Friday, 18 August 2006: Copper Range announces Proposed Options Issue

All shareholders (except for Directors of the Company and their associates in respect of some of their shareholdings – see below) on the register on the Record Date (Thursday, 7 September 2006) will be eligible to participate in a nonrenounceable issue of Options on the basis of: One (1) Option for each One (1) share held.

The Options will be issued at a price of One (1) cent each and will be exercisable at Twenty (20) cents each by 6 September 2007.

Any person who wants to acquire the Options will need to complete the Entitlement and Application Form that will be in or will accompany the prospectus.

A copy of the prospectus for the offer will be obtainable in hard copy from the Company by calling (02) 8223 3788 or an electronic copy may be viewed online at

www.copperrange.com.au following lodgement at the Australian Securities & Investments Commission on or about 31 August 2006.

Click here to view ASX Announcement.