KRI Khan Resources Inc.

Khan Resources Inc. (CNSX:KRI) ("Khan" or the "Company") is pleased to announce
that the Tribunal hearing the Company's $200 million international arbitration
action against the Government of Mongolia has ruled entirely in Khan's favour on
matters of jurisdiction and has dismissed all of Mongolia's objections to the
continuance of the suit. The action will now progress to the phase in which the
panel will rule as to the merits of the arbitral claims and the amount of
damages suffered by Khan arising from the Mongolian Government's expropriatory
and unlawful treatment of Khan in relation to the Dornod uranium deposit located
in northeastern Mongolia. Khan initiated the international arbitration suit in
January, 2011.


Mr. Grant Edey, President and Chief Executive Officer of Khan, commented, "We
are pleased that the Tribunal has validated Khan's initiatives to achieve
recourse to damages suffered by our shareholders. Our treasury is well-funded
and we will continue to vigorously pursue this action to its logical end to
receive value for our investments in Mongolia." 


Khan will immediately commence preparatory activities for the upcoming
merits/damages phase of the proceedings. 


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.

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