Hinoba-an (Philippines) drilling update

For immediate release: 31st October 2005

    DRILLING RESULTS FROM FIRST TWO HOLES OF HINOBA-AN (PHILIPPINES) INFILL    
                              DRILLING PROGRAMME                               

                     COPPER RESOURCES CORPORATION ("CRC")                      

Highlights

Assay results from the first two holes of the infill drilling programme on the
DJ Porphyry Copper Deposit show:

  * indications of mineralisation in the top 15 metres, a zone discounted in
    previous studies;
   
  * support for the conclusions of previous work below 15 metres; and
   
  * possible improvement in the previously interpreted grades in the vicinity
    of the new holes, based on preliminary analysis.
   
Drilling Results

Partial assay results have been received for holes CDD-001 and CDD-002, with
the results as follows. These holes were collared near the centre of the DJ
Porphyry Copper Deposit, and are part of a programme of 62 holes designed to
infill the 59,000 metres of earlier drilling.

Hole               Interval       Length (m)       Copper %    
                                                               
CDD-001(1)(2)      3m to 96m          93             0.50      
                                                               
   Including(3)   24m to 39m          15             0.86      
                                                               
   Including(3)   45m to 60m          15             0.65      
                                                               
CDD-002(2)(4)     6m to 141m          135            0.44      
                                                               
   Including(3)   57m to 96m          39             0.71      

(1) Results received to 96m

(2) Calculated using a 0.20% Cu cutoff

(3) Calculated using a 0.50% Cu cutoff

(4) Results received to 195m

Results for hole CDD-001 include the interval 0 to 96 metres out of a total
length of 250.9 metres, and for hole CDD-002 the interval is 0 to 195 metres
out of a total length of 217.9 metres. The balances of these holes are
currently being assayed.

The results from both holes support previous work, and a preliminary analysis
indicates that calculated grades may be improved in the vicinity of the holes.

Previous work on the deposit generally discounted the top 15 metres, as
assaying generally was not carried out in this zone. One of the aims of the
current work programme is to ascertain the potential of this zone; the latest
results indicate that mineralisation is present in the top 15 metres in both
holes.

Future Programme

The Bankable Feasibility Study ("BFS") sets out a programme of 62 holes to a
maximum depth of 300m. The BFS is on schedule to be completed by December 2006.

In so far as it relates to mineralisation within CRC's Hinoba-an deposit, this
press release is based on information compiled by Mr. Mark Gordon, 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.

For further information on this release and Copper Resources Corporation please
contact:

Copper Resources Corporation

Mitchell Alland,
Executive Vice Chairman
[phone]

Nabarro Wells & Co

Keith Smith or
John Robertson

[phone]

Westhouse Securities LLP

Cailey Barker

[phone]

Additional information is available from the Company's website 
www.copperresources.com or from Westhouse Securities LLP

AIM Code: CRC.LSE

Issued Capital: 27,876,601 shares

Cash Backing: £0.33/share