Alhambra Resources Ltd.

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CALGARY, Alberta - Alhambra Resources Ltd. ("Alhambra" or the "Corporation") announces that the court hearing scheduled for October 29, 2008 in Kazakhstan was adjourned to November 17, 2008. The hearing was to deal with the legal claim filed in Kazakhstan seeking to invalidate the original Partnership Unit Purchase and Exchange Agreement dated March 21, 2002 (the "Agreement") whereby Alhambra purchased Saga Creek Gold Company LLP (see Alhambra News Releases dated October 6 and 16, 2008).

The hearing was adjourned in response to the appeal filed by Alhambra to dismiss the litigation for lack of jurisdiction in favor of arbitration in Stockholm, Sweden as provided for under the Agreement. As required by Kazakh law, the Corporation's appeal was transferred to the Civil Case Review Board of the East Kazakhstan Oblast Court (the "Review Board"). The Review Board has set November 14, 2008 as the date when it will hear Alhambra's appeal. If the Corporation's appeal is successful, it is anticipated that the claim against Alhambra will not proceed on November 17, 2008.

Alhambra disagrees with the claim and continues to take all possible measures to vigorously defend its position.

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 seventh 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.

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