Update

For immediate release

Stock Exchange Announcement Tuesday 20th November 2007

                             COPPER RESOURCES CORP                             

                                 "the Company"                                 

At the Board Meeting held yesterday, the Directors discussed the future funding
of the Company and a number of new Board appointments.

The Board is considering other funding arrangements for the ongoing operations
of the Company as an alternative to the placing with Glencore International AG
announced on 15 November 2007.

The Board has proposed the appointment of two new directors, subject to
completion of procedures required under the AIM Rules for Nominated Advisers,
and in addition will consider the appointment of further directors to represent
the interests of shareholders other than the Forrest Group or Metorex.

Enquiries:

   Copper Resources    Nabarro Wells &  Fox-Davies Capital          GTH        
     Corporation         Co. Limited          Limited                          
                                                              Communications   
                                                                               
      Jeff Carel          Hugh Oram        Richard Hail          Toby Hall     
                                                                               
       +27 (O)             +44 (0)            +44 (0)             +44 (0)      
                                                                               
     11 803 1073         20 7710 7400      207 936 5200        207 153 8035