Nilam Resources Inc.
OTC Bulletin Board : NILR

March 19, 2008 09:30 ET

Gold Price at Approx $1000 USD/oz Confirms Nilam Resources Revenue Projections

TORONTO, ONTARIO--(Marketwire - March 19, 2008) - Nilam Resources Inc. (OTCBB:NILR)(FRANKFURT:3NL) previously announced future revenues of over $91,000,000 based on a gold price of $1000 USD/ounce. This is linked to our expansion plan to bring the Pativilca mine to a production of 500 tons per day. When reaching this objective at the mine, Nilam Resources revenues will be over $91,000,000 USD. Nilam Resources is very optimistic that the steady boost in the price of gold will result in increased revenues of more than $91,000,000 USD as the price of gold keeps rising. With continued inflation and gold as a safe harbor during these times, Nilam Resources foresees a very bright future.

Even if gold remains at its current price, Nilam's management is confident that the Company will generate gross revenues of no less than $91,000,000 million USD. However, since the price of gold is predicted to increase, Nilam's revenues will be correspondingly higher.

Len DeMelt states, Nilam has reached a significant milestone, and we're very excited about the prospects for the next two years, with the current price of gold our revenues will be considerable."

About Nilam Resources Inc.

Nilam Resources Inc. was established to focus on Peru's fast growing precious and base metals reserves, to become one of Peru's important foreign metal producers. Nilam Resources is a gold production company that is actively seeking more properties for its land portfolio in Peru and other countries in South America. Nilam Resources plans on becoming a major production company through acquiring additional producing mines and a series of joint ventures on high potential mining properties. The company counts on experimented professional resource having long standing relationships with Peru. This expertise coupled with their network of contacts allows the company to see some of the most sought after properties in the country along with a right of first refusal on exceptional projects.

Safe Harbour Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

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