White Knight Resources Ltd.

White Knight Resources Ltd.

April 10, 2006 13:27 ET

White Knight Updates Resource Estimate on Gold Pick

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 10, 2006) - White Knight Resources Ltd. (the "Company") (TSX VENTURE:WKR) announces an independent indicated resource estimate on its 100% owned Gold Pick property located in Eureka County, Nevada. The review, conducted by Mine Development Associates ("MDA") of Reno, Nevada, verified an Indicated Resource of 320,900 oz gold (7,874,000 tons grading 0.041 oz/ton gold) in the Gold Pick and Gold Ridge North deposits.

Nominal spacing of drill holes is 100 feet with some infill drilling down to 50 feet. The estimation method used was oriented polygonal using 75 foot x 50 foot x 9 foot blocks. Block gold grades were estimated by a nearest neighbour procedure using a 142 foot search in two dimensions.

Between August and September 2005, the Company drilled 10 reverse circulation holes targeting extensions to the Gold Pick deposit. Although a number of elevated intervals were reported at considerable step-out distances from the Gold Pick deposit, those results have yet to be incorporated into the current resource.

The Gold Pick land holdings comprise a portion of the former producing assets of Atlas Precious Metals Inc. within the Gold Bar Mine District. The Gold Pick property produced approximately 97,000 ounces of gold from 1.4 million tons mined at the Gold Pick and Gold Ridge deposits from 1989 to 1994. Although much of this material was demonstrated to be heap leachable, better recoveries were achieved by processing the ore at the Gold Bar mill located 10 miles to the west.

The Gold Pick and Gold Ridge deposits are Carlin-type deposits hosted within thin-bedded silty limestones of the lower-plate. After the cessation of mining in 1994, a resource estimate was produced by Don Tschabrun, Mining Engineer, August 1994 (the "Tschabrun Estimate") and audited by Mine Reserve Associates of Tucson, Arizona. To bring this estimate in compliance with NI 43-101 standards, the Company contracted MDA to perform a resource audit consisting of a rigorous check of the data used in the estimate and an assessment of the data integrity. Considerable comfort was gained from the fact that those involved in the resource estimates had the benefit of Atlas' experience and knowledge gained from mining a portion of the deposits that have been estimated.

MDA has concluded that the Tschabrun Estimate for Gold Pick and Gold Ridge North are equivalent to Indicated Resources based upon the high density of drilling and degree of confidence in the data base. Atlas drillholes used to calculate this estimate total more than 1200 RC and seven core holes.

The following table summarizes the audited Indicated Resource (after
Tschabrun Estimate):

Gold Pick Deposit
Cutoff Grade Ounces
Mineralization Grade Tons Oz Au
Type Oz Au/t 000's Au/t 000's
Oxide 0.01 4,738 0.039 184.8
Carbonaceous 0.01 1,954 0.049 95.7
Totals 0.01 6,692 0.042 280.5

Gold Ridge North Deposit Totals
Grade Ounces Grade Ounces
Mineralization Tons Oz Au Tons Oz Au
Type 000's Au/t 000's 000's Au/t 000's
Oxide 1,108 0.034 37.7 5,846 0.038 222.5
Carbonaceous 74 0.037 2.7 2,028 0.049 98.4
Totals 1,182 0.034 40.4 7,874 0.041 320.9

Details of the audit and additional technical information on the Gold Pick property are contained in a 43-101 Technical Report completed by MDA which can be viewed at www.sedar.com. The Qualified Persons commissioned by MDA were Neil Prenn, Registered Professional Mining Engineer, and Peter Ronning, Professional Engineer, who conducted the site visit.

This news release was reviewed and the contents have been verified by John M. Leask, P.Eng., Director of the Company and a Qualified Person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About White Knight Resources Ltd.

White Knight is an exploration company active in finding and exploring mineral prospects. The Company has been exploring Nevada since 1993 and currently controls the second largest land holding in the Cortez Trend. Its property portfolio includes 18 properties (over 60,000 acres), sixteen of which are located in the Cortez Trend. A drill program of 70,000+ feet was completed in 2005 and the Company anticipates a similar program for 2006.

On behalf of the Board of Directors,

John M. Leask, P.Eng., Chairman of the Board

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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