Central Afr. Min&Exp: Increased Interest in CRC | Company Announcements

Thursday 01 May, 2008

Central Afr. Min&Exp

Increased Interest in CRC

Central African Mining&Exploration
01 May 2008


                Central African Mining & Exploration Company Plc
             Index: AIM / Epic: CFM / Sector: Mining & Exploration

1 May 2008

                Central African Mining & Exploration Company Plc

                           ('CAMEC' or 'the Company')

        Acquisition of Further Interest in Copper Resources Corporation

CAMEC, the fully integrated exploration, mining and production company with
considerable copper and cobalt operations in the Democratic Republic of the
Congo, announces an increase in its shareholding in Copper Resources Corporation
('CRC'), the AIM listed company.

CAMEC yesterday entered into an agreement to acquire a further 22,320,333 shares
in CRC (the 'CRC Shares'). The CRC Shares will be acquired at the price of 200
pence per share, the consideration for which will be satisfied by the allotment
of 75,984,114 new ordinary shares of 0.1p each in the Company ('New Ordinary
Shares') (at an effective issue price of 47p per New Ordinary Share) and the
payment of cash consideration of £8,928,132. Completion of the purchase of the
CRC Shares is subject to the Admission of the New Ordinary Shares to trading on
AIM.

Following the announcement made by CAMEC on 21 April that it had acquired a
significant strategic interest amounting to 21.13% of CRC's issued share
capital, the signing of the agreement to acquire the CRC Shares and the
on-market purchase of a further 52,500 shares in CRC, mean that CAMEC's interest
in the issued share capital of CRC has increased to 40,525,333 shares, which
based on the latest information published by CRC, represents 47.2% of the issued
share capital of CRC.

Application will be made for the Admission of the New Ordinary Shares to trading
on AIM  in due course.


                                  ** E N D S**

For further information please visit www.camec-plc.com or contact:

Phil Edmonds            CAMEC                                Tel: 0845 108 6060
Andrew Groves           CAMEC                                Tel: 0845 108 6060
Jonathan Wright         Seymour Pierce Ltd                   Tel: 020 7107 8000
Ben Brewerton           Financial Dynamics                   Tel: 020 7831 3113




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