Sultan Minerals Inc.
TSX VENTURE : SUL
FRANKFURT : RZN

Sultan Minerals Inc.

February 27, 2007 09:30 ET

Sultan Minerals Resumes Drilling to Expand Jersey Emerald Resource

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 27, 2007) - Sultan Minerals Inc. (TSX VENTURE:SUL)(FRANKFURT:RZN) ("Sultan" or the "Company") is pleased to report that the planned 2007 underground drilling program has begun at its Jersey-Emerald Property near Salmo, B.C. The program, comprised of up to 14,000 feet (4,200 metres) of NQ-2 diamond drilling, is designed to expand the tungsten and molybdenum zones reported in the 43-101 compliant, Initial Resource Estimate on November 8, 2006. Drilling is being carried out from the historic Jersey Lead-Zinc Mine workings in order to penetrate and delineate the underlying tungsten and molybdenum bearing horizons.

The Jersey-Emerald property is host to the historic Jersey Lead-Zinc Mine, British Columbia's second largest lead-zinc producer and the former Emerald Tungsten Mine, Canada's second largest tungsten mine. Both mines were closed in 1973 due to low commodity prices. The initial resource evaluation released in November 2006 shows there is a remaining drilled out tungsten resource that compares favourably with the published reserves of the western world's three largest tungsten mines.

The report shows that at a cut-off grade of 0.15% WO3 there remains a measured plus indicated tungsten resource of 2,510,000 tons averaging 0.37% WO3 with an additional inferred resource of 1,210,000 tons averaging 0.40% WO3. The resource evaluation also reported an inferred resource of 481,000 tons averaging 0.103% Mo in the recently discovered Dodger Molybdenum zone. The study shows that both the tungsten and molybdenum resources may be significantly expanded with additional diamond drilling in both the historically mined areas and the surrounding terrain.

Sultan's geologists are presently reviewing the historic lead-zinc records for the Jersey mine. This study is expected to lead to a three-dimensional model of the workings in preparation for a lead-zinc resource estimate. Lead-zinc production commenced in 1906 and over the mine's life 8.4 million tons grading 1.95% lead and 3.83% zinc was produced from the Jersey and Emerald deposits. During the mining operation the cut-off grade varied from 3.50% to 4.00% lead-zinc and mineralization below this grade was left un-mined. There are believed to be extensive deposits of marginal grade lead-zinc mineralization remaining within the limits of the historically mined areas. There is also significant potential for higher grade lead-zinc mineralization in the surrounding terrain.

Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines, is managing the exploration drill program. Perry Grunenberg, P.Geo., of PBG Geoscience of Kamloops, B.C., is Sultan's project supervisor and "Qualified Person" for the purpose of National Instrument 43-101, "Standards of Disclosure for Mineral Projects".

Wardrop Engineering Inc. ("Wardrop") is presently undertaking a Scoping Study on the tungsten mineralization. The study will provide a conceptual mine design, determine the potential for underground mining and deliver process design criteria. Wardrop's Project Manager and Environmental Engineer are presently in Salmo for a site inspection and an environmental review. The Scoping Study is expected to be completed in April 2007.

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

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

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

No regulatory authority has approved or disapproved the information contained in this news release.

Contact Information