International Kirkland Minerals Inc.

International Kirkland Minerals Inc.

February 01, 2007 17:57 ET

International Kirkland Identifies Kilometric-Size Coincident Regional Geochemical and Radiometric Anomalies on Their James Bay Uranium Property, Quebec

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 1, 2007) - International Kirkland Minerals Inc. ("IKI" / the "Company") (TSX VENTURE:IKI) is pleased to announce that it has received the geophysical data from an airborne magnetic, electromagnetic and radiometric survey completed by GPR Geophysics International Inc., of Longueil (Quebec), on the Company's Rupert River Uranium Property (the "Property"; Figure 1 Location Map on IKI website). The Property is located in the James Bay Mining District, in northern Quebec, and consists of 16 claim blocks covering 588 km2.

Previous work on the Property was reported in a technical report titled, "NI 43-101 Technical Report of the Rupert River Property (Claim Blocks 1 to 16), Quebec, by Jean-Pierre Berube, P. Eng., and Jean Lafleur, P. Geo., dated July 10, 2006", and is available at www.sedar.com).

The Property is underlain by major NE-SW trending gneisses, granitoids and pegmatites, historically known for their anomalous radioactive content, and numerous circular and near vertical planar structural features. The Property was part of a previous 106,200 km2 regional geochemical survey completed in the late 1970's, where 18,450 lake-bottom sediment samples were taken for analytical work (MRNQ files from 1976 to 1980).

Highlights from the historical and current work include the discovery of the "Zita" occurrence in 1979 (MRNQ files 1979, 1980) at Lacroix Lake (claim block 32O/12A). Soil sampling uncovered a 10 kilometer wide anomalous uranium corridor, with one soil sample returning 88 lbs U3O8 per tonne. SPP2 scintillometer readings ranged from 750 to 10,000 cps (Berube and Lafleur, 2006), overprinting geochemical anomalies (from lake-bottom, soil and bedrock samples) and airborne radiometric signatures from the recently completed airborne geophysical survey. Historical sampling of surrounding radioactive metric wide pegmatites, and centimetric hematized and brecciated NE and NW trending fractures gave 4.4 to 6.6 lbs U3O8 per tonne.

Additional uranium anomalies include the Du Glas (claim block 32O/15D) and Tee Pee Lakes (claim block 32O/15F), both located 55 and 75 km NE of Lacroix Lake, respectively. The anomalies are part of an extensive 30+ km wide band of granites and pegmatites, where SPP2 scintillometer readings gave more than 1,000 cps. There are high airborne radiometric values (750 cps) over the uranium anomaly at Tee Pee Lake. The Mitchkine Lake uranium anomaly (claim block 32O/12B), located 10 km SE of Lacroix Lake, is part of the same lithological, geochemical and geophysical package as at Lacroix Lake.

The authors of the NI 43-101 Technical Report stated that the Property contains the potential of vein-type and disseminated-type uranium mineralization linked to pegmatites and NE and NW fractures. The known uranium occurrences are generally associated with magnetic and radiometric highs, hematized and brecciated fault zones and geochemical signatures (uranium, copper, zinc, nickel, molybdenum and cobalt) that could potentially lead to large scale and near surface uranium mineralization. The Company plans to use a Rossing-type exploration approach. Rossing is a disseminated low grade uranium deposit of at least 300 million tonnes in pegmatites within a 1 by 2.5 kilometer orebody grading between 0.33 and 0.77 lbs U3O8 per tonne (Rossing website at www.rossing.com).

In addition to the recently completed airborne geophysical survey which used the latest magnetic, EM and radiometric technologies, IKI also plans in the coming weeks to mobilize an initial phase of approximately 500 drill holes, each hole approximately 10 meters in length, within the four main target areas (Lacroix, Du Glas, Tee Pee and Mitchkine lakes), using a portable drill to evaluate the near surface uranium content and size potential.

The information in this news release has been prepared by Mr. Jean Lafleur, P. Geo., the Company's principal mineral exploration consultant in Quebec, and Qualified Person under National Instrument 43-101.

Finally, IKI announces that it has settled the terms of a non-brokered private placement for 2,000,000 units at $0.15 per unit for gross proceeds of $300,000. The unit offering shall consist of 90% flow through shares and 10% non-flow through shares. Each unit shall consist of one share at $0.15 and one half share purchase warrant attached to each share. One whole warrant entitles the holder to acquire one further share of the Company at $0.20 per share for a one year term. A 10% cash finders fee and 200,000 broker warrants at $0.15 per warrant, exercisable for a one year term, are payable in connection with the offering to Canaccord Capital Corporation.

The foregoing information may contain forward-looking statements relating to the future performance of IKI. Forward-looking statements, specifically those concerning future performance, are subject to certain 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 securities commissions.

To view Figure 1: Location Map of the Rupert River Uranium Property and Claim Blocks, please click on the following link: http://www.ccnmatthews.com/docs/iki0201.pdf

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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