Kaminak Gold Corporation

Kaminak Gold Corporation

October 27, 2009 08:30 ET

Kaminak’s Coffee Property Continues to Yield High-Grade Trenching Results: 11.72 g/t Au over 10m and 8.56 g/t Au over 15m; Announces Plans for Initial 5000m Drill Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 27, 2009) - Kaminak Gold Corporation (TSX VENTURE:KAM) is pleased to announce new chip sample / trenching results from the Supremo gold-in-soil anomaly on the Company's 100% owned Coffee property. Additional trench results from the Latte, Kona and Espresso gold-in-soil anomalies will be available in the coming weeks. Management has also approved plans for a minimum 5000m Phase One diamond drill program scheduled to begin in the spring / summer of 2010. This will be the first ever drill program on the Coffee property and can be funded through Kaminak's existing treasury.

Supremo Trench Results

Results are presented here from follow-up cross-cut trenching that was completed near Trench #3 where a previous result of 2.3 g/t Au over 21m was obtained. This earlier result was from an east-west trending shallow trench. Two new north-south trending trenches 6m apart from one another were dug directly on top of the original east-west trench in hopes of expanding the known extent of the mineralization. Results include 11.72 g/t Au over 10m from one trench and 8.56 g/t Au over 15m from the other trench. Both of these high-grade results begin right next to the original trench and extend northerly.

The significance of these results is simplified on a sketch map available on the Company website at www.kaminak.com. The true width or extent of this zone is not fully known partially due to the oxidized and rubbley nature of the trench material, but it appears to have a roughly east to northeast trend. This new data has identified high-grade gold in rock as well as successfully extending the known area of mineralization in the Trench #3 area.

A separate interval of 1.76 g/t Au over 25m was uncovered from Trench #2, approximately 100m from Trench #3. The relationship between these occurrences is being investigated; however, initial observations suggest they are separate geological targets possibly hosted by a series of stacked structurally-controlled zones.

These represent the final assays from the 2009 trenching program at the Supremo target. This program successfully identified several drill targets in addition to the results discussed in this release from Trenches #2 and #3. Other notable targets include Trench #6 (11.45 g/t Au over 5m), Trench #8 (1.37 g/t Au over 30m) and Trench #4 (0.53 g/t Au over 45m). Additional trench results are pending from the Latte, Espresso and Kona targets and will be released in the coming weeks. Phase One drilling in 2010 will focus on evaluating priority targets from across the property and will be designed to test shallow, near surface targets.

Anomalous gold values in the Supremo region are associated with heavily bleached and weathered rock comprised primarily of sericite and quartz. This host rock is heavily altered; however, a progression from fresh felsic gneiss can be observed within the trenches. There also seems to be a correlation between high gold values and several pathfinder elements, including arsenic (As) and antimony (Sb). Overall, gold values for 25 total samples reported here ranged from below detection level to a high of 13.79 g/t Au. Sampling consisted of continuous chip samples over 5m intervals of oxidized and weathered rubble sub-crop that is interpreted as being near in-place.


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. Rock samples were shipped to Acme Laboratories of Vancouver, B.C. for analyses. 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.

Contact Information