Khan Responds to News Release Issued by Atomredmetzoloto JSC

TORONTO, ONTARIO–(Marketwire – Dec. 22, 2009) – Khan Resources Inc. (TSX:KRI) (“Khan”) announced today its response to the news release issued by Atomredmetzoloto JSC on December 18, 2009 (the “ARMZ Release”). The ARMZ Release was in response to Khan’s Directors’ Circular dated December 14, 2009 in which the Khan Board of Directors, on the unanimous recommendation of the Special Committee, unanimously recommends that shareholders REJECT and NOT TENDER their shares to ARMZ’s unsolicited offer to acquire all of the outstanding common shares of Khan at $0.65 in cash per share (the “Offer”).