Appointment of RMB Resources

Immediate Release                                                  19 June 2006

                         COPPER RESOURCES CORPORATION                          

   APPOINTMENT OF RMB RESOURCES TO PROVIDE US$32 MILLION LOAN FOR RESTART OF    
                      KINSENDA COPPER PROJECT IN MID-2007                      

LONDON, United Kingdom - 19 June 2006.

Copper Resources Corporation (AIM: CRC.L) ("CRC"), is pleased to announce that
it has appointed RMB Resources Limited to arrange a loan facility of US$32
million for Minière de Kinsenda et Musoshi sarl ("MMK"), its 75%-owned
Congolese (DRC) subsidiary. Proceeds of the loan will be used to restart the
Kinsenda copper mine in mid-2007. CRC does not anticipate that any further
equity financing will be required for the Kinsenda Restart Project.

The projected financial return to CRC of the Kinsenda copper project is highly
favourable with an estimated IRR of 96% and a NPV of US$147 million at a
discount rate of 10%, based on a "base case" using a US$1.25/lb long-term
copper price. The IRR is substantially higher than previous estimates and
reflects the beneficial effect of leveraging from the RMB loan. The high rate
of return also reflects the extremely high grade of Kinsenda's reserves (5.1%
copper) coupled with the project's low capital costs of US$36 million (plus
working capital and financial costs). The current IRR and NPV estimates are
based on the independent feasibility study announced by CRC on 22 February 2006
that was prepared by Mineral Engineering Technical Services Pty Ltd ("METS") of
Perth, Australia, and which have been recalculated by CRC to take into account
the leverage from the loan to be provided by RMB Resources.

The mine will treat 1.2 million tonnes of ore annually, yielding, at full
capacity, 54,000 tonnes per annum of contained copper in the form of a rich,
45% concentrate at an average total cash operating cost of US$0.68/lb. The
mine's reserve life is 13 years based on the currently defined reserves.
However, a new exploration target recently identified by FinOre Mining
Consultants ("FinOre") of Perth, Australia as reported in CRC's announcement of
4 April 2006, could lead to a substantial increase in the estimated Kinsenda
resource and extend the mine life beyond 13 years.

Mitchell Alland, CRC Executive Vice Chairman stated: "The Kinsenda Restart
Project is proceeding on schedule with mining operations scheduled to commence
in mid-2007. Our appointment of RMB Resources will facilitate the timely
closing of the project financing."

Note: FineOre and METS are independent mining consultancy firms that are not
shareholders in CRC or any associated party.

 Copper Resources   Nabarro Wells & Co.      Westhouse              GTH        
    Corporation                             Securities        Communications   
                                                                               
  Mitchell Alland     Jonathan Naess     Richard Morrison        Toby Hall     
                                                                               
  Executive Vice                                                               
     Chairman                                                                  
                                                                               
      +44 (0)             +44 (0)             +44(0)              +44 (0)      
   78 7569 5563        20 7710 7400        20 7601 6100        20 7153 8035