Knight Resources Ltd.
TSX VENTURE : KNP

Knight Resources Ltd.

May 15, 2006 09:00 ET

Knight Resources Ltd.: Novawest Claim Against Anglo Dismissed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 15, 2006) - Mr. Harvey Keats, President of Knight Resources Ltd., (TSX VENTURE:KNP)(FWB:KRL) announces that on May 12, 2006 the Supreme Court of British Columbia ruled on Anglo American Exploration (Canada) Ltd.'s ("AAEC") application for dismissal, by summary trial, of the Novawest Resources Inc. lawsuit, Action No. S042230. Novawest's lawsuit challenged AAEC's ownership of the claims that form the West Raglan Project. The Court ruled in favour of the dismissal. It is Management's understanding that Novawest has 30 days in which to appeal the decision.

The Company holds a 49% interest in the West Raglan Project. AAEC, the West Raglan Project operator, holds a 51% interest in the project.

Knight and joint venture partner Anglo American have established a 2006 West Raglan Project budget of $3,000,000 in phase I and $2,000,000 in phase II, conditional on the results of phase I. The focus of the 2006 exploration program will be on drilling known mineralized zones and discovery of new mineralized zones, all in the Greater Frontier area, the area of greatest success to date.

ON BEHALF OF THE BOARD OF

KNIGHT RESOURCES LTD.

Harvey Keats, President

WARNING: This news release contains forward-looking information. The reader is cautioned that assumptions used in the preparation of such information, although considered accurate at the time of preparation, may prove incorrect. The actual results may vary materially from the information provided herein. Consequently, there is no representation by Knight that actual results achieved will be the same as those forecast.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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