Alhambra Resources Ltd.

Alhambra Resources Ltd.

August 14, 2007 15:22 ET

CORRECTION FROM SOURCE: CCM Research Issues Technical Research Report on Alhambra Resources, Ltd.

TORONTO, ONTARIO--(Marketwire - Aug. 14, 2007) -

A correction from source is issued with respect to the release sent out on August 14, 10:33 am ET. The correct release follows:

CCM Research Chief Technical Analyst, Jason Suttmeier, has written a technical research report on Alhambra Resources, Ltd.

Alhambra Resources, Ltd. (TSX VENTURE:ALH) is a Canadian based international exploration and gold production company celebrating its sixth year of operations in the Republic of Kazakhstan. Alhambra is exploring its 2.7 million acre property in a prolific gold belt which currently hosts numerous world-class gold deposits. In May 2006, Alhambra declared commercial operations at its Uzboy mine located in north central Kazakhstan.

In the report the analyst states, "The weekly cycle shifted on the June 29th positive weekly close and remains positive on weekly closes above the 5- week modified moving average at 1.481. We are currently trading within a range between 1.20 and 1.60. I show a weekly resistance at 1.654. A break above 1.654 puts the focus on potential strength to semiannual resistance at 1.834. The monthly cycle will shift to a positive on a monthly close in August above the 5- month modified moving average at 1.541. " A free copy of the report can be found at:

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: and

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 that 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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