Sultan Minerals Inc.
TSX VENTURE : SUL
FRANKFURT : RZN

Sultan Minerals Inc.

January 29, 2008 09:30 ET

Sultan Minerals Confirms Copper Zone at Kena Gold Property, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 29, 2008) - Sultan Minerals Inc. (TSX VENTURE:SUL)(FRANKFURT:RZN) ("Sultan") is pleased to announce that it has now received encouraging soil geochemical and rock chip sample results from the Kena Copper Zone on its Kena Property, located in southeast British Columbia.

Thirteen contiguous 2-metre rock chip samples taken from a short adit showed a 26-metre zone grading 0.51% copper. The best 2-metre chip sample assayed 1.65% copper and 530 ppb gold. During the course of chip sampling a number of grab samples were also collected from cross-cutting quartz veins and mineralized shears. These quartz veins assayed as high as 4.62% copper and 1,033 ppb gold (see table).

The sampling program was carried out in August and September of 2007. Soil samples were taken as a due diligence test within a large (2,500 m by 450 m) copper soil anomaly discovered by previous operators. The soil lines were put in at 200 metre intervals between the historic soil lines which were also spaced 200 metres apart. Rock chip samples were collected from two historic adits located centrally within the Kena Copper Zone. No historical records have been found describing these adits.



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SAMPLE WIDTH COPPER GOLD
NO. DESCRIPTION (m) (%) (ppb)
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KCU-1-G30 Adit 1 - grab shear 2.26 723
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KCU-1-G34 Adit 1 - grabquartz vein 4.62 1033
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KCU-2-GA Adit 2- grabquartz vein 0.57 153
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KCU-2-GB Adit 2 - grabquartz vein 0.63 219
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KCU-2-G28 Adit 2 - grabquartz vein 2.79 1007
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KCU-2 8-34 Adit 2 - Contiguous chip samples 26.0 0.51 178
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KCU-2 8-10 Adit 2 - chip 2.0 0.61 231
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KCU-2 10-12 Adit 2 - chip 2.0 1.16 216
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KCU-2 12-14 Adit 2 - chip 2.0 0.21 82
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KCU-2 14-16 Adit 2 - chip 2.0 0.44 124
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KCU-2 16-18 Adit 2 - chip 2.0 0.25 116
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KCU-2 18-20 Adit 2 - chip 2.0 0.10 73
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KCU-2 20-22 Adit 2 - chip 2.0 0.08 47
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KCU-2 22-24 Adit 2 - chip 2.0 0.10 69
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KCU-2 24-26 Adit 2 - chip 2.0 0.40 237
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KCU-2 26-28 Adit 2 - chip 2.0 1.65 530
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KCU-2 28-30 Adit 2 - chip 2.0 1.14 295
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KCU-2 30-32 Adit 2 - chip 2.0 0.26 112
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KCU-2 32-34 Adit 2 - chip 2.0 0.26 182
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KCU-2 8-34 Adit 2 - Contiguous chip samples Total 26.0 0.51 178
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The Kena Copper Zone consists of a body of alkalic porphyry style copper-gold mineralization. It is situated along the border of a large monzodiorite complex. Chalcopyrite and pyrite occur as disseminations, fracture fillings and in quartz veinlets within the intrusive rocks, and as weaker disseminations and fracture fillings in adjacent tuffaceous rocks. The copper mineralization commonly includes malachite. The area has been variably silicified by quartz veins that both cross and follow the foliation. They vary from weak to strong and occur as narrow fracture fillings, weak stockworks or rarely thick veins up to 0.5 metres wide which often contain pyrite and chalcopyrite. The nature of the veining combined with results from analytic data appear to reflect more than one period of emplacement.

The Kena Copper Zone was initially identified in the 1970s with work programs carried out in the 1970s and 1980s by a number of exploration companies including Lacana, Tournigan, Kerr Addison and Noramco. Soil sampling (results of which have now been confirmed by Sultan) identified a large, strong copper geochemical anomaly with associated gold values. This soil anomaly has dimensions of 2,500 metres in length by an average of 450 metres wide as outlined by the 300 ppm copper contour. Within the anomaly there are numerous soil samples assaying between 1,000 and 5,000 ppm copper. Accompanying the copper soil geochemistry anomaly is an associated, partially overlapping, strong cohesive gold geochemical anomaly with dimensions of 1,200 by 200 metres. There are also several smaller gold geochemical anomalies scattered throughout the entire copper anomaly.

Prior work programs included limited trenching and seven wide-spaced diamond drill holes near the north end of the 2.5 kilometre long copper soil anomaly. Results showed broad zones of elevated copper values with an associated gold signature. Typical examples include chip samples collected along the entire length of an 82.0 metre adit, grading 0.16% copper (Lacanex in 1975). A nearby drill hole yielded 0.18% copper over 45 metres (Kerr Addison in 1981). Another drill hole about one kilometre to the northwest yielded 0.27% copper over 51 metres (Kerr Addision in 1981), and a nearby 21-metre trench sample yielded 0.53% copper (Quintana in 1977).

The 8,000-hectare Kena Property also encompasses the Gold Mountain and Kena Gold Zones, which host porphyry style gold deposits. The two zones have a measured and indicated resource of 24,860,000 tonnes containing 541,000 ounces of gold at an average grade of 0.68 g/t using a 0.3 g/t cut-off grade for gold. There is an additional inferred resource of 25,800,000 tonnes containing 557,000 ounces of gold at the same grade (see News Release of June 7, 2004).



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Tonnes
greater than Ounces Grade Au Cutoff Au
Category cutoff Au (g/t) (g/t)
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Measured and
Indicated 24,860,000 541,000 0.68 0.30
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Inferred 25,800,000 557,000 0.67 0.30
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Sultan is presently awaiting assays from a 548-metre (1,800 foot) diamond drill hole completed on the Gold Mountain Zone in November 2007. The objective of the hole is to expand the Gold Mountain gold resource by drilling to depth.

Due to the success of this recent copper exploration program an expanded work program is planned for the Kena property in 2008. Plans for the program will be finalized when the results of the Gold Mountain drill program become available.

Linda Dandy, P.Geo., is the project supervisor and "Qualified Person" for the purpose of National Instrument 43-101, who has reviewed and verified the contents of this news release.

Arthur G. Troup, P. Eng., Geological, President and CEO

This release was prepared by Sultan management and no regulator authority has approved or disapproved the information contained herein.

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's filings that are available at www.sedar.com or the Company's website at www.sultanminerals.com.

SEC 12g3-2(b): 82-4741

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

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