Sultan Minerals Inc. (SUL-TSX-Venture) ("Sultan") is pleased to announce encouraging lead-zinc assay results for three surface diamond drill holes at its 100%-owned Jersey-Emerald Property, located in southeast British Columbia. The drill holes tested a 330 foot (100 m) long section of a 1,200 foot (365 m) long stratiform band of high-grade lead-zinc-silver mineralization discovered by a trenching program in September 2007 (see news release of September 24, 2007). Assays have now been received for the first four holes of a 61 drill hole program that explored for tungsten and lead-zinc mineralization on this polymetallic property.

The following describes results of the three successful holes which are also shown in tabular form below.

The first hole (JS07-01) of the current drill program intersected a 5.0 foot (1.52 m) wide zone that carried 10.53% zinc and 3.02% lead within a 60.0 foot (18.3 m) wide zone that assayed 3.35% zinc and 0.73% lead (true width of these intersections is approximately 82% of the intersection width). Hole JS07-02 drilled to the southeast of JS07-01 penetrated the mineralized horizon approximately 60 feet down dip where it intersected 6.80 feet assaying 8.52% zinc and 0.54% lead within a 68.5 foot (18.3 m) wide zone that assayed 1.21% zinc and 0.05% lead. True widths in the second hole are believed to be 50% of the intersection widths. Hole JS07-04 collared 230 feet southwest of hole JS07-01 intersected 6.30 feet assaying 5.55% zinc and 3.14% lead within a 54.3 foot (18.3 m) wide zone that assayed 1.63% zinc and 0.47% lead. True widths in hole JS07-04 are believed to be 90% of the intersection widths.

Note 1: All dimensions and core lengths are recorded in feet in order that results are compatible with the historic mine grid and the existing 5,500-drill hole database.

These results confirm that significant mineralization may extend well beyond the limits of the historic lead-zinc mining operation. The grades intersected in these holes are comparable to the historical grades of the Jersey mine which produced 8,000,000 tons averaging 2.0% Pb and 3.8% Zn. The discovery is located approximately 200 feet (60 metres) west of the historic "G-Zone" which was the northernmost workings in the Jersey Lead-Zinc Mine. The attitude of the mineralization discovered to date suggests that a considerable portion of this area of the deposit might be extracted by surface mining methods.
Assays are presently awaited for a further 57 drill holes drilled marginal to the historic lead-zinc and tungsten workings during the current program. The four holes reported above were received by the laboratory on September 19, 2007. Because of the backlog of samples in the laboratory the final assays were received by Sultan on February 7th, 2008.

Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines for Placer-Dome, oversees all on-going diamond drilling programs. Mr. Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, BC, is Sultan's project supervisor and "Qualified Person" as defined by NI 43-101, "Standards of Disclosure for Mineral Projects".

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For further information on the Company's projects, visit www.sultanminerals.com

Arthur G. Troup, P.Eng., Geological
President and CEO

For further information, please contact:
Marc Lee, Investor & Corporate Communications
Tel: (604) 687-4622 Fax: (604) 687-4212 Toll Free: 1-888-267-1400
Email: mlee@sultanminerals.com or info@sultanminerals.com or

Catarina Cerqueira
Associate Account Manager
CHF Investor Relations
Phone: (416) 868-1079, Ext. 251
Email: catarina@chfir.com

Should you wish to receive Company news via email, please email catarina@chfir.com and specify "Sultan Minerals News" in the subject line or contact the Company directly.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release. This release was prepared by Sultan management and no regulatory authority has approved or disapproved the information contained herein. This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's filings that are available at www.sedar.com or the Company's website at www.sultanminerals.com