VanEck Vectors Global Alternative Energy ETF

Published : September 09th, 2008

Announces Closing of Copper Rand Mine

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Keywords :   Copper | Diamond | Gold | Gold Mine |

Campbell Resources Announces Closing Of Copper Rand Mine

Montreal, September 9, 2008 - Campbell Resources Inc. (the "Company") ("Campbell") (TSX: CCH, OTC Bulletin Board: CBLRF) today announced that it will be discontinuing mining operations at its Copper Rand mine by December 31, 2008. Campbell has 100% ownership of the Copper Rand mine, an underground copper and gold mine located near the town of Chibougamau, Qu�bec.

�For the past three years, Campbell has devoted a great deal of effort, expertise and financial resources into trying to make Copper Rand a profitable operation,� said Andr� Fortier, Campbell�s President and CEO. �Despite the considerable improvements achieved, the operation has continued to accumulate operating deficits quarter after quarter.  As a result, we have determined that the operation cannot meet the production levels required to ensure its economic viability.�

Effective immediately, all development work and Diamond drilling activities will cease at the Copper Rand mine. Mining activities will be concentrated in two areas that are already developed, one of which is of higher ore grade.  Overall, manpower resources will immediately be reduced by forty-five (45) from a total of 169 employees currently working at the Copper Rand Mine and Mill and further reductions will occur as working areas are closed.  By the end of the year, manpower at Campbell will total approximately 50 employees.

�The decision to close the Copper Rand mine is an extremely difficult one, but we are convinced that this is the only reasonable course of action at this time,� Mr. Fortier said. �We will now be dedicating our resources to the ongoing development of the higher-grade Corner Bay project and operations at the Copper Rand mill and to pursuing other opportunities in the Chibougamau camp.  Until now, this has basically been ignored as we focused on the Copper Rand mine.  Chibougamau is a very desirable mining camp with many opportunities available.�

About Campbell Resources
Campbell Resources Inc. concentrates on the development and exploitation of copper and gold mining properties in the Chibougamau region of Quebec. The geographical grouping of its operations allows Campbell to realize economies of scale and to focus development within access to existing infrastructures. Campbell's main operations include the Corner Bay property and the Copper Rand mill. Campbell's headquarters are located in Montreal, Quebec.

Certain information contained in this release may contain "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and is subject to certain risks, assumptions and uncertainties, including those "Risk Factors" set forth in the Campbell's current Annual Report on Form 20-F for the year ended December 31, 2007, which may cause actual future results to differ materially from those expressed or implied in any forward-looking statement. Such factors include, but are not limited to: differences between estimated and actual mineral reserves and resources; changes to exploration, development and mining plans due to prudent reaction of management to ongoing exploration results, engineering and financial concerns; and fluctuations in the gold and copper prices which affect the profitability and mineral reserves and resources of Campbell. The key assumptions underlying the forward-looking statement s contained in this release are that the gold and copper prices remain equal to or above the prices disclosed herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Forward-looking statements are expressly qualified in their entirety by this cautionary statement.


For more information:

Campbell Resources Inc.

Andr� Fortier,

President and Chief Executive Officer

Tel.: 514-875-9037

Fax: 514-875-9764

e-mail: afortier@campbellresources.com

 

Alain Blais

Vice-president

Tel: 418-748-7691

Fax: 418-748-7696

e-mail:  ablais@campbellresources.com

Renmark Financial Communications Inc.

Henri Perron : hperron@renmarkfinancial.com

Eric St-Pierre : estpierre@renmarkfinancial.com

Tel.: 514-939-3989

Fax: 514-939-3717

www.renmarkfinancial.com

VanEck Vectors Global Alternative Energy ETF

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Campbell Resources is a copper and gold development stage company based in Canada.

Campbell Resources holds various exploration projects in Canada.

Its main asset in production is COPPER RAND in Canada and its main asset in development is CORNER BAY in Canada.

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