Knight Resources Ltd.
TSX VENTURE : KNP
FRANKFURT : KRL

Knight Resources Ltd.

April 14, 2010 17:19 ET

Knight Resources Ltd.: $700,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 14, 2010) -

NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Mr. David Patterson, Chairman of Knight Resources Ltd. (TSX VENTURE:KNP)(FRANKFURT:KRL) reports that the Company is undertaking a non-brokered private placement in an amount of $700,000. The private placement will consist of a combination of Québec flow-through units ("QFT Unit") at a price of $0.115 per QFT Unit and flow-through units ("FT Unit") at a price of $0.11 per FT Unit. Each QFT Unit and each FT Unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share at a price of $0.15 for the first 12 months following the closing, and at a price of $0.20 for the remaining 12 months thereafter.

The funds raised by way of the financing will be used for exploration of the West Raglan Project, located in northern Québec.

Fees and commissions will be payable in connection with the private placement. The private placement is subject to the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD.

David Patterson, Chairman

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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