Sultan Minerals Inc.
TSX VENTURE : SUL
FRANKFURT : RZN

Sultan Minerals Inc.

November 18, 2008 09:00 ET

Sultan Minerals Expands East Emerald Tungsten Zone at Jersey-Emerald Property, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2008) - Sultan Minerals Inc. (TSX VENTURE:SUL)(FRANKFURT:RZN) ("Sultan" or "The Company") is pleased to report assay results for 13 diamond drill holes, ES08-02 through ES08-14, on its 100% owned Jersey-Emerald tungsten-molybdenum property in southern British Columbia. The 13 holes explored the East Emerald Tungsten zone, a sizeable body of low-grade, bulk tonnage, tungsten mineralization discovered by drilling in 2006 and 2007 (see News Releases of Jan. 17, 2007 and April 15, 2008). Results are very favourable. The holes confirm continuity between the previous wide spaced drill holes and show extensions of the mineralization to the north and west.

The most striking tungsten intersections were obtained from Hole ES08-13 which carried 0.24% WO3 over a core length of 105.4 feet and Hole ES08-07 which carried 0.46% WO3 over a core length of 17.4 feet. Significant intersections from holes ES08-02 through ES08-14 are given in the following table:



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DRILL-
HOLE GRID GRID AZMTH FROM TO WIDTH WO3 MoS2
NUMBER North East /DIP (feet) (feet) (feet) (%) (%)
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ES08-02 9543 7990 115/-45 341.00 372.50 31.50 0.07
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and 392.90 394.40 1.50 0.20
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and 394.40 402.80 8.40 0.11
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and 498.80 503.15 4.35 0.64 0.16
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and 646.00 661.30 15.30 0.10
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ES08-03 10122 8756 295/-56 182.70 194.30 11.60 0.08
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and 412.70 420.90 8.20 0.13
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and 454.50 463.25 8.75 0.17 0.06
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Including 454.50 458.90 4.40 0.30 0.09
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ES08-04 9982 8520 115/-80 69.90 78.00 8.10 0.10
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and 586.60 598.70 12.10 0.10
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Including 586.60 589.60 3.00 0.23
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ES08-05 9985 8525 295/-45 164.50 166.00 1.50 0.21
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and 292.60 330.10 37.50 0.13 0.04
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Including 292.60 311.90 19.30 0.17 0.08
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Including 299.50 306.90 7.40 0.16 0.17
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Including 326.20 330.10 3.90 0.37
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ES08-06 9865 8250 115/-80 221.90 259.50 37.60 0.15 0.02
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Including 238.20 250.70 12.50 0.31 0.05
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Including 238.20 241.20 3.00 0.48
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and 382.15 391.90 9.75 0.14 0.03
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ES08-07 9865 8250 115/-60 196.10 201.60 5.50 0.15
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and 247.10 264.50 17.40 0.46
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Including 247.10 251.80 4.70 0.52
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and 316.60 320.50 3.90 0.05 0.12
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and 707.60 738.00 30.40 0.09 0.05
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Including 723.60 725.30 1.70 0.16 0.81
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ES08-08 9658 8062 290/-70 152.90 183.00 30.10 0.10
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Including 152.90 157.50 4.60 0.19
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Including 166.65 172.00 5.35 0.21
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and 222.00 229.45 7.45 0.51 0.25
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Including 226.70 229.45 2.75 1.10 0.67
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ES08-09 9425 7952 0/-90 126.80 178.10 51.30 0.16
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Including 126.80 146.60 19.80 0.29
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Including 126.80 131.35 4.55 0.63
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and 219.00 222.20 3.20 0.09 0.23
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and 241.70 244.00 2.30 0.38
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and 259.60 277.40 17.80 0.09
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and 277.40 284.00 6.60 0.13
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ES08-10 9718 7903 290/-60 34.05 44.10 10.05 0.22
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and 56.30 60.50 4.20 0.07
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ES08-11 9465 7775 0/-90 6.80 76.90 70.10 0.10
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Including 29.00 37.80 8.80 0.22
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ES08-12 9465 7775 285/-50 9.00 16.60 7.60 0.07
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Including 9.00 10.60 1.60 0.12
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and 16.60 20.50 3.90 0.07
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ES08-13 9230 7710 0/-90 13.20 118.60 105.40 0.24
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Including 36.20 46.30 10.10 0.39
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Including 78.90 113.30 34.40 0.33
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Including 99.10 113.30 14.20 0.48
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ES08-14 9000 7635 0/-90 11.30 28.20 16.90 0.11
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Including 19.40 23.50 4.10 0.14
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Note 1: All dimensions and core lengths are recorded in feet in order
that results are compatible with the historic mine grid and the
existing database of 5,600 drill holes. Convert feet to metres by
multiplying by 0.304.
Note 2: Intersection angles vary from 15 degrees to 90 degrees suggesting
that the true width of the mineralized horizons range from 25% to
95% of the intersection widths.


Sultan has now intersected the East Emerald Tungsten zone in 39 drill holes that confirm the continuation of the tungsten mineralization over a length of 3,300 feet (1,000 metres) and a width of 700 feet (200 metres) (see News Release of April 29, 2008). The drill results continue to show multiple horizons of 0.25% to 0.60% tungsten mineralization contained within wide zones of lower grade mineralization averaging 0.10 to 0.25% WO3. Many of these holes carry significant molybdenum (MoS2) concentrations within the same horizons as the tungsten. The mineralization remains open to the north, south and west.

Sultan has four additional surface drill holes planned for the current round of drilling and is completing a program of trenching and surface prospecting over the south end of the Jersey-Emerald property. Results for an updated tungsten resource estimate being carried out by Giroux Consultants are expected to be available shortly. The price of tungsten has remained relatively stable at $250/MTU for APT concentrate (as of Oct. 31, Metals Bulletin).

With more than $2,000,000 in working capital in the treasury Sultan is well positioned to complete the work programs planned for its projects.

Mr. Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, BC, is Sultan's project supervisor and "Qualified Person" as defined by NI 43-101, "Standards of Disclosure for Mineral Projects". Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines for Placer-Dome, oversees the on-going diamond drilling programs.

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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