Offer Lapsed

For immediate release

Stock Exchange Announcement

22 January 2008

                             COPPER RESOURCES CORP                             

                            ("the Company or CRC")                             

                                 Offer Lapsed                                  

Shareholders of CRC are referred to Metorex's announcement of 21 January 2008,
wherein Metorex announced that the offer to acquire the entire issued and to be
issued share capital of CRC (the "Offer") has lapsed. CRC Shareholders have
ceased to be bound by any acceptance of the Offer.

Enquiries:

  Copper Resources    Nabarro Wells &     Fox-Davies             GTH        
    Corporation         Co. Limited     Capital Limited                     
                                                           Communications   
                                                                            
     Jeff Carel          Hugh Oram       Richard Hail         Toby Hall     
                                                                            
      +27 (11)            +44 (0)           +44 (0)            +44 (0)      
                                                                            
      803 1073         20 7710 7400      20 7936 5200       20 7153 8035