Option Over Davis and Paradise Valley Claims Acquired

VANCOUVER - Makara Mining Corp. has acquired the right to earn a 60% interest in the Davis and Paradise Valley claim blocks located in Nye County, Nevada, from Almadex Minerals Ltd. The Project encompasses 900 hectares consisting of two contiguous parcels of land, being the Davis claims to the north and the Paradise Valley claims to the south. The Davis claims, comprising 34 claims over 270 hectares, are held pursuant to a mining lease with the State of Nevada. The Paradise Valley claims are comprised of 79 newly staked claims over 630 hectares. The Project is located eight miles southeast of the village of Gabbs, Nevada, and five miles northeast of the closed Paradise Peak mine of FMC Gold, which was a successful gold, silver, mercury deposit, producing a total of 1.6 million ounces of gold and 24.1 million ounces of silver between 1986 and 1994.

J. Duane Poliquin, Chairman of Almadex, said, "We have been accumulating mineral rights in the area of the Project for several years, and with this large cohesive and prospective package now in place we are excited to work with Makara to advance the exploration programs".

The Paradise Peak claims are known to contain mineralization hosted by Oligocene to Miocene andesitic and rhyolitic rocks which are broadly strata bound and dipping gently to the southeast. The Paradise Valley claims cover an area of intense hydrothermal alteration interpreted to represent a high sulphidation gold system similar to that of the closed Paradise Peak mine located just to the west. Potential also exists for porphyry mineralization which also has been found at the adjacent Paradise Peak area of alteration.

The Davis property is a separate area of hydrothermal alteration hosting low sulphidation epithermal veins on which there has been historic small-scale mining and exploration drilling. The Davis property was explored historically by several operators, including from 1979 to 1982 by USSRam Exploration, which conducted a nine hole drill program at the historic Davis Mine to test for mineralization beneath the old mine workings. More recently another operator drilled additional holes in the same general area of the previous drilling. The historic drilling data indicates the potential for significant widths and grades in the Davis epithermal vein system. While this historic drilling is not NI 43-101 compliant and cannot be relied upon, it provides clear exploration focus. For example, one of the deepest drill intercepts in the Davis mine area is reported to have returned an intercept (true width unknown) of 40 feet (12.2 meters) of 0.18 oz/t gold (6.2 g/t gold) and 0.62 oz/t silver (21 g/t silver).