KRI Khan Resources Inc.

Khan Resources Inc. (CNSX:KRI) ("Khan" or "the Company") announced today that it
has filed its financial statements and management's discussion and analysis for
the three and nine months ended June 30, 2012 on SEDAR and has posted these
documents to its website www.khanresources.com.  


Highlights for the quarter include:



--  On July 26, 2012 the Tribunal hearing the Company's $200 million
    international arbitration action against the Government of Mongolia
    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.  
    
--  On June 30, 2012, the Company recognized non-cash impairment losses of
    $15.9 million that have reduced all of the Company's tangible assets to
    their estimated recoverable values as at June 30, 2012. The Company
    concluded that it is highly unlikely that the exploration and mining
    licenses for the Dornod deposit will be renewed and returned. In
    conjunction with this determination, the Company also decided to close
    the Dornod Project Camp. 
    
--  On Monday, May 14, 2012 the Company's common shares commenced trading
    through the facilities of the Canadian National Stock Exchange ("CNSX")
    under the symbol "KRI". 
    
--  Regarding the $300 million lawsuit against Atomredmetzoloto JSC
    ("ARMZ"), the Company announced on April 20, 2012 that it has filed an
    appeal with the Court of Appeal for Ontario in relation to the March 12,
    2012 decision of the Ontario Superior Court in favour of ARMZ. The
    appeal is scheduled to be heard on September 11, 2012. 
    
--  On April 19, 2012, the Company announced the closing of a non-brokered
    private placement financing resulting in the issuance of 13,600,000
    common shares at a price of $0.17 per common share for gross proceeds of
    $2,312,000. The Company plans to use the proceeds of the offering to
    advance the international arbitration case against the Government of
    Mongolia, for the lawsuit against ARMZ and for general corporate
    purposes. 
    
--  The Company's interim financial statements have been prepared in
    accordance with International Financial Reporting Standards ('IFRS") and
    in Canadian dollars ("CAD"). Comparative statements, previously prepared
    in US dollars under Canadian Generally Accepted Accounting Principles
    ("GAAP"), have been adjusted for changes in the functional and reporting
    currencies of the Company and its subsidiaries and other IFRS
    adjustments. 



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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