Khan Resources Inc.

Khan Resources Inc.

November 20, 2006 09:28 ET

Khan Resources Announces Drilling Program at the Dornod Uranium Project in Mongolia

TORONTO, ONTARIO--(CCNMatthews - Nov. 20, 2006) -


Khan Resources Inc. (TSX:KRI) is pleased to announce that it is conducting a diamond drilling program at the Dornod uranium project in north eastern Mongolia.

The drilling program consists of a minimum of 6 diamond drill holes with a total of approximately 1600 metres of core, and is designed to:

- Investigate the extensions of mineralized areas that were not followed-up by the previous Russian operators

- Verify lower grade pods in outlying areas, and

- Check the possible extension of known areas adjacent to the defined indicated resource.

Martin Quick, the President & CEO of Khan, commented that "this early winter drill program is designed to test the possible extension of known mineralization, and is the first stage of an extensive drilling program that will resume in the spring to continue developing the resources on the property". This first part of the program will be completed before the onset of winter conditions.

The total indicated resource of the deposit currently stands at 16.5 million tonnes at an average grade of 0.152% U3O8 or 55.4 million lbs U3O8 using a cut-off grade of 0.047% U3O8, of which Khan owns 38.5 million lbs U3O8 or 69.5% of the total indicated resource. (For further details see earlier release dated November 1, 2006).

This press release may contain forward-looking statements, which are subject to certain risks, uncertainties and assumptions. A number of factors could cause actual results to differ materially from the results discussed in such statements, and there is no assurance that actual results will be consistent with them. Such forward-looking statements are made as at the date of this news release, and the company assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.

Qualified Persons:

John Kita B.A.Sc., P. Eng., Chief Geologist, Khan Resources Inc., and Hrayr Agnerian M.Sc.,P. Geo., Consulting Geologist at Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA), are the qualified persons on the project and supervised the preparation of the technical information in this release.

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 Resources' shares are traded on the TSX under the symbol KRI.

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