Independent Research Report

Copper Resources Corporation
04 May 2005

Wednesday, 4 May 2005

                          COPPER RESOURCES CORPORATION
                            ('CRC' or 'the Company')
      INDEPENDENT RESEARCH REPORT BY M. HORN & CO and ODL SECURITIES LTD.

A comprehensive research report prepared by M. Horn & Co. and ODL Securities
Ltd. on Copper Resources Corporation (AIM: 'CRC') is now available on the
Company's website - www.copperresources.com

Funds raised by CRC from its recently completed IPO on the London AIM Exchange
will be used to complete a detailed Bankable Feasibility Study on its Hinoba
Copper Project in the Philippines over the next 12-18 months at an expected cost
of £3.1 million. With its cash position of approximately £9.2 million (i.e.
£0.33/share), CRC is well-positioned to add to its existing portfolio of copper
projects through future acquisitions.


For further information please contact:


      Copper Resources         Nabarro Wells & Co.             ODL Securities
 Mitchell Alland, Chairman        John Robertson               Tony Clements
    [phone]        [phone]          [phone]


Copies of the M. Horn & Co. Research Report and AIM admission document are
available from the Company's website, www.copperresources.com, or from ODL
Securities Ltd.


                   Background Information on Copper Resources

Copper Resources is the ultimate holding company of a group of mineral
exploration, development and operating companies. The Group effectively has a
92.5 per cent economic interest in the Hinoba-an Porphyry Copper Project (the 
'Project'), subject to a 3 per cent net benefits royalty payable to the original
claimowner. The Project is located on the island of Negros in the Republic of
the Philippines, approximately 700 km south of Manila.

The Group's interest in the Project is held under an Integrated Mining and
Operating Agreement with Colet Mining and Development Corporation, which holds
mining leases over 90 hectares and approximately 2,900 hectares of mineral
claims (collectively, the 'Colet Claims'). The Colet Claims cover two known
porphyry copper deposits, the Don Jose deposit and the A1 deposit, which
comprise the Hinoba-an property.

Over the years, a significant amount of exploration and metallurgical testwork
has been performed on the Hinoba-an property with its previous owners having
spent approximately C$14.7 million. The Hinoba-an property has been subject to
approximately 48,000 metres of diamond drilling and 11,000 metres of reverse
circulation drilling.  Pre-feasibility studies indicate that the two deposits
are well drilled and that all due attention has been paid to core handling,
sampling and assaying.

A scoping study undertaken in 1998 envisioned a 15 year mine life for the Colet
Claims based on a geological resource of 254 million tonnes at 0.46 per cent
copper at a 0.30 per cent copper cut-off. The study showed that the deposits
could be profitably mined by open pit method with the ore processed in a
conventional flotation milling operation to produce approximately 2 billion
pounds of recoverable copper and other by-products.  Annual production was
estimated at 56,000 tonnes of recoverable copper with an average cash cost
(including smelting, refining and by-product credits) of US$0.48/lb of copper.

The Company will complete additional infill core drilling on the property and a
feasibility study within the next 18 months. Upon completion of the feasibility
study, and assuming favourable economics, the Group plans to develop a potential
15 million tonnes per annum open pit copper mine on the Hinoba-an property.  The
development of the Project will be dependent on obtaining future financing.

In addition, the Copper Resources Group owns 23 unpatented lode claims covering
approximately 186 hectares in the state of Colorado. The copper deposit on the
property has historically been mined as an underground operation. The Group
plans to undertake exploration and evaluation on these claims within the next
twelve months. The exploration and evaluation stage includes a drilling
programme that will be commenced in early 2006.

4 May 2005


                      This information is provided by RNS
            The company news service from the London Stock Exchange                DGKZM