Campbell Resources

Symbols: CCH.H-X (NEX); CBLRF (OTC)

Campbell's main operations include the Copper Rand and Merrill mines, the Corner Bay project and the Copper Rand mill. The Company's headquarters are located in Montreal, Quebec.

President's Message

"With the Company's recent decisions to discontinue mining operations at Copper Rand and to suspend the bulk sample exploration program at Corner Bay because of extreme difficulties in securing financing in the current marketplace and the decline in copper prices, there is uncertainty about the Company's ability to successfully execute its operating plans.

We are still looking at various scenarios for the Company, but because these scenarios are largely dependent on items outside our control, there is no assurance that the Company will be able to continue to operate as a going concern."

André Fortier
President and Chief Executive Officer.

Recent Events

• On September 9, 2008, the Company announced that it will be discontinuing mining operations at its Copper Rand mine by December 31, 2008. Campbell has 100% ownership of the Copper Rand mine, an underground copper and gold mine located near the town of Chibougamau, Quebec.
• On October 15, 2008, the Company announced that it had suspended its bulk sample exploration program at the Corner Bay property. Despite the suspension of the bulk sample exploration program, the Company is moving ahead with an application for an environmental permit to allow for commercial mining of the deposit once extraction of the bulk sample is ultimately completed.
• Also on October 15, Campbell announced that James McCartney and James Raymond had resigned from the Board of Directors. André Fortier was named Chairman of the Board, replacing Mr. McCartney.
• Also on October 15, Campbell announced that James McCartney and James Raymond had resigned from the Board of Directors. André Fortier was named Chairman of the Board, replacing Mr. McCartney.
• On November 14, 2008 Campbell announced that Graham Clow, Warren Holmes and René Galipeau had resigned from the Board of Directors.
• Also on November 14, the Company announced that Campbell and Nuinsco jointly agreed to terminate their Operating Consulting Agreement, which was originally signed in 2006

January 28, 2009

Campbell Resources Obtains Creditor Protection under the Con~panies'Creditors Arrangement Act

Montreal, January 28, 2009 -Campbell Resources Inc. (the "Corporation") (NEX CCH, OTC Bulletin Board: CBLRF) announced today that the Superior Court of Quebec (Commercial Division) has granted an initial order to it under the Companies' Creditors Arrangement Act

(R.S.C. 1985, c. C-36) (the "CCAA"). The Corporation intends to avail itself of the provisions of the CCAA to prepare and present a plan of arrangement to its creditors. Under the terms of the order, Raymond Chabot Inc. will serve as the Court-appointed monitor under the CCAA process and will assist the Corporation in formulating its restructuring plan. No restructuring plan has yet been determined by the Corporation. The management intends to provide regular updates with respect to its restructuring plan.

On December 12, 2008, the Corporation announced the discontinuation of all mining operations at its Copper Rand mine. The decision to terminate operations at the Copper Rand mine was originally announced on September 9, 2008. Campbell also suspended its bulk sample exploration program at the Corner Bay property in October 2008 because of extreme difficulties in securing financing in the current marketplace and the decline in copper prices.

As a result of current economic circumstances, the Corporation's board of directors has determined that it is in the best interests of its shareholders, employees and creditors to seek protection pursuant to the CCAA.

The Corporation's board of directors is now composed of four members: MMssrs. Louis Archambault, Alain Blais, Andre Y. Fortier and Real Savoie.

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, assumptions and uncertainties, including those "Risk Factors" set forth in the Campbell's current Annual Report on Form 20-F for the year ended December 3 1,2007, which may cause actual future results to differ materially from those expressed or implied in any forward-looking statement. 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. The key assumptions underlying the forward looking statements contained in this release are that the gold and copper prices remain equal to or above the prices disclosed herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Forward-looking statements are expressly qualified in their entirety by this cautionary statement.

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For more information:

Campbell Resources Inc.

Andre Fortier

President and Chief Executive Officer

Tel.: 5 14-875-9033

e-mail: [email protected]