FOR:  AFRICAN COPPER PLC

TSX, AIM SYMBOL:  ACU

May 23, 2007

African Copper Protects Against Decline in Copper Price

-Puts in place for 5,850 tonnes of copper at minimum strike price of US$3/lb

LONDON, UNITED KINGDOM--(CCNMatthews - May 23, 2007) - African Copper
("African Copper" or the "Company") (TSX:ACU)(AIM:ACU)(BSE:AFRICAN
COPPER) announces the purchase of copper put options giving the Company the right, but not the obligation, to
sell up to 5,850 tonnes of copper at a strike price of US$3.00/lb divided evenly over the period April 2008 to
December 2008. These contracts are intended to provide protection against the possibility of declining copper
prices over the critical planned start-up period of the Dukwe Mining Project during 2008. These contracts do
not cap the price at which the Company can sell its copper production and there are no margin calls associated
with this position.

African Copper, PLC

African Copper is a tri-listed (AIM, TSX, Botswana Stock Exchange) international exploration and development
company. African Copper is developing its first copper mine at the Dukwe Mining Project scheduled to commence
production in the first quarter of 2008. The flotation concentrator at Dukwe has been designed for a 3,000
tonne-per-day throughput producing approximately 44 million pounds of copper in concentrate annually at full
production. Initial production is expected to be from open pit, followed by underground mining of sulphides.

The Company's other interests are the Matsitama Exploration Project concessions adjacent to the Dukwe Mining
Project, which contains ten high priority drill-ready targets and 35 lower priority targets. For more
information on African Copper, please visit www.africancopper.com or email info@africancoppper.com.

This press release contains or refers to forward-looking information, including statements related to future
production, exploration and mine development plans, timing of the development of the Company's projects in
Botswana, exploration results, metallurgical test results, and other statements which are not historical facts.
When used in this press release, words such as "schedule", "could", "plan", "estimate", "expect", "believe",
"intend", "may" and similar expressions are forward-looking statements. Although the Company believes that its
expectations reflected in these forward-looking statements are reasonable, such statements involve risks and
uncertainties and no assurance can be given that actual results will be consistent with these forward-looking
statements. Important factors that could cause actual results to differ from these forward-looking statements
include risks related to failure to convert estimated mineral resources to reserves, the grade and recovery of
ore which is mined varying from estimates, future prices of copper, capital and operating costs varying
significantly from estimates, uncertainties relating to the availability and costs of financing needed in the
future, changes in equity markets, inflation, changes in exchange rates, delays in the development of projects,
conclusions of economic evaluations, political risks arising from operating in Africa, changes in project
parameters as plans continue to be refined, and other risks involved in the mineral exploration and development
industry. Forward-looking statements are subject to significant risks and uncertainties, and other factors that
could case actual results to differ materially from expected results. Accordingly, readers should not place
undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof
and the Company assumes no responsibility to update them or to revise them to reflect new events or
circumstances, except as required by law.


-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

African Copper Plc
Naomi Nemeth
Vice President, Investor Relations
(416) 214-2922
Email: Info@africancopper.com
Website: www.africancopper.com

OR

Numis Securities Limited (NOMAD)
John Harrison / James Black
+44 (0) 20 7260 1000

                                                                
African Copper Plc
African Copper (LSE:ACU)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more African Copper Charts.
African Copper (LSE:ACU)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more African Copper Charts.