TSX.V: LMS $
OTCQB: LMSQF $

Vancouver, British Columbia, July 4, 2007, Artha Resources Corporation (TSXV: AHC.P) is pleased to announce the terms of the non brokered private placement previously announced on June 20th.

Artha will issue up to 3,715,000 units at $0.35 to raise a total of up to $1,300,250 million. Each unit consists of one common share and one share purchase warrant. Each warrant is exercisable for a period of two years from the closing date into one common share of the Company at a price of $0.65 per share.

Proceeds from the private placement will be used to fund exploration and development work on the advanced uranium properties that the Company has agreed to acquire from Energy Metals Corporation pursuant to the Company's Qualifying Transaction announced on June 21, 2007, as well as for general corporate purposes.

The Company has also granted 65,000 stock options exercisable at a price of $0.38 per share for a period of five years to a Director of the Company. The stock option is subject to vesting as to 25% upon issuance and 25% each six months thereafter pursuant to Artha Resources Stock Option Plan.

The above transactions are subject to regulatory approval.

On Behalf of the Board of Directors,
"Todd McMurray"
President and Chief Executive Officer

For Information Contact
Todd McMurray
Tel: 604 641 1396
Email: todd@artharesources.com
www.artharesources.com

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved the contents of this press release.