First day of dealings on AIM

Copper Resources Corporation
21 April 2005


Thursday, 21st April 2005

                          COPPER RESOURCES CORPORATION
                     ('Copper Resources' or 'the Company')

                         First day of dealings on AIM


Copper Resources Corporation (Ticker: CRC) is the ultimate holding company of a
group of companies with the operating rights to the Hinoba-an Porphyry Copper
Project in the Republic of the Philippines. Copper Resources is pleased to
announce today the commencement of trading on and the admission of its shares to
AIM.

At the placing price of 100 pence per share, the Company has raised new money of
£3.4 million (after expenses). On admission and at the placing price, the market
capitalisation of Copper Resources will be approximately £27.8 million.

Nabarro Wells & Co. Limited is the Nominated Adviser and ODL Securities Limited
is Broker to the Company.

Placing Statistics:

Placing price                                                               100p     
Number of new common shares being issued in the placing                4,000,000
Net proceeds raised by the placing                                  £3.4 million
Number of common shares in issue immediately following the placing    27,756,600
Market capitalisation following the placing at the placing price   £27.8 million
immediately following AIM admission

Commenting on Copper Resources' successful IPO, Chris Jordinson, Chief
Executive, stated 'We are excited about advancing the Hinoba-an Project to the
next stage of Bankable Feasibility Study and its potential to become a long-term
copper feedstock source for the Philippines and the world copper market.'  Mr.
Jordinson also added 'We are also encouraged by the Philippine Government's
renewed emphasis and encouragement of new investment in the mining sector.'


For further information, please contact:

     Copper Resources         Nabarro Wells & Co.             ODL Securities
   Chris Jordinson, CEO          John Robertson               Tony Clements
     [phone]          [phone]          [phone]


Copies of the AIM admission document are available from the Company's website,
www.copperresources.com, or from Nabarro Wells & Co.


                   Background Information on Copper Resources

Copper Resources is the ultimate holding company of a group of mineral
exploration, development and operating companies. The Group effectively has a
92.5 per cent economic interest in the Hinoba-an Porphyry Copper Project (the '
Project'), subject to a 3 per cent net benefits royalty payable to the original
claimowner. The Project is located on the island of Negros in the Republic of
the Philippines, approximately 700 km south of Manila.

The Group's interest in the Project is held under an Integrated Mining and
Operating Agreement with Colet Mining and Development Corporation, which holds
mining leases over 90 hectares and approximately 2,900 hectares of mineral
claims (collectively, the 'Colet Claims'). The Colet Claims cover two known
porphyry copper deposits, the Don Jose deposit and the A1 deposit, which
comprise the Hinoba-an property.

Over the years, a significant amount of exploration and metallurgical testwork
has been performed on the Hinoba-an property with its previous owners having
spent approximately C$14.7 million. The Hinoba-an property has been subject to
approximately 48,000 metres of diamond drilling and 11,000 metres of reverse
circulation drilling.  Pre-feasibility studies indicate that the two deposits
are well drilled and that all due attention has been paid to core handling,
sampling and assaying.

A scoping study undertaken in 1998 envisioned a 15 year mine life for the Colet
Claims based on a geological resource of 254 million tonnes at 0.46 per cent
copper at a 0.30 per cent copper cut-off. The study showed that the deposits
could be profitably mined by open pit method with the ore processed in a
conventional flotation milling operation to produce approximately 2 billion
pounds of recoverable copper and other by-products.  Annual production was
estimated at 56,000 tonnes of recoverable copper with an average cash cost
(including smelting, refining and by-product credits) of US$0.48/lb of copper.

The net proceeds of the placing, together with the net proceeds of US$10.5
million from a recent private placement, will be applied to additional infill
core drilling on the property and completion of a feasibility study within the
next 18 months. Upon completion of the feasibility study, and assuming
favourable economics, the Group plans to develop a potential 15 million tonnes
per annum open pit copper mine on the Hinoba-an property.  The development of
the Project will be dependent on obtaining future financing.

In addition, the Copper Resources Group owns 23 unpatented lode claims covering
approximately 186 hectares in the state of Colorado. The copper deposit on the
property has historically been mined as an underground operation. The Group
plans to undertake exploration and evaluation on these claims within the next
twelve months. The exploration and evaluation stage includes a drilling
programme that will be commenced post listing.


 21ST April 2005


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