Alhambra Resources Ltd.

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CALGARY, ALBERTA - Alhambra Resources Ltd. ("Alhambra" or the "Corporation") announces that a temporary Management Cease Trade Order ("MCTO") has been issued by the Alberta Securities Commission ("ASC") against the Corporation's Chief Executive Officer and Chief Financial Officer as opposed to a general cease trade order against the Corporation. This MCTO prohibits trading in securities of the Corporation, whether directly or indirectly, by these individuals.

As summarized in Alhambra's News Release dated April 20, 2009 (the "Default Notice"), this action was expected due to the delay in filing its 2008 annual audited financial statements, management's discussion and analysis and CEO and CFO certificates (collectively, the "2008 Annual Audited Financial Statements").

Should Alhambra fail to file its 2008 Annual Audited Financial Statements on or before June 29, 2009, the ASC can impose a cease trade order on Alhambra such that all trading in securities of the Corporation cease for such period as the ASC may deem appropriate.

Purusuant to the requirements of Section 4.4 of National Policy 12-203 - Alternative Information Guidelines ("AIG"), the Corporation reports the following:

1. There have been no material changes to the information contained in the Default Notice except that Alhambra's Auditors are in the process of completing the Corporation's audit and the Corporation expects to file its 2008 Annual Audited Financial Statements on or before June 29, 2009;
2. There have been no failures with respect to the Corporation fulfilling its stated intention of satisfying the requirements of the AIG;
3. There has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the Default Notice; and,
4. There is no other material information about the affairs of the Corporation that has not otherwise been reported.

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.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.