Campbell Resources Announces Completion of Corporate Reorganization for MSV Resources and Sale of the Chevrier Property



    MONTREAL, Nov. 12 /CNW Telbec/ - Campbell Resources Inc. (the
"Corporation") ("Campbell") (TSX: CCH, OTC Bulletin Board:   CBLRF) hereby
announces that a corporate reorganization contemplated under the plan of
arrangement of MSV Resources Inc. ("MSV"), approved by its creditors and
sanctioned by the Quebec Superior Court in June 2006 (the "Plan of
Arrangement"), involving MSV, 1329498 Alberta Ltd. and other affiliates of the
Corporation shall be completed in the coming days.
    As part of this reorganization, a private capital firm will invest
CDN$2.050 million in one of the Corporations subsidiaries by way of a
convertible debenture. The net proceeds from that investment will be used to
pay debts owed to the Corporation by this subsidiary and be ultimately
transferred to MSV's Monitor in accordance with the Plan of Arrangement.
    With this agreement, MSV will be able to fulfill its obligations under
the Plan of Arrangement. Meston Resources should complete its obligations
under its plan of arrangement before the end of the first quarter 2008.

    
                    -------------------------------------

    Campbell Resources Inc. announces that its wholly owned subsidiary GéoNova
Explorations Inc., (" GéoNova") has entered into an Agreement with Tawsho
Mining Inc. ("Tawsho") for the sale of all of GéoNova's rights and interests
in the Chevrier property.

    The Chevrier property is located some 35 km south of Chibougamau, Québec.

    Terms of the sale are as follows:

    - Tawsho shall pay GéoNova the sum of $ 1,500,000:

        - $750,000 upon execution of the agreement, and
        - $750,000  twelve months later;

    - Default by Tawsho to make the second payment on due time will allow
      GéoNova to demand the resolution of the sale without reimbursement of
      the first payment or indemnity for work programs or other improvements
      to the Chevier property;
    - Tawsho shall not encumber the Chervrier property until full payment has
      been received.
    

    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, 2006. 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:

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; Julien Ouimet: jouimet@
renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com

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CAMPBELL RESOURCES INC.

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