Alhambra Resources Ltd. Prepares to File Year 2013 and First Quarter 2014 Financial Results

Alhambra Resources Ltd. (TSX VENTURE:ALH) ("Alhambra" or the "Corporation")
reports that the auditors for Alhambra continue to work on the audit of the
Corporation's 2013 Annual Audited Financial Statements, and the Corporation
continues to believe that it will be able to file these statements on SEDAR on
or before July 2, 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 on SEDAR (www.sedar.com) after filing the 2013 Annual Audited
Financial Statements. 


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"). 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"). 


Once Alhambra completes these filings, the Corporation will have satisfied its
financial filing requirements, and will no longer be issuing any further
bi-weekly Default Status Reports under Section 4.4 of National Policy 12-203 -
Alternative Information Guidelines ("AIG").


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]
www.alhambraresources.com