Copper Range Limited

Thursday, 31 July 2008: Quarterly Activities Report

HIGHLIGHTS

Olympic Domain

· Two new IOCG targets have been identified at Roxby Downs North

and White Cliff.

Adelaide Fold Belt

· Positive soil sampling results at the Hawk prospect confirmed the

presence of gold and identified two zones of anomalism each

extending over a distance of 400m.

· Chalcopyrite and bornite (copper minerals) identified at Wyacca

and Holowilena South, supporting the Company’s view that the

region is prospective for Central African copper-belt style

deposits.

Corporate

· The Company reviewed the potential for the Mt Grainger gold

mines to deliver an early cash flow. Following the end of the

quarter a 12 month option was acquired to purchase the Mt

Grainger gold mines.

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