Issue of Options

25 Oct 2006 10:31

Immediate Release 25 October 2006 COPPER RESOURCES CORPORATION REGULATORY ANNOUNCEMENT ISSUE OF OPTIONS LONDON, United Kingdom - 25 October 2006.Copper Resources Corporation (AIM: CRC.L) ("CRC", "the Company") announces thatit has revised on 25 October 2006 the options that were granted to directorsand management on 2 October 2006, which have been cancelled. Directors andmanagement will now receive 3,750,000 options to subscribe to common shares ofthe Company at an exercise price of ‚£1.00, with the options being exercisableat any time up to and including 25 October 2011, as follows:--500,000 to SE Jonah, Non-Executive Chairman--750,000 to M Alland, Executive Vice Chairman--500,000 to G Arthur Forrest, Non-Executive Vice Chairman--725,000 to C Jordinson, Chief Executive Officer and Director--500,000 to M Anastassiou, Director--500,000 to G Andrew Forrest, Director--150,000 to R Marshall, Director--125,000 to M Gordon, Chief Geologist25% of the options will be vested immediately, 15% upon completion of thebankable feasibility study for the Hinoba-an Project in the Philippines, 40%upon start of operations at the Kinsenda Project in the Democratic Republic ofCongo, and 20% upon reaching full capacity operation at Kinsenda. Copper Resources Nabarro Wells & Hanson GTH Corporation Co. Westhouse 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