Mr. David De Witt, an investor, reports

EARLY WARNING REPORT ISSUED PURSUANT TO NI 62-103 DISPOSITION OF SECURITIES OF COPPER STANDARD RESOURCES INC.

David De Witt has disposed of an aggregate of four million common shares of Copper Standard Resources Inc. to four third parties by way of bona fide gifts.

Prior to the disposition, the transferor directly owned 9,788,200 common shares and 200,000 warrants, representing approximately 18.95 per cent of the total issued and outstanding common shares on a non-diluted basis, and approximately 19.26 per cent of the total issued and outstanding common shares on a fully diluted basis.

The transferor owns an additional 183,333 common shares and 300,000 stock options via Pathway Capital Ltd., a company jointly held by the transferor.

After giving effect to the disposition, the transferor has direct ownership of 5,788,200 common shares and 200,000 warrants, representing approximately 11.21 per cent of the total issued and outstanding common shares on a non-diluted basis, and approximately 11.55 per cent of the total issued and outstanding common shares on a fully diluted basis

The common shares were disposed of for investment purposes only, and not for the purpose of exercising control or direction over the company. The transferor may, from time to time, increase or decrease his shareholding, or continue to hold common shares of the company as he may determine appropriate in the normal course of investment activity. In the future, the transferor may, directly or indirectly, acquire additional common shares of the company or dispose of such shares, subject to a number of factors, including, without limitation, general market and economic conditions, and other investment and business opportunities available.

A copy of the early warning report to be filed by the transferor will be available on SEDAR+ under the company's profile. This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104, Take-Over Bids and Issuer Bids, and National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.