Completion of Infill Drilling Programme at Hino...

Embargoed: 7am - 18th July 2006

                         COPPER RESOURCES CORPORATION                          

  COMPLETION OF INFILL DRILLING PROGRAMME POINTS TO COPPER GRADE INCREASE AND  
     SETS STAGE FOR BANKABLE FEASIBILITY STUDY AT HINOBA-AN PROJECT IN THE     
                                 PHILIPPPINES                                  

Copper Resources Corporation (AIM: CRC.L) ("CRC"), has completed an infill
drilling programme of 51 holes for 10,906 metres at its Hinoba-an property in
the Philippines. The results of the drill programme confirm the continuity and
limits of the resource while indicating an increase of up to 10 per cent of the
0.46% copper grade.

The completed programme covers the central 900-metre strike-length, containing
approximately 90 million tonnes of the previously defined resource in a 50x50
metre grid. In addition, the existence of primary mineralisation in the
previously discounted top 15 metres of the deposit has been confirmed
throughout the drilled area, increasing the contained metal of the resource.
This newly confirmed primary mineralisation is attractive as it can be
processed in the same way as the rest of the ore from the deposit.

Having finished the infill drilling program, CRC is now able to complete a
reinterpretation of the geology and a revised resource estimate, which will be
verified by an independent geological consultant. The new resource estimate is
expected in August.

In continuing the Bankable Feasibility Study (BFS), CRC has appointed the
following consultants:

  * Coffey Mining of Melbourne, Australia to undertake a 18-hole, 2,280 metre
    geotechnical drilling, which will be completed in July, and data analysis,
    domaining and pit-wall design;
   
  * Ray Cantrell, an independent metallurgical consultant, of Brisbane,
    Australia, to design a metallurgical test programme that is being carried
    out at the site;
   
  * Metcon of Sydney, Autralia and Orway Minerals Consultants of Perth,
    Australia, a subsidiary of Lycopodium Limited, to carry out flotation work
    and comminution test work, which will be used in the process definition and
    design; and
   
  * Resource Strategies Pty Limited, of Brisbane, Australia, an environmental
    consulting company with extensive experience in the Philippines, to prepare
    the Environmental Impact Statement and validate the Company's Environmental
    Management and Operating Plan, with the separate studies to be carried out
    as far as possible by Philippine environmental consultants.
   
Chris Jordinson, CEO of CRC stated:

"With the completion of infill drilling, CRC is now able to complete the BFS
before mid-2007."

This press release is based on information compiled by Mark Gordon, a full time
employee of CRC and a Member of the Australasian Institute of Mining and
Metallurgy, who qualifies as a Competent Person as defined in the 2004 edition
of 'The Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves'. Mr. Gordon has given consent to the inclusion in
this press release of matters based on this information in the form and context
in which they appear.

 Copper Resources   Nabarro Wells & Co.      Westhouse              GTH        
    Corporation                                                                
                                            Securities        Communications   
                                                                               
  Mitchell Alland     Jonathan Naess     Richard Morrison     Jade Mamarbachi  
                                                                               
  Executive Vice                                                               
     Chairman                                                                  
                                                                               
      +44 (0)             +44 (0)             +44(0)              +44 (0)      
                                                                               
   78 7569 5563        20 7710 7400        20 7601 6100        20 7153 8035    

Infill Drilling Programme

The following table lists the more significant intersections outlined
subsequent to the press release of February 7 2006.

Hole       From     To       Length   Copper   Cutoff  
                                                       
           (m)      (m)      (m)      (%)      (%)     
                                                       
CDD-015    6.00     27.00    21       0.48     0.2     
                                                       
CDD-015    39.00    135.00   96       0.36     0.2     
                                                       
Inc:       54.00    75.00    21       0.57     0.5     
                                                       
CDD-015    150.00   219.00   69       0.40     0.2     
                                                       
Inc:       177.00   204.00   27       0.54     0.5     
                                                       
CDD-023    0.00     177.00   177      0.50     0.2     
                                                       
Inc:       0.00     21.00    21       1.04     0.5     
                                                       
Inc:       39.00    78.00    39       0.52     0.5     
                                                       
Inc:       102.00   120.00   18       0.55     0.5     
                                                       
CDD-024    15.00    66.00    51       0.44     0.2     
                                                       
CDD-024    96.00    144.00   48       0.35     0.2     
                                                       
CDD-024    159.00   240.00   81       0.53     0.2     
                                                       
Inc:       183.00   231.00   48       0.68     0.5     
                                                       
CDD-026    3.00     18.00    15       0.60     0.2     
                                                       
CDD-026    27.00    84.00    57       0.53     0.2     
                                                       
Inc:       30.00    48.00    18       0.65     0.5     
                                                       
CDD-026    120.00   168.00   48       0.43     0.2     
                                                       
Inc:       138.00   153.00   15       0.68     0.5     
                                                       
CDD-027    0.00     105.00   105      0.47     0.2     
                                                       
Inc:       21.00    48.00    27       0.51     0.5     
                                                       
Inc:       81.00    96.00    15       0.80     0.5     
                                                       
CDD-029    3.00     141.00   138      0.54     0.2     
                                                       
Inc:       45.00    138.00   93       0.57     0.5     
                                                       
CDD-030    9.00     186.00   177      0.53     0.2     
                                                       
Inc:       12.00    39.00    27       0.65     0.5     
                                                       
Inc:       57.00    84.00    27       0.68     0.5     
                                                       
Inc:       93.00    123.00   30       0.60     0.5     
                                                       
Inc:       147.00   174.00   27       0.57     0.5     
                                                       
CDD-030    195.00   261.00   66       0.45     0.2     
                                                       
Inc:       198.00   216.00   18       0.59     0.5     
                                                       
CDD-032    129.00   204.00   75       0.48     0.2     
                                                       
Inc:       135.00   153.00   18       0.57     0.5     
                                                       
CDD-033    6.00     72.00    66       0.46     0.2     
                                                       
CDD-035    3.00     207.00   204      0.56     0.2     
                                                       
Inc:       3.00     27.00    24       0.79     0.5     
                                                       
Inc:       60.00    87.00    27       0.66     0.5     
                                                       
Inc:       96.00    120.00   24       0.76     0.5     
                                                       
CDD-039    12.00    51.00    39       0.76     0.2     
                                                       
Inc:       12.00    27.00    15       1.10     0.5     
                                                       
CDD-039    90.00    156.00   66       0.50     0.2     
                                                       
Inc:       126.00   147.00   21       0.76     0.5     
                                                       
CDD-040    3.00     36.00    33       1.00     0.2     
                                                       
Inc:       3.00     30.00    27       1.14     0.5     
                                                       
CDD-041    27.00    129.00   102      0.43     0.2     
                                                       
Inc:       45.00    60.00    15       0.55     0.5     
                                                       
CDD-042    3.00     30.00    27       0.56     0.2     
                                                       
Inc:       3.00     24.00    21       0.64     0.5     
                                                       
CDD-042    48.00    120.00   72       0.62     0.2     
                                                       
Inc:       48.00    114.00   66       0.64     0.5     
                                                       
CDD-043    3.00     45.00    42       0.44     0.2     
                                                       
Inc:       6.00     24.00    18       0.76     0.5     
                                                       
CDD-043    54.00    105.00   51       0.43     0.2     
                                                       
CDD-044    6.00     84.00    78       0.51     0.2     
                                                       
Inc:       30.00    81.00    51       0.60     0.5     
                                                       
CDD-044    96.00    228.00   132      0.43     0.2     
                                                       
Inc:       102.00   132.00   30       0.63     0.5     
                                                       
CDD-045    9.00     108.00   99       0.55     0.2     
                                                       
Inc:       9.00     81.00    72       0.59     0.5     
                                                       
CDD-046    9.00     141.00   132      0.53     0.2     
                                                       
Inc:       9.00     87.00    78       0.59     0.5     
                                                       
Inc:       126.00   141.00   15       0.62     0.5     
                                                       
CDD-047    6.00     27.00    21       0.48     0.2     
                                                       
CDD-047    60.00    117.00   57       0.44     0.2     
                                                       
CDD-051    12.00    90.00    78       0.48     0.2     
                                                       
Inc:       12.00    66.00    54       0.59     0.5     

All intersections calculation using a minimum 15 down-hole intersection, with a
maximum 9m internal dilution unless noted.