MCS McChip Resources Inc

Alhambra Resources Ltd. (TSX VENTURE:ALH) (PINKSHEETS:AHBRF) (FRANKFURT:A4Y)
("Alhambra" or the "Corporation"), an international gold explorer and producer,
announces that the Corporation has received and SEDAR filed the final technical
report (the "Report") related to the initial independent National Instrument
("NI") 43-101 gold resource estimate (the "Estimate") for Alhambra's 100% owned
Dombraly gold deposit ("Dombraly") (see news release dated February 7, 2012).


Dombraly is one of three advanced exploration project areas Alhambra is
exploring within its 9,800 square kilometre ("km2") (2.4 million acre) Uzboy
Gold Project located in north central Kazakhstan. 


The Report and Estimate were prepared by ACA Howe International UK ("ACA Howe")
and Micromine Consulting Services UK ("MCS"). The Report has also been posted on
the Corporation's website.


HIGHLIGHTS



--  The Report summaries the results of the maiden NI 43-101 Estimate for
    Dombraly, 
--  301,000 ounces ("ozs") of Inferred current mineral resources contained
    in 9.3 million tonnes grading 1.01 grams per tonne gold ("g/t Au") were
    identified, 
--  An additional 22,000 ozs of Indicated current mineral resources
    contained in 0.60 million tonnes grading 1.22 g/t Au were identified.



Mr. J.N. Hogg, MSc., MAIG, Senior Geologist and Qualified Person with MCS and
Mr. J.G. Langlands, BSc, FGS, FIMMM, CEng., Principal Geologist and Qualified
Person with ACA Howe, have reviewed and approve the Report filed on SEDAR. 


Elmer B. Stewart, MSc., P. Geol., a technical consultant, is the Corporation's
nominated Qualified Person. Mr. Stewart has reviewed the technical information
contained in this news release. 


ABOUT ALHAMBRA

Alhambra is a Canadian based international exploration and gold production
corporation and has, in three separate deposits, a total of 1.07 million ozs of
NI 43-101 Measured and Indicated resources (26.79 million tonnes grading 1.24
g/t Au) and 1.37 million ozs of Inferred mineral resources (55.15 million tonnes
grading 0.77 g/t Au). 


Of the total, the Corporation's Uzboy gold deposit amounts to 0.98 million ozs
of NI 43-101 Measured and Indicated resources (23.33 million tonnes grading 1.42
g/t Au) and 0.42 million ozs of Inferred mineral resources (11.26 million tonnes
grading 1.17 g/t Au) and the Corporation's Shirotnaia project amounts to 0.01
million ozs of NI 43-101 Measured and Indicated resources (2.90 million tonnes
grading 0.74 g/t Au) and 0.65 million ozs of Inferred mineral resources (34.58
million tonnes grading 0.58 g/t Au). The remaining resources are at Dombraly as
noted above.


Alhambra holds exploration and exploitation rights to a 2.4 million acre (9,800
km2), 100% owned license called the Uzboy Project, located in the Northern
Kazakhstan Metallogenic Province which hosts numerous world-class gold deposits.
Over 100 mineral targets, including three advanced exploration areas, are
contained within the Uzboy Project.


Alhambra common shares trade in Canada on The TSX Venture Exchange under the
symbol ALH, in the United States on the Over-The-Counter Market under the symbol
AHBRF and in Germany on the Frankfurt Open Market under the symbol A4Y. The
Corporation's website can be accessed at www.alhambraresources.com. 


Forward-Looking Statements

Certain statements contained in this news release constitute "forward-looking
statements" as such term is used in applicable Canadian and US securities laws.
These statements relate to analyses and other information that are based on
forecasts of future results, estimates of amounts not yet determinable and
assumptions of management. In particular, the current mineral resources
identified in this news release should be viewed as forward-looking statements
to the extent that they involve estimates thereof. Any statements that express
or involve discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or performance
(often, but not always, using words or phrases such as "expects" or "does not
expect", "is expected", "anticipates" or "does not anticipate", "plans,
"estimates" or "intends", or stating that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be achieved) are
not statements of historical fact and should be viewed as "forward-looking
statements". Such forward looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of the Corporation to be materially differentfrom any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such risks and other factors include, among others,
political, social and other risks inherent in carrying on business in a foreign
jurisdiction and such other business risks as discussed herein and other
publicly filed disclosure documents. Although the Corporation has attempted to
identify important factors that could cause actual actions, events or results to
differ materially from those described in forward-looking statements, there may
be other factors that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will prove
to be accurate as actual results and future events could vary or differ
materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements contained in this
news release.


Forward looking statements are made based on management's beliefs, estimates and
opinions on the date the statements are made and the Corporation undertakes no
obligation to update forward-looking statements and if these beliefs, estimates
and opinions or other circumstances should change, except as required by
applicable law.


This news release contains forward-looking statements based on assumptions,
uncertainties and management's best estimates of future events. When used
herein, words such as "intended" and similar expressions are intended to
identify forward-looking statements. Forward-looking statements are based on
assumptions by and information available to the Corporation. Investors are
cautioned that such forward-looking statements involve risks and uncertainties.
Actual results may differ materially from those currently anticipated. The
forward-looking statements contained herein are expressly qualified by this
cautionary statement.

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