FINANCING APPROVED FOR KINSENDA PROJECT IN DRC

Immediate Release                                                  21 July 2006

                         COPPER RESOURCES CORPORATION                          

         US$32 MILLION FINANCING APPROVED FOR KINSENDA PROJECT IN DRC          

LONDON, United Kingdom - 21 July 2006.

Copper Resources Corporation (AIM: CRC.L) ("CRC"), is pleased to announce that
it has accepted the Offer of Finance extended by RMB Resources after the bank's
Investment Committee approved a loan facility of US$32 million for Minière de
Kinsenda et Musoshi sarl ("MMK"), its 75%-owned Congolese (DRC) subsidiary. The
proceeds of the loan to be provided by RMB Resources will be used to restart
the Kinsenda copper mine.

Mitchell Alland, CRC Executive Vice Chairman stated: "With the approval of the
financing by the RMB Resources Investment Committee and the ongoing dewatering
of the mine and construction at the site, everything is falling into place for
CRC to become a producer next year."

 Copper Resources   Nabarro Wells & Co.      Westhouse              GTH        
    Corporation                                                                
                                            Securities        Communications   
                                                                               
  Mitchell Alland     Jonathan Naess     Richard Morrison        Toby Hall     
                                                                               
  Executive Vice                                                               
     Chairman                                                                  
                                                                               
      +44 (0)             +44 (0)             +44(0)              +44 (0)      
                                                                               
   78 7569 5563        20 7710 7400        20 7601 6100        20 7153 8035