Alara Resources Limited

Australian-based minerals exploration and development company Alara Resources Limited (ASX:AUQ) is pleased to report the results from an ongoing drilling programme at its Khnaiguiyah Zinc-Copper Project in Saudi Arabia.

Australian Market Report of March 16, 2011 includes: WPG Resources Limited (ASX:WPG) has commenced a drilling program at the Company's Penrhyn Coal Project in South Australia; Forge Resources Limited (ASX:FRG) has entered into an agreement with Lynas Corporation (ASX:LYC) to sub-lease rare metals and phosphate deposits; Alara Resources Limited (ASX:AUQ) has commenced a phase 2 drilling programme at its Daris East Copper Project in Oman; Northern Star Resources Limited (ASX:NST) reported significant high-grade drilling results at its Paulsens Gold Mine in Western Australia.

Australian Market Report of March 10, 2011 includes: Cardia Bioplastics Limited (ASX:CNN) has appointed Wesco China as its exclusive distributor in China; Manas Resources Limited (ASX:MSR) has commenced an extensive drilling and exploration program at its 100%-owned gold projects in the Kyrgyz Republic; Alara Resources Limited (ASX:AUQ) has commenced a drilling programme at the Khnaiguiyah Zinc Copper project in the Kingdom of Saudi Arabia; Noble Mineral Resources (ASX:NMG) announced high-grade gold intersections at its Bibiani Gold Project in Ghana.

This morning the Australian shares dropped, led by energy and metals & mining stocks, after the US and European markets overnight closed lowered in quiet trade. Both the S&P/ASX200 Index and the broader All Ordinaries Index fell by approximately 0.7 per cent.