Alhambra Resources Ltd.

TSX VENTURE SYMBOL: ALH



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CALGARY, ALBERTA - Alhambra Resources Ltd. (TSX Venture: ALH) ("Alhambra" or the "Corporation"), an international gold explorer and producer, announces it has submitted a request for regulatory body approval to further extend the expiry date of certain share purchase warrants of the Corporation having an exercise price of US$0.72 per common share (the "Warrants"). A total of 9,302,325 Warrants were issued to purchase up to 9,302,325 common shares of the Corporation as partial consideration for a private placement announced by Alhambra in July 2010.

Of the total, 5,388,690 Warrants had an expiry date of February 19, 2012 and 3,913,635 Warrants had an expiry date of March 28, 2012 (see News Releases dated August 19, 2010 and September 28, 2010, respectively). The new Warrant expiry dates applied for, for the 5,388,690 Warrants is February 19, 2013 and for the 3,913,635 Warrants is March 28, 2013 (both being 12 months after the original expiry dates).

ABOUT ALHAMBRA

Alhambra is a Canadian based international exploration and gold production corporation with operations in the Republic of Kazakhstan. Alhambra holds exploration and exploitation rights to a 2.4 million acre (9,800 km2), 100% owned license called the Uzboy Project, located in the Northern Kazakhstan Metallogenic Province which hosts numerous world-class gold deposits. Over 100 mineral targets, including three advanced exploration plays, are contained within the Uzboy Project.

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




For further information please contact:
Ihor P. Wasylkiw
VP & Chief Information Officer
+1 (403) 508-4953
Donald D. McKechnie
Vice President Finance and CFO
+1 (403) 228-2855 (Toll Free)

Alhambra Resources Ltd.
Head Office Suite 3, 4015 - 1St Street S.E. Calgary, Alberta, Canada T2G 4X7
Phone: (403) 228-2855 Fax: (403) 228-2865 E-mail: info@alhambraresources.com