No securities regulatory authority has expressed an opinion about these securities and it is an offence

Khan Resources Inc. Management’s Discussion and Analysis For the three and six months ended March 31, 2009 Khan Resources Inc. Management’s Discussion and Analysis For the three and six months ended March 31, 2009 This management’s discussion and analysis (“MD&A”) relates to the three and six months ended March 31, 2009 updated to May 7, 2009 and should be read in conjunction with the unaudited interim consolidated financial statements of Khan Resources Inc. (the “Company” or “Khan”) for the three and six months ended March 31, 2009 and March 31, 2008 and the related notes thereto. The interim consolidated financial statements have been prepared in accordance with Canadian generally accepted accounting principles (“Canadian GAAP”). Unless otherwise indicated, all amounts in this MD&A are expressed in United States dollars. The date of this MD&A is May 7, 2009. Auditor Involvement The auditor of Khan has not performed a review of the unaudited interim consolidated financial statements for the three and six months ended March 31, 2009, however, its auditor has reviewed the unaudited interim consolidated financial statements for the three and six months ended March 31, 2008. Cautionary Note Regarding Forward-Looking Information This management’s discussion and analysis contains “forward-looking information” which may include, but is not limited to, statements with respect to the future ...