Kings Minerals NL is a well established ASX-listed global metals exploration and development company.

Led by highly experienced and historically successful board and mining personnel, the company is developing 2 projects:

• Cerro del Gallo:  a major gold/silver/copper project in Mexico now entering the development stage, and
• Kalman:  an exploration stage molybdenum/copper/gold/rhenium project of significant promise, near Mt Isa, Australia.

2008 is expected to see key advances for both projects, particularly:

• a detailed, independent scoping study on the Cerro del Gallo project – due 3^rd quarter 2008, and
• more exploration drilling results and potentially resource upgrades from the Kalman project and surrounding targets.

The company regards both projects as evidencing strong potential to be mined, at their respective stages of advancement.

During 2008 the company will seek to confirm that potential – with the prospect of commencing mining at both projects during 2010/2011.