KNIGHT RESOURCES LTD (fka KNP.V)

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Knight Resources Ltd./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
Wednesday August 8, 2:38 pm ET

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Aug 8, 2007 -- Mr. Harvey Keats, Chief Executive Officer of Knight Resources Ltd. (CDNX:KNP.V - News)(Frankfurt:KRL.F - News), reports the results of the second set of assays from drilling completed at West Raglan during the 2007 season. Disseminated, net textured and massive sulphides intersected in diamond drill hole WR-07-130 occur in ultramafic rock and average 3.22% nickel, 1.93% copper, 0.99 g/t platinum and 3.35 g/t palladium over 3.50 metres from 152.0 to 155.50 metres, including 8.60% nickel, 3.41% copper, 2.53 g/t platinum and 9.10 g/t palladium from 152.95 to 154.00 metres.

This new mineralization occurs at the base of an ultramafic unit interpreted to be the same unit that, to the west, hosts mineralization at Century (750 metres west), Frontier South (545 metres west) as well as the new mineralization encountered in WR-07-128 (588 metres west - News release July 25, 2007). In the area of drill hole WR-07-130, a separate ultramafic unit that occurs stratigraphically below and to the south of this new discovery hosts nickel mineralization identified in 2004 as the Seahawk zone. The ultramafic units that host this new mineralization and the Seahawk zone are part of the Greater Frontier Area which is characterized by a swarming of mineralized ultramafic intrusions that occur over a 6 kilometre strike length along the "Raglan Horizon" (see www.knightresources.ca)

Drilling is planned to follow up the discoveries in WR-07-128 and WR-07-130 during the 2007 program.

Two rigs are currently operating on the West Raglan Project as part of an 8,000 metre diamond drill program. Additional assays from the 2007 program are expected in the coming weeks. Samples from additional holes are in the laboratory and assays will be released as they become available.

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 720 sq. km and includes approximately 65 kilometres of the "Raglan Horizon" along which extensive ultramafic rocks typically occur. The geological setting is identical to the belt hosting Xstrata Nickel's Raglan deposits where Xstrata announced exceptional exploration results on August 7, 2007.

AAEC is the operator of the West Raglan Project and is responsible for the sampling, submittal of samples for assay and QA/QC. Assaying of samples reported in this news release was carried out and certified by ALS Chemex, of Vancouver, BC (nickel, copper, cobalt and sulphur (Total) by sodium peroxide fusion followed by ICP-AES) (Pb-FA for platinum, palladium and gold). Sample preparation was done by ALS Chemex of Vancouver, British Columbia. Robin Adair, VP of Exploration, is the Qualified Person responsible for the technical information in this news release.



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UTM Core
Location Angle/ Length
Hole NAD 83 Direc- Length Pt Pd
Number Zone 18 tion From To (metres) Ni% Cu% (g/t) (g/t) S%
---------------------------------------------------------------------------
WR-07- 443925E, -60 152.00 155.50 3.50 3.22 1.93 0.99 3.35 11.83
130 6802950N degrees/
180
degrees
------- -----------------------------------------------------------
inclu- 152.95 154.00 1.05 8.60 3.41 2.53 9.10 30.20
ding
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(i)True thickness is unknown but is interpreted to be greater than 85% of
the core length

ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD.

Harvey Keats, CEO



THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE


Contact:

Contacts:
Knight Resources Ltd.
Harvey Keats
CEO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: http://www.knightresources.ca


Source: Knight Resources Ltd.