Knight Resources Ltd.: West Raglan 2004 Program Results.

VANCOUVER, British Columbia -- Knight Resources Ltd. (TSX VENTURE:KNP)(FRANKFURT:KRL)

Mr. Harvey Keats, President of Knight Resources Ltd., reports the remaining results for the 2004 diamond drill program on the West Raglan Project. A total of 7,241 metres of BQ and BTW diamond drilling in 60 holes were drilled during the 2004 program and results from the first 15 holes were reported in the Company's news release dated October 18, 2004. Results for the remaining 45 holes are reported below.

The Company has posted on its website, www.knightresources.ca, interactive maps with all drill hole locations and assay results up to hole WR-04-33. Assays results included in this news release will be added to the website shortly.

Highlights of the 2004 diamond drill program are outlined in the table below.

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Area       Hole Number Core Length (metres)    Nickel %     Copper %
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Frontier
 Central      WR-04-78                0.55         5.53         2.28
                                      0.30         1.82         4.20
                                      0.35         3.27         0.75
                                      0.30         1.38         1.92
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Frontier
 South        WR-04-57                8.50         1.83         0.93
                       including      4.50         2.26         0.82
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Frontier
 South        WR-04-69                2.60         1.62         0.76
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Frontier
 South        WR-04-70                1.60         1.08         0.65
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Frontier
 South        WR-04-74               24.50         1.71         0.80
                       including      3.95         5.31         2.07
                       including      2.10         7.32         2.19
                       including      1.35         5.91         2.68
                       including      1.80         3.63         1.28
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Frontier
 South        WR-04-76                6.20         0.94         0.44
                       including      2.95         1.68         0.45
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Seahawk       WR-04-47               14.80         0.83         0.30
                       including      1.00         1.16         0.42
                       including      2.90         1.15         0.43
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Seahawk       WR-04-48                3.50         1.13         0.52
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Frontier
 East(i)      WR-04-23                5.60         0.95         0.28
                       including      1.85         1.62         0.39
                       including      0.30         2.45         0.43
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Red Zone(i)   WR-04-33                0.55         5.75         1.35
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(i) Previously reported in the news release dated October 18, 2004

Drilling near last year's discoveries in the Frontier area, combined with prospecting, has expanded the area of known mineralization, in what is now referred to as the Greater Frontier area, to 3 kilometres by 1 kilometre.

Regional prospecting during 2004 has also resulted in the discovery of sulphide mineralization in ultramafic rocks on surface, in locally derived boulders, and in some cases in drill holes, at sites as far as 20 kilometres west of the Greater Frontier area and 27 kilometres east of the Greater Frontier area.

The new areas are referred to as Red Zone, Target 36, Seahawk and East Frontier South in the Greater Frontier area, as Nanuk and Terrace west of the Greater Frontier area, and as Zone 111, CDC, Boomerang and Beverly east of the Greater Frontier area.

All of the ultramafics explored in 2004 occur at the base of the Chukotat Group, interpreted to be the Raglan Formation, other than the ultramafic at Boomerang which is located in a transition zone near the top of the Povungnituk Group. Importantly, these new discoveries have confirmed the prospectivity of the Chukotat Group along the length of the West Raglan Property as well as the potential for mineralization within the Povungnituk Group.

Attached to this news release is an assay table (Table I) with details of holes WR-04-34 to WR-04-78. Also provided is the percentage of sulphur and a calculation of nickel in 100% sulphide, commonly referred to as nickel tenor. 38% sulphur in 100% sulphide was used in the calculation of nickel tenor. The reader is cautioned that the nickel tenor calculation is increasingly inaccurate when sulphur content and therefore sulphide content is low. Consequently the nickel tenor calculation is only shown for sulphur content of 3% or higher. However for lower sulphur contents the nickel tenor calculation can be used as a guide to assign priorities for follow-up  drilling. High nickel tenors are important indications of the potential for economic mineralization without the necessity for high sulphide content.

Additional surface sample assays received to date are reported in attached Table II.

Greater Frontier Area

In 2003, 16 holes were drilled in the Frontier area to follow up mineralized boulders on surface which resulted in discoveries in drill core at Frontier Central, Frontier South and Frontier East.

This summer, numerous boulders with sulphide mineralization in ultramafic have been discovered in the Greater Frontier Area, augmenting and expanding on the areal extent of mineralized boulders discovered in 2003. Many of the boulders, based on abundance, size and angularity, are interpreted to be locally derived and others are interpreted to be transported.

Frontier Central

In 2004, ten holes were drilled in Frontier Central and results from six were previously reported. Results of an additional four holes are reported in Table I.

WR-04-38 did not intersect significant magmatic sulphides.

WR-04-40 intersected anomalous nickel in 3% disseminated  sulphides in ultramafic (0.16% nickel and 1.09% sulphur over 6.25 metres).

WR-04-64 intersected two zones of anomalous nickel in 1% and 2% disseminated sulphides (0.26% nickel and 0.56% sulphur over 6.60 metres; 0.29% nickel and 0.65% sulphur over 19.50 metres).

WR-04-78 intersected a zone of apparent remobilized magmatic sulphide at the contact of ultramafic and basalt and three zones of remobilized magmatic sulphide in basalt. The magmatic sulphides at the contact of ultramafic and basalt assays 5.53% nickel and 21.10% sulphur over 0.55 metres, with a nickel tenor of 10%. The sulphide zones in basalt assay: 1.82% nickel and 10.10% sulphur over 0.30 metres, with a nickel tenor of 7%; 3.27% nickel and 6.01% sulphur over 0.35 metres, with a nickel tenor of 21%; 1.38% nickel and 6.51% sulphur over 0.30 metres, with a nickel tenor of 8%. WR-04-78 also intersected anomalous nickel in a zone of 3% disseminated sulphide in ultramafic (0.27% nickel and 1.04% sulphur over 6.35 metres) and anomalous nickel in a zone of 8% disseminated sulphides in ultramafic (0.38% nickel and 2.90% sulphur over 4.85 metres).

Results of ten ultramafic boulder samples from Frontier Central were previously reported. Anomalous results of an additional twenty-seven ultramafic boulders are reported in Table II. Nickel grades range from 0.15% to 3.30% and nickel tenors range from 2% to 12%. The variability in nickel tenors is similar to variable nickel tenors in drill core. Field evidence suggests that some of the boulders are in place or locally derived and others have been transported from an unknown source. Results of twenty boulders from an area north of Frontier West, Frontier Central and Frontier East are shown in Table II. The boulders are clearly transported from the south. Anomalous nickel grades in three samples of ultramafic range from 1.62% to 3.57% with nickel tenors ranging from 6% to 9%. One boulder with a nickel grade of 0.39% and a nickel tenor of 2% may be a sulphidic sediment.

Frontier South

In 2004, thirteen holes were drilled in Frontier South and results from one hole were previously reported. Results of an additional twelve holes are reported in Table I.

WR-04-55 intersected anomalous nickel in 2-4% disseminated sulphides in ultramafic (0.31% nickel and 0.79% sulphur over 14.70 metres including 0.49% nickel and 1.49% sulphur over 2.60 metres).

WR-04-57 intersected anomalous nickel in 16% disseminated sulphides in ultramafic (1.83% nickel and 5.97% sulphur over 8.50 metres including 2.26% nickel and 7.34% sulphur over 4.50 metres) with nickel tenors of 12%. The drill holes also intersected anomalous nickel in 3% disseminated sulphides in ultramafic (0.30% nickel and 0.98% sulphur over 7.50 metres). Results from WR-04-57 demonstrate the importance of high nickel tenor and the importance of targeting the higher sulphide portions of the magmatic system.

WR-04-58 did not intersect significant magmatic sulphides.

WR-04-60 intersected anomalous nickel in 2% disseminated sulphides in ultramafic (0.33% nickel and 0.70% sulphur over 16.35 metres).

WR-04-69 intersected anomalous nickel in a zone of 3% disseminated sulphides and zone of 6% disseminated sulphides in ultramafic. The first zone averages 0.48% nickel and 1.05% sulphur over 6.5 metres. The second zone averages 0.68% nickel and 2.30% sulphur over 13.1 metres including 1.62% nickel and 6.17% sulphur (16% sulphide) over 2.60 metres, with a nickel tenor of 10%.

WR-04-70 intersected anomalous nickel in a zone of 6% disseminated sulphides in ultramafic. The zone averages 0.52% nickel and 2.18% sulphur over 5.75 metres including 1.08% nickel and 4.01% sulphur (11% sulphides) over 1.60 metres, with a nickel tenor of 12%.

WR-04-72 intersected anomalous nickel in a zone of 2% disseminated sulphides in ultramafic. The zone averages 0.41% nickel and 0.91% sulphur over 17.60 metres including 0.58% nickel and 1.42% sulphur (4% sulphide) over 6.60 metres.

WR-04-73 intersected anomalous nickel in a zone of 4% disseminated sulphides in ultramafic. The zone averages 0.39% nickel and 1.35% sulphur over 8.00 metres including 0.70% nickel and 2.75% sulphur (7% sulphide) over 2.50 metres.

WR-04-74 intersected a 24.50 metre zone of magmatic sulphides in ultramafic which averages 1.71% nickel and 9.13% sulphur including 5.31% nickel and 25.25% sulphur over 3.95 metres, 7.32% nickel and 35.25% sulphur over 2.10 metres, 5.91% nickel and 27.60% sulphur over 1.35 metres and 3.63% nickel and 19.44% sulphur over 1.80 metres. Nickel tenors range from 7% to 12%. Results from WR-04-74 demonstrate the importance of high nickel tenor and the importance of targeting the higher sulphide portion of the magmatic system.

WR-04-75 intersected two zones of anomalous nickel in 3-4% disseminated sulphides in ultramafic. The first zone averages 0.31% nickel and 1.20% sulphur over 13.70 metres, including 0.51% nickel and 2.55% sulphur over 2.30 metres. The second zone averages 0.21% nickel and 1.55% sulphur over 12.00 metres.

WR-04-76 intersected a zone of 15% sulphides in ultramafic which averages 0.94% nickel and 5.69% sulphur over 6.20 metres, including 1.68% nickel and 8.35% sulphur over 2.95 metres. Nickel tenor ranges from 6-8%.

WR-04-77 intersected anomalous nickel in 2% disseminated sulphides in ultramafic which average 0.33% nickel and 0.84% sulphur over 12.10 metres, including 0.52% nickel and 1.42% sulphur over 1.50 metres.

Red Zone

Red Zone is located approximately 1 kilometre east of Frontier East. Numerous new boulders with disseminated to semi-massive sulphide mineralization in ultramafic have been discovered at Red Zone. Many of the boulders are interpreted to be locally derived. In 2004, nine holes were drilled at Red Zone and the results of two holes were previously reported. Results from an additional seven holes are reported in Table I.

WR-04-34 did not intersect significant magmatic sulphides.

WR-04-35 intersected anomalous nickel in four separate zones of 3-5% disseminated sulphides in ultramafic. The first zone averages 0.30% nickel and 1.88% sulphur over 5.00 metres. The second zone averages 0.27% nickel and 1.32% sulphur over 4.00 metres. The third zone average 0.33% nickel and 1.55% sulphur over 6.00 metres. The fourth zone averages 0.34% nickel and 1.36% sulphur over 1.00 metre.

WR-04-36 intersected anomalous nickel in 6% disseminated sulphides in ultramafic (0.27% nickel and 2.24% sulphur over 3.80 metres).

WR-04-37 intersected anomalous nickel in two zones of 2-3% disseminated sulphides in ultramafic. The first zone averages 0.42% nickel and 1.05% sulphur over 2.00 metres. The second zone averages 0.45% nickel and 0.88% sulphur over 4.00 metres.

WR-04-39 did not intersect significant magmatic sulphides.

WR-04-65 intersected anomalous nickel in 3% disseminated sulphides in ultramafic (0.29% nickel and 1.32% sulphur over 10.40 metres).

WR-04-68 did not intersect significant magmatic sulphides.

Results of nine ultramafic boulders from Red Zone were previously reported. Anomalous results from an additional four ultramafic boulders are reported in Table II. Nickel grades range from 0.16% to 0.85% and nickel tenors range from 3% to 4%.

Seahawk

Seahawk is located approximately 500 metres east of Frontier South. In 2004, seven holes were drilled at Seahawk. Results of seven holes are reported in Table I.

WR-04-45 intersected anomalous nickel in 3-4% disseminated sulphides in ultramafic (0.36% nickel and 0.98% sulphur over 50.00 metres) including 0.51% nickel and 1.64% sulphur over 2.00 metres, 0.48% nickel and 1.65% sulphur over 7.00 metres and 0.51% nickel and 1.58% sulphur over 13.00 metres.

WR-04-46 did not intersect significant magmatic sulphides.

WR-04-47 intersected anomalous nickel in 3% disseminated sulphides in ultramafic (0.33% nickel and 0.98% sulphur over 101.10 metres). The mineralized zone contains an intersection of 0.83% nickel and 2.87% sulphur over 14.80 metres including 1.16% nickel and 4.40% sulphur over 1.00 metre and 1.15% nickel and 4.07% sulphur over 2.90 metres with nickel tenors of 11%. The mineralized zone also contains 3.00 metres of 0.55% nickel and 1.63% sulphur and 15.00 metres of 0.46% nickel and 1.38% sulphur. Results from WR-04-47 demonstrate the importance of high nickel tenor and the importance of targeting the higher sulphide portions of the magmatic system.

WR-04-48 intersected anomalous nickel in 12% disseminated and net textures sulphides in ultramafic (0.51% nickel and 4.46% sulphur over 13.50 metres) including 1.13% nickel and 10.63% sulphur (28% sulphide) over 3.50 metres with nickel tenors of 4-5%. The host to mineralization in WR-04-48 is olivine pyroxenite rather than peridotite, as in WR-04-47, a possible explanation for the lower nickel tenors in WR-04-48.

WR-04-50 intersected anomalous nickel in 3% disseminated sulphides in ultramafic (0.31% nickel and 0.96% sulphur over 12.00 metres).

WR-04-66 intersected two zones of anomalous nickel in 2-3% disseminated sulphides in ultramafic. The first zone averages 0.23% nickel and 1.19% sulphur over 9.00 metres. The second zone averages 0.24% nickel and 0.81% sulphur over 43.50 metres.

WR-04-67 did not intersect significant magmatic sulphides.

East Frontier South

East Frontier South is located approximately 200 metres east of Frontier South and 300 metres west of Seahawk. In 2004, four holes were drilled in East Frontier South. Results from four holes are reported in Table I.

WR-04-51 intersected anomalous nickel in 2% disseminated sulphides in ultramafic (0.32% nickel and 0.90% sulphur over 6.50 metres).

WR-04-54 intersected anomalous nickel in 5% disseminated sulphides in ultramafic (0.18% nickel and 1.88% sulphur over 7.50 metres).

WR-04-62 did not intersect significant magmatic sulphides.

WR-04-71 did not intersect significant magmatic sulphides.

Zone 111 Area

Zone 111 area is located approximately 4 kilometres east of Red Zone. In 2004, two holes were drilled at Zone 111 and results are reported in Table I.

WR-04-56 did not intersect significant magmatic sulphides.

WR-04-59 intersected anomalous nickel in 2% disseminated sulphides in ultramafic (0.30% nickel and 0.92% sulphur over 6.00 metres).

Results from two ultramafic outcrops, one ultramafic boulder and one gabbro boulder from Zone 111 were previously reported. Results from one ultramafic boulder and one ultramafic outcrop are reported in Table II. Anomalous nickel grades range from 0.17% to 0.19% and sulphur contents range from 2.14% to 2.37%.

Rainday Area

The Rainday area, where a single hole was drilled in 2003, is located approximately 2 kilometres east of Zone 111. In 2004, two holes were drilled at Rainday and results are reported in Table I.

WR-04-61 intersected anomalous nickel in 2% disseminated sulphides in ultramafic (0.18% nickel and 0.86% sulphur over 5.00 metres).

WR-04-63 intersected anomalous nickel in a zone of 1% disseminated sulphides and a zone of 5% disseminated sulphides in ultramafic. The first zone averages 0.22% nickel and 0.51% sulphur over 8.00 metres. The second zone averages 0.15% nickel and 2.00% sulphur over 9.15 metres.

Results of four ultramafic boulders and seven ultramafic outcrops are reported in Table II. Anomalous nickel grades in magmatic sulphides range from 0.13% to 0.84% and sulphur contents range from 0.97% to 12.65%. The nickel tenor is 3% from the two outcrop samples with greater than 3% sulphur. One boulder sample with sulphur greater than 3% has a nickel tenor of 1%.

CDC Area

The CDC area is located approximately 14 kilometres east of Frontier. Four holes on two sections have been drilled into the CDC area and results are reported in Table I.

WR-04-41 intersected two zones of anomalous nickel in 3% disseminated sulphides in ultramafic. The first zone averages 0.28% nickel and 1.13% sulphur over 1.00 metre. The second zone assays 0.34% nickel and 1.03% sulphur over 0.95 metres.

WR-04-42 intersected anomalous nickel in a zone of 4% disseminated sulphides and a zone of 5% disseminated sulphides in ultramafic. The first zone averages 0.14% nickel and 1.63% sulphur over 8.00 metres. The second zone assays 0.35% nickel and 1.87% sulphur over 0.95 metres.

WR-04-43 did not intersect significant magmatic sulphides.

WR-04-44 intersected anomalous nickel in 4% disseminated sulphides in ultramafic (0.13% nickel and 1.49% sulphur over 13.00 metres).

Boomerang Area

The Boomerang area is located approximately 27 kilometres east of Frontier, and 14 kilometres east of CDC. In 2004, three holes were drilled in the Boomerang area and results are reported in Table I.

WR-04-49 intersected a zone of massive and associated sulphides, a zone of 11% disseminated sulphides and a zone of 7% disseminated sulphides, all associated with ultramafic. The first zone averages 0.26% nickel and 12.22% sulphur over 5.50 metres with a nickel tenor of 1%, suggesting the zone contains sulphidic sediments. The second zone averages 0.17% nickel and 4.30% sulphur over 1.70 metres with a nickel tenor of 3%. The third zone averages 0.12% nickel and 2.81% sulphur over 13.85 metres. The nickel tenor in magmatic sulphides is typical of the Povungnituk Group.

WR-04-52 intersected a zone of anomalous nickel in 4% disseminated sulphides in ultramafic (0.16% nickel and 1.65% sulphur over 12.50 metres), including 0.31% nickel and 3.85% sulphur over 2.00 metres with a nickel tenor of 3%. The nickel tenor is typical of the Povungnituk Group.

WR-04-53 did not intersect significant magmatic sulphides.

Anomalous results of one ultramafic boulder are reported in Table II. The boulder assays 0.20% nickel and 0.90% sulphur.

Beverly

The Beverly area is located 2 kilometres north of Boomerang in ultramafic interpreted to be the Raglan Formation at the base of the Chukotat Group. Assays from one boulder sample were previously reported. Anomalous results from an additional two ultramafic boulders and three ultramafic outcrops are reported in Table II. Nickel grades range from 0.17% to 0.42% and sulphur content ranges from 0.94% to 1.56%. The Beverly area has not been drill tested.

Terrace Area

The Terrace area is located approximately 12 kilometres west of Frontier. Sulphide bearing ultramafic outcrops have been discovered in the area. In 2003, a mineralized ultramafic boulder was found in a low-lying area and returned 1.22% nickel. Additional mineralized ultramafic boulders were identified in 2004 from the same area. Results of three ultramafic boulders from Terrace were previously reported. Results from four ultramafic outcrop samples are reported in Table II. The nickel grades range from 0.11% to 0.33% and sulphur ranges from 0.75% to 1.27%. The Terrace area has not been drill tested.

Nanuk Area

The Nanuk area is located approximately 20 kilometres west of Frontier, and 8 kilometres west of Terrace. Sulphide bearing ultramafic boulders, interpreted to be locally derived, have been discovered. Anomalous results from four ultramafic boulders are reported in Table II. Nickel grades range from 0.11% to 0.49% with sulphur ranging from 0.96% to 1.64%. The Nanuk area has not been drill tested.

Supplementary Information

The 2004 field program was carried out by West Raglan Project operator Anglo American Exploration (Canada) Limited (AAEC).

Pursuant to an Option and Joint Venture Agreement dated March 26, 2003, the Company has the right to earn a 49% interest in the West Raglan Project from AAEC.

Readers of this news release are cautioned that the attachment includes a description of core length and not of true widths, which are unknown at this time.

AAEC is the operator of the West Raglan Project and is responsible for the sampling and submittal of samples for assay. Assaying of 2004 samples reported in this news release is being carried out and certified by ACME Labs (Pb-FA for platinum, palladium  and gold) and ALS Chemex (nickel, copper, cobalt and sulphur, (Total) by sodium peroxide fusion followed by ICP-AES), both of Vancouver, BC. Sample preparation is being done by Bourlamaque Assay Lab. of Val d'Or, Quebec. The AAEC Qualified Person is Richard Dufresne and the Company's Qualified Person is Kerry Sparkes. Mr. Sparkes is the Qualified Person responsible for this news release.

ON BEHALF OF THE BOARD OF

KNIGHT RESOURCES LTD.

Harvey Keats, President

This 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 the Company expects are forward-looking statements. Although the Company 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, 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 that actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registration statement on Form 20-F filing with the United States Securities Commission and its home jurisdiction filings that are available at www.sedar.com.

To view the accompanying tables please click on the following links:

Table I: http://www2.cdn-news.com/database/fax/2000/KNP1.doc

Table II: http://www2.cdn-news.com/database/fax/2000/KNP2.doc

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