MONTREAL, May 28 /PRNewswire-FirstCall/ - Campbell Resources Inc. (TSX:
CCH, OTC Bulletin Board: CBLRF) ("Campbell") announces that the Quebec
Superior Court has granted Meston Resources Inc.'s ("Meston") request for an
additional extension to September 30, 2008 of the initial order granted June
30, 2005 under the Companies' Creditors Arrangement Act ("CCAA") to allow
Meston to fulfil its obligations under its Plan of Arrangement.
During this extension period, Meston will work with the Monitor in doing
an inventory of all of its assets and will initiate a process of solicitation
of interest in those assets, which primarily consist of the Joe Mann mine.
Campbell Resources concentrates on the development and exploitation of
copper and gold mining properties in the Chibougamau region of Quebec. The
geographical grouping of its operations allows the Company to realize
economies of scale and to focus development within access to existing
infrastructures. Campbell's main operations include the Copper Rand and
Merrill mines, the Corner Bay project and the Copper Rand mill. The Company's
headquarters are located in Montreal, Quebec.
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.
SOURCE CAMPBELL RESOURCES INC.