Khan Resources Inc. (KRI:TSX)

Khan Resources Inc. announced its development plan for the Dornod Uranium Project in the Republic of Mongolia. Aker Solutions of Toronto completed a Definitive Feasibility Study for Khan in March 2009, which demonstrates an internal rate of return after tax of 29.1% for the Project at a long-term uranium price of $65 per lb. Khan holds a 58% joint venture interest in Central Asian Uranium Company, Limited, which in turn holds a mining license on the Main Dornod Property. Other joint venture partners are the Russian state-owned company JSC Priargunsky, which holds a 21% interest in CAUC, and MonAtom, a Mongolian state-owned entity, which holds the remaining 21%. Khan also holds a 100% interest in an adjacent exploration license area, known as the Additional Dornod Property. CAUC and Khan are in the process of re-registering the mining and exploration licenses under Mongolia's new Nuclear Energy Law.

Khan Resources Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2009. For the quarter, the company reported income before tax, net income and comprehensive income of $340,000 or $0.01 per diluted share on revenues of $30,000 compared with loss before tax, net loss and comprehensive loss of $1,413,000 or $0.03 per diluted share on revenues of $178,000 for the same period a year ago. For the quarter, the company reported cash used in operating activities of $532,000 compared with $645,000 for the same period a year ago. For the nine months, the company reported loss before tax, net loss and comprehensive loss of $4,151,000 or $0.08 per diluted share on revenues of $150,000 compared with loss before tax, net loss and comprehensive loss of $5,435,000 or $0.09 per diluted share on revenues of $568,000 for the same period a year ago. For the nine months, the company reported cash used in operating activities of $1,950,000 compared with $3,099,000 for the same period a year ago.

Khan Resources Inc. announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2009. For the quarter, the company reported loss before taxes of $1,431,000 and net loss of $1,431,000 or $0.03 per basic and diluted share on interest of $38,000 against loss before taxes of $1,481,000 and net loss of $1,481,000 or $0.03 per basic and diluted share on interest of $236,000 for the same period a year ago. Cash used in operating activities was $672,000 against $1,177,000 for the same period a year ago. For the six months, the company reported loss before taxes of $4,491,000 and net loss of $4,491,000 or $0.08 per basic and diluted share on interest of $120,000 against loss before taxes of $4,022,000 and net loss of $3,200,000 or $0.06 per basic and diluted share on interest of $390,000 for the same period a year ago. Cash used in operating activities was $1,418,000 against $2,454,000 for the same period a year ago.