Alhambra Resources Ltd.

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CALGARY, Alberta - John J. Komarnicki, Chairman and Chief Executive Officer of Alhambra Resources Ltd. (TSX-V: ALH) ("Alhambra" or the "Corporation"), is pleased to announce the results for an additional six diamond drill holes (“DDHs”) completed on the Uzboy gold deposit and 21 DDHs from the Kirtoge zone located approximately 15 kilometres northeast of the Uzboy gold deposit.

The locations of the DDHs for the Uzboy gold deposit and the Kirtoge zone are shown in Figures 1, 2 and 3. The weighted average gold grade of the mineralized intervals are based on atomic absorption analysis and using a 0.2 gram per tonne (“g/t”) cutoff.

DDH 143 on the East zone of the Uzboy gold deposit intersected a thick interval of gold mineralization which represents one of the highest grade intervals recorded from the East zone and is open at depth and along strike to the southwest. This hole contains numerous higher-grade intervals of gold mineralization which has not been typical for the East zone.

The latest drilling results suggest that the limits of the gold mineralization on the southwest side of the West zone of the Uzboy gold deposit have been defined. The gold mineralization in this zone remains open to the northeast.

The analytical results from the Kirtoge zone show wide intervals of low-grade gold mineralization (less than 0.4 g/t) and narrow intervals of greater than 0.5 g/t gold. The average gold grades intersected by the diamond drilling are similar to the trenching and Reverse Air Blast (“RAB”) drilling results outlined in 2005 and 2006.

The analytical results for an additional 6 DDHs from the East and West zones of the Uzboy gold deposit are set out in Table 1. The gold mineralization is hosted in a broad zone of intensely sheared metasomatically altered andesite.

The DDHs completed on the West zone were designed to test the down dip and strike extensions previously intersected mineralized intervals. The drilling on Sections 65 and 73 intersected narrow intervals of low-grade sulphide gold mineralization. Future drilling will concentrate on the northeast extension of this zone.

The DDHs completed on the East zone were designed to test the down dip extension of previously intersected intervals of gold mineralization. DDH 143 intersected a broad interval of low-grade oxide gold mineralization and a significant interval of sulphide gold mineralization with a maximum grade of 14.2 g/t gold over 1.0 metre (“m”) between 131.0 and 132.0 m. The interval from 122.0 to 149.0 m in DDH 143 is higher than the average for the East zone and contains six samples containing greater than 3.0 g/t gold. This interval represents one of the highest grade mineralized intervals recorded from the East zone and is open along strike and at depth. This mineralized interval suggests that the average grade and thickness of the mineralization could be increasing toward the southwest. Additional diamond drilling is required to assess the significance of this part of the East zone.

A total of 21 DDHs (2809.9 m) were completed over a strike length of 440 m to test a broad zone of oxide gold mineralization located by trenching and RAB drilling in 2005 and 2006. The weighted average grade of the mineralized intervals using a 0.2 g/t gold cut-off is set out in Table 2.

The geology of this zone consists of weakly altered, andesite, volcaniclastic sediments and black shale. These lithologies are extensively faulted which in numerous occasions resulted in drilling difficulties.

This zone was drilled to test the depth extension of low-grade gold mineralization outlined by trenching and RAB drilling. The preliminary interpretation of the analytical results from the trenching, RAB drilling and diamond drilling indicated that the intervals of gold mineralization exposed on surface pinch out at depth. For example, the mineralized intervals and weighted average grade in DDH 71 and DDH 72 demonstrate this relationship. The overall gold grades and the weighted average gold grade intersected by the drilling show a reasonable correlation with the gold grades trenching and RAB drilling results.

The intervals of gold mineralization intersected by diamond drilling are for the most part relatively narrow and low-grade. Toward the southwest end of the Kirtoge zone no significant intervals of gold mineralization were intersected by diamond drilling, yet significant intervals of low-grade gold mineralization were located on surface by trenching. This relationship suggests that the mineralized intervals exposed by trenching have very little depth extent and possibly represent what remains of a mineralized zone after erosion. No additional drilling is planned for this zone in 2008.

A test geophysical program consisting of total field magnetometer and electromagnetic surveys was completed over the Kirtoge zone in late 2007. KGK drilling was also completed at Kirtoge, south of the area that was diamond drilled. The data from the geophysical surveys and the analytical results from the KGK drilling are being compiled and will be released when the interpretation of the data has been completed.

Diamond drilling is completed using a 76 mm diameter core barrel. Core recovery at the Uzboy gold deposit is estimated to be greater than 96% and core recovery for the Kirtoge zone ranged from 50 to 98%. The cores from both areas were cut with a diamond saw and one half of the core is collected for sample preparation and analysis and the other half is retained for future reference. Sample intervals were selected based on lithologies and intensity of alteration. The sample interval and sample weight averaged one metre and 2.0 kilograms respectively. Sample preparation was completed by Chemical and Analytical Laboratory Quartz LLP located in Stepnogorsk using the following procedure: core 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 laboratory in Stepnogorsk is certified in the Republic of Kazakhstan but does not have an International Standard Organization (“ISO”) rating. Chemical and Analytical Laboratory Quartz laboratory is independent of Alhambra.

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 responsible for monitoring the supervision and quality control of the programs completed on the Uzboy property. Mr. Stewart 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, 2.7 million acre Uzboy Project. Alhambra is currently in its sixth year of operations in the Republic of Kazakhstan, commencing commercial gold production in May 2006.

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 - West Uzboy Diamond Drill Hole Location Map

Figure 2 - East Uzboy Diamond Drill Hole Location Map

Figure 3 - Kirtoge Zone Diamond Drill Hole Location Map

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