TORONTO, ONTARIO--(Marketwire - June 16, 2008) - Nilam Resources (OTCBB:NILR) is pleased to announce it has retained the services of AGORACOM Investor Relations ("AGORACOM") (http://www.agoracom.com) to provide online investor relations services, a Web 2.0 social network for current shareholders and Tier-1 awareness through the world's biggest websites for the purpose of attracting new shareholders.

Nilam Resources Inc. (OTCBB: NILR)(FRANKFURT: 3NL) is pleased to announce that it has entered into a Letter Of Intent with Caribbean Copper & Gold Corporation ("CCGC") for acquiring all of the outstanding shares of CCGC's Colombian subsidiary, Cobre y Oro de Colombia S.A. ("Cobre").

Nilam Resources Inc. (OTCBB: NILR)(FRANKFURT: 3NL) today announced its plans to engage a financial institution for a secondary offering and a listing on the Toronto Stock Exchange.

Nilam Resources Inc. (OTCBB: NILR)(FRANKFURT: 3NL) is pleased to announce that the company has received a financing commitment for $3 million. The financing will be used to complete the purchase of the company's Pativilca mine located in Peru and to increase production on the Pativilca mine.

Nilam Resources Inc. (OTCBB: NILR)(FRANKFURT: 3NL) previously announced future revenues of over $91,000,000 based on a gold price of $1000 USD/ounce. This is linked to our expansion plan to bring the Pativilca mine to a production of 500 tons per day.