Operational and Financial Update

For immediate release

Stock Exchange Announcement

12 December 2008

                             COPPER RESOURCES CORP                             

                           ("CRC" or "the Company")                            

                       Operational and Financial Update                        

Copper Resources Corp would like to draw attention to the announcement released
this morning by Metorex Limited ("Metorex") relating in part to a strategic
review of CRC's operations and financing options.

Kinsenda Mine

As stated in its announcement, Metorex currently lacks the financial resources
to fast-track the development of the Kinsenda mine. Also, in light of the
current state of the international capital markets and irrespective of
Metorex's current financial capacity, it is considered to be inappropriate for
Metorex to continue providing 100% of the funding required for the continued
development of the mine. Therefore, Metorex has, on behalf of CRC, commenced
discussions to secure long term and project-specific finance to develop this
mine. Meanwhile, the operating costs of the mine are being reduced and
development work slowed down.

Musoshi Mine

Further negotiations have been held with the Revisitation Committee appointed
by the Government of the DRC over the title to assets held by MMK, a 75%
subsidiary of CRC. Currently CRC's management intend that the Musoshi mine,
currently on care and maintenance, will, subject to agreement, be returned to
Sodimico (a partner of MMK) as part of the mineral title review process
settlement. A further announcement will be made in due course once negotiations
have concluded.

Debt financing

Metorex intends to exercise its rights in terms of its funding agreement with
CRC to capitalise part of its loans in CRC, thereby further increasing its
shareholding in CRC. A further announcement will be made as soon as the terms
of this capitalization are agreed.

Proposed delisting of CRC

The Company confirms that the process of securing shareholder approval for the
de-listing of CRC from AIM has commenced. A further announcement will be made
in due course.

CAMEC announcement

The Company notes the announcement by Central African Mining & Exploration
Company plc ("CAMEC") on 11 December 2008, in respect to disenfranchisement of
CAMEC's interests in CRC.

Enquiries:

    Copper Resources     Nabarro Wells &        GTH        
      Corporation          Co. Limited                     
                                           Communications  
                                                           
       Jeff Carel           Hugh Oram        Toby Hall     
                                                           
   Company Secretary                                       
                                                           
        +27 (0)              +44 (0)          +44 (0)      
                                                           
      11 803 1073         20 7634 4700      20 7153 8035