Dhanoa Minerals Ltd.
OTC Bulletin Board : DHNA

Dhanoa Minerals Ltd.

April 03, 2007 16:00 ET

Dhanoa Minerals Successfully Fullfilling Financial and Operational Obligations

TORONTO, ONTARIO--(CCNMatthews - April 3, 2007) - Dhanoa Minerals Ltd. (OTCBB:DHNA)(FRANKFURT:D7Z) is very pleased to announce that it has fulfilled all cash obligations to date as set out in the business plan. Dhanoa is very near to acquiring the full 80% interest in the three mining operations by fulfilling all cash payments and the issuance of stock to Overseas Mining, S.A.. Dhanoa over the last 6 months has raised 5 million dollars for the daily operations and upgrades for its mines. Dhanoa still must pay Overseas $1.3 million for the second installment of the purchase price which is due before June 15 of this year. After this payment is made it will have achieved all its cash obligations and will have acquired its 80% interest. Once paid, Dhanoa's interest in the operations and mineral properties will be completely unencumbered.

Moneys raised will finance the on-going major underground mine expansion, the development of an open pit operation of consequence and the initiation of a broad exploration program to increase gold resources.

Dhanoa has an agreement to acquire a new centralized processing facility, the "Spanish Plant". Once this facility is acquired, the Company will be able to capture significant cost reductions in addition to the ability to manage the planned expansion. Further, the Company will have the capability to create an additional revenue sources through treatment of other miners' gold ores.

With full funding and all activities and operations proceeding as planned, a total gold output could surpass 40,000 ounces annually generating impressive cash flow.

About Dhanoa Minerals Ltd.

'Dhanoa' is a production stage company formed for the purpose of acquiring, exploring, and developing natural resource properties. Activities during the production and exploration stage include further development of the Company's business plan and raising capital. The Company has recently initiated a new program to evaluate undervalued assets for potential addition to its mineral claim portfolio.

Forward Looking Statements

Statements contained in this news release that are not historical facts are forward looking statements that involve risks and uncertainties. Actual results may differ materially from any forward looking statements due to many risk factors which include, but are not limited to, no operating history and no earnings, reliance on the Company's management team, the ability to successfully implement the Company's business plan, the ability to fund the Company's business strategy, competition and general economic conditions. Reference is made to our filings made with the United States Securities and Exchange Commission.

This news release is not intended for Canadian Investors.

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