Kaminak Gold Corporation
TSX VENTURE : KAM

Kaminak Gold Corporation

September 24, 2009 08:30 ET

Kaminak Completes Airborne Geophysical Survey and Initiates Follow-Up Field Program on TBN Platinum-Palladium Project, Northwest Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2009) - Kaminak Gold Corporation (TSX VENTURE:KAM) today announced the commencement of a field program on the company's 100% owned "TBN" Platinum-Palladium Project located near Thunder Bay, Ontario. This field program was initiated upon receiving preliminary data from the recently completed high-definition AeroTEM 2 electromagnetic and magnetic survey (see Kaminak news release dated August 10th, 2009).

The field program will consist of prospecting and sampling high-interest AeroTEM anomalies associated with major structural trends and will focus on ground-truthing 14 potential dyke shaped bodies that were identified by the newly acquired AeroTEM data. These types of controlling structures are thought to be important hosts for mineralization on the adjacent Current Lake property operated by Magma Metals Ltd. Colour-contoured geophysical maps of the Kaminak survey are available to view on the Company's website at www.kaminak.com.

Kaminak's disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Rob Carpenter, Ph.D., P.Geo., Kaminak's president and CEO, who serves as a Qualified Person under the definition of National Instrument 43-101.

About Kaminak

Kaminak Gold Corporation is an opportunity focused, prospect generator whose technical strength and entrepreneurial drive is complemented by a proven, successful business model designed to create shareholder value. The company has an extensive portfolio of discovery-stage projects that offer world-class exploration potential and present exposure to strategic commodities with an emphasis on gold.

Kaminak's financial discipline has enabled the company to acquire a healthy treasury, remain debt-free and maintain a very low corporate burn-rate. Well positioned to take advantage of the current market, Kaminak is actively engaged in seeking out market-friendly opportunities that are value-driven with high-potential for discovery.

On behalf of the Board of Directors of Kaminak

Rob Carpenter, Ph.D., P.Geo., President and CEO

Kaminak Gold Corporation

For further information about Kaminak Gold Corporation or this news release, please visit our website at www.kaminak.com. Kaminak is a member of the Discovery Group of companies. For more information on the group please visit www.discoveryexp.com.

Certain disclosures in this release, including management's assessment of plans and projects and intentions with respect to listings of securities, use of proceeds and future exploration programs, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Kaminak's operations as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including risks as to the completion of the plans and projects. Readers are cautioned not to place undue reliance on forward-looking statements. Kaminak expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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