FOR IMMEDIATE RELEASE ?
May 05, 2008
FOR:
Alhambra Resources Ltd.
SUBJECT: Appointment of New Director
CALGARY,
Alberta ?
John J. Komarnicki, Chairman and Chief Executive Officer of Alhambra Resources
Ltd. (TSX-V:ALH) (?Alhambra? or the Corporation), on behalf of the board of
directors is pleased to announce the appointment of Mr. Graham A. Karklin as a
director of the Corporation effective May 05,
2008.
Mr. Karklin has 34 years
of experience in the international mining industry including
Central
Asia,
Australia, North and
South
America, Africa,
Indonesia and
Russia. Mr. Karklin has been
involved in the area of project development, operations and business
development. He is a Professional Metallurgist, QP, who graduated from Haileybury School of Mines in Canada.
Mr. Karklin?s experience includes metallurgical
development in the areas of rare earths, base metals and precious metals.
Management experience includes general management of mining operations,
metallurgical testing facilities, as well as co-founding a Canadian public
resource company.
For 18 years, Mr. Karklin
worked at Echo Bay Mines Ltd. in the capacity of Director of Metallurgical
Services, which involved due diligence for mergers and acquisitions,
operations and development of new mining projects. For the past 12 years Mr.
Karklin has worked at Newmont Mining Corporation in the technical services
group as an internal consultant to projects and operations in
Russia,
Uzbekistan,
Indonesia,
Peru,
Bolivia,
Ghana and
Canada.
Mr. Karklin retired in
2008, and is developing a metallurgical consulting practice in
Vancouver and continues to be a
consultant to Newmont Mining Corporation. Mr. Komarnicki commented saying ?We
welcome Graham into our organization and look forward to his leadership and
expertise in the mining sector?.
Alhambra also announces the
granting of a stock option to Mr. Karklin, to purchase up to 200,000 common
shares of the Corporation. Such
stock option shall have an exercise price of C$1.15 per common share, shall
have a term of three years from the date of grant, and shall vest as to
twenty-five (25%) immediately and thereafter as to twenty-five (25%) on dates
which are six (6) months, twelve (12) months and eighteen (18) months from the
date of grant.
About
Alhambra
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 sixth
year of operations in the Republic of
Kazakhstan.
Alhambra?s common shares trade on
The TSX Venture Exchange Inc. 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.
For further information please
contact:
|
Ihor P. Wasylkiw
Chief Information
Officer
+1 (403)
508-4953 |
Jim Clarke
Investor
Relations
+ 1 (888) 290-1335
(Toll Free) |
This news release
contains statements about expected or anticipated results that are forward
looking in nature and, as a result, are subject to certain risks and
uncertainties, such as technical issues, new legislation, competitive and
general economic factors and conditions, uncertainties resulting from
potential delays, changes in plans, the occurrence of unexpected events and
the Corporation?s capability to execute and implement its future plans . Actual results may differ materially
from those projected by management.
For such statements, we claim the safe harbor for
future.