Nord Resources Corporation Announces Harvest of First Copper Cathodes at the Johnson Camp Mine

    TUCSON, AZ, Jan. 31 /CNW/ - Nord Resources Corporation ("Nord" or the
"Company") (TSX:NRD / OTC: NRDS) is pleased to announce the first copper
cathodes have been harvested at the Johnson Camp Mine. The commencement of
copper cathode production from residual leaching operations completes a major
milestone towards the restart of full production at the Johnson Camp Mine. The
restart plan forecasts estimated production of 25 million pounds of copper
cathodes per annum at full production.
    "This is an exciting day for Nord as we move to producer status and
achieve a major milestone towards the restart of full production at Johnson
Camp," said John Perry, President and CEO.
    The Company has also entered into a long term cathode sales agreement
effective February 1, 2008, with Red Kite Master Fund Limited for 100% of the
cathode production from the Johnson Camp Mine. Pursuant to the agreement, Red
Kite will accept delivery of the cathodes at the Johnson Camp Mine, and
pricing will be based on the COMEX price for high-grade copper. Red Kite is a
large metals hedge fund and physical trader.
    The Johnson Camp Mine utilizes the leaching, solvent
extraction-electrowinning process to produce copper cathodes. This process
requires the use of sulfuric acid, the market for which has seen significant
shortages and price increases during the past several months. A contributing
factor to this shortage is the on-going labor strike at a regional producer of
sulfuric acid. The Company has secured sulfuric acid supply through the end of
2009 and, therefore, does not anticipate any sulfuric acid supply
interruptions. However, the Company remains subject to market fluctuations in
the price of sulfuric acid. According to published industry information, the
price of sulfuric acid US Gulf ex-terminal increased from $100 per ton to $200
per ton between December 2007 and January 2008. At the planned full production
rate of cathode, each $50 per ton increase in sulfuric acid prices is
anticipated to result in an increase in the projected cost of cathode of
approximately $0.07 per pound over the production cost estimates used to
prepare the feasibility study forming part of Bikerman Engineering &
Technology Associates, Inc.'s technical report on the Johnson Camp Mine dated
September 2007.

    About Nord Resources

    Nord Resources Corporation is in the business of exploring for,
developing and operating mineral properties. The Company's primary asset is
the Johnson Camp Mine located approximately 65 miles east of Tucson, Arizona.
The reactivation of the Johnson Camp Mine commenced in June 2007. Residual
leaching operations commenced in November 2007. Cathode production from
residual leaching commenced in late January 2008 and planned copper production
from new ore placed on the heaps is scheduled to commence in the third quarter
of 2008.

    Neither the TSX nor any regulatory authority accepts responsibility for
    the adequacy or accuracy of this release.

    Forward-Looking Statement Disclaimer

    This press release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address future financing, development,
copper processing and mining activities of Nord are forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include, but are not limited to, the
market price of copper, general economic, market and business conditions,
statements or information with respect to known or unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company, or industry results, to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements or information.
Forward-looking statements or information are subject to a variety of risks
and uncertainties which could cause actual events or results to differ from
those reflected in the forward-looking statements or information, including,
without limitation, risks and uncertainties relating to the Company's plans at
its Johnson Camp Mine Property and other mineral properties, the
interpretation of drill results and the estimation of mineral resources and
reserves, the geology, grade and continuity of mineral deposits, the
possibility that future exploration, development or mining results will not be
consistent with the Company's expectations, metal recoveries, accidents,
equipment breakdowns, title matters, labor disputes or other unanticipated
difficulties with or interruptions in production and operations, the potential
for delays in exploration or development activities or the completion of
feasibility studies, the inherent uncertainty of production and cost estimates
and the potential for unexpected costs and expenses, commodity price
fluctuations, currency fluctuations, failure to obtain adequate financing on a
timely basis, the effect of hedging activities, including margin limits and
margin calls, regulatory restrictions, including environmental regulatory
restrictions and liability, the speculative nature of mineral exploration,
dilution, competition, loss of key employees.
    Investors are cautioned that any such statements are not guarantees of
future performance and that actual results or developments may differ
materially from those projected in the forward-looking statements. In
addition, Nord's business and operations are subject to the risks set forth in
Nord's most recent Form 10-KSB, Form 10-QSB and other SEC filings which are
available through EDGAR at, and in Nord's prospectus and other
filings with the British Columbia and Ontario Securities Commissions which are
available through SEDAR at These are among the primary risks we
foresee at the present time. Nord assumes no obligation to update the
forward-looking statements.

For further information:

For further information: Nord Resources Corporation, John Perry, (520)

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