Dear Investor,
Please find attached the Alhambra Resources Ltd.

(ALH - TSX Venture) news release which was distributed earlier this morning titled, "Alhambra Resources Ltd.

Announces Board of Director Changes".
CALGARY, Alberta - Alhambra Resources Ltd.

(TSX-V: ALH) ("Alhambra" or the "Corporation"), an international gold explorer and producer, announces that the Corporation has received formal notification from the Government of Kazakhstans Ministry of Industry and New Technology ("MINT") that MINT will waive its pre-emptive right to participate in anticipated future financings under the terms and conditions of Alhambras application.
MINT granted the Corporation its approval to issue two tranches of common shares and/or equity derivative instruments.

The first approved tranche is an equivalent of up to 40 million common shares at a price between US$0.60 to US$2.00 per share, and the second approved tranche, by way of a dual-primary listing of up to 120 million common shares at a price between US$1.25 to US$4.00 per share.
At the time of the original MINT application, the requested financing terms were within the context of the Corporations actual share price trading range.

The range of the price terms requested were broad to provide flexibility for Alhambras management to negotiate and secure financing at the best available terms and to take advantage of a potentially buoyant future capital market.

The anticipated financings were to support Alhambras objectives of exploiting the potential of its significant exploration license by accelerating exploration and production development activities to increase resources, reserves and gold production.
Over the last eighteen months, given the extremely poor junior capital market, combined with the longer than anticipated MINT approval process time, the Corporations share price declined significantly.

Although the Corporations share price is currently below the approved MINT pricing, Alhambra has been negotiating a financing scenario which would meet the terms of the MINT approval.

A non-binding term sheet has been executed which will form the basis for negotiating a final agreement.
For more details, please read the attached.
Best regards,
Ihor P.

Wasylkiw VP & Chief Information Officer Alhambra Resources Ltd. (bus): 1-403-508-4953
www.alhambraresources.com