Knight Resources Ltd.
TSX VENTURE : KNP
FRANKFURT : KRL

Knight Resources Ltd.

April 10, 2007 18:10 ET

Knight Resources Ltd.: $1.2 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 10, 2007) -

NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

David Patterson, Chairman of Knight Resources Ltd. (TSX VENTURE:KNP)(FRANKFURT:KRL), announces that the Company is undertaking a private placement to raise an aggregate of $1,200,000 (the "Financing").

The funds will be raised by the Company issuing a combination of flow-through units and non flow-through units. The flow-through units and the non flow-through units will both be priced at $0.30 per unit. Each flow-through unit will be comprised of one flow-through common share and one common share purchase warrant. Each share purchase warrant entitles the holder to acquire one additional non flow-through common share of the company for a period of two years, at a price of $0.40 per share in the first year and $0.60 in the second year. Each non flow-through unit will be comprised of one common share and one common share purchase warrant, entitling the holder to purchase one additional common share of the Company for a period of two years, at a price of $0.40 per share in the first year and $0.60 in the second year.

The Company will pay commissions and finder's fees in connection with the Financing.

The funds raised by way of the private placement will be used for exploration programs on the Company's West Raglan Project, located in northern Quebec and for general working capital.

The Financing is subject to TSX Venture Exchange approval.

ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD.

David Patterson, Chairman

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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