COPPERMOLY LIMITED — Capital/Financing Update 2008

Jan 24, 2008

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ADDRESS PHONE PO Box 7996 +61(07) 5592 2274 Gold Coast Mail Centre FAX Qld 9726 Australia +61 (07) 5592 2275 EMAIL ABN 54 126 490 855 info@coppermoly.com.au WEBSITE www.coppermoly.com.au

23 January 2008

OPTIONS ISSUED TO BROKERS

Reference is made to the Prospectus issued by Coppermoly Limited, dated 25 October 2007 ( Prospectus ).

In accordance with the disclosures made under the Prospectus, Coppermoly Limited confirms the issue of options to the following recipients:

Broker	Number of Options
Novus Capital Limited (or its nominees)	2,000,955 options
(Sponsoring Broker)
VSA Capital Limited (European Broker)	0 options

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Garry Edwards Company Secretary