EXERCISE OF OPTIONS AND CANCELLATION OF OPTIONS

For Immediate Release: 9th July 2007

                             COPPER RESOURCES CORP                             

                EXERCISE OF OPTIONS AND CANCELLATION OF OPTIONS                

Copper Resources Corp ("CRC", "the Company") announces that options over
800,000 common shares in the company have been exercised at US$1.00 per share.
Accordingly, these shares were duly issued and allotted on 5th and 6th July
2007.

In addition, warrants have been exercised over 370,000 common shares in the
Company as follows:

--120,000 warrants at £0.55 per share

--150,000 warrants at £0.77 per share

--100,000 warrants at £0.75 per share

Application has been made to the London Stock Exchange for these 1,170,000
common shares to be admitted to trading on AIM on 13 July 2007.

Following this exercise, the total number of the Company's shares currently in
issue is 71,864,191.

The Company also announces that options in respect of 1,062,500 common shares
have been cancelled due to staff and director departures earlier this year, of
which 312,500 had been vested.

As a result, there are 3,678,175 outstanding vested options and 6,499,929
outstanding warrants.

Enquiries:

   Copper Resources    Nabarro Wells &  Fox-Davies Capital          GTH        
     Corporation         Co. Limited          Limited                          
                                                              Communications   
                                                                               
   Mitchell Alland        Hugh Oram        Richard Hail          Toby Hall     
                                                                               
    Executive Vice                                                             
       Chairman                                                                
                                                                               
       +44 (0)             +44 (0)        [phone]         +44 (0)      
                                               5200                            
     78 7569 5563        20 7710 7400                          20 7153 8035