Wednesday, 07 June 2006: Copper Range Limited to list today as CRJ

Copper Range closed its float early, being heavily oversubscribed. The issue raised A$3 million as 15,000,000 shares at 20 cents. The proceeds will be used to continue the exploration of its three main projects, all in South Australia:

• The Olympic province of the Stuart Shelf – detailed ground gravity surveys, soon to start, are designed to identify priority drilling targets.
• The Hawker region of the central Flinders Ranges – initial reconnaissance has revealed the potential for copper, gold and possibly uranium.  The copper is manifest in several mineralisation  styles.  Oxide copper is widespread, with concentrations at Wirrawilka, Wyacca and Holowilena South.  Zambian-type copper targets have been identified at Three Creeks and Siccus Creek.  Initial work is designed to provide targets for drilling scheduled to commence in July.
• The historic copper centres of Burra and Kapunda – initial exploration has commenced on historic workings which show extensive copper mineralisation.  At Princess Royal detailed geophysical surveys are planned ahead of drilling.

A total of A$1.1 million is the exploration expenditure planned on these projects in the first Year.  That sum excludes the South Australian government’s PACE funding for two approved drilling programmes.

Copper Range has 39.5 million shares outstanding in the hands of 646 shareholders. 17,184,547 ordinary shares are granted official quotation, with the remainder escrowed for periods of 10 months to 2 years.  International Base Metals Limited, the Australian public unlisted former parent, retains just over 10%.

Copper Range values the loyalty of shareholders.  As outlined in their Prospectus, the Company has a loyalty option planned for the fifth month after listing for all shareholders in recognition of that loyalty. Full details will be announced closer to the time.

For an interview Stephen Blackman (Commercial), phone: 0414 991 066 or Dr. Ken Maiden (Technical), phone: 0412 828 274

For further information and photos: Jane (8228 3777)

A copy of the Copper Range prospectus can be found at www.copperrange.com.au.