Exercise of Warrants

10th July 2007

                             COPPER RESOURCES CORPORATION                             

                             EXERCISE OF WARRANTS                              

Copper Resources Corp ("CRC", "the Company") announces that warrants over
3,600,000 common shares in the Company have been exercised at £0.75 per share.
Accordingly, these shares were duly issued and allotted on 10th July 2007.

Application has been made to the London Stock Exchange for these common shares
to be admitted to trading on AIM on 16 July 2007.

Following this exercise, the total number of the Company's shares currently in
issue is 75,464,191.

In addition, there are 2,899,929 warrants and 3,678,175 vested options which
remain outstanding.

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