KNP Knight Metals Ltd.

Mr. Harvey Keats, Chief Executive Officer of Knight Resources Ltd. (TSX VENTURE: KNP)(FRANKFURT: KRL), reports final assay results from all drilling completed on the West Raglan Project in 2010 as previously described (see news release dated October 5, 2010). This drilling was focused on investigating nickel, copper and platinum group element (PGE) targets associated with ultramafic rocks. Assay results for nickel, copper and PGEs were largely within background levels for ultramafic rocks.

A different style of mineralization was encountered in diamond drill hole WR-10-189 which intersected 1.70% copper, 3.56% zinc and 0.36g/t gold over 3.2 metres in massive sulphides. This mineralization occurred in basalts approximately 30 metres above the targeted ultramafic unit in the Green Zone located immediately west of the Frontier area. This style of mineralization is indicative of volcanogenic massive sulphides which are known to occur locally within the Cape Smith Belt. This is the first occurrence of copper-zinc-gold mineralization in drilling from the West Raglan property and its potential, if any, is unknown.

The attached Table 1 provides nickel, copper and PGE assay results and the attached Table 2 provides copper, zinc, gold assay results for the 2010 drill program on the West Raglan Project. Further technical data, including maps can be found on the Company's web site at www.Knightresources.ca.

Project Overview

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. Robin Adair, VP of Exploration for Knight Resources Ltd., 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 tables accompanying this release please click on the following link: http://media3.marketwire.com/docs/1214kgt.pdf

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release

Contacts: Knight Resources Ltd. Andrea Magee (604) 684-6535 (604) 602-9311 (FAX) knight@bed-rock.com www.knightresources.ca