Further re Offer

For immediate release

Stock Exchange Announcement

21 January 2008

                             COPPER RESOURCES CORP                             

                            ("the Company or CRC")                             

                               Further re Offer                                

Shareholders of CRC are referred to Metorex's announcement of 18 January 2008,
wherein it was stated that the Board of Metorex has unconditionally contracted
to acquire 5,590,000 CRC Shares, representing approximately 6.6% of the
existing issued share capital of CRC ("the Transactions"), from a number of CRC
shareholders who had previously accepted Metorex's offer to acquire the entire
issued and to be issued share capital of CRC (the "Offer").

These Transactions were carried out off-market via the execution of
unconditional sale and purchase agreements on the same terms as the Offer.

As a result of these Transactions, Metorex has a beneficial interest in
38,883,392 CRC Shares, representing 45.6% of the existing issued share capital
of CRC.

Further to Metorex's announcement of the Offer on 5 December 2007, Metorex
announced on 8 January 2007 that the Offer had been extended and would remain
open for acceptance until 3.00 p.m. on the next closing date, 18 January 2007.
The Offer remains subject to the terms and conditions set out in the Offer
Document.

Enquiries:

  Copper Resources    Nabarro Wells &     Fox-Davies             GTH        
    Corporation         Co. Limited     Capital Limited                     
                                                           Communications   
                                                                            
     Jeff Carel          Hugh Oram       Richard Hail         Toby Hall     
                                                                            
      +27 (11)            +44 (0)           +44 (0)            +44 (0)      
                                                                            
      803 1073         20 7710 7400      20 7936 5200       20 7153 8035