KRI Khan Resources Inc.

Khan Resources Inc. (CNSX:KRI) ("Khan" or "the Company") announced today that it
has received the decision of the Court of Appeal for Ontario in respect of
Khan's attempts to effect service of its lawsuit against Atomredmetzoloto JSC
("ARMZ") in which it is seeking damages of $300 million. The Court of Appeal
dismissed Khan's appeal and its attempts to validate, substitute or dispense
with service of the Statement of Claim. 


Khan has been attempting to effect service of the lawsuit on ARMZ since late
2010. After following the necessary procedures in Russia to serve ARMZ, Khan's
attempts at service were stymied when the Russian Ministry of Justice refused to
effect service. The Ministry of Justice cited Article 13 of the Hague Convention
that provides that the State addressed may refuse to effect service "only if it
deems that compliance would infringe its sovereignty or security". The Ministry
of Justice provided no reason or explanation for why service of Khan's lawsuit
would infringe Russian sovereignty or security.


Mr. Grant Edey, President and Chief Executive Officer of Khan commented, "We are
disappointed by the outcome of the decision. We find it highly regrettable that
ARMZ, a business with substantial interests in Canada, can engage in business
with a Canadian company and then be sheltered by its shareholder, the Government
of Russia, from being held accountable in a Canadian court for the wrongdoing
and the damages inflicted on Khan and its shareholders."


Khan is reviewing the decision and is considering the options available to it. 

Forward-Looking Statements and Information

This press release may contain forward-looking statements and forward-looking
information, which are subject to certain risks, uncertainties and assumptions.
Forward-looking statements and information are characterized by words such as
"will", "plan", "expect", "project", "intend", "believe", "anticipate",
"forecast", "schedule", "estimate" and similar expressions, or statements that
certain events or conditions "may" or "will" occur. Forward-looking statements
and information are not historical facts and are based upon a number of
estimates and assumptions and are inherently subject to significant business,
social, economic, political, regulatory, competitive and other risks and
uncertainties, contingencies and other factors, including the impact of
international, Mongolian and Canadian laws, trade agreements and regulatory
requirements on Khan's business, properties, licenses, operations and capital
structure, Khan's ability to re-instate or re-register the Dornod uranium
project licenses, regulatory uncertainty and obtaining governmental and
regulatory approvals, legislative, political, social, regulatory and economic
developments or changes in jurisdictions in which Khan carries on business, the
nature and outcome of pending and future litigation, arbitration and other legal
proceedings, the speculative nature of exploration and development, risks
involved in the exploration, development and mining business, changes in market
conditions, changes or disruptions in the securities markets and market
fluctuations in prices for Khan securities, the existence of third parties
interested in purchasing some or all of the common shares or Khan's assets, the
method of funding and availability of any potential alternative strategic
transactions involving Khan or its assets, including those transactions that may
produce strategic value to shareholders, the need to obtain, maintain and/or
re-register licenses and permits and comply with national and international
laws, regulations, treaties or other similar requirements, and uncertainty in
the estimation of mineral reserves and resources. In addition, a number of other
factors could cause actual results to differ materially from the results
discussed in such statements and information, and there is no assurance that
actual results will be consistent with them. For further details, reference is
made to the risk factors discussed or referred to in Khan's annual and interim
management's discussion and analyses and Annual Information Form on file with
the Canadian securities regulatory authorities and available on SEDAR at
www.sedar.com. Such forward-looking statements and information are made or given
as at the date of this news release, and Khan 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations Contacts: Khan Resources Inc.
Grant Edey
President & CEO
Office: 416.360.3405
gedey@rogers.com


Khan Resources Inc.
Marilyn Barton
Manager, Administration
Office: 416.360.3405
mbarton@khanresources.com

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