Sultan Minerals fka SUL

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Sultan Minerals Drills Impressive 85 Foot Zone of 0.16% MoS2 at its Jersey-Emerald Property, BC, Canada

Monday August 18, 8:30 am ET

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2008) - Sultan Minerals Inc. (TSX VENTURE:SUL - News; FRANKFURT:RZN - News; "Sultan") is pleased to report assays for seven underground diamond drill holes from the ongoing exploration program at its 100% owned Jersey-Emerald Molybdenum-Tungsten Property located near Salmo, British Columbia.

The seven holes successfully tested the lateral limits of the Dodger Molybdenum Zone extending the zone 200 feet to the south. This large molybdenum-bearing stockwork has now been intersected in 36 diamond drill holes over an area measuring 3,200 feet (1,000 metres) north-south by 900 feet (300 metres) east-west. The zone remains open in most directions.

Highlights of the program are drill-holes JM08-08 and JM08-09 where very favourable results expand the Dodger Molybdenum Zone to the south. Hole JM08-08 assayed 0.16% molybdenum (MoS2) over a core length of 85.0 feet within a 288.0 foot section that averaged 0.07% MoS2. The hole contained several very high-grade molybdenum bearing zones including 1.74% MoS2 over 3.0 feet, 0.44% MoS2 over 5.0 feet and 0.81% MoS2 over 4.3 feet. Hole JM08-09, located 100 feet south of hole JM08-08, assayed 0.08% MoS2 over a core length of 105.0 feet including 1.04% MoS2 over 5.0 feet. This hole also intersected a 10.0-foot wide quartz vein that assayed 0.5% MoS2 and 0.40 g/t gold.

Tungsten mineralization was also intersected in many of the holes and is believed to represent the western extension of the East Dodger Tungsten Zone. The most notable intercept was in hole JM08-09 that assayed 0.73% tungsten (WO3) over a core length of 9.10 feet within a 23.6 foot section that averaged 0.35% WO3.

Significant assay intersections for the seven holes are tabled below:

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