CAMPBELL RESOURCES ANNOUNCES THE CLOSING OF A $528,000 FLOW-THROUGH FINANCING

Montr�al, December 21, 2007 - Campbell Resources Inc. (TSX: CCH, OTC Bulletin Board: CBLRF) ("Campbell") is pleased to announce that it has completed a non-brokered flow-through private placement (the "Private Placement") of 3,300,000 flow-through common shares priced at $0.16 per flow-through common share, for total proceeds of $528,000.

All securities issued pursuant to the Private Placement are subject to a four month hold period. The Private Placement is subject to the final approval by the Toronto Stock Exchange.

The proceeds of the private placement will be used to fund further development of Campbell's operations in Chibougamau (Qu�bec).

Campbell is a mining company focusing mainly in the Chibougamau region of Qu�bec, holding interests in gold and gold-copper exploration and mining properties.

Certain information contained in this release contains "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and is subject to certain risks 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, 2006. 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 price which affect the profitability and mineral reserves and resources of Campbell. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Campbell undertakes no obligation to release publicly any revisions to these forward-looking statem ents to reflect events or circumstances after the date hereof or to reflect unanticipated events or developments.

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