PRIVATE PLACING - CLARIFICATION

For immediate release 16th November 2007

Stock Exchange Announcement

                         COPPER RESOURCES CORPORATION                          

                        PRIVATE PLACING - CLARIFICATION                        

Copper Resources Corporation (AIM: CRC) ("the Company") would like to clarify
that the placing of 45,000,000 new common shares, as announced on 15th
November, was approved by the independent directors of the Company on the basis
that the remaining directors representing the Forrest Group were conflicted. 
However, the Forrest Group directors have challenged the validity of the
placing; and as a result a full Board meeting has been convened to be held on
Monday 19th November to determine whether the placing was appropriately
approved and whether it should proceed.

 

The Company will make a further announcement on that date.

    Copper Resources     Nabarro Wells &   Fox-Davies           GTH        
      Corporation          Co. Limited   Capital Limited                   
                                                           Communications  
                                                                           
    Mitchell Alland         Hugh Oram     Richard Hail       Toby Hall     
                                                                           
Executive Vice Chairman                                                    
                                                                           
        +44 (0)              +44 (0)     [phone]      +44 (0)      
                                              5200                         
      78 7569 5563        20 7710 7400                      20 7153 8035