TORONTO, ONTARIO - October 1, 2008 - Allana Resources Inc. (TSX-V:AAA) ("Allana" or the "Company"), is pleased to announce that Mr. Farhad Abasov has been appointed President and C.E.O and joined the Company's Board of Directors effective immediately. Before joining Allana, Mr. Abasov held various senior executive positions and directorships with leading domestic and international resource, energy and finance companies. Most recently Mr. Abasov served as Senior Vice President at Potash One. Prior to that Mr. Abasov was Vice President, Portfolio Management and Vertical Integration for Uranium One, managing Uranium One's large asset base in the United States. Mr. Abasov has an MBA in International Business and Finance from the International University of Japan, a leading Japanese business school.

In connection with his appointment, Mr. Abasov has been granted 300,000 stock options at a price of $0.15. The options shall vest quarterly over a period of two years with the first installment vesting on the date of grant, subject to the four month regulatory hold. The options shall be subject to regulatory approval and shall expire five years from the date of grant. Allana also announces that Mr. Tony Wonnacott has resigned as President, C.E.O. and as a Director of Allana. The Company wishes to thank Mr. Wonnacott for his contribution to Allana and wish him well in his future endeavours.

About Allana Resources Inc.
Allana is a publicly traded corporation with a focus on the development of potash assets internationally and recently agreed to acquire extensive potash exploration assets in Ethiopia. Allana has approximately 35 million shares outstanding and trades on the TSX-Venture exchange under the symbol "AAA".

Cautionary Notes
This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, without limitation, statements regarding the impact of the appointment on the Company. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; ability to successfully integrate the purchased properties; foreign operations risks; and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For more information, please contact:
Julian Bharti
Allana Resources Inc.
Tel: (416) 861-5907