Company Information for Knight Resources Ltd

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TSX.V; KNP View full financial data

Company Statement

Knight Resources Ltd. (TSXV: KNP) is a Canadian base metal exploration company. The company has a 49 / 51 joint venture with Anglo American Exploration (Canada) Limited ('AAEC') for the exploration of the West Raglan Project, located in northern Quebec, Canada.

Current Operations

West Raglan Project, Quebec

The Cape Smith Belt in northern Quebec has recently emerged as one of the most prospective areas in the world to discover new nickel deposits. Recognizing this, in early 2003 Knight entered into an agreement with Anglo American Exploration (Canada) Limited ('AAEC') to earn a 49% interest in their 720 square kilometre West Raglan Project.

Xstrata’s Raglan nickel mine is located 90 kilometres east of the eastern margin of the West Raglan Project. Resources, reserves and mined ore to date at Raglan total 32 million tonnes averaging 2.8% nickel and 0.8% copper with significant platinum group elements and cobalt.

The known nickel deposits in the Cape Smith Belt occur in two different settings: the Raglan Formation at the base of the Chukotat Group, and the Delta Horizon in the Povungnituk Group. All of Xstrata's resources and reserves are hosted by the Raglan Formation and occur in nine separate deposits over a 55 kilometre strike length.

The objective of the 2007 Program will be to discover new lenses down-dip and along strike at the base of numerous mapped and interpreted ultramafic units throughout the Frontier area.  Down-hole pulse EM surveys will be an essential tool in this endeavour.  An 8,000 metre drill program is planned for 2007 and the total cost is expected to be approximately $4,500,000.

Anglo American is the operator of the West Raglan Project. The Project is funded 51% by Anglo American and 49% by the Company.

Geographical Spread

The Cape Smith Belt of northern Quebec, Canada

Board of Directors and Key Management

David Patterson – CEO

Mr. Patterson has extensive experience in the junior mining and exploration industry. His European and North American networks have proven extremely successful, raising in excess of CDN$70 million for mineral exploration companies. Mr. Patterson is a Director and Officer of numerous junior resource companies.

Harvey Keats - President

Harvey Keats brings a wealth of nickel, base metal and precious metal experience to Coastport. Mr. Keats, a geologist, has over 35 years in the mining business on Canadian and International projects ranging from exploration to feasibility. Mr. Keats worked 25 years with Falconbridge Limited, where he held several senior positions in Canada and abroad.

Robin Adair, M. Sc., P.Geo., - Vice-President Exploration

Robin Adair, M. Sc., P.Geo. Prior to joining the Company, Mr. Adair was employed with Falconbridge Limited / Noranda Inc. for over 25 years, in exploration and advanced projects, including extensive experience in VMS projects up to the level of Exploration Manager.

Kerry Sparkes - Director

Mr. Sparkes has held the position of senior geologist and exploration manager with Archean Resources and was instrumental in the discovery and delineation of the Voisey's Bay deposits. In 1997, he joined Voisey's Bay Nickel Company Ltd., as senior geologist in charge of advanced exploration at Voisey's Bay.

Company Address 3rd Floor 157 Alexander Street Vancouver, V6A 1B8 Telephone: 604.684.6535 Facsimile: 604.602.9311 Email: knight[at]bed-rock.com Website: http://www.knightresources.ca

Additional Address/Key Contact Toll Free: 1-877-KNIGHT5

Capital Share Capital Information Shares Outstanding 78,980,947 Fully Diluted 97,468,360

Annual General Meeting January 25

Year End September 30

Major Shareholders

Donner Metals Ltd.	~15%
Anglo American Exploration (Canada) Limited	~8%

Related News

24/01/08 - Knight Resources Stringing Pearls In Northern Quebec
26/06/07 - Knight Resources And Anglo American Target Quebec Nickel Play

Most Recent Statement

20/05/08 - $8 Million 2008 Program Planned at West Raglan
03/03/08 - Knight Reports Remaining Results From West Raglan; Expanded 2008 Program Planned
03/12/07 - FINAL CLOSING OF $4 MILLION PRIVATE PLACEMENT
16/10/07 - ADDITIONAL ASSAYS FROM WEST RAGLAN PENDING
03/10/07 - Knight Resources announces more assay results from West Raglan project
08/08/07 - New Discovery at West Raglan - Seahawk: 3.50 Metres of 3.22% Nickel and 1.93% Copper, including 1.05 Metres of 8.60% Nickel and 3.41% Copper