CCH: Joe-Mann Mine-Exploration And Development Underway.

Business Editors

MONTREAL--(BUSINESS WIRE)--Nov. 5, 2001

Campbell Resources Inc. (NYSE:CCH) (TSE:CCH.) is pleased to announce the beginning of exploration and development activities at the Joe Mann Mine, located 60 kilometers from Chibougamau, Quebec.

This exploration and development work will allow for the resumption of mining operations in the first quarter of 2002 with a daily production rate of 1,040 tons on a five-day per week basis. Yearly production will reach 260,000 tons yielding 65,000 ounces of gold, 22,000 ounces of silver and 1,230,000 pounds of copper. The gradual recall of some 150 employees, required for the mining and treatment plant operations, began on October 22nd.

Since suspending operations last November, studies on mining and geological reserves and resources were completed. As well, a new mining plan was established in light of certain assumptions. In this new plan, a combination of long hole drillings and shrinkage will be applied thus substantially reducing operating costs from those realized in the final months of operation in 2000. Agreements were reached with the various unions representing the mine and treatment plant workers on a number of concessions the Company deemed necessary to the resumption of operations.

Mining reserves and geological resources used in elaborating the mining plan were : 630,000 tons grading an average of 0.287 opt Au and 0.25% Cu to be mined over a 33-month period (these mining reserves and geological resources were included in the mineral reserves and resources previously disclosed in March 28, 2001 Press Release and Joint Management Information Circular of May 10, 2001). Moreover, a $5,000,000 exploration program should provide additional tonnage thus ensuring a longer production period for the Joe-Mann Mine.

Ongoing discussions on financing of exploration and development work are sufficiently advanced for the Company to initiate these activities at this time.

Campbell Resources is a mining company focusing mainly in the Chibougamau region of Quebec, holding interests in gold and gold-copper mining properties.

Forward-Looking Statements 

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 10-K for the year ended December 31, 2000. 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 statements to reflect events or circumstances after the date hereof or to reflect unanticipated events or developments.