Campbell Resources announces a $2.5 million financing

    MONTREAL, May 16 /CNW Telbec/ - Campbell Resources Inc. (TSX: CCH, OTC
Bulletin Board: CBLRF) ("Campbell") is pleased to announce that it intends to
complete a non-brokered private placement (the "Private Placement") of up to
20,833,334 flow-through common shares priced at $0.12 per flow-through common
share, for total proceeds of up to $2,500,000. Campbell intends to pay a cash
commission of 6% of the total proceeds of the Private Placement.
    The closing of the private placement is scheduled for May 22, 2008 or
such other time as Campbell may determine, but no later than June 12, 2008.
All securities issued pursuant to the Private Placement will be subject to a
four month hold period. The Private Placement is subject to approval by the
Toronto Stock Exchange.
    Campbell intends to continue its exploration program on the Corner Bay
property and other properties it owns in the Chibougamau area.
    Campbell is a mining company focusing mainly in the Chibougamau region of
Québec, holding interests in gold and gold-copper exploration and mining
properties.

    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 20-F
for the year ended December 31, 2007. 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.
    %SEDAR: 00001579EF

For further information: Campbell Resources Inc.: André Fortier,
President and Chief Executive Officer, (514) 875-9037,  Fax: (514) 875-9764,
afortier@campbellresources.com; Renmark Financial Communications Inc.: Henri 
Perron, hperron@renmarkfinancial.com, (514) 939-3989,  Fax: (514) 939- 3717;
www.renmarkfinancial.com