Issue of Options - Revision

Immediate Release                                               25 October 2006

                         COPPER RESOURCES CORPORATION                          

                            REGULATORY ANNOUNCEMENT                            

                               ISSUE OF OPTIONS                                

LONDON, United Kingdom - 25 October 2006.

Copper Resources Corporation (AIM: CRC.L) ("CRC", "the Company") announces that
it has revised on 25 October 2006 the options that were granted to directors
and management on 2 October 2006, which have been cancelled. Directors and
management will now receive 3,750,000 options to subscribe to common shares of
the Company at an exercise price of £1.00, with the options being exercisable
at any time up to and including 25 October 2011, as follows:

--500,000 to SE Jonah, Non-Executive Chairman

--750,000 to M Alland, Executive Vice Chairman

--500,000 to G Arthur Forrest, Non-Executive Vice Chairman

--725,000 to C Jordinson, Chief Executive Officer and Director

--500,000 to M Anastassiou, Director

--500,000 to G Andrew Forrest, Director

--150,000 to R Marshall, Director

--125,000 to M Gordon, Chief Geologist

25% of the options will be vested immediately, 15% upon completion of the
bankable feasibility study for the Hinoba-an Project in the Philippines, 40%
upon start of operations at the Kinsenda Project in the Democratic Republic of
Congo, and 20% upon reaching full capacity operation at Kinsenda.

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