Knight Resources Ltd.: Balance of Non-Brokered Private Placement Closes

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),
reports that the Company has received $198,000 through the closing of the third
and final tranche of a non-brokered private placement. The funds were raised
through the issuance of 1,800,000 flow-through units ("FT Unit") at a price of
$0.11 per FT Unit. Each FT Unit consists of one common share and one-half of one
common share purchase warrant. 


The 1,800,000 shares issued are subject to a hold period expiring September 11,
2010. The 900,000 warrants issued entitle the holder to acquire one common share
at a price of $0.15 until May 10, 2011, and at a price of $0.20 until May 10,
2012. 


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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