EXERCISE OF OPTIONS

7th February 2008

                             COPPER RESOURCES CORP                             

                              EXERCISE OF OPTIONS                              

Copper Resources Corp ("CRC", "the Company") announces that options in respect
of 70,206 common shares in the Company have been exercised. Accordingly, these
shares were duly issued and allotted on 7th February 2008.

Application has been made to the London Stock Exchange for these common shares
to be admitted to trading on AIM on 13th February 2008.

Following this exercise, the total number of the Company's shares currently in
issue is 85,311,021.

In addition, there are 1,907,146 options which remain outstanding.

Enquiries:

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