Khan Resources Inc.
TSX : KRI

Khan Resources Inc.

August 17, 2007 09:56 ET

Khan Receives Notice Regarding Special Exploration License

TORONTO, ONTARIO--(Marketwire - Aug. 17, 2007) - Khan Resources Inc. (TSX:KRI) announces that it has received a notice from the Mineral Resources Authority of Mongolia (the "Minerals Authority") advising that the Minerals Authority has determined that the decision to issue Khan's special exploration license 9282X in respect of the property referred to as the Additional Dornod Property is considered invalid. The company understands that a number of other uranium exploration licenses have been similarly declared invalid. Khan is working closely with its counsel to assess the implications of the notice from the Minerals Authority and the company's legal rights. The company intends to vigorously oppose this determination.

This determination does not affect the existing mining license in respect of the property referred to as the Main Dornod Property. Khan indirectly holds a 58% interest in the Main Dornod Property.

About KHAN:

Khan is a Canadian exploration and development company. Its current activities are focused on the Dornod area in north eastern Mongolia, the site of a former Russian open-pit uranium mine. Khan is listed on the Toronto exchange under the symbol KRI.

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