Knight Engages Equus Energy Advisors to Provide Energy Consulting Services

January 18, 2012
Number: 02-12

KNIGHT ENGAGES EQUUS ENERGY ADVISORS TO PROVIDE ENERGY CONSULTING SERVICES

VANCOUVER, British Columbia (January 18, 2012) - Knight Metals Ltd. (TSXV: KNP) ("Knight" or the "Company") reports that the Company has retained Equus Energy Advisors Inc. ("Equus"), a company which advises junior oil and gas entities in various facets of the upstream business. Equus consists of the management team that led the turnaround of UNX Energy Corp. ("UNX"), a highly successful 13-month process which culminated with the sale of the company for C$730 million.

Knight has retained Equus to provide guidance on the evaluation, merit and logic of new business and exploration opportunities. In addition, Equus will advise the Company in negotiations with current and future joint venture partners, as well as providing assistance in the use and deployment of various scientific techniques in order to optimize the return potential, marketability and success of the Company's prospect portfolio.
As partial consideration for the services to be rendered by Equus, Knight has granted 900,000 stock options with an exercise price of $0.36 per common share for a period of three years.
ON BEHALF OF THE BOARD OF

KNIGHT METALS LTD. "David Patterson"

Chairman

Suite 2150 • 885 West Georgia Street • Vancouver • BC • Canada • V6C 3E8

Tel: [phone] • Fax: [phone]

Web Site: http://www.knightresources.ca E-mail: [e-mail]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF

THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE