Knight Resources to Proceed With Share Consolidation and Name Change

Mr. David Patterson, Chairman of Knight Resources Ltd. (TSX
VENTURE:KNP)(FRANKFURT:KRL), reports that the Company is proceeding with the
consolidation of the issued and outstanding common shares in the capital of the
Company on the basis of one post-consolidation common share for every 19
pre-consolidation common shares issued and outstanding. At the most recent
annual general meeting on February 17, 2011, shareholders voted in favour of
proceeding with the consolidation of shares. Details of the proposed share
consolidation are set forth in Knight Resources' management information circular
and filed under the Company's profile on SEDAR.


In addition, the Company is proceeding with a name change from Knight Resources
Ltd. to Knight Metals Ltd.


The proposed share consolidation and name change are subject to TSX Venture
Exchange acceptance.


ON BEHALF OF THE BOARD OF KNIGHT RESOURCES LTD.

David Patterson, Chairman

Knight Metals Ltd. (TSXV:KNP)
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