RE: SUBSTANTIAL SHAREHOLDINGS

Immediate Release                                                 3rd July 2007

                         COPPER RESOURCES CORPORATION                          

                         RE: SUBSTANTIAL SHAREHOLDINGS                         

LONDON, United Kingdom - 3rd July 2007

Copper Resources Corporation ("CRC" or "the Company") has received a letter
dated 2 July 2007 from George Forrest International Afrique s.p.r.l. ("GFIA")
stating that GFIA, together with related companies ("the Forrest Group") that
hold shares in the Company, have entered into an exclusive agreement with
Metorex Limited with a view to the possible purchase of and/or share exchange
in respect of all of the shares in the Company in which the Forrest Group is
directly or indirectly interested and/or the assets of the Company. The letter
indicates that GFIA has procured that this possible transaction would be
accompanied by an offer by Metorex to the minority shareholders in CRC on the
same terms as those agreed with the Forrest Group.

L'Enterprise Generale Malta Forrest sprl, a Forrest Group company, currently
holds 21,597,121 common shares in the Company, representing 30.57 per cent of
the issued share capital of CRC.

   Copper Resources    Nabarro Wells &     Fox-Davies             GTH          
     Corporation         Co. Limited    Capital 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