Alhambra Resources Ltd.
TSX VENTURE : ALH

Alhambra Resources Ltd.

January 17, 2008 13:18 ET

CCM Liquidity Report: Alhambra Resources Ltd. (TSX VENTURE:ALH)

TORONTO, ONTARIO--(Marketwire - Jan. 17, 2008) - Alhambra Resources Ltd. (TSX VENTURE:ALH) -



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CRITERIA 7-May-07 16-Jan-08 RESULTS
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50 DAY AVG. VOLUME 42,900 16,700 -61%
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50 DAY AVG. VALUE $ 61,347.00 $ 20,207.00 -67%
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50 DAY AVG. DAILY TRADES 5 6 20%
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50 DAY AVG. DAILY TRADE VALUE $ 12,269.00 $ 3,368.00 -73%
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In the most recent Technical Research Report dated August 14, 2007 the analyst stated:

"The weekly cycle shifted positive on the June 29th weekly close and remains positive on weekly closes above the 5- week modified moving average at 1.481. We are currently trading within a range between 1.20 and 1.60. I show a weekly resistance at 1.654. A break above 1.654 puts the focus on potential strength to semiannual resistance at 1.834. The monthly cycle will shift to a positive on a monthly close in August above the 5- month modified moving average at 1.541."

In the most recent Fundamental Equity Report dated June 30, 2008, the analyst stated:

"Alhambra has been producing gold since 2004 and is generating revenues and positive operating cash flows from mining operations."

"The geology and structural setting of the (Uzboy) Project and the recently announced gold discoveries by Alhambra indicate potential to discover large mineral deposits outside of the area of the Uzboy gold deposit."

"The recently announced independent resource estimate and reserve statement, suggest that plans for expansion and growth of mining operations may be justified. Just in the first five months of commercial operations from May 1, 2006 to September 30, 2006 Alhambra sold 6,917 oz of gold and 2,093 oz of silver and generated over C$4.8 million revenues and C$363,221 operating cash flows."

Reports on Alhambra Resources Ltd. can be found at:
http://www.ccmopportunitybase.com/company.asp?company=79

CCM Research is a division of Cronus Capital Markets, Inc. Cronus Capital Markets, Inc., through its CCM Consulting division, entered into a one year $40,000.00 contract with the Company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies; such as share illiquidity and stagnant market capitalization.

Cronus Capital Markets (CCM) is a global investment information firm who strategically produces and introduces, through various forms of analytics and worldwide distribution, information on equity market opportunities. CCM's equity indexes receive international attention and represent important new benchmarks of growth.

The TSX Venture Exchange has neither approved nor disapproved the contents of the press release.

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