NEWS RELEASE

Golconda Announces Resignation of Director

Calgary, Alberta - August 18, 2008 Golconda Resources Ltd. (TSX-V: GA), (the "Corporation") announces that Robert E. Crancer has submitted his resignation from the Corporation’s board of directors effective immediately. The Corporation thanks Mr. Crancer for his service as a director and will be announcing certain new directors in due course.

For inquires contact:

Irina Liedtke, Manager of Investor Relations

Tel: (403)232-6828

Email: irina@golconda.ca

Web: www.golcondaresources.com

 

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