Nilam Resources Inc.
OTC Bulletin Board : NILR

March 26, 2008 09:02 ET

Nilam Resources Inc. Currently Negotiating Additional Major Acquisition that Exceeds One Billion Dollars USD in Gross Revenue

TORONTO, ONTARIO--(Marketwire - March 26, 2008) - Nilam Resources (OTCBB:NILR)(FRANKFURT:3NL) is pleased to announce that it currently in negotiations for its most recent acquisition. Nilam is very pleased with its current operations but has recently had a great opportunity to acquire additional promising properties to add to its portfolio. The companies long standing relationships within Peru has allowed the company many opportunities to some of the most sought after properties in the country which allows Nilam Resources Inc. first right of refusal on excellent projects. The company would like to add the most exceptional properties which are significant assets for Nilam that will increase shareholder value considerably.

Property stats include

Asset would exceed $1 Billion USD Gross Value

A disseminated Gold and Silver project located in the south part of Peru which has a geological resource totaling 1 million ounces of gold with great infrastructures and 60% of the project is unexplored. At actual gold price this represents a US$ 1 billion gross value.

A skarn copper project which have returned impressive surface, underground and drilling values. Only four holes have been drilled, two have proved the target and one returned an impressive value of 8% Cu over 18 m which undercut sampling in a short tunnel which yielded at 6% Cu. At current copper price this is approx 520$ per ton over mineable open pit type deposit. The zone is 900 long 20-30 m wide and may be wider at low grade. Open in all directions.

Alain Vachon states "We are very pleased with our current projects and look forward to ongoing growth. 'Nilams' goal is to become a major mining company in Peru which will happen through joint ventures and ongoing acquisitions to add to our portfolio."

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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