Suite #330, 700 – 6th Avenue S.W. Calgary, Alberta, Canada T2P 0T8
Telephone (403) 228-2855 Fax: (403) 228-2865
FOR IMMEDIATE RELEASE – May 15, 2009
FOR: Alhambra Resources Ltd.
SUBJECT: Alhambra Provides Bi-Weekly Status Report
CALGARY, Alberta – Alhambra Resources Ltd. (TSX-V: ALH) (“Alhambra” or the “Corporation”) is
providing this bi-weekly Default Status Report in accordance with National Policy 12-203 – Cease Trade Orders
for Continuous Disclosure Defaults (“NP 12-203”). On April 20, 2009, the Corporation announced (the “Default
Notice”) that it expected there would be a delay in filing its 2008 annual audited financial statements,
management’s discussion and analysis and CEO and CFO certificates (collectively, the “2008 Annual Audited
Financial Statements”) within the 120 day period prescribed for the filing of such documents for reasons
disclosed within that announcement.
In accordance with NP 12-203, and as previously announced, the Corporation applied to the Alberta Securities
Commission (“ASC”) for a Management Cease Trade Order (“MCTO”) related to the Corporation’s common
shares to be imposed against certain Corporation executives instead of a general cease trade order being imposed
against all the securities of the Corporation. On May 1, 2009, the ASC issued a temporary MCTO.
Should Alhambra fail to file its 2008 Annual Audited Financial Statements on or before June 29, 2009, the ASC
can impose a cease trade order on Alhambra such that all trading in securities of the Corporation cease for such
period as the ASC may deem appropriate.
Alhambra’s auditors are completing the audit of the Corporation’s 2008 Annual Audited Financial Statements,
and the Corporation expects to file these statements on or before June 29, 2009. Until these statements are filed,
Alhambra intends to continue to satisfy the requirements of Section 4.4 of National Policy 12-203 - Alternative
Information Guidelines (“AIG”) by issuing bi-weekly Default Status Reports, each of whi