Jeffrey Wolfe Carel

Copper Resources is the holding company of a group of mineral exploration and development companies which own three properties with total recoverable resources of 7.2 billion pounds of copper. The Company plans to enhance shareholder value with the development of these properties. The Group owns a 75% interest in Minière de Musoshi et Kinsenda (MMK), which holds three high-grade deposits in the Katanga Province of the Democratic Republic of the Congo. The Kinsenda and Musoshi deposits are both currently flooded and require dewatering prior to restarting operations and Lubembe is an exploration property with high potential. All three deposits have been previously drilled and are estimated to contain 5.3 billion pounds of copper. The Group also holds a 92.5% economic interest in the Hinoba-an Project, which is located on Negros Island in the Philippines. A significant amount of exploration and metallurgical test work has been undertaken on the Hinoba-an property and previous studies indicate that approximately 2 billion pounds of copper could be profitably mined by open pit.