CCM Research Issues Update Report on Alhambra Resources, Ltd.

(EMAILWIRE.COM, July 04, 2007 ) New York, NY -- CCM Research analyst, Mohammad Sharifzadeh, Ph.D., CFA, has written an update report on Alhambra Resources, Ltd. Alhambra Resources, Ltd. (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 “Alhambra has been producing gold since 2004 and is generating revenues and positive operating cash flows from mining operations.”The analyst continues to state that “The geology and structural setting of the (Uzboy) Project and the recently announced gold discoveries by Alhambra indicate potential to discover large mineral deposits outside of the area of the Uzboy gold deposit.”Regarding expansion the analyst notes, “the recently announced independent resource estimate and reserve statement, suggest that plans for expansion and growth of mining operations may be justified. Just in the first five months of commercial operations from May 1, 2006 to September 30, 2006 Alhambra sold 6,917 oz of gold and 2,093 oz of silver and generated over C$4.8 million revenues and C$363,221 operating cash flows.” A free copy of the report can be found at www.ccmopportunitybase.com. CCM Research, a division of Cronus Capital Markets, Inc. 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. 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, including 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.SOURCE: Cronus Capital MarketsDianne RudderhamProgram DirectorT: 416-368-3700 ext 223E: Rudderham@cronuscapitalmarkets.com###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