Alhambra Resources Ltd.

Developing a potential
world-class mineral project

Updated June 29^th, 2008

Alhambra Resources Ltd. ("Alhambra" or the "Corporation") is a Canadian based exploration and gold production corporation. Operating through its wholly owned subsidiary, Saga Creek Gold Corp LLP ("Saga Creek") Alhambra is in its sixth year of operations in the Republic of Kazakhstan. Saga Creek holds the rights to two Licenses that have an initial term of 25 years granted by the Republic of Kazakhstan in 1997. These Licenses are the subject of an exploration and exploitation Contract between Saga Creek and the Republic of Kazakhstan. The initial term of these Licenses expires in the year 2022. Pursuant to the Subsoil Use laws of the Republic of Kazakhstan, the terms of these Licenses can be extended for up to an additional 20 years.

The main asset of the Corporation is its 100% working interest in the 2.7 million acre Uzboy Project (the "Project") located in a prolific gold belt located in north central Kazakhstan which hosts numerous world-class gold deposits. The Corporation commenced commercial operations at its 100% owned of Uzboy heap leach mine effective May 1, 2006.

Current mining operations are being conducted on the oxide portions of the East zone of the Uzboy gold deposit that extends to a depth of approximately 50 metres below surface. The oxide layer is underlain by sulphide gold mineralization.

Since 2005, Alhambra has been systematically exploring the 125 exploration targets located within the Project that have been identified to date.

Safe Harbor Statement

This website contains certain "forward-looking statements" as such term is used in applicable Canadian and US laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. In particular, statements concerning mineral resource estimates should be viewed as forward-looking statements to the extent that they involve estimates of the mineralization. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward-looking statements, including but not limited to, the amount of estimated mineralization, the timing and possible outcome of possible pending economic evaluations, the Corporation's liquidity and financial capacity, the Corporation's funding sources to meet various obligations, the Corporation's assessment of the legal disputes and other factors and events described in this website, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others: the timing and actual results of exploration activities; variations in the underlying assumptions associated with the estimation or realization of mineral resources; the conclusions of economic evaluations and possible variations in ore grade or recovery rates; costs and timing of the development of existing and new deposits, availability of capital to fund exploration and development programs and the resulting dilution caused by the raising of capital through the sale of shares; other risks of the mining industry including without limitation those associated with the environment, financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage and such other business risks as discussed herein. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements there may be other factors that cause actions events or results not to be anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this website.

Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Corporation undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

Financial Statements

June 29^th, 2009