Dear Investor,
Please find attached the Alhambra Resources Ltd.

(ALH - TSX Venture) news release which was distributed earlier today titled, "Alhambra Announces Year 2012 Financial and Operational Results".
CALGARY, Alberta - Alhambra Resources Ltd.

(TSX-V: ALH) ("Alhambra" or the "Corporation"), an international gold explorer and producer, announces its financial and operating results for the year ended December 31, 2012.

All amounts related to the financial results are expressed in thousands of United States dollars unless otherwise indicated.


YEAR 2012 HIGHLIGHTS
.

Revenue from gold sales amounted to $9.5 million based on the sale of 5,702 ounces ("ozs") at an average gold price of $1,669/oz .

Cash operating costs were $807 per oz of gold sold .

Kazakhstan mining operations generated net earnings of $1.3 million ($0.01/share) .

The Corporation recorded net cash flow from operating activities of $0.4 million ($0.00/share) and a net loss of $5.0 million ($0.05/share) .

Stacked 136,220 tonnes ("t") of ore on the heaps at an average grade of 0.57 grams per tonne gold ("g/t Au") .

Production was estimated at 1,620 ozs of gold .

Lower gold sales were the result of suspension of the mining of new ore in June of 2012 as well as inability to maintain optimum operating conditions (such as ripping and fluffing of leach pads, maintenance of optimum levels of cyanide and resin) due to financial constraints .

Recorded higher than expected administration costs due to expensing $2.4 million of costs related to a planned dual stock listing .

The estimated recoverable gold in work in progress ("WIP") as of December 31, 2012 was 37,757 ozs .

Exploration expenditures were $0.9 million .

Received and issued the results of two initial independent National Instrument ("NI") 43-101 resource estimates for the Shirotnaia and Dombraly gold projects .

7,904 metres ("m") of exploration drilling was completed .

Assay results on 2,593 drill samples were pending .

6,755 drill and soil samples were being prepared for export for analysis .

A 1,360 km2 ground gravity and magnetic survey completed resulted in the identification of 18 new primary exploration targets
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