🕐15.05.13 - 16:00 Uhr

ALHAMBRA RESOURCES LTD (ALH - TSX VENTURE) NEWS RELEASE DATED MAY 15, 2013 - ALH
AMBRA PROVIDES PROGRESS REPORT ON AUDIT STATUS



Dear Investor,
Please find attached the Alhambra Resources Ltd.

(ALH - TSX Venture) news release which was distributed earlier today titled, "Alhambra Provides Progress Report on Audit Status".
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 19, 2013, the Corporation announced (the "Default Notice") that it expected there would be a delay in filing its 2012 annual audited financial statements, managements discussion and analysis and CEO and CFO certificates (collectively, the "2012 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 Corporations 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, 2013, the ASC issued a temporary MCTO.


Alhambras auditors are working on the audit of the Corporations 2012 Annual Audited Financial Statements, and the Corporation expects to file these statements on or before June 30, 2013.

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 which will be issued in the form of a news release.


For more details, please read the attached.
Best regards,
Ihor P.

Wasylkiw VP & Chief Information Officer Alhambra Resources Ltd. (bus): 1-403-508-4953
www.alhambraresources.com







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