JORC MINERAL RESOURCE ESTIMATE FOR PART OF THE CHILISAI LICENCE AREA

   25.01.2010

JORC MINERAL RESOURCE ESTIMATE FOR PART OF THE CHILISAI LICENCE AREA

Sunkar (AIM:SKR) is pleased to announce its mineral resource estimate, prepared by Wardell Armstrong International Limited ("WAI"), covering some 40% of the Company's 836 sq km Chilisai licence area ("Licence Area") in accordance with the guidelines of the Australasian Code for Reporting of Exploration Results, Mineral Reserves and Ore Reserves ("JORC").

HIGHLIGHTS

• The JORC resource estimate covers 40% of the Sunkar licence area. This is the area closest to the proposed fertiliser plant site
• The area contains more than sufficient resource to meet the first 20 years of planned ore extraction at a rate of 10 million tonnes per annum
• 293 million tonnes in the JORC Measured and Indicated categories with a grade of 10.6% P2O5 at a 5% cut-off grade for a total of 31 million tonnes contained P2O5
• Total resource including Inferred ore is 475.4 million tonnes with a grade of 10.6% for a total of 50 million tonnes contained P2O5
• Observations from trial pits and long trenches, which bound 400m x 400m mining panels, confirm the phosphate rock in the Licence Area forms a layer that is fairly uniform in terms of thickness and properties but varies in terms of its structure (occurrence of top plate, nodule and pebble zones within the ore body)

Serik Utegen, Chief Executive Officer of Sunkar commented:

"At this stage, we have estimated a JORC resource covering some 40% of the Chilisai 836 sq km licence area, sufficient to support Sunkar's economic assessment of the project. This confirms the previous Soviet estimate and will comfortably support a mine life of at least 20 years at our planned production rate of 10 million tonnes per annum. Coupled with results of the recently announced pilot plant test programmes, which support the ability of the ore to produce international grade fertiliser successfully, this JORC resource estimate is a significant milestone in the development of the Chilisai project. During the course of 2010 and in tandem with the definitive feasibility study ("DFS"), WAI will continue their review of the data for the remainder of the licence area.

This news is further confirmation that the Company is achieving its development programme outlined at the time of the Company's IPO in June 2008: trial mining and beneficiation has successfully been producing 17% grade concentrate; pilot phosphoric plant tests have proved the 17% concentrate can produce acid of a quality to make ammoniated phosphate fertilizers and finally this resource estimate demonstrates the project has sufficient ore to sustain annual P2O5 output of 800,000 tonnes."

MINERAL RESOURCE ESTIMATE

The estimate below covers 40% of the Licence Area and is based on digitised data for that part of the deposit only. Work continues to incorporate digitised data for the remainder of the Licence Area with the intention of incorporating this into the resource model.

WAI Mineral Resource Estimate for Chilisai, at 5% cut off grade
Classification	Volume (,000m³)	Tonnage (kt)	Grade (%P2O5)	P2O5 (kt)
Measured	29,303	60,857	11.02	6,706
Indicated	114,447	232,218	10.49	24,359
Measured + Indicated	143,750	293,074	10.60	31,064
Inferred	89,557	182,321	10.60	19,329
TOTAL	233,307	475,395	10.60	50,393

Notes:

1. Mineral Resources are not reserves until they have demonstrated technical and economic viability based on a feasibility study or pre-feasibility study.
2. Mineral Resources are reported inclusive of reserves and take no account of loss and/or dilution.
3. The contained P2O5 represents estimated contained mineral in the ground and has not been adjusted for the processing recovery of P2O5.

Dr Philip Newall, Director of Minerals, WAI has reviewed and approved the contents of this announcement as a Qualified Person as defined in the AIM Rules. Dr Newall BSc (ARSM), PhD (ACSM), CEng, FIMM has over 20 years experience of providing consultancy services to minerals companies throughout the world.


For further information please contact:
Sunkar Resources plc
Serikjan Utegen, CEO Tel: +44 20 7930 8678
Donald Sinclair, CFO

Canaccord Adams Limited
Mike Jones Tel: +44 20 7050 6500
Bhavesh Patel

GMP Securities Europe LLP
James Cassley Tel: +44 20 7647 2800
Jeremy Wrathall

Bankside Consultants
Simon Rothschild Tel: +44 20 7367 8888
Louise Mason



Editors Notes

Sunkar Resources plc

Sunkar Resources plc (AIM:SKR) commenced mining following its IPO in June 2008. Sunkar's wholly owned subsidiary in Kazakhstan holds a Subsoil Use Contract to part of the Chilisai Phosphate Rock Deposit in NW Kazakhstan.

Sunkar's strategy is to build an integrated world class ammoniated phosphate fertiliser project with low operating costs. Sunkar's low cost base derives from its near surface phosphate rock deposit, access to sulphur from the nearby Tengiz oil field and regional long-term marginal priced gas.

The Chilisai Phosphate Rock Deposit is ideally located on a transportation hub that spans the agricultural markets from Western Europe through to China.

JORC Code, Resource Definitions:

DEFINITIONS OF EXPLORATION RESULTS, RESOURCES & RESERVES EXTRACTED FROM THE JORC CODE: (December 2004) (www.jorc.com)

A 'Mineral Resource' is a concentration or occurrence of material of intrinsic economic interest in or on the Earth's crust in such form, quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade, geological characteristics and continuity of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories.

An 'Inferred Mineral Resource' is that part of a Mineral Resource for which tonnage, grade and mineral content can be estimated with a low level of confidence. It is inferred from geological evidence and assumed but not verified geological and/or grade continuity. It is based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes which may be limited or of uncertain quality and reliability.

An 'Indicated Mineral Resource' is that part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence. It is based on exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. The locations are too widely or inappropriately spaced to confirm geological and/or grade continuity but are spaced closely enough for continuity to be assumed.

A 'Measured Mineral Resource' is that part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a high level of confidence. It is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. The locations are spaced closely enough to confirm geological and/or grade continuity.

An 'Ore Reserve' is the economically mineable part of a Measured and/or Indicated Mineral Resource. It includes diluting materials and allowances for losses which may occur when the material is mined. Appropriate assessments and studies have been carried out, and include consideration of and modification by realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social and governmental factors. These assessments demonstrate at the time of reporting that extraction could reasonably be justified. Ore Reserves are sub-divided in order of increasing confidence into Probable Ore Reserves and Proved Ore Reserves.