Mr. Marcel de Groot, an investor, reports

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

Marcel de Groot has acquired direct ownership of 3.4 million common shares of Copper Standard Resources Inc., representing approximately 6.58 per cent of the total issued and outstanding shares of the company.

Prior to the acquisition, the acquiror directly owned 5,404,848 common shares, 333,333 stock options and 2,271,744 warrants, representing approximately 10.46 per cent of the total issued and outstanding common shares on a non-diluted basis, and approximately 14.76 per cent of the total issued outstanding common shares on a fully diluted basis. After giving effect to the acquisition, the acquiror has direct ownership of 8,804,848 common shares, representing approximately 17.04 per cent of the total issued and outstanding common shares on a non-diluted basis, and approximately 21.03 per cent of the total issued and outstanding common shares on a fully diluted basis.

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

The common shares were acquired for investment purposes only and not for the purpose of exercising control or direction over the company. The acquiror 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 acquiror 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 acquiror 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.