Alhambra Provides Audit Status Progress

Alhambra Resources Ltd. (TSX VENTURE:ALH) ("Alhambra" or the "Corporation") is
providing this bi-weekly Default Status Report (the "Report") in accordance with
National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults
("NP 12-203"). On April 11, 2014, the Corporation announced (the "Default
Notice") that it expected a delay in filing its 2013 annual audited financial
statements, management's discussion and analysis and CEO and CFO certificates
(collectively, the "2013 Annual Audited Financial Statements"). 


This Report confirms that the auditors for Alhambra are continuing to work on
the audit of the Corporation's 2013 Annual Audited Financial Statements, and the
Corporation still anticipates that there is adequate time for the auditors to
complete the audit and for these statements to be filed on or before June 30,
2014. In addition, the Corporation is completing its Interim Financial
Statements and MD&A for the three months ended March 31, 2014 and anticipates
filing these documents after filing the 2013 Annual Audited Financial
Statements. 


Until the 2013 Annual Audited Financial Statements are filed, Alhambra will
continue to satisfy the requirements of Section 4.4 of National Policy 12-203 -
Alternative Information Guidelines ("AIG") by issuing a bi-weekly report in the
form of a news release. 


Pursuant to the requirements of AIG and subsequent to the Corporation's news
releases of April 11, May 2, May 16 and May 30, 2014, the Corporation reports no
material changes to the information provided therein nor has there been any
failure by the Corporation in fulfilling its stated intentions with respect to
satisfying the AIG. In addition, there has not been any other specified default
by the Corporation under NP 12-203, nor are any defaults anticipated. There is
no other material information concerning the affairs of the Corporation that has
not been generally disclosed. 


ABOUT ALHAMBRA

Alhambra is a Canadian based international exploration and production
corporation in Kazakhstan. 


Alhambra common shares trade in Canada on The TSX Venture Exchange under the
symbol ALH, in the United States on the Over-The-Counter Pink Sheets 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.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements

Certain statements contained in this release constitute "forward-looking
statements". These statements relate to future events or future performance. The
use of any of the words "could", "intend", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking
information and are based on the Corporation's current belief or assumptions as
to the outcome and timing of such future events. Actual future results may
differ materially. In particular, this release contains forward-looking
statements relating to the audit and filing of the 2013 Annual Audited Financial
Statements and the filing of the Interim Financial Statements and MD&A for the
three months ended March 31, 2014. Various assumptions or factors are typically
applied in drawing conclusions or making the forecasts or projections set out in
forward-looking statements. Those assumptions and factors are based on
information currently available to the Corporation. The material factors and
assumptions with respect to the audit and filing of the 2013 Annual Audited
Financial Statements include the auditors not encountering anything out of the
ordinary that would cause the auditors not to be able to complete the audit as
anticipated. Risk Factors that could cause actual results or outcomes to differ
materially from the results expressed or implied by forward-looking statements
include, among other things: general economic and business conditions, and
political, social and other risks inherent in carrying on business in a foreign
jurisdiction. Forward-looking statements contained in this release 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. Because of the risks,
uncertainties and assumptions contained herein, investors should not place undue
reliance on forward-looking statements. The forward-looking statements contained
herein are expressly qualified by this cautionary statement. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alhambra Resources Ltd.
Ihor P. Wasylkiw
VP & Chief Information Officer
[phone]


Alhambra Resources Ltd.
Donald D. McKechnie
VP Finance and Chief Financial Officer
+ 1 [phone]