Update on Kinsenda and Hinoba-an Projects

Immediate Release                 

                         COPPER RESOURCES CORPORATION                          

                 UPDATE ON KINSENDA RESTART PROJECT IN THE DRC                 

                   AND HINOBA-AN PROJECT IN THE PHILIPPINES                    

LONDON, United Kingdom - 15th June 2007.

Following the management changes announced on March 26, 2007, Copper Resources
Corporation ("CRC") (AIM: CRC) completed a review of its key assets to confirm
their ongoing attractiveness. While adjustments have been made to estimated
costs and timings, CRC believes that its projects remain very attractive and
continue to show compelling economics.

Kinsenda Restart Project

An independent bankable feasibility study ("BFS"), is being prepared by Mineral
Engineering Technical Services Pty Ltd (METS) of Perth (Australia) on the
Kinsenda Restart Project being undertaken by Minière de Musoshi et Kinsenda
SARL ("MMK"), CRC's 75% owned subsidiary in the Democratic Republic of Congo.
With high grade ore and low estimated operating costs, CRC believes that the
Kinsenda Restart Project has the potential to become a very competitive copper
mine.

The BFS estimates that the total financing required, including capital cost,
working capital and financial charges during construction, will be
approximately US$93 million and that operations will commence in mid-2008.
Previously, it was estimated that the total financing required would be US$58
million, and that the start of operations would occur in October 2007. Key
factors for these changes include the previous underestimation and exclusion of
some project cost elements and the general cost increases and time delays
currently experienced by mining projects as a result of shortages owing to the
current world-wide mining boom.

The project is expected to be funded with US$36.4 million from CRC, of which
US$10 million has been provided to MMK in April-May 2007, which will be
provided to MMK as a loan subordinated to project loans of approximately US$56
million. This means that CRC will have to seek further equity funding to
complete the project. RMB Resources previously approved a project loan in the
amount of US$32 million and has expressed interest in arranging and providing
an expanded facility of US$56 million.

The BFS also confirmed the highly profitable and attractive nature of the
project, as a result of the high grade of the ore (5.1%). The project economics
remain compelling with an IRR to CRC estimated at 52% and an NPV at 10%
estimated at US$124 million based on a long-term copper price of US$1.30 per
pound. The average total cash operating cost is estimated to be a very low 71
US cents per pound of copper ensuring the competitiveness of the mine. The BFS
shows that, at higher copper prices, the financial returns to CRC from the
project increase significantly:

Cu Price $/lb   IRR        NPV @ 10%     
                                         
$1.30                  52%            124
                                         
$1.50                  60%            166
                                         
$1.75                  75%            230
                                         
$2.00                  89%            296

Copper is currently trading at approximately US$3.30/lb

Significant progress has been made on dewatering of the mine which is currently
at 260 meters and is expected to reach 285 meters by the middle of July, which
will allow securing, cleaning and preparing the stopes for exploitation on that
level as well the installation of the necessary pump station to reach the 330
meter level, which will then allow the development of the mine to begin. The
MMK project team is commencing procurement of long-lead equipment and
completing formulation of the mining plan, design and schedule.

Hinoba-an Project

Due to changed circumstances, the joint venture agreement under the MOU with
Glencore and Nanjing Mining has not been progressed as planned.

CRC engaged IMC Mining Solutions Pty Ltd ("IMC") of Brisbane (Australia) in
March of this year to manage the completion of a BFS on the Hinoba-an Project
in the Philippines. In their initial review, IMC found that interim drilling
results from the DJ deposit on which CRC had aimed to base the project would
support an operation of less than 10 years at the proposed treatment rate of 15
million tonnes per year. Infill drilling at the A1 deposit at Hinoba-an is
recommended to bring it into the BFS programme in order to achieve a minimum
mine life of 15 years. IMC also recommended additional infill drilling on the
south side of the DJ deposit, as well as additional drilling to identify the
potential of supergene enriched copper ore.

IMC indicated that there exists the potential through pit optimisation studies
for mining higher grade ore with a lower strip ratio in the earlier years of
the mine. Based on earlier mining feasibility studies conducted by studies
conducted in 1998 by the previous owner of the project, International Pursuit
Inc. of Canada, it is expected that a head grade of 0.49% copper in years 1-5
can be achieved, which would be extremely beneficial to the return on the
project.

In the light of these findings, IMC concluded that the best way to proceed
would be to complete a new scoping study, which would determine the scope of
the infill drilling programmes and help formulate the content of the BFS, in
order to optimise project parameters, such as mining and milling throughput
rates to maximise project return. The scoping study is expected to require
approximately four months to complete and the BFS an additional 18 months,
including the new infill drilling.

Glencore and Nanjing Mining remain interested in the project, and are
continuing discussions with CRC regarding the potential development of
Hinoba-an.

                                  --- ENDS---                                  

Notes to Editors:

The remaining 25% of MMK not owned by CRC is held 20% by SODIMICO, a state
company, and 5% by the Forrest Group, the largest private business in Katanga
and one of the largest in the DRC, with diversified operations in mining,
engineering, construction, and cement. Operating successfully in the DRC since
1922, the Forrest Group has extensive operational and management experience in
the country that will support and facilitate CRC's effort in developing the
properties.

   Copper Resources    Nabarro Wells &     Fox-Davies             GTH          
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