Khan Resources Inc. (cnsx:KRI) (“Khan” or the “Company”) announced Thursday  that the hearing by an International Arbitration Tribunal slated for November 11 through November 15, 2013 was completed as scheduled. Arguments were heard by the Tribunal from Khan and from the Government of Mongolia on the merits of the case and the damages incurred by Khan due to the illegal expropriation in 2009 of the mining and exploration licenses for the Dornod uranium project in northeastern Mongolia. Khan is seeking damages in the amount of $326 million. The Tribunal has asked for the submission of two post-hearing briefs before rendering their decision. The first post-hearing brief is scheduled for the end of January, 2014 and the second for the end of March, 2014. After receipt of the two briefs, it is expected that the Tribunal will then formulate and render their decision.

Mr. Grant Edey, President and Chief Executive Officer of Khan, commented, “This hearing was the culmination of a long and expensive process. Our case continues to be very robust and we remain confident in a favourable outcome for our shareholders.”