Alhambra Resources Ltd.

Alhambra Resources Ltd.

September 27, 2007 11:56 ET

CCM Research Summary: Alhambra Resources Ltd. (TSX VENTURE:ALH)

TORONTO, ONTARIO--(Marketwire - Sept. 27, 2007) -

In the most recent technical report dated August 14th, 2007, the analyst stated:

"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 positive on a monthly close above the 5- month modified moving average at 1.541."

In the most recent full equity report dated June 30, 2007, the analyst stated:

"Alhambra has been producing gold since 2004 and is generating revenues and positive operating cash flows from mining operations. The recently announced independent resource estimate and reserve statement suggest that plans for expansion and growth of mining operations may be justified."

"Alhambra holds 100% working interest in the 2.7 million acre Uzboy Project through its two licenses, the terms of which can extend to the year 2042. The exploration target at the Uzboy gold deposit is stated to be from 90 to 120 million tonnes with average gold grade of 1-3 g/t, representing between 3 and 11 million ounces of gold."

"With projected gold sales of 25,000 oz in 2007 and the positive outlook for gold prices, Alhambra will enter the phase of growth in revenue and operating cash flows from its second year of commercial operation."

"Alhambra has identified 125 significant gold occurrences in the Uzboy Project, six of which have been advanced to the diamond drill stage. The geology and structural setting of the project and the recently announced gold discoveries by Alhambra indicates potential to discover large mineral deposits outside of the area of the Uzboy gold deposit." Reports on Alhambra Resources Ltd. can be found at:

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

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