MONTREAL, May 16 /PRNewswire-FirstCall/ - Campbell Resources Inc. (TSX:
CCH, OTC Bulletin Board: CBLRF) ("Campbell") is pleased to announce that it
intends to complete a non-brokered private placement (the "Private
Placement") of up to 20,833,334 flow-through common shares priced at $0.12
per flow-through common share, for total proceeds of up to $2,500,000.
Campbell intends to pay a cash commission of 6% of the total proceeds of
the Private Placement.

    The closing of the private placement is scheduled for May 22, 2008 or
such other time as Campbell may determine, but no later than June 12, 2008.
All securities issued pursuant to the Private Placement will be subject to
a four month hold period. The Private Placement is subject to approval by
the Toronto Stock Exchange.

    Campbell intends to continue its exploration program on the Corner Bay
property and other properties it owns in the Chibougamau area.

    Campbell is a mining company focusing mainly in the Chibougamau region
of Quebec, holding interests in gold and gold-copper exploration and mining
properties.

    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.

Link to this page: