Knight Resources Ltd.: $567,621 Financing

NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES


Mr. David Patterson, Chairman of Knight Resources Ltd. (TSX
VENTURE:KNP)(FRANKFURT:KRL) reports that the Company has closed a non-brokered
private placement in an amount of $567,621. The funds were raised through the
issuance of 4,792,357 Quebec flow-through units ("QFT Unit") at a price of
$0.115 per QFT Unit and 150,000 flow-through units ("FT Unit") at a price of
$0.11 per FT Unit. Each QFT Unit and each FT Unit consists of one common share
and one-half of one common share purchase warrant. 


Of the 4,942,357 shares issued, 3,292,357 shares are subject to a hold period
expiring August 21, 2010, and 1,650,000 shares are subject to a hold period
expiring August 27, 2010. Of the 2,471,179 warrants issued, 1,646,179 warrants
entitle the holder to acquire one common share at a price of $0.15 until April
20, 2011, and at a price of $0.20 until April 20, 2012, and 825,000 warrants
entitle the holder to acquire one common share at a price of $0.15 until April
26, 2011, and at a price of $0.20 until April 26, 2012.


The Company has agreed to pay aggregate finder's fees totaling $26,503 in
connection with the private placement. The funds raised by way of the financing
will be used for exploration of the West Raglan Project, located in northern
Quebec.


ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD.

David Patterson, Chairman

Knight Metals Ltd. (TSXV:KNP)
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