chile, and
has a director in common, of which $631,907 was owed at July 31, 2010 with such
costs recorded as project costs.

F) The Company owed $8,801 to the CFO as of July 31, 2010 for
services rendered to the Company.

16

---

|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

11. Deferred Stock Compensation

In February 2010, the Company issued 300,000 restricted common
shares to a consultant valued at $30,000 pursuant to a consulting agreement for
a period of service of 24 months. The Company has expensed $5,917 during the
nine month period ended July 31, 2010.

12. Advances to a related party

Advances to a related party include a net receivable of
$20,000, after providing a reserve for doubtful receivable for $120,166,
advanced interest free against demand promissory notes to the Company related
through common directors and management. The advance was used to cover common
business expenses between the two Companies. The Company opted to create a
reserve for $120,166 as a matter of prudence and caution due to the current
unfavorable and challenging general economic conditions. Subsequent to the
quarter, the related party repaid the amount of $20,000.

13. Advances from non-related parties

On June 20, 2008, the Company received an advance of $247,000
from a non-related party which bears interest at an annual rate of eight percent
and is due and payable within ninety days from receipt thereof. The Company
received a further advance of an additional $5,100 on September 30, 2008 from
the same party. The Company received additional advances totaling $18,500 from
this party during the twelve month period ended October 31, 2009. The Company
received additional advances totaling $16,000 from this party during the three
month period ended January 31, 2010 and $12,264 during the quarter ended April
30, 2010. The total amount due including interest as of July 31, 2010 is
$343,968

On November 28, 2008, the Company received an advance of
$100,000 from another non related party which bears interest at an annual rate
of 10% and is due within twelve months from receipt thereof. The total amount
due as of July 31, 2010, including interest is $116,740.

On February 17, 2009, the Company issued a promissory note (the
War Eagle Note) to War Eagle Mining Company, Inc. a Canadian Corporation (War
Eagle). War Eagle and the Company no longer share a common director. Under the
terms of the War Eagle Note, a total of $100,000 has been advanced; all amounts
advanced are due and payable on June 30, 2009 with interest at 15% per annum.
The War Eagle Note was to be secured by a blanket security interest in all real,
personal, and intangible interests of Pacific Copper associated with each of the
La Guanaca, El Corral, La Mofralla and Venado projects (the Companys South
American oxide copper properties, as described in this report). In February
2009, War Eagle notified the Company that it would not fund the full amounts
contemplated in the War Eagle Note, leaving a funding shortfall of $55,000. The
Company has notified War Eagle that it considers this failure to fully fund the
War Eagle Note to be a breach, has denied the security interest, and has
reserved all of its legal rights. The total amount due as of July 31, 2010,
including interest is $128,684.

17

---

|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

14.    Convertible notes

Convertible notes consist of the following as of July 31,
2010:

|                                                                        |   | Net carrying | 
|----------------------------------------------------------------------- | - | ------------ | 
|                                                                        |   | amount       | 
|                                                                        |   |              | 
|a) $100,000 face value, 6% convertible
      note, due October 31, 2010 | $ | 87,050       | 
|b) $166,500 face value, 12% convertible note, due July 27,
      2011   |   | 107,297      | 
|c) $20,000 face value, 12% convertible
      note, due October 26, 2011 |   | 11,337       | 
|                                                                        |   | 205,684      | 

a) On October 27, 2008, the Company issued a $100,000 face
value, 6% convertible note, due October 31, 2010. The principal amount of the
note and interest is payable on October 31, 2010. While the note is outstanding,
the investor has the option to convert the principal balance and interest, into
conversion units at a conversion price of $0.16 per unit. Each conversion unit
is convertible into one share of common stock and one warrant to purchase one
share of common stock. Further, the terms of the convertible note provide for
certain redemption features. If, in the event of certain defaults on the terms
of the note, certain of which are indexed to equity risks, the holder can
accelerate the payment of outstanding principal and interest. The financing
transaction also provided the holder with Additional Investment Rights (AIR)
to purchase up to $800,000 face value convertible notes under the same terms and
conditions as the $100,000 convertible note.

The Company has evaluated the terms and conditions of the
convertible note and the AIR under the guidance of ASC 815. The embedded
conversion option, indexed to a share of stock and a warrant, does not meet the
conventional convertible exemption. The warrant element of the conversion unit
does not otherwise fall within the scope of the indexed to the companys own
stock exemption provided in ASC 815 and required bifurcation. Further, certain
redemption features that are indexed to equity risks are not clearly and closely
related to the host debt agreement. Accordingly, a compound embedded derivative
was bifurcated from the contract and has been recorded as a derivative
liability. Similarly, the AIR embodies similar features that did not meet equity
classification and accordingly derivative liability classification of the
compound feature is also reflected in liabilities.

18

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|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

14. Convertible notes-Contd

Fair value of the compound embedded derivative and embedded
warrants in the additional investment right were measured using the Monte Carlo
Simulation technique. The common share element of the conversion option did not
require treatment as derivative financial instruments, the Company was required
to evaluate the feature as potentially embodying a beneficial conversion feature
under ASC 470. A beneficial conversion feature is present when the fair value of
the underlying common share exceeds the effective conversion price of the
conversion option. The effective conversion price is calculated as the basis in
the financing arrangement allocated to the hybrid convertible debt agreement,
divided by the number of shares into which the instrument is indexed. As a
result of this evaluation under the aforementioned standards, the Company
concluded that a beneficial conversion feature was present in the amount of
$5,625 in the $100,000 face value convertible note. The amount is amortized
using the effective interest method.

The derivative liabilities as of July 31, 2010 consisted of the
following:

Derivative financial instrumentCompound embedded derivative
    
    23,125Additional investment rights
    
    -23,125


b) On July 27, 2009, the Company issued 12% convertible notes
to multiple investors with an aggregate face value of $166,500. The principal
amount of the notes and interest is payable on July 27, 2011. While the note is
outstanding, the investor has the option to convert the principal balance and
interest, into common stock at a fixed conversion price of $0.10. In the event
of certain defaults on the terms of the note, certain of which are indexed to
equity risks, the holder can accelerate the payment of outstanding principal and
interest (the Default Put).

The Company evaluated the notes for accounting purposes under
ASC 815 and have determined that the conversion feature meets the
conventional-convertible exemption and, accordingly, bifurcation and fair-value
measurement of the conversion feature is not required. The notes were issued
with a beneficial conversion feature, having a value of $49,950.

In conjunction with the offering the Company issued warrants to
the investors indexed to 1,665,000 shares of common stock with an exercise price
of $0.25 per share. The fair value of the warrants was determined to be $86,414
using the Black-Scholes-Merton valuation technique and they were recorded at
their relative fair value of $46,085 in accordance with ASC 470. As a result of
allocating a portion of the proceeds to the warrants and the beneficial
conversion feature, the notes were recorded net of a discount of $98,024. The
beneficial conversion feature is recorded in paid-in capital, and the discount
on the notes will be amortized through periodic charges to interest expense over
the term of the notes using the effective interest method. Amortization of debt
discounts amounted to $29,220 during the nine month period ended July 31,
2010.

c) On October 26, 2009, the Company issued 12% convertible
notes to two investors with an aggregate face value of $20,000. The principal
amount of the notes and interest is payable on October 26, 2011. While the note
is outstanding, the investor has the option to convert the principal balance and
interest, into common stock at a fixed conversion price of $0.10. In the event
of certain defaults on the terms of the note, certain of which are indexed to
equity risks, the holder can accelerate the payment of outstanding principal and
interest (the Default Put).

19

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|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

14.    Convertible notes-Contd

The Company evaluated the notes for accounting purposes under
ASC 815 and have determined that the conversion feature meets the
conventional-convertible exemption and, accordingly, bifurcation and fair-value
measurement of the conversion feature is not required. The notes were issued
with a beneficial conversion feature, having a value of $6,000.

In conjunction with the offering the Company issued warrants to
the investors indexed to 1,665,000 shares of common stock with an exercise price
of $0.25 per share. The fair value of the warrants was determined to be $10,380
using the Black-Scholes-Merton valuation technique and they were recorded at
their relative fair value of $6,014 in accordance with ASC 470. As a result of
allocating a portion of the proceeds to the warrants and the beneficial
conversion feature, the notes were recorded net of a discount of $12,014. The
beneficial conversion feature is recorded in paid-in capital, and the discount
on the notes will be amortized through periodic charges to interest expense over
the term of the notes using the effective interest method. Amortization of debt
discounts amounted to $3,167 during the nine month period ended July 31,
2010.

15.    Project expenses

During the nine month period ended July 31, 2010 and 2009, the
Company incurred project related expenses on the following mineral claims in
Chile:

2010
    
    
    2009Cerro Blanco (Chile)
    $
    8,035
    
    $
    487San Enrique (Chile)
    $
    714
    
    
    -Corral (Chile)
    
    -
    
    $
    5,625Carrera Pinto (Chile)
    $
    324
    
    $
    25,741Carrizal (Chile)
    
    -
    
    $
    29,363La Mofralla (Chile)
    
    -
    
    $
    2,609La Guanaca (Chile)
    
    -
    
    $
    4,803Venapai (Chile)
    
    -
    
    $
    155,382Yerbas Buenas (Chile)
    
    -
    
    $
    129,628Site Administration
    $
    332,169
    
    $
    509,331Total
    $
    341,242
    
    $
    862,969


The above expenses include consulting, claims, equipment
rentals, contract labor, field wages, drilling and other project related
expenses.

16. General and administration expenses

General and administration expense for the nine month period
ended July 31, 2010 and 2009 include the following:

|                                                                                                                             |   | 2010    |  |   | 2009    | 
|---------------------------------------------------------------------------------------------------------------------------- | - | ------- |  | - | ------- | 
|Non-cash compensation expense relating to
      the issue of options and warrants                                            | $ | 27,763  |  | $ | 274,429 | 
|Non cash expense relating to the amortization of deferred
      stock compensation relating to issue of stock to consultants | $ | 5,917   |  | $ | 145,833 | 
|Legal, accounting and audit                                                                                                  | $ | 32,101  |  | $ | 126,890 | 
|Office, payroll and other general expenses                                                                                   | $ | 270,242 |  | $ | 418,004 | 
|Total                                                                                                                        | $ | 336,023 |  | $ | 965,156 | 

20

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|PACIFIC COPPER CORP.                                              
|------------------------------------------------------------------
|(AN EXPLORATION STAGE MINING COMPANY)                             
|Condensed Notes to Interim Consolidated Financial
      Statements
|July 31, 2010                                                     
|(Amounts expressed in US Dollars)                                 
|(Unaudited-Prepared by Management)                                

17. Reclassifications

Certain amounts have been reclassified to conform to current
period presentation. Specifically the Company has adopted ASC TOPIC
810-Non-Controlling Interests in Consolidated Financial Statements. The
objective of this Statement is to improve the relevance, comparability and
transparency of the financial information that the Company provides.

18. Subsequent Events

Subsequent to the quarter ended July 31, 2010, the Company
received $20,000 from the related party which had a net receivable of
$20,000.

21

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ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS

Discussion of Operations & Financial Condition Three and
Nine month Period ended July 31, 2010

The Company is in the exploration stage and has not yet
realized revenues from any operations. The Company has incurred a loss of
$825,097 for the nine month period ended July 31, 2010. This loss includes a
non-cash stock based compensation expense for $27,763. At July 31, 2010, the
Company had an accumulated deficit during the exploration stage of $17,995,940.
During the year ended October 31, 2008 the Company raised capital of $1,475,815
(net of offering costs). Further, during the year ended October 31, 2008 the
Company raised an additional $100,000 being subscription for convertible notes.
The Company raised an additional $186,500 during the year ended October 31, 2009
from issue of convertible notes. Management's plan is to continue raising
capital through future equity or debt financing until it achieves profitable
operations from mineral extraction activities.

As of the date of the filing of this report, the Company has
very little cash. As of the quarter ended July 31, 2010, the Companys current
liabilities were $2,717,432 while current assets were $30,801. Management has
taken steps to reduce or suspend operating costs. These steps include deferral
of salaries for senior management, deferral of payments to consultants and
service providers, and reduction or suspension of all exploration
activities.

Due to current difficult economic conditions and increased
competition among small mineral exploration stage companies for available
sources of capital, it has become more difficult to raise financing than in the
previous operating years of the Company. The continued depletion of current cash
and cash equivalents to meet ongoing administrative expenses and other
continuing obligations is a material concern of management. The continued
operation of the Company is dependent on raising additional financing to meet
commitments and obligations and there can be no assurance that such financing
can be obtained on a timely basis or on favorable terms or at all. If we fail to
obtain financing, the Company may be forced to cease doing business.

SELECTED INFORMATION

Three months
    
    
    Three monthsended
    
    
    endedJuly
      31, 2010
    
    
    July
      31, 2009Revenues
    $
    Nil
    
    $
    NilNet Loss attributable to Pacific Corp. stockholders
    $
    225,911
    
    $
    594,991Loss per share-basic and diluted
    $
    (0.00
    )
    $
    (0.01
    )


Nine months
    
    
    Nine monthsended
    
    
    endedJuly
      31, 2010
    
    
    July
      31, 2009Revenues
    $
    Nil
    
    $
    NilNet Loss attributable to Pacific Corp. Stockholders
    $
    825,034
    
    $
    1,958,462Loss per share-basic and diluted
    $
    (0.02
    )
    $
    (0.04
    )


As at
    
    
    As atOctober 31,July
      31, 2010
    
    
    2009Total Assets
    $
    116,072
    
    $
    164,948Total Liabilities
    $
    2,923,116
    
    $
    2,180,456Cash dividends declared per share
    
    Nil
    
    
    Nil


22

---

The total assets as of July 31, 2010 includes cash of $8,512,
deferred financing costs of $2,289, advances to related party for $20,000,
capital assets of $84,371 and mining claims for $900. The total assets as of
October 31, 2009 include cash and cash equivalents of $9,349, prepaid expenses
of $5,782, deferred financing costs for $4,023, advance to related party for
$36,000, capital assets of $108,894 and mining claims for $900.

Revenues

No revenue was generated by the Companys operations during the
three and nine month period ended July 31, 2010 and July 31, 2009.

Net Loss

The Companys expenses are reflected in the Statements of
Operation under the category of Expenses. The Company is an exploration stage
mining company and has not yet realized any revenue from its operations. The
Company is primarily engaged in the acquisition and exploration of mining
properties. Mineral property exploration costs are expensed as incurred. Mineral
property payments are capitalized only if the Company is able to allocate any
economic value beyond proven and probable reserves. When it has been determined
that a mineral property can be economically developed as a result of
establishing proven and probable reserves, the costs incurred to develop such
property will be capitalized. For the purpose of preparing financial
information, the Company is unable to allocate any economic value beyond proven
and probable reserves and hence all property payments are considered to be
impaired and accordingly written off to project expense. All costs associated
with a property that has the potential to add to the Companys proven and
probable reserves are expensed until a final feasibility study demonstrating the
existence of proven and probable reserves is completed. No costs have been
capitalized in the periods covered by these financial statements. Once
capitalized, such costs will be amortized using the units-of-production method
over the estimated life of the probable reserve. Mineral property acquisition
costs will also be capitalized in accordance with the FASB Emerging Issues Task
Force ("EITF") Issue 04-2 when management has determined that probable future
benefits consisting of a contribution to future cash inflows have been
identified and that adequate financial resources are available or are expected
to be available as required to meet the terms of property acquisition and
budgeted exploration and development expenditures. Mineral property payments are
expensed as incurred if the criteria for capitalization is not met.

To date, mineral property exploration costs have been expensed
as incurred. As of the date of these financial statements, the Company has
incurred only property payments and exploration costs which have been expensed.
To date the Company has not established any proven or probable reserves on its
mineral properties.

The significant components of expense that have contributed to
the total operating expense are discussed as follows:

(a)
General and Administrative Expense

Included in operating expenses for the nine month period ended
July 31, 2010 is general and administrative expense of $336,023, as compared
with $965,156 for the nine month period ended July 31, 2009. General and
administrative expense represents approximately 47.9% of the total operating
expense for the nine month period ended July 31, 2010 as compared to 51.5% of
the total operating expenses for the nine month period ended July 31, 2009. This
expense for the nine month period ended July 31, 2010 includes professional,
consulting, office and general and non cash compensation expense relating to the
issue of options and warrants for $27,763 (prior period: $274,429)and non cash
expense relating to the amortization of deferred stock compensation relating to
issue of stock to consultants for $5,917 (prior period $145,833).

(b)
Project Expense

Included in operating expenses for the nine month period ended
July 31, 2010 is project expenses of $341,242 as compared with $862,969 for the
nine month period ended July 31, 2009. Project expense represents approximately
48.6 % of the total operating expense for the nine month period ended July 31,
2010 as compared to 46% of the total operating expense for the nine month period
ended July 31, 2009. This expense includes consulting, claims, equipment
rentals, contract labor, field wages, drilling and other project related
expenses incurred during the period primarily on the mineral claims in
Chile.

23

---

(c) Mineral claims
acquisition cost expense

(1) On December 17, 2007, Pacific Copper acquired Pacific
Copper Peru SRL (Pacific Peru), a limited liability partnership organized
under the laws of Peru pursuant to the Share Exchange Agreement among the
Company, Peru SRL and the former partners of Peru SRL dated as of April 11,
2007, as amended (the Peru Agreement). Pursuant to the Peru Agreement, the
Company issued 4,850,000 shares of the Companys common stock (the Peru
Consideration Shares) to the partners of Peru SRL as consideration for the
acquisition of 99% of Peru SRL. The 1% minority interest was credited with
$24,495. As a result of the acquisition, Peru SRL became a subsidiary of the
Company. The Company expensed $2,449,295, relating to the issue of 4,850,000
common shares calculated at $0.50 per common share and the allocation of
minority interest for $24,495 net of capitalization for $200 for mineral
property claims. Property acquisition costs relating to the exploration
properties were expensed as the assets were considered impaired. In the absence
of proven and probable reserves, the Company is unable to allocate any economic
values to the claims. The Company does not consider the mineral claim groups
which will be acquired at the formal closing of the transaction to be material
assets at this time, but our assessment may change after further work is done on
the properties. Pursuant to the closing of this acquisition the Company through
Pacific Peru, will acquire interests in three mineral claim groups (Don Javier,
Tonalia and Tenospa) which were capitalized at $100 each.

Pursuant to the terms of the Closing Agreement, the former
partners of Pacific Peru must satisfy certain post-closing items, prior to the
release of the Peru Consideration Shares from escrow. As of the date of this
report, the Peru Consideration Shares remain in escrow.

(2) On January 8, 2008, Pacific Copper acquired Sociedad
Pacific Copper Chile Limitada, a limited liability partnership organized under
the laws of Chile (Pacific LTDA) pursuant to a Share Exchange Agreement
entered into as of April 11, 2007 (the Chile Agreement), as amended, between
the Company and the former partners of Pacific LTDA. Pursuant to the Chile
Agreement the Company issued 6,088,452 of its common shares (the Chile
Consideration Shares) to the former partners of Pacific LTDA as consideration
for the acquisition of 99% of Pacific LTDA. The 1% minority interest was
credited with $30,750. As a result of the acquisition, Pacific LTDA became a
subsidiary of the Company. The Company expensed $3,074,576, relating to the
issue of 6,088,452 common shares calculated at $0.50 per common share and the
allocation of minority interest for $30,750 net of capitalization for $400 for
mineral property claims. Property acquisition costs relating to the exploration
properties are being expensed until the economic viability of the project is
determined and proven and probable reserves quantified. In the absence of proven
and probable reserves, the Company is unable to allocate any economic values to
the claims. The Company does not consider any of the mineral claims acquired in
the transaction (as listed below) to be material assets at this time, but our
assessment may change after further work is done on the properties. Pursuant to
this acquisition the Company acquired interest in the following mineral claims
which were capitalized at $100 each:

Carrera Pinto Carrizal Cerro
Blanco La Guanaca

The conditions under the Chile Agreement have been satisfied or
waived , and the Chile Consideration shares were issued to the former partners
of Pacific LTDA in 2009.

Liquidity and Capital Resources

The following table summarizes the companys cash flows and
cash in hand as of July 31, 2010:

July
      31, 2010Cash
    $
    8,512Working capital (deficit)
    $
    (2,892,315
    )Cash used in operating activities
    $
    (27,934
    )Cash used in investing activities
    $
    nilCash provided by financing activities
    $
    28,264


As at July 31, 2010, the Company had a working capital deficit
of $2,892,315. During the nine-month period ended July 31, 2010, the Company did
not spend any funds on investment activity. The Plant and Equipment as on July
31, 2010 is $84,371.

24

---

Critical Accounting Policies

The preparation of financial statements in accordance with
accounting principles generally accepted in the United States requires us to
make estimates and assumptions that affect reported amounts of assets and
liabilities at the date of the financial statements, the reported amount of
revenues and expenses during the reporting period and related disclosure of
contingent assets and liabilities. On an ongoing basis, we evaluate our
estimates and judgments. To the extent actual results differ from those
estimates, our future results of operations may be affected. Beside this
critical accounting policy on use of estimates, we believe the following
critical accounting policy affects the preparation of our financial
statements.

Acquisition, Exploration and Evaluation Expenditures

The Company is an exploration stage mining company and has not
yet realized any revenue from its operations. It is primarily engaged in the
acquisition and exploration of mining properties. Mineral property exploration
costs are expensed as incurred. Mineral property payments are capitalized only
if the Company is able to allocate any economic value beyond proven and probable
reserves. When it has been determined that a mineral property can be
economically developed as a result of establishing proven and probable reserves,
the costs incurred to develop such property will be capitalized. For the purpose
of preparing financial information, the Company is unable to allocate any
economic value beyond proven and probable reserves and hence all property
payments are considered to be impaired and accordingly written off to project
expense. All costs associated with a property that has the potential to add to
the Companys proven and probable reserves are expensed until a final
feasibility study demonstrating the existence of proven and probable reserves is
completed. No costs have been capitalized in the periods covered by these
financial statements. Once capitalized, such costs will be amortized using the
units-of-production method over the estimated life of the probable reserve.
Mineral property acquisition costs will also be capitalized in accordance with
the FASB Emerging Issues Task Force ("EITF") Issue 04-2 when management has
determined that probable future benefits consisting of a contribution to future
cash inflows have been identified and that adequate financial resources are
available or are expected to be available as required to meet the terms of
property acquisition and budgeted exploration and development expenditures.
Mineral property payments are expensed as incurred if the criteria for
capitalization is not met.

To date, mineral property exploration costs have been expensed
as incurred. As of the date of these financial statements, the Company has
incurred only property payments and exploration costs which have been expensed.
To date the Company has not established any proven or probable reserves on its
mineral properties.

Off-Balance Sheet Arrangement

The Company had no off- balance sheet arrangements as of July
31, 2010 and July 31, 2009.

Contractual Obligations and Commercial Commitments

On April 19, 2007, the Company executed an agreement dated as
of April 11, 2007 with David Hackman, a director of the Company, on behalf of a
corporation to be formed in Peru which, prior to closing, would then own certain
mineral claims located in Peru. On December 17, 2007, Pacific Copper completed
the acquisition of Peru SRL, pursuant to the Share Exchange Agreement among the
Company, Peru SRL and the former partners of Peru SRL dated as of April 11,
2007. The 4,850,000 shares of the Companys common stock issued in connection
with the closing of this transaction are held in escrow subject to the
satisfaction of certain post-closing conditions.

On August 9, 2007 the Company and Andrew A. Brodkey executed an
employment agreement pursuant to which the Company retained Mr. Brodkey as
President and Chief Executive Officer. The Employment Agreement had an initial
two-year term that commenced on August 1, 2007 and continued through August 1,
2009. Under the terms of the Employment Agreement, the term was automatically
renewed on August 1, 2009, for another two years. Mr. Brodkeys base salary is
$132,000 per year. Upon certain events of termination Mr. Brodkey would be
entitled to a maximum of one years salary as a severance payment. Under the
employment agreement, Mr. Brodkey is permitted to pursue other business
opportunities.

25

---

On August 22, 2007 the Company entered into an agreement with
Kriyah Consultants LLC (Kriyah) for the performance of certain administrative
and management services. The Kriyah Agreement has an initial term of two years
and is then automatically renewable. Either party may terminate the Kriyah
Agreement upon 60 days prior written notice. Under the Kriyah Agreement, Kriyah
received an initial payment of $57,504 and was to receive payments of $4000 each
month thereafter. Commencing in January of 2009, this amount was reduced to
$2,500 per month, and as of March, 2009, to $250 per month. In order to
facilitate the retaining of Kriyah, the Company guaranteed a lease agreement for
the office space used by Kriyah in Tucson, Arizona. The Companys maximum
obligation under the lease guarantee, as of July 31, 2009, is $212,774 in the
event of a lease default with full acceleration of rent. The lease which was
executed by War Eagle Mining Corporation, a Canadian corporation which at the
time of execution was related to the Company through common directors, (War
Eagle) as Lessee, is now in default and Kriyah subsequently moved its office
location. The War Eagle lease is also guaranteed by Zoro Mining Corp. (a related
Company). Kriyahs Manager, Andrew A. Brodkey, is also the President and CEO of
the Company. The potential liability as a result of this default is not
determinable at this time. Expense, if any, will be recorded in the period in
which any liability becomes known.

On September 1, 2007, the Company entered into a Payroll
Service Agreement with Kriyah to administer payroll and health insurance
benefits to Andrew A. Brodkey, President and CEO of the Company, as contemplated
in his Employment Agreement with the Company dated August 1, 2007 (Employment
Agreement). The Company shall reimburse Kriyah monthly for all direct costs for
wages, covered by the Employment Agreement and health benefits provided by
Kriyah and invoiced to the Company for Mr. Brodkey.

On January 24, 2008, the Company, through its subsidiary
Pacific LTDA entered into an exclusive exploration, mining and exploitation
agreement (the "Guanaca Lease") for the La Guanaca oxide copper project located
northeast of the town of Inca de Oro, Chanaral Province, Atacama Region 3,
Chile. This property, which consists of approximately 300 hectares of
exploration concessions, is road-accessible and was previously explored in the
mid-1990's through geophysical methods, sampling and drilling by Empresa
Nacional de Mineria ("ENAMI") a Chilean nationally-owned mining enterprise. The
Guanaca Lease is for a term of 5 years and is renewable automatically for
additional 5-year periods. The owners of the La Guanaca property will receive
US$2,000 per month in cash during the term of the agreement.

On February 12, 2008, the Companys subsidiary, Pacific LTDA,
entered into an Operator Agreement (the Chile Operator Agreement) with Gareste
Limitada, a limited liability partnership organized under the laws of Chile
(Gareste). Pursuant to the Chile Operator Agreement Gareste will prepare and
submit proposed annual work programs and accompanying budgets to Pacific LTDA
covering the exploration and, if warranted, development of certain mineral
concessions held by Pacific LTDA. Gareste will provide comprehensive management
services and contract for transportation, labor, insurance and logistical
services for all approved programs. Garestes overhead reimbursement and
compensation will be specified in each proposed budget and subject to approval
by Pacific LTDA. The Chile Operator Agreement is terminable by either party upon
90-days prior notice. Harold Gardner, a member of the Companys board of
directors, is a 50% owner and co-managing partner in Gareste.

On February 12, 2008 The Companys subsidiary, Peru SRL entered
into an Operator Agreement (the Peru Operator Agreement) with Inversiones
Mineras Stiles, a limited liability partnership organized under the laws of Peru
(Stiles). Pursuant to the Peru Operator Agreement Stiles will prepare and
submit proposed annual work programs and accompanying budgets to Peru SRL
covering the exploration and, if warranted, development of certain mineral
concessions held by Peru SRL. Stiles will provide comprehensive management
services and contract for transportation, labor, insurance and logistical
services for all approved programs. Stiles overhead reimbursement and
compensation will be specified in each proposed budget and subject to approval
by Peru SRL.

The Company, through Pacific LTDA, also executed a letter of
intent dated September 9, 2009 with Gareste to acquire its interest in the
Yerbas Buenas oxide copper property located 130 km southeast of the city of
Copiapo, Atacama Region III, Chile (the Yerbas Buenas LOI). By letter
agreement dated February 22, 2010, the Company agreed with Gareste to terminate
the Yerbas Buenas LOI. .. In exchange for the release of this property back to
Gareste, and in consideration of exploration efforts expended by the Company
during the pendency of the Yerbas Buenas LOI, Gareste has agreed to convey to
Pacific Copper a 2% Net Smelter Return royalty on mineral production from the
property, capped at US$250,000.

26

---

Pacific Copper Corp. through its Chilean subsidiary Pacific
Copper Chile Limitada, entered into a mineral property acquisition agreement
(MPAA) with Gareste Limitada to purchase the San Enrique property located in
Atacama Region III, Chile and comprising 100 hectares. In consideration Pacific
Copper was to issue 7 million shares of its capital stock and grant a 2% Net
Smelter Return (NSR) royalty to Gareste Limitada, capped at US$6 million, one
half (1/2) of which can be repurchased by Pacific Copper or its subsidiary at
any time prior to commencement of any commercial production by making a payment
of US$2 million to Gareste Limitada. On February 22, 2010, the Company, its
subsidiary Pacific Copper Chile Ltda. (Pacific LTDA), and Sociedad Gareste
Limitada (Gareste) amended (the Amendment) the MPAA. Gareste is the private
Chilean limited liability partnership in which one of the Companys directors,
Harold Gardner, is a 50% owner and co-managing partner. Under the terms of the
Amendment, Gareste agreed to include in the purchase additional mineral
exploration concessions adjacent to San Enrique, comprising 160 hectares, and
applications for another 2,000 hectares of adjacent concessions that overstake
current concessions with senior rights in third-parties. The parties also
extended the Closing Date of the MPAA to June 30, 2010 and granted and extended
to Gareste a specific right of rescission (Rescission Right) of the
transaction, which after closing, and if exercised, will obligate the Company
and Pacific LTDA to convey the mineral titles back to Gareste if the Company
does not raise and add to its treasury the net sum of US$1.6 million dollars
within six (6) months of the Effective Date of the Amendment, or if US$1 million
is not expended by Pacific Copper Chile and the Company on the Property and
related project overhead within eighteen (18) months of the Effective Date.

The share portion of the consideration payable by the Company
to the vendor, under the MPAA and the Amendment, amounting to 7 million shares
of the Company, was to be placed in escrow pending the satisfaction of closing
conditions and the further satisfaction of the conditions that would otherwise
give rise to the Rescission Right. In the case that the Rescission Right is
exercised, Gareste is obligated to release from escrow and return any share
consideration received for this transaction back to the Company. The other terms
of the MPAA remain unchanged. The parties failed to close the purchase of San
Enrique under the terms of the amended MPAA by June 30, 2010, and the agreement
has therefore lapsed and has expired.

On January 20, 2010, the Company executed an engagement
agreement with an agent to whom the Company agreed to pay a non-refundable work
fee of $25,000 for a term of 6 months, plus a cash advance against expenses of
$3,500. The agent will endeavor to obtain up to $2.1 million in funding for the
Company, on terms and conditions acceptable to the Company. The Company will
compensate the agent with a commission of 9% of the total amount of the
financing and issue warrants equal to 10% of the total number of shares issued
by the Company under the financing, with amounts advanced for the work fee to be
adjusted against any commissions earned. As of the date of this report this
agreement has lapsed and expired.

Subsequent Events

Subsequent to the quarter ended July 31, 2010, the Company
received $20,000 from the related party which had a net receivable of
$20,000.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT
MARKET RISK

Not applicable because we are a smaller reporting company.

ITEM 4. DISCLOSURE CONTROLS AND PROCEDURES

Based on an evaluation our Chief Executive Officer and Chief Financial Officer conducted of the effectiveness of the design and operation of our disclosure controls and procedures, as required by Exchange Act Rule 13a-15(e), they concluded that our disclosure controls and procedures were not effective as of July 31, 2010, to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act are:

| | 1. | recorded, processed, summarized and reported within the
      time periods specified by the SEC's rules and forms, and                                                                            
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                   
| | 2. | accumulated and communicated to management, including the
      Chief Executive Officer and Chief Financial Officer, as appropriate to
      allow timely decisions regarding required
disclosure.

In the course of making our assessment of the effectiveness of internal controls over financial reporting, we identified a material weakness in our internal control over financial reporting. This material weakness consisted of inadequate staffing within the accounting operations of our company. The small number of employees who are responsible for accounting functions prevents us from segregating duties within our internal control system. The inadequate segregation of duties is a weakness because it could lead to the untimely identification and resolution of accounting and disclosure matters or could lead to a failure to perform timely and effective reviews. Management has added other compensating controls to reduce and minimize the risk of a material misstatement in the Companys financial statements. Due to this material weakness, management concluded that its internal control over financial reporting was not effective as of July 31, 2010.

During the quarter ended July 31, 2010, there have been no
changes to the Companys internal controls over financial reporting that have
materially affected, or are reasonably likely to materially affect, the
Companys internal control over financial reporting.

27

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PART II - OTHER INFORMATION

ITEM 1.      LEGAL
PROCEEDINGS

The Company is not a party to any pending legal proceeding or
litigation and none of the Companys property is the subject of a pending legal
proceeding.

ITEM 1A.   RISK FACTORS

Risks Related To Our Business

1. THE COMPANY HAS NO SOURCE OF OPERATING REVENUE AND
      EXPECTS TO INCUR SIGNIFICANT EXPENSES BEFORE ESTABLISHING AN OPERATING
      COMPANY, IF IT IS ABLE TO ESTABLISH AN OPERATING COMPANY AT
ALL.

Currently, the Company has no source of revenue, and no
  commitments to obtain additional financing. The Company will require significant
  additional working capital to carry out its exploration programs. The Company
  has no operating history upon which an evaluation of its future success or
  failure can be made. The ability to achieve and maintain profitability and
  positive cash flow is dependent upon:

- further exploration of our properties and the results of that exploration;
- raising the capital necessary to conduct this exploration; and
- raising capital to fund our exploration and develop our properties.

Because the Company has no operating revenue, it expects to
incur operating losses in future periods as it continues to spend funds to
explore its properties. Failure to raise the necessary capital to continue
exploration could cause the Company to go out of business.

2. WE WILL NEED TO RAISE ADDITIONAL FINANCING TO COMPLETE
FURTHER EXPLORATION

We will require significant additional financing in order to
continue our exploration activities and our assessment of the commercial
viability of our properties in South America. Furthermore, if the costs of our
planned exploration programs are greater than anticipated, we may have to seek
additional funds through public or private share offerings or arrangements with
corporate partners. There can be no assurance that we will be successful in our
efforts to raise these require funds, or on terms satisfactory to us. The
continued exploration of current and future mineral properties and the
development of our business will depend upon our ability to establish the
commercial viability of our properties and to ultimately develop cash flow from
operations and reach profitable operations. We currently are in the exploration
stage and we have no revenue from operations and we are experiencing significant
negative cash flow. Accordingly, the only other sources of funds presently
available to us are through the sale of equity. Alternatively, we may finance
our business by offering an interest in any of our mineral properties to be
earned by another party or parties carrying out further exploration and
development thereof or to obtain project or operating financing from financial
institutions, neither of which is presently intended. If we are unable to obtain
this additional financing, we will not be able to continue our exploration
activities and our assessment of the commercial viability of our precious metal
and mineral properties. Further, if we are able to establish that development of
our precious metal and mineral properties is commercially viable, our inability
to raise additional financing at this stage would result in our inability to
place our mineral properties into production and recover our investment. We may
not discover commercially exploitable quantities of precious metals or minerals
on our properties that would enable us to enter into commercial production, and
achieve revenues and recover the money we spend on exploration.

Our properties do not contain reserves in accordance with the
definitions adopted by the Securities and Exchange Commission, and there is no
assurance that any exploration programs that we out will establish reserves. All
of our mineral properties are in the exploration stage as opposed to the
development stage and have no known body of economic mineralization. The known
mineralization at these projects has not yet been determined, and may never be
determined to be economic. We plan to conduct further exploration activities on
our properties, which future exploration may include the completion of
feasibility studies necessary to evaluate whether a commercial mineable mineral
exists on any of our properties. There is a substantial risk that these
exploration activities will not result in discoveries of commercially
recoverable quantities of minerals. Any determination that our properties
contain commercially recoverable quantities of minerals may not be reached until
such time that final comprehensive feasibility studies have been concluded that
establish that a potential mine is likely to be economic. There is a substantial
risk that any preliminary or final feasibility studies carried out by us will
not result in a positive determination that our mineral properties can be
commercially developed.

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3.. SUBSTANTIAL PORTIONS OF OUR SOUTH AMERICAN COPPER OXIDE
EXPLORATION PROPERTY ASSETS HAVE BEEN PLEDGED TO SECURE A SHORT-TERM NOTE AND
COULD BE LOST IF WE CANNOT REPAY THE NOTE

On February 17, 2009, Pacific Copper issued a promissory note
(the War Eagle Note) to War Eagle Mining Company, Inc. a Canadian corporation
(War Eagle). The War Eagle Note has a face amount of $155,000. All amounts
advanced under the War Eagle Note are due and payable on June 30, 2009 with
interest at 15% per annum. By its terms, the War Eagle Note was to be secured by
a blanket security interest in all real, personal, and intangible interests of
the Company associated with each of the La Guanaca, El Corral, La Mofralla and
Venado projects (the Companys South American oxide copper properties, as
described herein). The Company has declared a breach by War Eagle under the War
Eagle Note for failure by War Eagle to fully fund advances under the War Eagle
Note, and has denied the security interest. While the Company believes it has a
strong legal position with respect to the dispute with War Eagle, it is possible
that since the Company has not repaid the War Eagle Note on June 30, 2009 (the
maturity date), it could lose its interest in the properties securing the War
Eagle Note. (See Note 13 to the financial statements)

4.. BECAUSE OF THE UNIQUE DIFFICULTIES AND UNCERTAINTIES
INHERENT IN MINERAL EXPLORATION VENTURES AND CURRENT DETERIORATION IN EQUITY
MARKETS, WE FACE A HIGH RISK OF BUSINESS FAILURE.

Investors should be aware of the difficulties normally
encountered by new mineral exploration companies and the high rate of failure of
such enterprises. Our prospects are further complicated by a pronounced
deterioration in equity markets and constriction in equity capital available to
finance and maintain our exploration activities. Our likelihood of success must
be considered in light of the problems, expenses, difficulties, complications
and delays encountered in connection with the exploration of the mineral
properties that we plan to undertake and the difficult economy and market
volatility that we are experiencing. Moreover, most exploration projects do not
result in the discovery of commercially mineable deposits.

5. THE COMPANY IS HIGHLY DEPENDENT UPON ITS OFFICERS AND
DIRECTORS. BECAUSE OF THEIR INVOLVEMENT IN OTHER SIMILAR BUSINESSES WHICH MAY BE
COMPETITORS, THEY MAY HAVE A CONFLICT OF INTEREST.

None of the Companys officers or directors works for the
Company on a full-time basis. The Companys President and Chief Executive
Officer, Andrew Brodkey, is also the president of two other exploration stage
mining companies and, by the terms of his employment agreement with the Company,
is permitted to participate in other mining related businesses. Some of our
directors are officers or directors of other companies in similar exploration
businesses. Such business activities may be considered a conflict of interest
because these individuals must continually make decisions on how much of their
time they will allocate to the Company as against their other business projects,
which may be competitive. Also, the Company has no key man life insurance policy
on any of its senior management or directors. The loss of one or more of these
officers or directors could adversely affect the ability of the Company to carry
on business.

6. THE COMPANY COULD ENCOUNTER REGULATORY AND PERMITTING
DELAYS.

The Company could face further delays in obtaining title to
properties under contract with its subsidiary in Peru, as well as delays in
obtaining permits to explore on the properties covered by our claims or permits
to develop the projects. Such delays could jeopardize financing, if any is
available, which could result in having to delay or abandon work on some or all
of the properties.

29

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7. RISKS ASSOCIATED WITH PROPERTIES IN SOUTH AMERICA

The Company is currently pursuing investments and exploration
projects in Chile and Peru. These investments and projects, as well as any other
investments or projects made or undertaken in the future in other developing
nations, are subject to the risks normally associated with conducting business
in such countries, including labor disputes and uncertain political and economic
environments, as well as risks of disturbances or other risks which may limit or
disrupt the projects, restrict the movement of funds or result in the
deprivation of contract rights or the taking of property by nationalization or
expropriation without fair compensation laws or policies, foreign taxation,
limitations on ownership and on repatriation of earnings, and foreign exchange
controls and currency fluctuations. Foreign investments may also be adversely
affected by changes in United States laws and regulations relating to foreign
trade, investment and taxation. If the Companys operations in a particular
foreign country were halted, delayed or interfered with, the Companys business
could be adversely affected.

8. OUR EXPLORATION ACTIVITIES ON OUR MINERAL PROPERTIES MAY NOT
BE COMMERCIALLY SUCCESSFUL, WHICH COULD LEAD US TO ABANDON OUR PLANS TO DEVELOP
THE PROPERTY ANDOUR INVESTMENTS IN EXPLORATION

Our long-term success depends on our ability to establish
commercially recoverable quantities of ore on our mineral properties that can
then be developed into commercially viable mining operations. Mineral
exploration is highly speculative in nature, involves many risks and is
frequently non-productive. These risks include unusual or unexpected geologic
formations, and the inability to obtain suitable or adequate machinery,
equipment or labor. The success of mineral exploration is determined in part by
the following factors:

- identification of potential mineralization based on superficial analysis;
- availability of government-granted exploration permits;
- the quality of management and geological and technical expertise; and
- the capital available for exploration.

Substantial expenditures are required to establish proven and
probable reserves through drilling and analysis, to develop processes to extract
minerals, and to develop the mining and processing facilities and infrastructure
at any chosen site. Whether a mineral deposit will be commercially viable
depends on a number of factors, which include, without limitation, the
particular attributes of the deposit, such as size, grade and proximity to
infrastructure; metal prices, which fluctuate widely; and government
regulations, including, without limitation, regulations relating to prices,
taxes, royalties, land tenure, land use, importing and exporting of minerals and
environmental protection. We may invest significant capital and resources in
exploration activities and abandon such investments if it is unable to identify
commercially exploitable mineral reserves. The decision to abandon a project may
reduce the trading price of our common stock and impair our ability to raise
future financing. We cannot provide any assurance to investors that we will
discover or acquire any mineralized material in sufficient quantities on any of
our properties to justify commercial operations. Further, we will not be able to
recover the funds that we spend on exploration if we are not able to establish
commercially recoverable quantities of precious metals or minerals on our
properties.

9. OUR BUSINESS IS DIFFICULT TO EVALUATE BECAUSE WE HAVE
LIMITED OPERATING HISTORY.

In considering whether to invest in our common stock since
there is only limited historical financial and operating information available
on which to base your evaluation of our performance. In addition, we have only
recently acquired or will acquire our primary minerals exploration prospects
located in South America with limited experience in early stage exploration
efforts.

30

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10. WE HAVE A HISTORY OF OPERATING LOSSES AND THERE CAN BE NO
ASSURANCE WE WILL BE PROFITABLE IN THE FUTURE.

We have a history of operating losses, expect to continue to
incur losses, and may never be profitable, and we must be considered to be in
the exploration stage. Further, we have been dependent on sales of our equity
securities and debt financing to meet our cash requirements. We have incurred
losses totaling approximately $17,995,940 from inception to July 31, 2010. As of
July 31, 2010, we had an accumulated deficit of $17,995,940. Further, we do not
expect positive cash flow from operations in the near term. There is no
assurance that actual cash requirements will not exceed our estimates. In
particular, additional capital may be required in the event that: (i) the costs
to acquire additional mineral exploration claims are more than we currently
anticipate or (ii) exploration and or future potential mining costs for
additional claims increase beyond our expectations;

11. COSTS ASSOCIATED WITH ENVIRONMENT LIABILITIES AND
COMPLIANCE MAY INCREASE WITH AN INCREASE IN FUTURE SCALE AND SCOPE OF
OPERATIONS

We believe that our operations currently comply, in all
material respects, with all applicable environmental regulations. However, we
are not fully insured at the current date against possible environmental
risks.

12. ANY CHANGE IN GOVERNMENT REGULATION/ADMINISTRATIVE
PRACTICES MAY HAVE A NEGATIVE IMPACT ON OUR ABILITY TO OPERATE AND OUR
PROFITABILITY

The laws, regulations, policies or current administrative
practices of any government body, organization or regulatory agency in South
America or any other applicable jurisdiction, may be changed, applied or
interpreted in a manner which will fundamentally alter our ability to carry on
business. The actions, policies or regulations, or changes thereto, of any
government body or regulatory agency, or other special interest groups, may have
a detrimental effect on us. Any or all of these situations may have a negative
impact on our ability to operate and/or our profitably.

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13 OUR PLANNED MINERAL EXPLORATION EFFORTS ARE HIGHLY
SPECULATIVE; WE HAVE NOT YET ESTABLISHED ANY PROVEN OR PROBABLE RESERVES.

Mineral exploration is highly speculative. It involves many
risks and is often non-productive. Even if we believe we have found a valuable
mineral deposit, it may be several years before production is possible. During
that time, it may become no longer feasible to produce those minerals for
economic, regulatory, political, or other reasons. Additionally, we may be
required to make substantial capital expenditures and to construct mining and
processing facilities. As a result of these costs and uncertainties, we may be
unable to start, or if started, to finish our exploration activities. In
addition, we have not to date established any proven or probable reserves on our
mining properties and there can be no assurance that such reserves will ever be
established.

14. MINING OPERATIONS IN GENERAL INVOLVE A HIGH DEGREE OF RISK,
WHICH WE MAY BE UNABLE, OR MAY NOT CHOOSE TO INSURE AGAINST. .

Our operations are subject to all of the hazards and risks
normally encountered in the exploration, development and production of minerals.
These include unusual and unexpected geological formations, rock falls, flooding
and other conditions involved in the drilling and removal of material, any of
which could result in damage to, or destruction of, mines and other producing
facilities, damage to life or property, environmental damage and possible legal
liability. Although we plan to take adequate precautions to minimize these
risks, and risks associated with equipment failure or failure of retaining dams
which may result in environmental pollution, there can be no assurance that even
with our precautions, damage or loss will not occur and that we will not be
subject to liability which will have a material adverse effect on our business,
results of operation and financial condition.

15. BECAUSE OF THE INHERENT DANGERS INVOLVED IN MINERAL
EXPLORATION, THERE IS A RISK THAT WE MAY INCUR LIABILITY OR DAMAGES AS WE
CONDUCT OUR BUSINESS.

The search for valuable minerals involves numerous hazards. As
a result, we may become subject to liability for such hazards, including
pollution, cave-ins and other hazards against which we cannot insure or against
which we may elect not to insure against. At the present time, we may not have
sufficient coverage to insure against these hazards. Incurring such liabilities
could result in our going out of business.

16. GOING CONCERN QUALIFICATION

The Company has included a going concern qualification in the
Consolidated Financial Statements to the effect that we are an exploration stage
company and have no established sources of revenue. In the event that we are
unable to raise additional capital and/or locate mineral resources, and
ultimately develop proven and probable reserves, as to which in each case there
can be no assurance, we may not be able to continue our operations. In addition,
the existence of the going concern qualification in our auditor's report may
make it more difficult for us to obtain additional financing. If we are unable
to obtain additional financing, you may lose all or part of your investment.

17. OUR BUSINESS IS AFFECTED BY CHANGES IN COMMODITY
PRICES.

Our ability to develop our mineral properties and the future
profitability of the Company is directly related to the market price of certain
minerals, including but not limited to copper. The Company is negatively
affected by the decline in commodity prices.

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Risks Related To Our Common Stock

18. OUR COMMON STOCK IS A PENNY STOCK.

Our Common Stock is classified as a penny Stock, which is
traded on the OTC Bulletin Board. As a result, an investor may find it more
difficult to dispose of or obtain accurate quotations as to the price of the
shares of the Common Stock. In addition, the penny stock rules adopted by the
Securities and Exchange Commission subject the sale of the shares of the Common
Stock to certain regulations which impose sales practice requirements on
broker-dealers. For example, broker-dealers selling such securities must, prior
to effecting the transaction, provide their customers with a document that
discloses the risks of investing in such securities. Furthermore, if the person
purchasing the securities is someone other than an accredited investor or an
established customer of the broker-dealer, the broker-dealer must also approve
the potential customers account by obtaining information concerning the
customers financial situation, investment experience and investment objectives.
The broker-dealer must also make a determination whether the transaction is
suitable for the customer and whether the customer has sufficient knowledge and
experience in financial matters to be reasonably expected to be capable of
evaluating the risk of transactions in such securities. Accordingly, the
Commissions rules may result in the limitation of the number of potential
purchasers of the shares of the Common Stock. In addition, the additional
burdens imposed upon broker-dealers by such requirements may discourage
broker-dealers from effecting transactions in the Common Stock, which could
severely limit the market of the Companys Common Stock.

19. ADDITIONAL ISSUANCES OF EQUITY SECURITIES MAY RESULT IN
DILUTION OF OUR EXISTING STOCKHOLDERS .

Our Articles of Incorporation authorize the issuance of
200,000,000 shares of common stock and 50,000,000 shares of preferred stock. The
Board of Directors has the authority to issue additional shares of our capital
stock to provide additional financing in the future and the issuance of any such
shares may result in a reduction of the book value or market price of the
outstanding shares of our common stock. If we do issue any such additional
shares, such issuance also will cause a reduction in the proportionate ownership
and voting power of all other stockholders. As a result of such dilution, if you
acquire shares of our common stock, your proportionate ownership interest and
voting power could be decreased. Further, any such issuances could result in a
change of control.

20. A DECLINE IN THE PRICE OF OUR COMMON STOCK COULD AFFECT OUR
ABILITY TO RAISE FURTHER WORKING CAPITAL AND ADVERSELY IMPACT OUR
OPERATIONS.

A decline in the price of our common stock could result in a
reduction in the liquidity of our common stock and a reduction in our ability to
raise additional capital for our operations. Since our operations to date have
been principally financed through the sale of equity securities, a decline in
the price of our common stock could have an adverse effect upon our liquidity
and our continued operations. A reduction in our ability to raise equity capital
in the future would have a material adverse effect upon our business plan and
operations, including our ability to continue our current operations. If our
stock price declines, we may not be able to raise additional capital or generate
funds from operations sufficient to meet our obligations.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF
PROCEEDS

None

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. (REMOVED AND RESERVED)

Not applicable.

ITEM 5. OTHER INFORMATION:

None.

ITEM 6. EXHIBITS

| | 31.1 | Rule 13a-14(a)/15d-14(a) Certification of Chief Executive
  Officer.                                                                                                                    
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |      |                                                                                                                                                                                         
| | 31.2 | Rule 13a-14(a)/15d-14(a) Certification of Chief Financial
    Officer.                                                                                                                  
| |      |                                                                                                                                                                                         
| | 32.1 | Certificate of Chief Executive Officer and Chief
      Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant
      to Section 906 of the Sarbanes-Oxley Act of 2002.

33

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SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act
of 1934, the Registrant has duly caused this Report to be signed on its behalf
by the undersigned thereunto duly authorized.

Date: September 17, 2010

/s/ Andrew
BrodkeyAndrew Brodkey Chief Executive Officer

/s/ Rakesh
MalhotraRakesh Malhotra, C.A. Chief Financial Officer

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