Alhambra Resources Ltd.
TSX VENTURE : ALH
PINK SHEETS : AHBRF

Alhambra Resources Ltd.

April 23, 2008 12:28 ET

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

TORONTO, ONTARIO--(Marketwire - April 23, 2008) - Alhambra Resources Ltd. (TSX VENTURE:ALH)(PINK SHEETS:AHBRF) -



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CRITERIA 23-Apr-08
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MKT CAP (millions) $ 75.6
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50 DAY AVG. VOLUME 13,900
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50 DAY AVG. VALUE $ 15,707.00
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50 DAY AVG. DAILY TRADES 5
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50 DAY AVG. DAILY TRADE VALUE $ 3,141.00
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% OF FLOAT TRADED 0.02%
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In the most recent Technical Research Report dated April 14, 2008, the analyst stated:

"Alhambra Resources Ltd. (ALH) is currently trading under the key 5- week modified moving average at 1.160..."

"My model shows monthly support at 0.789 with a key quarterly pivot at 1.059 and annual resistance at 1.508."

"Alhambra Resources Ltd. (ALH) is now trading under the 200- week moving average at 1.194 with the 50- week moving average providing a nearby resistance level at 1.308."

In the most recent Fundamental Equity Report dated February 7, 2008, the analyst stated:

"Overall, the third quarter of 2007 appears to be a quarter of turnaround for Alhambra, as it was the first quarter that the Corporation generated positive earnings."

"Alhambra has identified 125 significant gold occurrences in the Uzboy Project six of which have been advanced to the diamond drill stage."

"The significant gold discovery at Shirotnaia, approximately three kilometers north of the KazGold mining operations at Aksu and the Dombraly gold deposit, indicates excellent potential for Alhambra to increase its gold resources through exploration of these two areas."

"The most recent independent resource estimate has substantially increased the resource base for the Uzboy gold deposit. Diamond drilling of this deposit is currently underway. After three years of diamond drilling, the limits of the gold mineralization in the West and East zones of the Uzboy deposit have not been found."

The Liquidity Report can be found at:
http://www.baystreet.ca/articles/research_reports/ccm_research/ALH%20_LiquidityReport_April232008.pdf

CCM Research is a division of Cronus Capital Markets, Inc. Cronus Capital Markets, Inc., through its CCM Corporate Advisory 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, including: share illiquidity, lack of credibility, and stagnant market capitalizations.

Cronus Capital Markets® (CCM) is a leading capital market services firm providing services to investors, institutions, exchanges, and public companies. CCM's equity research, indexes, and ETFs receive international attention and represent important new sectors of growth.

CRONUS CAPITAL MARKETS, INC. IS THE SOLE SOURCE OF THIS PRESS RELEASE.

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

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