FINANCING APPROVED FOR KINSENDA PROJECT IN DRC

21 Jul 2006 07:00

Immediate Release 21 July 2006 COPPER RESOURCES CORPORATION US$32 MILLION FINANCING APPROVED FOR KINSENDA PROJECT IN DRC LONDON, United Kingdom - 21 July 2006.Copper Resources Corporation (AIM: CRC.L) ("CRC"), is pleased to announce thatit has accepted the Offer of Finance extended by RMB Resources after the bank'sInvestment Committee approved a loan facility of US$32 million for MiniĬre deKinsenda et Musoshi sarl ("MMK"), its 75%-owned Congolese (DRC) subsidiary. Theproceeds of the loan to be provided by RMB Resources will be used to restartthe Kinsenda copper mine.Mitchell Alland, CRC Executive Vice Chairman stated: "With the approval of thefinancing by the RMB Resources Investment Committee and the ongoing dewateringof the mine and construction at the site, everything is falling into place forCRC to become a producer next year." Copper Resources Nabarro Wells & Co. Westhouse GTH Corporation Securities 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 ENDCOPPER RESOURCES CORPORATION