Update on DRC Licences

For immediate release

                             COPPER RESOURCES CORP                             

                                ("the Company")                                

                            Update on DRC Licences                             

The Company notes the publication on 2 November 2007 by a newspaper in the
Democratic Republic of Congo ("DRC") of what is purported to be a copy of the
summary list of conclusions by the government's Commission for Review of Mining
Contracts. The list published in the newspaper states that none of the
companies reviewed by the Commission met the criteria for Category A ("viable
contracts") and comprises 61 companies in Category B ("contracts for
renegotiation"), including Minière de Musoshi et Kinsenda S.A.R.L. ("MMK"), the
75% CRC subsidiary in the DRC. The article states that all the companies
reviewed by the Commission were to have their licenses either renegotiated or
annulled. There has not been any official statement on the companies and
concessions reviewed of the Commission either publicly or to the Board of CRC.

The Board believes that there is no valid legal basis for any revocation or
revision and the Company is totally confident of the validity of the titles to
its mining licences. MMK acquired its assets in accordance with DRC law and
procedures in a fully documented and transparent process. Notwithstanding this,
the Board can give no assurance to shareholders of the final outcome of any
governmental review process.  A s and when there is any further news to report
on the Company's interests in the DRC a further announcement will be made.

    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    


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