International Kirkland Minerals Inc.

International Kirkland Minerals Inc.

November 19, 2008 17:45 ET

International Kirkland ("IKI") Property Updates and Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2008) - International Kirkland Minerals Inc. ("IKI" / the "Company") (TSX VENTURE:IKI) announces the following property updates for the Creelman Roberts Uranium property, Ontario, the Cosby Walker property, Ontario and the Rupert River Uranium property, Quebec.

Creelman -Roberts Uranium Property, Ontario; Work consisting of data processing and interpretation of radiometric surveys carried out during the summer of 2008 is substantially complete. In addition, surface sampling, field reconnaissance, and ground based scintillometer surveys have been completed and some anomalous uranium values have been encountered. Further surface sampling and trenching has been recommended. The entire work program at Creelman Roberts from July, 2008 to December 31, 2008 is estimated at a cost of approximately $310,000.

Walker-Cosby, Base Metal-Gold Property, Ontario; Ground reconnaissance and review of the summer 2008 drill program is ongoing and a summary report on past and any future recommendations for further work will be detailed in an upcoming report by the Qualified Person for this property. This report is expected by December 31, 2008.

Rupert River Uranium Property, Quebec; A final report on 2008 work and any future work recommendations is being completed by the Qualified Person for this property. This report is expected by December 31, 2008. In addition, the Company has filed an action against the field operator to cause transfer and good standing of title concerning the Rupert River property into IKI's name in accordance with a Trust Agreement dated April 24, 2007. IKI is also claiming damages incurred by IKI as the operator's failure to file work completed on the property or their failure to transfer title to IKI. The operator is claiming alleged fees owed to the operator from IKI for field services provided in 2008 of an aggregate unaudited amount of approximately $290,000. A trial date of April 8, 2009 has been set concerning this matter.

The Qualified Person for the above properties is Mr. Robert (Bob) Laakso of Holland Landing, Ontario, and he has reviewed the contents of this release.


IKI announces a private placement by Augen Capital Corp. ("Augen") of 2,000,000 shares of IKI at $0.03 per share for gross proceeds of $60,000. The private placement is subject to TSX.V approval. In addition, IKI has entered into a consulting agreement with Augen whereby Augen will primarily provide fiscal advisory services, project search and management services to IKI over the next 24 month period at $2,500 per month.

The Company announces the appointment of Ms. Sandra Wong, CGA, as Chief Financial Officer ("CFO") of the Company.

Ms. Wong holds a Bachelors of Commerce degree in marketing from the University of British Columbia and obtained her Certified General Accountant (CGA) designation in 1999. Ms. Wong has over ten years of working experience with several TSX-Venture Exchange listed companies in the area of financial reporting and company management.

The forgoing information may contain forward looking statements relating to the future performance of the Company. Forward looking statements, specifically those concerning future performance and financing relating thereto, are subject to a high degree of risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate regulatory authorities. We seek safe harbour.

Shares Issued: 20,709,118
Restricted Shares: Nil
Stock Options: 1,760,000 @$0.12 to $0.175
Warrants: 2,921,190@$0.22 av.

The TSX Venture Exchange neither approves nor disapproves of the information contained herein.

Contact Information

  • International Kirkland Minerals Inc.
    Mr. Robert (Rob) Riley
    (604) 681-3170
    International Kirkland Minerals Inc.
    Jonathan Samuda
    (604) 681-3170
    (604) 681-3552 (FAX)