EXERCISE OF OPTIONS AND WARRANTS

30th November 2007

For immediate release

                             COPPER RESOURCES CORP                             

                       EXERCISE OF OPTIONS AND WARRANTS                        

Copper Resources Corp ("CRC" or "the Company") announces that options over
1,300,000 common shares in the Company have been exercised by George Forrest
International Afrique SPRL (the "Forrest Group") at £0.75 per share, and
warrants over 2,749,928 common shares in the Company have been exercised by
Metorex Limited at £0.75 per share. Accordingly, these shares were duly issued
and allotted on 30th November 2007.

Application has been made to the London Stock Exchange for these common shares
to be admitted to trading on AIM on 6th December 2007.

Following this exercise, the total number of the Company's shares currently in
issue is 85,179,110.

As a result of the exercise of these options, the Forrest Group's holding has
increased to 30,543,464 common shares, equivalent to 35.86% of the Company's
issued share capital. These shares are expected to be transferred to Metorex
Limited in due course under the acquisition agreement as previously announced,
whereby Metorex Limited will then own 33,293,392 common shares, representing
39.09% of the of the Company's current issued share capital.

In addition, there are 2,039,057 vested options which remain outstanding. All
warrants have now been exercised.

Following the exercise of these warrants and options, the Company's cash
balances have increased to $10 million, which the Directors of CRC consider
adequate for the Company's working capital needs for at least the next 6
months.

Enquiries:

   Copper Resources    Nabarro Wells &  Fox-Davies Capital          GTH        
     Corporation         Co. Limited          Limited                          
                                                              Communications   
                                                                               
      Jeff Carel          Hugh Oram        Richard Hail          Toby Hall     
                                                                               
       +27 (11)            +44 (0)            +44 (0)             +44 (0)      
                                                                               
       803 1073          20 7710 7400      207 936 5200        20 7153 8035