Alhambra Resources Ltd.

( Open the Adobe Acrobat® version.)

CALGARY, Alberta - Alhambra Resources Ltd. ("Alhambra" or the "Corporation") announces that on November 14, 2008, the Civil Case Review Board of the East Kazakhstan Oblast Court (the "Review Board") heard, and subsequently denied, Alhambra's appeal to have the legal claim which was filed in Kazakhstan transferred to Stockholm, Sweden (see Alhambra News Releases dated October 6, 16 and 30, 2008). The legal claim filed in Kazakhstan against Alhambra seeks to invalidate the original agreement whereby Alhambra purchased Saga Creek Gold Company LLP.

On November 17, 2008, the first hearing on merits of the outstanding court claim was heard in Kazakhstan by the interdistrict economic court (the "economic court") but was subsequently adjourned to a second hearing scheduled for November 24, 2008.

Alhambra continues to disagree with the claim and is taking 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.