Knight Resources Ltd.

Knight Resources Ltd.

May 20, 2008 09:01 ET

Knight Resources Ltd.: $8 Million 2008 Program Planned at West Raglan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 20, 2008) - Harvey Keats, Chief Executive Officer of Knight Resources Ltd. (TSX VENTURE:KNP)(FRANKFURT:KRL), reports that the Company will be undertaking an $8 million 2008 exploration program on its West Raglan Project, located in northern Quebec. The 2008 budget has been increased from $4.5 million in 2007 and the program is expected to include approximately 12,000 metres of drilling. The exploration program is being funded by Knight (49%) and its joint venture partner and project operator, Anglo American Exploration (Canada) Ltd. ("AAEC") (51%). Drilling, which will be carried out with three rigs, is expected to begin mid-June and run until the end of September.

The program will focus on the Greater Frontier Area that is defined by 4.5 kilometres of mineralized ultramafic rocks occurring along the Raglan Horizon. Drilling is designed to follow up several known mineralized zones as well as to discover new mineralized zones. Mineralization discovered to date and the geological setting are both similar to Xstrata Nickel's Raglan Mine, located approximately 100 km to the east. Additional exploration work will focus on the Beverley and CDC areas. Beverley is a 15 kilometre trend of ultramafic rocks that occur on the Raglan Horizon and CDC is an 8 kilometre cluster of ultramafic rocks, also on the Raglan Horizon. Both areas are located east of the Greater Frontier Area.

The West Raglan Project has been explored by Knight and AAEC since 2003 and to date 24,548 metres in 147 holes have been drilled. The West Raglan Project covers over 710 sq. km and includes approximately 65 kilometres of the Raglan Horizon along which extensive ultramafic rocks typically occur. The best results to date have been encountered in the Greater Frontier Area, however there has only been limited drilling on the remainder of the strike length of the Raglan Horizon.


Harvey Keats, Chief Executive Officer

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