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Abonner Alma Resources Ltd.

Alma Resources Ltd.

Alma Closes Acquisition of Promotora Minera Dialex S.A. de C.V. and First Tranche of Private Placement

Vancouver, Canada (ots/PRNewswire)

Alma Resources Ltd.
(TSX-V/NEX: "ALV.H") ("Alma" or "the Company") is  pleased to
announce the completion of its acquisition of Promotora Minera
Dialex S.A. de C.V. ("Dialex"), a private Mexican company, pursuant
to a  Securities Purchase Agreement dated March 17, 2006. Dialex's
portfolio of  properties consists of 12 exploration concessions near
Cosala and Culiacan in Mexico. The two main properties are the La
Seca (Los Tacotes - gold & silver)  and Barreteros (silver & copper)
properties.
Pursuant to the agreement, Alma has acquired all of the 4,093,600
issued shares of Dialex in exchange for the issuance of an aggregate
of 4, 093,600 common shares of Alma to the existing shareholders of
Dialex. In  addition, the holders of 1,093,000 existing warrants to
purchase additional  Dialex shares have received warrants to purchase
the equivalent number of  Alma common shares, exercisable at a price
of US$1.00 for a period 1  year expiring August 17, 2007.
In addition, the existing shareholders of Dialex will be entitled
to  receive a royalty equal to twenty percent of net profits with
respect to  any iron ore production from the "La Gloria" property if,
when and for so  long as any production therefrom exceeds 25,000
tonnes per day at a royalty  of US$3.00 per ton mined and paid to
Alma.
Private Placement
The Company also announces the concurrent closing of its first
tranche  of a non-brokered private placement of 6,923,441 units at a
price of US$0.70  per unit for gross proceeds of US$4,846,409. Each
unit consists of one common  share and one-half share purchase
warrant of the Company. Each whole  warrant entitles the holder, on
exercise, to purchase one additional common  share of the Company at
a price of US$1.00 at any time until the close of  business on the
day which is one year from the date of issue of the warrant . The
securities issued are subject to a four month hold period expiring
December 17, 2006. The Company may, at its option, require the
exercise of  the warrants within a period of 30 days if the Company's
common shares  close at or above US$2.00 for 10 consecutive trading
days and, if the  Company exercises such option, the warrants will,
if not exercised,  expire at the end of such 30 day period.
The Company paid an aggregate of US$290,153 and issued 70,140
common  shares as finders' fees on a portion of the private
placement.
The proceeds from the private placement will be used for general
working capital and to fund property payments on, and exploration and
development of, the Dialex properties and to fund a reserve for
future  property acquisitions through Dialex.
Graduation from NEX TO Tier 2 of the TSX Venture Exchange
The Company's shares will commence trading on the TSX Venture
Exchange  ("TSX-V") at the opening on August 17, 2006 under the
symbol "ALV". As a  result of this graduation, there will be no
further trading on the  Company's shares under the symbol ALV.H on
the NEX after August 16, 2006,  and its shares will be delisted from
the NEX at the commencement of  trading on the TSX-V.
Grant of Incentive Stock Options
The Company granted an aggregate of 1,020,000 stock options to
employees, consultants and a director of the Company at a price of
US$0.70 per share, expiring five years from date of grant.
ON BEHALF OF THE BOARD OF DIRECTORS
(signed) "Lawrence Talbot"
Lawrence W. Talbot
CEO and Director
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this
Press Release, which has been prepared by management.

Contact:

For further information: ALMA RESOURCES LTD., Suite 507 - 700 West
Pender Street, Vancouver, B.C., CANADA, V6C 1G8, Telephone:
+1-604-669-9788, Facsimile: +1-604-669-9768