CCM Research Issues Initial Report on Alhambra Resources, Ltd.

(EMAILWIRE.COM, May 31, 2007 ) New York, NY -- CCM Research analyst, Mohammad Sharifzadeh, PhD, CFA, has written an initiating report on Alhambra Resources, Ltd. Alhambra Resources (TSX-V: ALH) is a Canadian based gold exploration and production company. Since 2002, the Corporation has focused its activities mainly on exploration and exploitation of gold from its 100% owned Uzboy Project. Alhambra is now in its sixth year of operations in the Republic of Kazakhstan and conducts mining operations and exploration on a 12 month basis.In the report the analyst states that “We believe Alhambra’s presence and experience in Kazakhstan is the key competitive advantage of the Company in the exploration and mining industry.”The analyst continues to state that “With the potentials outlined, no debts, and experienced management committed to maximize shareholders’ value with minimum dilution we think investment in Alhambra’s common shares has high potentials for investors with long time horizon who can tolerate the risks.” A free copy of the report can be found at www.ccmopportunitybase.com. CCM Research subscribes to the “Standards for Independent Research Providers” and the principles contained in the Analyst/Corporate Issuer Guidelines jointly promulgated by the CFA Institute and the National Investor Relations Institute, described at: http://www.cfainstitute.org and http://www.niri.org. CCM Research, is a division of Cronus Capital Markets, Inc. Cronus Capital Markets, Inc., through its CCM Consulting division, entered into a one year $40,000.00 contract with the Company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies; such as share illiquidity and stagnant market presence.Cronus Capital Markets (CCM) is a global investment information firm who strategically produces and introduces, through various forms of analytics and worldwide distribution, information on equity market opportunities. CCM’s equity indexes receive international attention and represent important new benchmarks of growth.The TSX Venture Exchange has neither approved nor disapproved the contents of the press release.Contact:Cronus Capital Markets (CCM)Dianne RudderhamTel: 416-368-3700###This press release was issued through Groupweb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.

Dianne Rudderham

rudderham@cronuscapitalmarkets.com