COPPER RESOURCES CORPORATION

3rd March 2008 For immediate release COPPER RESOURCES CORPORATION Copper Resources Corporation (AIM-London: CRC.L) ("CRC" or the "Company") announces that its 75% subsidiary company, Miniere De Musoshi & Kinsenda Sarl ("MMK"), has received a letter from the Minister of Mines of the Democratic Republic of the Congo ("DRC") notifying MMK of the results of the Review Commission's re-visitation of the MMK Mining Convention relating to the licences for the Kinsenda and Musoshi mines and the Lubembe property. The letter from the Minister proposes that discussions be held with the objective of clarifying and evaluating the respective contributions in the MMK joint venture ("the Joint Venture"), in which the Company holds 75%, Metorex Limited holds 5%, and Sodimico holds 20%. In this regard, an independent feasibility study had already been prepared to substantiate the equity split in this Joint Venture agreement. The Ministry have now requested to see the feasibility study as well as the background data regarding the contribution made at the time of the incorporation of MMK. The Government has also submitted that the potential exists for the return of the Musoshi mine to Sodimico. The letter also states that under a Ministerial decree issued in 2007, the Joint Venture should potentially have observed a stand-still on concluding any transactions. The Joint Venture was initially formed in 2005 between the Forrest Group and Sodimico and was formally approved by Presidential Decree, being signed by President Joseph Kabila. Under the terms of the agreement, Sodimico introduced the mining and exploration prospects to the Joint Venture whilst the Forrest Group undertook to provide financial support, including through financing the preliminary feasibility study. MMK has also been requested to submit to the Government the plan for all social programs that will have a visible impact. MMK/CRC has financed, developed and continues to maintain numerous social and infrastructure projects including, amongst others, medical clinics and equipment, schools and fresh water wells. In addition, MMK/CRC has rehabilitated the electrical infrastructure for the benefit of the local community and has employed approximately 1,000 former Sodimico employees (who had been unpaid for years), where only 500 employees were actually required for the continuing operations. The letter from the Minister requested that MMK respond to the Government's letter by 27th February 2008. However an extension to this deadline was subsequently granted to 5th March 2008. MMK intends to submit a response to the Minister shortly, and fully intends to hold discussions with the Ministry with the help of its partners, the Forrest Group and Sodimico. Enquiries: Copper Resources Nabarro Wells & Fox-Davies Capital GTH Corporation Co. Limited Limited Communications Jeff Carel Hugh Oram Richard Hail Toby Hall Company Secretary +27 +44 (0) +44 (0) +44 (0) 11 803 1073 20 7710 7400 207 936 5200 20 7153 8035
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