Alma Resources Ltd.

Alma Resources Ltd.

December 11, 2006 09:40 ET

Alma Resources Appoints Jag Bal as President and Director

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 11, 2006) - Alma Resources Ltd. (TSX VENTURE:ALV) ("Alma" or "the Company") is pleased to announce that Mr. Jag Bal has been appointed as President and a Director of the Company, effective immediately. Mr. Bal replaces Mr. Lawrence Talbot as President, who remains a Director of Alma.

"Mr. Bal comes to Alma Resources with expertise in business development and financing companies with silver resources in Mexico. We are delighted that he has agreed to join us," said Mr. Marc E. Levy, a Director of Alma. "As a company with numerous silver and gold properties in Mexico, he will bring immediate value to Alma."

Mr. Jag Bal, has over 10 years of experience in the public markets. Mr. Bal has been a Partner of Centerline Capital Corporation since 2003 and is currently President and CEO of Infinity Alliance Ventures Inc. Mr. Bal has performed consulting services for a number of resource companies and was instrumental in raising significant capital for Journey Resources Corp. and, in particular, Scorpio Mining Corporation, a Toronto Stock Exchange listed company. Mr. Bal has extensive experience working with public and private resource companies focused primarily on silver and situated in Mexico.

"I am extremely pleased and eager to be joining such a dynamic and growth-oriented company like Alma Resources," said Jag Bal. "The future promises to be very exciting for both the company and it's shareholders."

Alma Resources Ltd. has granted 100,000 stock options to an officer of the company, exercisable for a period of five years, at a price of 55 cents per share. This grant is subject to TSX Venture Exchange approval.

About Alma Resources Ltd.

Alma has recently completed a CAD $4.8 million financing, graduated from the NEX to the TSX Venture Exchange, and acquired Promotora Minera Dialex S.A. de C.V., a private Mexican company that holds, or has rights to acquire, a portfolio of 13 highly prospective silver, gold, base metal (Cu, Zn) and iron mineral properties in Sinaloa State, Mexico. Alma is committed to acquiring and developing proven, undeveloped mineral projects in Latin America and the acquisition of Dialex represents its first acquisition in this region. In addition, Alma personnel in Mexico have identified a number of other prospective mineral property acquisitions, and will pursue the evaluation and possible acquisition of these properties.


Marc E. Levy, Director

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

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