Kaminak Gold Corporation

Kaminak Gold Corporation

September 21, 2009 08:45 ET

Kaminak Stakes 210 Additional Claims in the Yukon's White District Based on Newly Recognized Gold-in-Soil Trends

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 21, 2009) - Kaminak Gold Corporation (TSX VENTURE:KAM) is pleased to report the company has staked 210 additional claims (4,250 hectares) in the emerging White Gold District of the Yukon. The newly acquired claims tie-on to the southwest corner of the Company's Coffee property and extend south and west to the Company's Cream property. Kaminak now holds title or has title pending to over 13,000 hectares (32,000 acres) in the White District.

These claims were staked in order to cover the possible extensions of newly defined soil anomalies on the Coffee property. Kaminak has now received results for over 2,250 soil samples from across the property, resulting in the definition of eight (8) separate gold-in-soil trends occurring over a length of 11 kilometres. Several of these trends remain open to expansion. From west to east these trends are named; Espresso, Kona, Latte, Supremo, Double Double, Mocha, Arabica and Java. With the exception of Supremo, all of these trends were identified in this year's soil sampling program. Of note, the Latte trend extends over 800m long by 50-100m wide, averages 603 ppb Au along the entire length and is open to the west. Maps showing the location and intensity of these trends are now available on Kaminak's website, www.kaminak.com.

Kaminak is currently awaiting rock assays from 494 chip samples taken from shallow trenches which were dug over priority gold-in-soil anomalies at the Supremo and Latte trends. Results are expected in the coming weeks. To date, only 50 rock assay results from trenching have been received by Kaminak successfully identifying gold surface mineralization on the Supremo trend and grading 2.3 g/t Au over 21m (see Kaminak news release dated August 13th, 2009). Additional trenching is ongoing at the Kona and Espresso trends.

Once all trench results have been received, Kaminak will proceed with an initial diamond drill program over priority targets in the spring of 2010. Expected winter weather conditions will force the current field program of trenching and soil sampling to be completed before the end of September.

A total of 2,250 soil samples have been analysed so far during the 2009 season and 81 of these samples yielded results greater than 75 ppb Au (highest threshold). Overall, results ranged from background (less than 15 ppb Au) to a high of 3,156 ppb Au or 3.156 g/t Au. Gold-in-soil anomalies are also associated with high arsenic (As) and antimony (Sb). Two hundred and twenty five samples yielded arsenic values greater than 100 ppm As (range 1 to 967 ppm) and twenty two samples assayed greater than 8 ppm Sb (range 0 to 117 ppm).


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. Samples were shipped to Acme Laboratories of Vancouver, B.C. for analyses. Samples were crushed and pulverized using a mild steel ring and puck mill. 30 gram aliquots were then weighed into fire assay crucibles and the samples are placed in a cupel and fired at 950 degrees Celsius. After cooling, 10 ml of HCl is added in order to dissolve gold particles. Solutions are analysed for Au on a Varian 735 ICP-ES. Certified reference materials are inserted into the batch and results were verified by a British Columbia Certified assayer. The Coffee property represents an early stage exploration property and does not contain any mineral resources as defined by 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

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.

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

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