Nord Resources Amends Credit Agreement



    TUCSON, AZ, July 7 /CNW/ - Nord Resources Corporation (TSX: NRD / OTC:
NRDS), which is reactivating copper mining at the Johnson Camp Mine in
Arizona, today announced that it has agreed with Nedbank Limited on amending
its credit agreement originally entered into on June 17, 2007.
    The amended credit agreement continues to provide Nord Resources
Corporation with a US$25 million secured term-loan credit facility to help
facilitate the construction, start-up, and operation of Nord's Johnson Camp
Mine, as well as a series of term loans to be funded from time to time by a
syndicate of lenders in response to draw-down requests by Nord, with the
aggregate amount of all term loans being US$25 million.
    The amendment to the credit agreement extends the end of the period
during which the term loans will be available from June 30, 2008 to
December 31, 2008, and the due date of the first payment has been changed from
December 31, 2008 to March 31, 2009. In addition, the loan repayments must now
be made in 15 equal quarterly installments rather in 16 equal quarterly
installments. Further, the amendment extends the completion period for the
work necessary to bring the Johnson Camp Mine into full operation from July
2009 to October 2009.

    About Nord Resources

    Nord Resources Corporation explores, develops, and operates mineral
properties. The company's primary asset is the Johnson Camp Mine, located
approximately 65 miles east of Tucson, Arizona, which it is reactivating to
produce copper. The company commenced commercial copper production from
residual leaching of the existing ore heaps on February 1, 2008 and expects to
reach full copper production at a rate of approximately 25 million pounds per
annum in early spring 2009. For further information, please visit our website
at www.nordresources.com.





For further information:

For further information: John Perry, President and Chief Executive
Officer, Nord Resources Corporation, (520) 292-0266, www.nordresources.com;
Investor and Media Relations, Richard Wertheim, Wertheim + Company Inc., (416)
594-1600 or (416) 518-8479 (cell) or by email at wertheim@wertheim.ca

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Nord Resources Corporation

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