Campbell Resources Announces Closing Of Equity Financing For Corner Bay Project

    MONTREAL, April 23 /CNW Telbec/ - Campbell Resources Inc. (the
"Corporation") (TSX: CCH, OTC Bulletin Board:   CBLRF) announces the closing of
a brokered private placement of 56,000,000 flow-through common shares for
proceeds of $7,000,000 with a syndicate of agents lead by Cormark Securities
Inc. and including Dundee Securities Corporation and Octagon Capital
Corporation (collectively, the "Agents").
    As consideration for acting as Agents, the Corporation has paid a cash
commission of $420,000. In addition, the Agents received 3,360,000 broker
warrants. Each broker warrant entitles its holder thereof to purchase one
common share in the capital of the Corporation at a price of $0.13 for a
period of 18 months from the closing date of the private placement.
    The proceeds of the brokered private placement will be used for continued
exploration on the Corporation's Corner Bay project. Work on the 725 metre
ramp will begin before the end of the month of April and it is expected that
the mineralized zone will be reached at the beginning of the fourth quarter.
    The Corner Bay project is located some 45 kilometers from Campbell's
Copper Rand mill. Measured and indicated resources stand at 446,000 tonnes
averaging 5.58% Cu. Inferred resources total 1,441,000 tonnes averaging 6.76%
Cu (Ref.: GEOSTAT Technical Report, July 2006, available on SEDAR at Following the extraction of the 42,000 tonnes bulk sample, the
Corporation plans to mine some 500,000 tonnes of ore grading 4.5% Cu over the
next 4 years. Exploration at depth will also be carried out to confirm and add
to the resources already identified.

    Campbell is a mining company focusing mainly in the Chibougamau region of
Québec, holding interests in gold and gold-copper exploration and mining

    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,; Renmark Financial Communications Inc.: Henri
Perron:; Michael Shore:, (514) 939-3989, Fax: (514) 939-3717,

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