Alhambra Resources Ltd.

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CALGARY, Alberta - is pleased to announce the results of a deep geochemical exploration program completed around Alhambra’s previously announced gold discovery at Shirotnaia in 2007. The Shirotnaia zone is one of the advanced drilling targets within Alhambra’s 100% owned, 2.7 million acre, Uzboy Project area located in north central Kazakhstan.

A deep geochemical survey using Reverse Air Blast (“RAB”) drilling was completed in the fourth quarter of 2007 to the southwest and northeast of the previously announced gold discovery at the Shirotnaia zone. This has resulted in the discovery of two linear gold anomalies located northwest of KazakhGold Group Limited’s (“KazakhGold’s”) Aksu and Quartzite Hills gold deposits. A second deep geochemical survey was also completed approximately 800 metres (“m”) northeast of the Shirotnaia gold discovery when the Corporation announced a successful drilling program whereby 17 of 18 diamond drill holes intersected gold mineralization (see News Releases dated March 21, 2007 and April 26, 2007).

John Komarnicki, the Corporation’s Chairman and CEO stated, “We are excited about these new exploration results. They support our interpretation that Shirotnaia has the potential to become a very significant gold bearing area.”

Following is a summary of the geochemical anomalies discovered at Shirotnaia:

Two northwest trending, linear gold anomalies were located northwest of the Quartzite Hills gold deposit that is currently held by KazakhGold (see Figure 1). Gold values in the first anomaly ranges from 0.05 to 1.14 gram per tonne (“g/t”) and gold values in the second anomaly ranges from 0.05 to 0.39 g/t. These anomalies appear to show good correlation with two northwest trending faults previously identified during the Soviet era. Anomaly #1 is approximately 3,000 m long and Anomaly #2 is estimated to be 2,000 m long. The width of these anomalies cannot be determined due to the spacing and orientation of the sampling profiles. These anomalies are interpreted to be located along the same faults that host the Quartzite Hills gold deposit. These anomalies are defined by using the greater than 0.05 g/t gold as a cut-off.

This area is located approximately 800 m northeast of the previously announced Shirotnaia gold discovery and is characterized by a series of northeast trending gold anomalies (defined by greater than 0.05 g/t gold) that extend over a distance of 2,400 m and a width of 1,200 m. Gold values within these anomalies range from 0.05 g/t to a maximum of 2.79 g/t. The area (approximately 800 m long) between these anomalies and the diamond drilling completed at Shirotnaia in 2007 has not been explored. These gold anomalies are interpreted to be an extension of the Shirotnaia zone of gold mineralization.

The RAB drilling was utilized to complete a deep geochemical survey over a portion of the Uzboy Project located immediately northwest of KazakhGold’s mining operation and northeast of the Shirotnaia Zone.

The RAB drilling in the vicinity of Area #1 was completed on profiles that were 500 m apart and used a 25 m and 50 m spacing between the holes on the profiles. In Area #2, the RAB drilling was completed on profiles that were spaced 250 m apart and utilized a 25 m and 50 m spacing between the collars on each profile.

The geochemical survey was completed using vertical RAB holes that were drilled to a depth of 4 m. The interval from 2 to 4 m in each hole was collected for sampling and analysis.

The RAB holes have a 7.6 centimeter diameter. The cuttings from the interval sampled in each hole were mechanically split into four samples. The samples selected for analysis are placed in a cloth bag and weighed at the drill site. The weight of the samples ranged between 5 and 7 kilograms. Based on sample weight, the recovery from the holes is estimated to be almost 100%.

Sample preparation was completed by Chemical and Analytical Laboratory Quartz LLP located in Stepnogorsk using the following procedure: samples were pulverized in a jaw crusher to minus 1 mm, mixed and split into two 0.75 kilogram sub-samples. One sub-sample is ground to – 200 mesh and the other sub-sample is retained for reference purposes. A 10 gram sample of the –200 mesh material is used for atomic absorption analysis and the balance is retained for fire assaying and reference purposes. Chemical and Analytical Laboratory Quartz LLP is independent of Alhambra, is certified in the Republic of Kazakhstan and does not have an International Standard Organization (“ISO”) rating.

Alhambra plans to evaluate the significance of these anomalies by using a combination of RAB and KGK drilling. Diamond drilling of targets defined by this work is expected to be completed in the first half of 2008.

Alhambra follows a rigorous Quality Assurance/Quality Control program consisting of inserting standards, blanks and duplicates into the sample stream submitted to the laboratory for analysis.

Elmer B. Stewart, MSc. P. Geol., a Director of Alhambra, is the Corporation’s nominated Qualified Person has reviewed and verified the technical information contained in this news release.

Alhambra is a Canadian based gold exploration and production corporation engaged in the exploration of and production from its 100% owned Uzboy Project. Alhambra is currently in its sixth year of operations in the Republic of Kazakhstan.

Alhambra common shares trade on The TSX Venture Exchange under the symbol ALH and in Germany on the Frankfurt Open Market under the symbol A4Y. The Corporation's website can be accessed at www.alhambraresources.com.

Figure 1 – Shirotnaia Area: Geochemical Results

The TSX Venture Exchange Inc. has neither approved nor disapproved the information contained herein.