Sultan Minerals Inc.
TSX VENTURE : SUL
FRANKFURT : RZN

Sultan Minerals Inc.

February 27, 2008 08:30 ET

Sultan Minerals Drills 430.0 Metres (1,428 ft) of Gold Mineralization on Its Kena Gold Property, British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2008) - Sultan Minerals Inc. (TSX VENTURE:SUL)(FRANKFURT:RZN) ("Sultan") is pleased to report final gold assays for a deep drill hole completed in December on its 100%-owned, 8,000 hectare, Kena Gold Property in British Columbia. This drill hole, located centrally in the Gold Mountain Zone of the Kena Property, confirms that gold mineralization extends from surface to a hole depth of 435.33 metres (1,428 feet), well below any previous drill intersections.

From bedrock surface to a depth of 435.33 metres, diamond drill hole GM07-01 assays 0.50 g/t gold over a core length of 430.0 metres (1,428 feet). Of particular interest is a 101.27 metre section that averages 0.84 g/t gold from 230.73 to 332.00 metres. This intersection occurs below the level of previous drilling on this target. The hole also contained several higher grade sections including 10.99 g/t gold over 4.0 metres, 9.10 g/t gold over 1.27 metres and 11.26 g/t gold over 2.0 metres (see table below).



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DRILL FROM TO WIDTH Au
HOLE (m) (m) (m) (g/t)
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GM07-1 4.53 435.33 430.00 0.50
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Including 230.73 332.00 101.27 0.84
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Including 230.73 302.73 70.00 0.93
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Including 230.73 234.73 4.00 10.99
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and 68.73 70.73 2.00 7.04
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and 128.27 129.27 1.00 5.65
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and 320.73 332.00 1.27 9.10
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and 423.33 425.33 2.00 11.26
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Hole GM07-01 was collared at 10+60N and 2+65E and drilled at a dip of -70 degrees and azimuth 220 degrees. The hole is located approximately 40 metres south of the Gold Mountain Zone Discovery hole 01GM-01 which intersected 106 metres (from 8 to 114 metre depth) that averaged 1.16 g/t gold. The following table shows gold results from a fence of diamond drill holes located adjacent to the collar of hole GM07-01. These prior drill holes show broad zones of shallow gold mineralization (see table below), which remain open to depth.



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DRILL FROM TO WIDTH GOLD
HOLE (m) (m) (m) (g/t)
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01GM-01 8.00 114.00 106.00 1.16
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01GM-02 6.00 125.00 119.00 1.00
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01GM-03 8.00 124.05 116.05 1.87
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01GM-04 18.00 134.00 116.00 1.01
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01GM-05 14.00 166.00 152.00 1.03
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01GM-08 24.00 210.00 186.00 1.01
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Results from this recent drilling program are consistent with previous results which demonstrate that the Gold Mountain Zone is host to bulk tonnage, porphyry style, gold mineralization containing narrower, very high-grade gold shoots. The hole cut classic, gold bearing, porphyry style mineralization to a hole depth of 457 metres (1,500 feet) where the hole intersected the unmineralized volcanics that form the east wall of the Gold Mountain Zone. The results suggest that the Gold Mountain Zone which was previously drilled to less than 240 metres depth may extend to much greater depths and be much larger than previously believed.

The focus of the present drill program is to expand the preliminary gold resource announced in the NI 43-101 report of June 2004. The report shows that the Gold Mountain and Kena Gold Zones have a measured and indicated resource of 24,860,000 tonnes containing 541,000 ounces of gold at an average grade of 0.66 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). The report states that the resource has potential for expansion with additional diamond drilling and recommends a $1.2 million exploration program.

Of particular interest to Sultan is a 7.0 kilometre long gold soil anomaly located near the north end of the property. The soil anomaly encompasses the Kena and Gold Mountain porphyry gold deposits and the Kena Porphyry Copper Zone (refer to Sultan's website maps at www.sultanminerals.com/s/KenaMaps.asp).

Sultan Minerals plans a trenching and drilling program to trace the mineralization to the south where the soil anomaly overlaps the Kena Porphyry Copper Zone (see News Release of January 29, 2008).

The Kena Gold Property is located 60 kilometres northeast of the historic Rossland Mining Camp, British Columbia's second largest gold camp. All aspects of the Company's project exploration program are supervised by Linda Dandy, P.Geo., a Qualified Person under National Instrument 43-101, "Standards of Disclosure for Mineral Projects". The program is being carried out in conjunction with the ongoing drilling program at the nearby Jersey-Emerald molybdenum, tungsten and lead-zinc property.

For further information on the Company's projects, visit www.sultanminerals.com.

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

This release was prepared by Sultan management and no regulatory 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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