Alhambra Resources Ltd. – Claim Filed Against Alhambra
Alhambra Resources Ltd. announces that on October 3, 2008 it was served with a legal claim filed in Kazakhstan that seeks to invalidate the original Partnership Unit Purchase and Exchange Agreement dated March 21, 2002 whereby Alhambra purchased Saga Creek Gold Company LLP. Alhambra disagrees with the claim, believes that the 2002 agreement is valid, and intends to take all possible measures to defend its position. A court hearing is scheduled for October 15, 2008 in Kazakhstan.
Alhambra believes that this claim may be a reaction to the injunction granted in the Court of Queen’s Bench of Alberta dated September 29, 2008 purporting to preclude Alhambra and Saga Creek from dealing with the Kemerkol License (see Alhambra News Release dated September 30, 2008).
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 seventh year of operations in the Republic of Kazakhstan.
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.
