GOLCONDA RESOURCES LTD. 

Suite 780, Eau Claire Place II

521 – 3^rd Avenue S.W.

Calgary, AB  T2P 3T3                         

          May 8, 2007

News Release

Golconda Applies for Extension to Share Purchase Warrants

             Golconda Resources Ltd. wishes to announce that it has applied to the TSX Venture Exchange for a six month extension of the expiry date of 2,750,000 share purchase warrants to November 14, 2007. The warrants were issued pursuant to a private placement of 5,500,000 shares with 2,750,000 non-transferable share purchase warrants attached, which was accepted for filing by the Exchange effective May 15, 2006. 2.3% of the warrants are held by an officer and director, and 45.45% are held by a party who became an insider by participating in the private placement.

             Golconda’s CEO Guenter J. Liedtke, P.Geol. is the designated qualified person for the purposes of National Instrument NI 43-101 Standards of Disclosure.

On behalf of Golconda Resources Ltd.,

 Guenter J. Liedtke, President 

For more information please contact Guenter Liedtke - Ph:  403.232.6828    Fax: 403.232.8650 

E-mail: golcondaresources@telus.net  Website: www.golcondaresources.com

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