Alhambra Resources, Ltd.
TSX VENTURE : ALH
PINK SHEETS : AHBRF

Alhambra Resources, Ltd.

March 04, 2008 15:26 ET

CCM Research Issues Technical Research Report on Alhambra Resources Ltd.

TORONTO, ONTARIO--(Marketwire - March 4, 2008) - CCM Research Chief Technical Analyst, Jason Suttmeier, has written a technical research report on Alhambra Resources Ltd. (TSX VENTURE:ALH)(PINK SHEETS:AHBRF)

Alhambra Resources, Ltd. (TSX VENTURE:ALH)(PINK SHEETS:AHBRF) is a Canadian based gold exploration and production company. Since 2002, the corporation has focused its activities mainly on exploration and exploitation of gold from its 100% owned Uzboy Project. Alhambra is now in its sixth year of operations in the Republic of Kazakhstan and conducts mining operations and exploration on a 12 month basis.

In the report the analyst states:

"The weekly cycle remains negative on weekly closes under the 5- week modified moving average at 1.197, which keeps the pressure on chart support in the 1.000 area. Weakness through this key level would provide us with a major warning. I see no levels of support under 1.000."

"Monthly support is at 1.087 with annual resistance at 1.508. The January 8th high was 1.500."

A free copy of the report can be found at www.ccmopportunitybase.com.

CCM Research, a division of Cronus Capital Markets, Inc., subscribes to the "Standards for Independent Research Providers" and the principles contained in the Analyst/Corporate Issuer Guidelines jointly promulgated by the CFA Institute and the National Investor Relations Institute, described at: http://www.cfainstitute.org and http://www.niri.org.

Cronus Capital Markets, Inc., through its CCM Consulting division, entered into a one year $40,000.00 contract with the company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies including share illiquidity and stagnant market capitalization.

Cronus Capital Markets (CCM) is a global investment information firm who strategically produces and introduces, through various forms of analytics and worldwide distribution, information on equity market opportunities. CCM's equity indexes receive international attention and represent important new benchmarks of growth.

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

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