Drilling Report

DRILLING RESULTS FROM FIRST FOUR HOLES OF HINOBA-AN (PHILIPPINES) INFILL    
                              DRILLING PROGRAMME                               

                     COPPER RESOURCES CORPORATION ("CRC")                      

Highlights

Assay results from the first four holes of the infill drilling programme on the
DJ Porphyry Copper Deposit show:

  * indications of mineralisation in the top 15 metres, a zone discounted in
    previous studies;
   
  * support for the conclusions of previous work below 15 metres; and
   
  * possible improvement in the previously interpreted grades in the vicinity
    of the new holes, based on preliminary analysis.
   
Drilling Results

Final assay results have now been received for holes CDD-001 to CDD-004, with
the results as follows. These results include the partial results reported in
the October 31 release. All holes were collared near the centre of the DJ
Porphyry Copper Deposit, and are part of a programme of 62 holes designed to
infill the 59,000 metres of earlier drilling.

Hole             Interval      Length (m)     Copper %   
                                                         
CDD-001(1)      3m to 210m        207           0.50     
                                                         
 including(2)   24m to 39m         15           0.86     
                                                         
 including(2)   45m to 60m         15           0.65     
                                                         
 including(2)  156m to 171m        15           0.73     
                                                         
 including(2)  177m to 195m        18           0.63     
                                                         
CDD-002(1)      6m to 141m        135           0.44     
                                                         
 including(2)   57m to 96m         39           0.71     
                                                         
CDD-003(1)      9m to 126m        117           0.45     
                                                         
CDD-003(1)     144m to 174m        30           0.33     
                                                         
CDD-004(1)      0m to 165m        165           0.49     
                                                         
 including(2)    3m to 30m         27           0.70     
                                                         
 including(2)   51m to 66m         15           0.61     
                                                         
 including(2)  111m to 153m        42           0.62     

(1) Calculated using a 0.20% Cu cutoff

(2) Calculated using a 0.50% Cu cutoff

The results from the four holes support previous work, and a preliminary
analysis indicates that results are at least as good as, and in some cases an
improvement, on calculated grades in the vicinity of the new holes.

Previous work on the deposit discounted the top 15 metres, as assaying was not
carried out in this zone. One of the aims of the current work programme is to
ascertain the potential of this zone; the latest results indicate that
mineralisation is present in the top 15 metres in all four holes.

Future Programme

The Bankable Feasibility Study ("BFS") sets out a programme of 62 holes to a
maximum depth of 300m. The BFS is on schedule to be completed by December 2006.

In so far as it relates to mineralisation within CRC's Hinoba-an deposit, this
press re-lease is based on information compiled by Mr. Mark Gordon,a full time
employee of CRC and a Member of the Aus-tralasian Institute of Mining and
Metallurgy, who qual-ifies as a Competent Person as defined in the 2004 edition
of "The Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves". Mr. Gordon has given consent to the inclusion in
this press release of matters based on this information in the form and context
in which they appear.


For further information please contact:

   Copper Resources      Nabarro Wells &       Westhouse             GTH       
      Corporation              Co.            Securities       Communications  
                                                                               
    Mitchell Alland        Keith Smith     Richard Morrison       Toby Hall    
                                                                               
Executive Vice Chairman                                                        
                                                                               
        +44 (0)              +44 (0)            +44(0)             +44 (0)     
                                                                               
     77 4801 8690         20 7710 7400       20 7601 6100       20 7153 8035