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

Alhambra Resources, Ltd.

May 13, 2008 14:31 ET

CCM Research Issues Technical Research Report on Alhambra Resources Ltd.

TORONTO, ONTARIO--(Marketwire - May 13, 2008) - CCM Research Chief Technical Analyst, Jason Suttmeier, has written a technical research report on Alhambra Resources Ltd.

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:

"Alhambra Resources Ltd. (ALH) is currently trading under the key 5- week modified moving average at 1.160..."

"My model shows monthly support at 0.789 with a key quarterly pivot at 1.059 and annual resistance at 1.508."

"Alhambra Resources Ltd. is now trading under the 200- week moving average at 1.194 with the 50- week moving average providing a nearby resistance level at 1.308."

A free copy of the report can be found at:
http://www.baystreet.ca/articles/research_reports/ccm_research/ALH_Technical%20Report_May%2013%2C%202008.pdf

CCM Research is a division of Cronus Capital Markets, Inc. Cronus Capital Markets, Inc., through its CCM Corporate Advisory 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, lack of credibility, and stagnant market capitalization.

Cronus Capital Markets® (CCM) is a leading capital market services firm providing services to investors, institutions, exchanges, and public companies. CCM's equity research, indexes, and ETFs receive international attention and represent important new sectors of growth.

CRONUS CAPITAL MARKETS, INC. IS THE SOLE SOURCE OF THIS PRESS RELEASE

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

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