Campbell Resources Approves New Mine Plan for Joe Mann Production to Average 90,000 Ounces Annually at an Average Total Cash Operating Cost of US$220 per Ounce.

TORONTO--(BUSINESS WIRE)--Nov. 16, 1999--

(TSE:CCH.) (NYSE:CCH)

Campbell Resources Inc. reports that at a meeting held on November 16, 1999, the Board of Directors has approved a revised mining plan for its Joe Mann Mine, near Chibougamau, Quebec. The plan incorporates the adoption of cut-and-fill mining methods and projects annual gold production of approximately 90,000 ounces at a total cash operating costs of US$220, after by-product credits of US$12 per ounce. Capital and development costs are expected to average a further US$15 per ounce. During the previous three year period total cash operating costs at the Joe Mann Mine averaged US$270 per ounce.

Mining operations under the previous mining method are expected to be completed in late November, 1999. Development in preparation for cut-and-fill mining will begin immediately with gold production expected to commence towards the end of the first half of the Year 2000. Exploration programs will be undertaken in other highly prospective areas of the mine in order to define additional mineable reserves.

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 Company's current Annual Report on Form 10-K for the year ended December 31, 1998. Such factors include, but are not limited to: differences between estimated and actual ore reserves; 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 ore reserves of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. The Company 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.

Campbell Resources Inc. is a growth-oriented gold mining company with operations in Quebec, Canada and Sonora, Mexico, and a development-stage gold project in Panama awaiting higher gold prices in order to continue development. The Company is currently exploring on its mine properties in Quebec and Mexico and is actively seeking additional acquisitions.