Khan Resources Inc.
TSX : KRI

Khan Resources Inc.

July 15, 2009 15:09 ET

CAUC Receives Dornod License Suspension Notice from MRAM

TORONTO, ONTARIO--(Marketwire - July 15, 2009) - Khan Resources Inc. (TSX:KRI) ("Khan") today was informed by the Mineral Resources Authority of Mongolia ("MRAM") that the mining license 237A of the joint venture company Central Asia Uranium Corporation, Limited ("CAUC"), which is one of the two primary licenses for Khan's Dornod uranium deposit, has been temporarily suspended for three months due to alleged violations cited by inspectors from Mongolia's State Inspection Agency on their visit to the Dornod site in mid April, 2009. CAUC is a joint venture between one of Khan's wholly owned subsidiaries (58%), the Russian company Priargunsky (21%), and the government of Mongolia (21%).

Although Khan has not yet received the details of the alleged violations, management is confident that CAUC has complied with the terms of the mining licence 237A in all material respects and therefore once the alleged violations have been specified, they will be corrected.

Khan will provide further updates as information becomes available.

Forward-Looking Statements

This press release may contain forward-looking statements, which are subject to certain risks, uncertainties and assumptions. A number of factors could cause actual results to differ materially from the results discussed in such statements, and there is no assurance that actual results will be consistent with them. Such forward-looking statements are made as at the date of this news release, and Khan Resources assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.

Khan Resources (TSX:KRI) is a Canadian company engaged in the acquisition, exploration and development of uranium properties. Its current activities are focused on the Dornod area in north eastern Mongolia, the site of a former Russian open-pit uranium mine. Khan holds interests in the Main Dornod Property, licensed for mining, and in the Additional Dornod Property, licensed for exploration. The Company's website is www.khanresources.com.

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