Knight Resources Ltd.: 3.21% Nickel, 1.32% Copper Over 28.28 Metres Intersected at West Raglan

Mr. Harvey Keats, Chief Executive Officer of Knight Resources Ltd. (TSX
VENTURE:KNP)(FRANKFURT:KRL), reports drilling at the West Raglan Project in
northern Quebec has discovered high-grade nickel sulphides from two new
mineralized zones in the Greater Frontier Area. The results from the new 164
Zone and from a new occurrence of mineralization the vicinity of the original
Seahawk Zone were returned from the base of the "B" ultramafic unit that had not
previously yielded significant mineralization and is indicative of the potential
of this unit for future discoveries.




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                  Ultra-                Core
DDH               mafic               length
(Depth)   Area    Unit   From     To (metres) % Ni % Cu g/t Pt g/t Pd   % S
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WR-08-149 Century C    132.20 144.26   12.06  1.50 0.71   0.26   1.03  7.69
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including              132.20 136.73    4.53  3.01 1.21   0.53   2.13 15.35
---------------------------------------------------------------------------
WR-08-151 Seahawk B     56.70  65.50    8.80  4.73 1.16   0.84   3.24 24.18
---------------------------------------------------------------------------
WR-08-164 164     B    133.70 170.13   36.43  2.66 1.10   0.54   2.00  8.47
---------------------------------------------------------------------------
including              141.85 170.13   28.28  3.21 1.32   0.65   2.43 10.22
---------------------------------------------------------------------------



Drilling on the Company's West Raglan Project in 2008 program was focused on
targets in the Greater Frontier Area and 25 kilometres to the east on the
Beverly Trend. Both areas are located within the 60 kilometre strike length of
the Raglan Horizon that is present on the Knight - Anglo American Exploration
(Canada) Ltd. ("AAEC") Joint Venture property. A total of 28 drill holes were
completed in 2008 for a total of 8313.5 metres of drilling. All drill holes
completed in 2008 are reported herein with details provided in the attached
Table 1. Further information and technical diagrams can be found on the
Company's web site www.knightresources.ca.


Greater Frontier Area: 

The Greater Frontier Area is characterized by multiple ultramafic units that
occur over at least a 6 kilometre strike length along the "Raglan Horizon". To
date, nine mineralized zones consisting of nickel-bearing magmatic sulphides
hosted in ultramafic rock have been encountered in drilling. Multiple, near
vertically dipping, ultramafic bodies are present. Five ultramafic units can be
locally correlated on surface and in drilling and are designated units "A"
through "E". Stratigraphically, the uppermost of these ultramafic units is
designated ultramafic unit "A" and the lowermost ultramafic unit is designated
unit "E". Mineralization had been previously identified in units "C", "D" and
new the drill intercepts from the 2008 program demonstrate that significant
mineralization is also developed in unit "B". In all units, nickel-bearing
sulphide mineralization occurs as both individual lenses within embayment
structures at the base of the ultramafic units as well as sulphide
concentrations within their interiors. The style of mineralization and nickel
concentrations are similar to mineralization at Xstrata Nickel's Raglan Mine.


A total of 25 drill holes were completed in the Greater Frontier Area in 2008.
The descriptions of each drill hole are presented from east to west. All drill
holes were surveyed by down hole geophysics and anomalies were followed up on a
priority basis. The 2008 program has retuned numerous geological and geophysical
anomalies that warrant investigation in the future in addition to the
discoveries at the 164 and Seahawk B zones.


Frontier East Zone:

Two holes were completed in the vicinity of the Frontier East Zone. 

Drill Hole WR-08-155 was drilled 150 metres down-dip from WR-03-13 (2.32% Ni
over 8.42 metres) and intersected 1% blebby, disseminated and trace sulphides at
the basal contact of the "C" ultramafic unit between 289.5 and 323.0 metres.
This drill hole also intersected the upper portion of a thick ultramafic unit
(unit "D"?) over 150.8 metres, but did not test the basal contact. This
ultramafic occurs to the south of the "C" ultramafic unit and is poorly tested. 


Drill hole WR-08-154 was drilled 50 metres west of WR-08-155 to test the depth
extension of mineralization in drill hole WR-03-17 (2.85% Ni over 4.20 metres
and 3.88% Ni over 1.20 metres). This drill hole intersected trace to 1% blebby
sulphides at the basal contact of the "C" ultramafic unit, 45 metres down-dip
from WR-03-17.


BT Zone:
 
Drill hole WR-08-158 intersected 5% disseminated sulphides in ultramafic rock
from 162.0 to 170.0 metres. The correlation and designation of this ultramafic
is not clear at this time. This hole was drilled 25 metres down-dip from of
WR-05-98 (0.82% Ni over 8.15 metres and 1.75% Ni over 1.0 metres) that had
previously encountered blebby sulphides within the same ultramafic rock. 


Frontier Central Zone:
 
Four drill holes were completed in the area of the Frontier Central Zone.

Extensive sulphide mineralization consisting of disseminated, net-textured and
massive sulphides was intersected by drill hole WR-08-152 between 150.0 metres
and 174.6 metres at a vertical depth of 145 metres in the base of the "D"
ultramafic unit. Drill hole WR-08-162 was drilled 25 metres up-dip from
WR-08-152 and intersected 5% to 6% sulphide mineralization in the base of the
"D" ultramafic unit from 148.5 and 154.3 metres at a vertical depth from surface
of 135 metres. 

 
WR-08-147 was drilled 50 metres west of and up-dip from WR-08-152 and WR-08-166.
This drill hole intersected patchy sulphide mineralization varying between 1%
and 5% sulphides from 55.7 to 87.0 metres within the interpreted "C" ultramafic
unit at a vertical depth from surface of 50 metres. 


Drill hole WR-08-150 was drilled 75 metres west of WR-08-147 and tested the base
of the "C" ultramafic unit at a vertical depth of 65 metres. This drill hole
intersected 2% to 3% sulphides from 96.0 to 102.0 metres at the targeted
contact.


Seahawk Zone: 

A total of five drill holes were completed in the vicinity of the Seahawk zone. 

A single stratigraphic test of the ultramafic trend 300 metres to the east of
the Seahawk Zone was completed by WR-08-157 that was drilled 250 metres east of
WR-08-159 and WR-08-161 reported below. WR-08-157 intersected ultramafic rock
from 180.5m to 333.0m with no significant mineralization encountered. This
ultramafic is a separate unit and has not been designated as "A" through "E" at
this time. 


Two holes were drilled to follow up mineralization intersected by drill hole
WR-08-151 (see below) in the base of the "B" ultramafic unit. Drill holes
WR-08-159 and WR-08-161 were drilled 25 metres to the east of WR-08-151 and
tested this contact at a vertical depth of 40 and 100 metres from surface
respectively. WR-08-159 intersected 1%, trace to blebby sulphides from 21.0 to
41.5 metres and WR-08-161 intersected 1% sulphides (trace, patchy and in
fractures) from 42.0 to 104.9 metres. 


Drill hole WR-07-151 intersected a new occurrence of heavy disseminated,
net-textured and massive sulphides from 56.70 to 65.50 metres at 55 metres
vertical depth from surface in ultramafic rocks interpreted as the base of the
"B" ultramafic unit. This hole also intersected the base of unit "C" at a
vertical depth of 140 metres, returning between 1% to 3 % disseminated sulphides
25 metres east and 30 metres down-dip of WR-07-130 (3.22% Ni over 3.5 metres)
and 50 metres down-dip from WR-07-141 (4.54% Ni over 1.85 metres) also in the
base of the "C" ultramafic unit. WR-08-151 also intersected 410 metres of
ultramafic rock comprising the "D" ultramafic unit with thin layers of 5% to 6%
sulphides intersected close to the basal contact. 


Drill hole WR-08-163 undercut WR-08-151 by 25 metres and did not encounter
mineralization or the extension of the base of the "B" ultramafic, likely due to
faulting. This hole intersected weak mineralization in the base of the "C"
ultramafic unit. 


WR-08-148 was drilled to test the base of the "D" ultramafic down-dip from
mineralization in the original Seahawk Zone. The basal contact was
unmineralized, however the hole intersected mineralization in the interior of
the "D" ultramafic unit consisting of 1% to 3% blebby sulphides in ultramafics
between 235.5 and 245 metres and 1% to 5% disseminated sulphides between 246.0
and 248.7 metres. 


164 Zone

A poorly tested, 500 metre strike length of ultramafic rock between known
mineralization at the Frontier South Zone and the Seahawk Zone was the focus of
the drilling of seven drill holes on three drill sections to investigate this
area and the basal contacts of the "B", "C", and "D" ultramafic units. A new
zone of mineralization was discovered in WR-08-164 at the base of unit "B", as
described below, that correlates with the high-grade mineralization intersected
in WR-08-151 at the Seahawk Zone. 


WR-08-165 and WR-08-169 were drilled 100 metres west of Seahawk to test the "B"
and "C" ultramafic units to a vertical depth of 210 metres. Both holes
intersected the basal contact of both the "B" and "C" ultramafic units. The
distinction and correlation of these units in this area is somewhat ambiguous.
WR-08-165 intersected 2% to 3% blebby sulphides from 171.0 to 183.5 meters at
the basal contact of unit "B", 165 metres vertically below surface. The basal
"D" contact was intersected at 210 metres below surface with no significant
mineralization encountered. WR-08-169 encountered 3% to 5% blebby sulphides at
the "B" contact, 100 metres below surface, and 1% to 3% patchy sulphides at the
"C" contact, 140 metres vertically below surface.


WR-08-164 and WR-08-166 were drilled a further 100 metres west of WR-08-165 and
WR-08-169. WR-08-164 encountered substantial mineralization between 141.85 and
170.13 metres at a vertical depth of 120 metres that consisted of 20% to 25%
leopard-textured sulphides. Mineralization occurs in a previously unknown
embayment structure at the basal contact of the interpreted "B" ultramafic unit.
WR-08-166 was drilled 50 metres down-dip from WR-08-164 and did not intersect
the embayment structure at the same contact. Further drilling will be required
to follow up mineralization in this area.


WR-08-167, WR-08-170 and WR-08-173 were drilled 200 metres west of WR-08-164 and
150 metres east of the mineralized lenses in the Frontier South Zone. All three
holes intersected the basal contact of the interpreted unit "B" ultramafic.
WR-08-167 and WR-08-170 also tested base of the "C" ultramafic unit that was
unmineralized in both drill holes. WR-08-173 encountered 3% to 6% blebby
sulphides between 266.2 and 269.0 metres within the interpreted unit "B"
ultramafic. 


Frontier South:

Drill hole WR-08-160 was completed to test the down-dip extent of mineralization
encountered in WR-07-142 (2.72% Ni over 7.3 metres) and intersected a 100 metre
interval of ultramafic rocks comprising the "C" and "D" ultramafic units. No
significant mineralization was encountered.


Century

Four drill holes were completed in the general area of mineralization in the
Century Zone.


WR-08-149 was drilled to test a borehole EM anomaly in the Century zone and
intersected 8% to 10% disseminated sulphides between 53.0 and 62.0 metres in the
base of the interpreted "B" ultramafic unit. The hole also intersected 35% to
50% net-textured sulphides from 132.2 to 144.26 metres at a vertical depth of
100 metres in an embayment structure in the base of unit "C". The base of the
"D" ultramafic unit was intersected at a vertical depth of 155 metres with no
significant mineralization.


WR-08-153 was drilled west and down-dip of the Century zone, 50 metres west of
WR-08-122. This drill hole intersected 235 metres of continuous ultramafic rock
comprised of the "B", "C" and "D" units. The base of the "D" ultramafic unit was
intersected at 300 metres vertical elevation with no significant mineralization.
The basal contacts of the "B" and "C" ultramafic units were poorly defined and
unmineralized in this area.


Diamond drill hole WR-08-146, designed to follow up a borehole EM response in
WR-06-119, intersected thin layers of between 5% to 8% disseminated sulphides in
the base of the "C" ultramafic unit from 100.0 to 112.0 metres. 


WR-08-156 was drilled 53 metres to the west of WR-08-146 as a stratigraphic test
of the ultramafic rocks 100 metres west of the Century Zone. This drill hole
also tested an off-hole EM response in WR-07-129 and WR-07-136. It intersected
381 metres of continuous ultramafic rock with disseminated sulphides between 1%
and 3% from 265.0m and 485.5 metres. The distinction between the ultramafic
units in this hole is unclear at this time.

 
Beverly Trend

The Beverley Trend is a 15 kilometre long cluster of ultramafic rocks with a
significant depth extent and volume indicated by 3D magnetic inversion. 


A total of three widely spaced holes were drilled on the Beverly. 

WR-08-168 was drilled in the central portion of the Beverly trend and
intersected 2% to 3% patchy and disseminated sulphide mineralization from 131.0
to 144.1 metres at a vertical depth of 100 metres near the base of an ultramafic
unit. 


WR-08-171 was drilled 2.15 kilometres west of WR-08-168 and intersected 153
metres of unmineralized ultramafic rocks. 


Drill hole WR-08-172 was drilled 1.5 kilometres west of WR-08-171 and
intersected two ultramafic units. Mineralization consisting of 5% disseminated
and fracture fill sulphides was intersected from 253.3 to 279.2 metres at a
vertical depth of 200 metres at the base of the more northerly ultramafic unit. 


General Information

The West Raglan Project is a joint venture between Anglo American Exploration
(Canada) Ltd. ("AAEC") (51%) and Knight (49%). The West Raglan Project, Quebec
covers over 710 sq. km and includes approximately 65 kilometres of the Raglan
Horizon along which extensive ultramafic rocks typically occur. AAEC is the
operator of the West Raglan Project and is responsible for the sampling,
submittal of samples for assay and QA/QC. Samples were cut on site and standards
and blanks were added to each sample batch under supervision of AAEC staff. The
samples were shipped in secure containers to ALS Chemex in Vancouver. Assaying
of samples reported in this news release was carried out and certified by ALS
Chemex, of Vancouver, BC (nickel, copper, cobalt and sulphur (Total) by sodium
peroxide fusion followed by ICP-AES) (Pb-FA for platinum, palladium and gold).
Sample preparation was done by ALS Chemex of Vancouver, British Columbia. Robin
Adair, VP of Exploration, is the Qualified Person responsible for the technical
information in this news release.



ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD.

Harvey Keats, CEO

To view the table accompanying this release please click on the following link:
http://media3.marketwire.com/docs/knp_table.pdf.
Knight Metals Ltd. (TSXV:KNP)
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