Khan Resources Announces Letter of Intent With Marubeni Corporation

• Press Release
• Source: Khan Resources Inc.
• On 1:51 pm EST, Thursday December 4, 2008

TORONTO, ONTARIO--(MARKET WIRE)--Dec 4, 2008 -- Khan Resources Inc. (Toronto:KRI.TO - News) is pleased to announce that it has signed a Letter of Intent (LOI) with Marubeni Corporation of Japan relating to uranium exploration and mining in Mongolia. The Energy Division of Marubeni is a multi-national trading company that has been most successful in investing in the oil, gas and uranium sectors, and is interested in working with Khan on the Mongolian Dornod uranium project.

"We are excited by Marubeni's interest in Khan's Dornod uranium project and are optimistic about the positive influence Japanese investors have on the Mongolian mining investment environment. Marubeni is a world-class player in the commodities trading arena and we look forward to working together for the mutual benefit of all stakeholders", stated Martin Quick, Khan's President and CEO.

Marubeni will work to improve the mining investment climate in Mongolia and Khan will provide Marubeni access to due diligence information on a confidential basis.

Forward-Looking Statements

This press release may contain forward-looking statements, which are subject to certain risks, uncertainties and assumptions. A number of factors could cause actual results to differ materially from the results discussed in such statements, and there is no assurance that actual results will be consistent with them. Such forward-looking statements are made as at the date of this news release, and Khan Resources assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.

Khan Resources (Toronto:KRI.TO - News) is a Canadian company engaged in the acquisition, exploration and development of uranium properties. Its current activities are focused on the Dornod area in north eastern Mongolia, the site of a former Russian open-pit uranium mine. Khan holds interests in the Main Dornod Property, licensed for mining, and in the Additional Dornod Property, licensed for exploration. The Company's website is www.khanresources.com.

     Contacts:
     Investor Relations Contacts:
     Khan Resources Inc.
     Martin Quick, President & CEO
     Office: (416) 360-3405
     Email: mquick@khanresources.com
     Website: http://www.khanresources.com
      
     The Buick Group
     Jon Ruby
     Office: (416) 915-0915, Ext. 301
     Toll Free: 1-877-748-0914
     Email: jruby@buickgroup.com