Haib Copper Project Update

Immediate Release                                              7 September 2006

                         COPPER RESOURCES CORPORATION                          

            DENSE MEDIA SEPERATION IDENTIFIED AS ATTRACTIVE PROCESS            

                          FOR HAIB PROJECT IN NAMIBIA                          

LONDON, United Kingdom - 7 September 2006.

Copper Resources Corporation (AIM: CRC.L) ("CRC", "the Company") has identified
an attractive process for its Haib Copper Project in Namibia. Laboratory-scale
test work has confirmed that the Haib ore reacts positively to the application
of a dense media separation process (DMS). In addition, a new scoping study
points to a 50% reduction in capital costs compared to earlier studies, as well
as lower operating costs, owing to the reduced feed requirement for DMS.

These are the results of a scoping study presented by Mineral Engineering
Technical Services ("METS") of Perth, Australia, who CRC commissioned to review
processing options for Haib ore, with a view to reducing capital and operating
costs.

With the encouraging results achieved in the scoping study, CRC will now embark
on a full-sc ale pilot scale test work programme, which will be carried out by
Ammtec Laboratories of Perth under the guidance of METS. In addition, CRC will
begin work on site to collect samples of ore for mineralogical testing to
ensure that, over the whole of the ore body, mineralisation characteristics are
documented. This will require analysis of historical drill cores, which are
currently stored on site 10km northeast of Noordoewer, Namibia.

CRC CEO Chris Jordinson stated, "We have just made a significant step forward
in finding a suitable processing option for the Haib Project; and with positive
results from ongoing test work the economics of the project will be further
improved."

The test work was carried out by Roger Townend and Associates, consulting
mineralogists, and Ammtec Laboratories, both of Perth, Australia, under the
management of METS. Material was crushed to less than 2mm and de-slimed at 75µ.
Some 63.4% of the copper was found to report to 24.9% of the ore mass. As
recommended in the METS scoping study, the remaining 75.1% of the ore would go
to a heapleach process using standard bioleach technology. The following
results were obtained:

               %          %            %               %              %       
                                                                              
           Via Slimes  Via DMS    To Flotation   To VAT leach  Copper Recovery
                                     Plant                                    
                                                                              
Mass Pull    18.5%      6.4%         24.9%           75.1%          75.4%     
                                                                              
Copper       24.2%      39.2%        63.4%           36.6%                    

METS is an independent mining engineering consultancy that is not a shareholder
in CRC or any associated party. The scoping study has been prepared on a
professional basis using qualified and experienced engineers working in
accordance with CRC's scope of work. METS's studies are recognized and accepted
by financial institutions working in the resource sector, and METS has approved
the content of this announcement and the references to its name in the form and
context in which such references are included.

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