Sultan Minerals Expands Tungsten Zone at its Jersey-Emerald Property, BC

Tue Apr 29, 8:30 AM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2008) - Sultan Minerals Inc. (TSX VENTURE: SUL.V)(FRANKFURT: RZN.F) ("Sultan") is pleased to report assay results for nine holes, JS07-39 through JS07-47, from the on-going drill program on its 100% owned Jersey-Emerald tungsten-molybdenum property in southern British Columbia. Results from these nine holes continue to show good continuity to the recently identified East Emerald Tungsten Zone. The East Emerald is a sizeable zone of bulk tonnage, tungsten mineralization. The deposit is exposed on surface suggesting that much of the mineralization may be extracted by surface mining methods. The zone was previously intersected in drilling by Placer Dome in the 1950's and 1970's; and later by Sultan's drilling in 2006.

The drill results show a number of tungsten bearing horizons contained within a stratigraphic thickness of almost 700 feet. Sultan has intersected the zone in 26 drill holes that confirm the continuation of the tungsten mineralization over a length of 2,700 feet (800 metres) and a width of 700 feet (200 metres). The results show several horizons of 0.25% to 0.60% tungsten mineralization contained within wide zones of lower grade mineralization averaging 0.10 to 0.25% WO3. The zone remains open to the north, south and west. An additional factor in some of these holes is the significant molybdenum (MoS2) content found in the same horizon as the tungsten.

Significant intersections from holes JS07-39 through JS07-47 are given in the following table: 

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DRILL-
HOLE       GRID  GRID    AZMTH    FROM       TO   WIDTH    WO3  MoS2    Au
NUMBER    North  East     /DIP   (feet)   (feet)  (feet)    (%)   (%) (g/t)
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JS07-39    9784  8195  145/-65  245.00   310.00   65.00   0.22  0.11     -
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Including                       271.20   275.50    4.30   1.34  0.71     -
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And                             389.90   394.50     4.6   0.12     -     -
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And                             437.70   454.50    16.8   0.23     -     -
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Including                       452.80   454.50    1.70   0.67     -     -
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And                             538.50   601.40    62.9   0.17     -     -
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Including                       563.70   566.80     3.1   0.53     -     -
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JS07-40    9543  7990   na/-90  124.50   140.80    16.3   0.20     -     -
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Including                       135.30   140.80    5.50   0.21     -     -
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And                             258.00   268.30    10.3   0.09     -     -
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And                             354.90   358.00     3.1  0. 24     -     -
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JS07-41    9543  7086  285/-60  224.50   245.00    20.5   0.13     -     -
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Including                       224.50   228.00    3.50   0.26     -     -
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And                             258.30   261.60     3.3   0.27     -     -
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And                             292.40   298.00     5.6   0.15     -     -
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JS07-42    9542  7987  105/-57  177.80   315.00   137.2   0.14     -     -
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Including                       177.80   238.30    60.5   0.20     -     -
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Including                       213.60   220.50    6.90   0.57     -     -
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Including                       268.60   277.00    8.40   0.24     -     -
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And                             429.20   463.10    33.9   0.11     -     -
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Including                       435.50   445.20    9.70   0.18     -     -
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And                             549.30   587.40    38.1   0.12     -     -
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Including                       586.00   587.40    1.40   0.35     -     -
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And                             688.00   698.00   10.00      -  0.42     -
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And                             784.00   793.30     9.3   0.43     -     -
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JS07-43    7792  7096   na/-90  115.50   152.00    36.5   0.23     -     -
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Including                       125.00   130.00     5.0   0.44  0.14     -
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JS07-44    7794  7092  285/-70  108.00   148.00   40.00   0.11     -     -
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Including                       138.00   143.00    5.00   0.17     -     -
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Including                       108.00   113.00    5.00      -  0.12     -
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JS07-45    7791  7100  105/-70  146.70   175.00   28.30   0.08     -     -
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Including                       156.00   161.00    5.00   0.13     -     -
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Including                       151.00   170.00   19.00      -     -  1.05
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JS07-46    9066  7792   na/-90  217.00   220.00    3.00      -  0.04     -
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And                             230.00   235.00    5.00   0.13     -     -
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And                             265.00   337.30   72.30   0.11     -     -
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Including                       284.00   287.00    3.00   0.16     -     -
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Including                       297.00   337.30   40.30   0.14     -     -
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Including                       302.00   307.00    5.00   0.19     -     -
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JS07-47    9067  7789  285/-60  103.00   111.00    8.00      -     -  3.00
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Including                       106.70   111.00    4.30      -     -  5.07
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And                             139.50   234.20   94.70   0.13     -     -
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Including                       220.00   224.60    4.60   0.24  0.17     -
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Including                       220.00   230.30   10.30      -  0.15     -
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And                             380.00   388.00    8.00   0.12     -     -
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Including                       385.00   388.00    3.00   0.26     -     -
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Note 1: All dimensions and core lengths are recorded in feet in order that
        results are compatible with the historic mine grid and the existing
        database of 5,600 drill holes. Convert feet to metres by
        multiplying by 0.304.

Note 2: Intersection angles vary from 15 degrees to 90 degrees suggesting
        that the true width of the mineralized horizons range from 25% to
        100% of the intersection widths.

Drill hole JS07-39 was drilled to test the Lower East Emerald Horizon in the vicinity of the western limit of the Emerald intrusive. JS07-39 also carried significant molybdenum within a 65.0 foot thick drill intercept that assayed 0.22% WO3 and 0.11% MoS2. This hole is close to previously reported holes JS07-33, -34, -36 and -38 which also carried molybdenum within some of the tungsten horizons. Holes JS07-40, JS07-41 and JS07-42 were fan drilled from a single drill station to test the Lower East Emerald Horizon 300 feet south of hole JS07-39. Holes JS07-43, JS07-44 and JS07-45 traced the Lower East Emerald Horizon 500 feet to the south of its most southerly intersection in previous hole JS06-03. Holes JS07-43 to -45 also carried significant molybdenum where the tungsten horizon was intersected close to the granite intrusion. Holes JS07-46 and JS07-47 were step out holes that tested the Lower East Emerald Horizon 600 feet west of previously reported hole JS07-32.

Assays are presently awaited for 25 surface and underground drill holes in the ongoing drill program. Diamond drilling is currently underway on the East Dodger Molybdenum Zone where underground drill hole JM07-04 intersected 0.10% MoS2 over a core length of 548.0 feet. The Spring 2008 drill program includes 12 drill holes to further test this molybdenum zone.

Mr. Perry Grunenberg, P.Geo., of PBG Geoscience from Kamloops, BC, is Sultan's project supervisor and "Qualified Person" as defined by NI 43-101, "Standards of Disclosure for Mineral Projects". Mr. Ed Lawrence, P.Eng., former Manager of the Jersey and Emerald Mines for Placer-Dome, oversees the on-going diamond drilling programs.

For further information on Sultan's projects, visit www.sultanminerals.com.

Please click on the following link to view Drill Hole Locations 2007 Drill Program Map: http://www.sultanminerals.com/i/maps/2008-03-27_NRM.gif.

Arthur G. Troup, P.Eng., Geological, President and CEO

If you would like to receive press releases via email please contact catarina@chfir.com and specify "Sultan press releases" in the subject line.

This release was prepared by Sultan management and no regulatory authority has approved or disapproved the information contained herein. This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Sultan expects are forward-looking statements. Although Sultan believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Sultan, investors should review the Sultan's filings that are available at www.sedar.com or Sultan's website at www.sultanminerals.com.

SEC 12g3-2(b): 82-4741

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this News Release.

Contacts

Marc Lee
Sultan Minerals Inc.
Investor & Corporate Communications
(604) 687-4622
(604) 687-4212 (FAX)
Email: mlee@sultanminerals.com or info@sultanminerals.com
Website: www.sultanminerals.com

Catarina Cerqueira
CHF Investor Relations
Associate Account Manager
(416) 868-1079 Ext. 251
Email: catarina@chfir.com