Khan Resources Inc.
TSX : KRI

Khan Resources Inc.

October 15, 2007 16:30 ET

Khan Resources Announces the Sale of Its Big Bend Gold Property

TORONTO, ONTARIO--(Marketwire - Oct. 15, 2007) - Khan Resources Inc. (TSX:KRI) is pleased to announce the completion of the sale of its Big Bend placer gold property in Mongolia to Berleg Mining Co. Ltd., for cash proceeds of US$2.5 million.

Martin Quick, President and CEO, commented that "Some time ago the Board of Directors of Khan determined that placer gold mining did not fit with the Company's primary goal of becoming a uranium producer, and the cash sale of Big Bend to a placer gold operator, fits with our strategic objectives."

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 the company 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 acquisition, exploration and uranium development company. 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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