Kiska Metals Corporation
TSX VENTURE : KSK

Kiska Metals Corporation

August 06, 2009 10:58 ET

Kiska Metals Commences Trading

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 6, 2009) - Kiska Metals Corporation (TSX VENTURE:KSK) is pleased to announce that it has commenced trading on the TSX Venture Exchange under the symbol "KSK". Kiska Metals Corporation was formed by the combination of two international mineral exploration companies; Rimfire Minerals Corporation and Geoinformatics Exploration Inc. This combination brings together complementary exploration portfolios and creates a strong team to advance Kiska's flagship project, the Whistler gold-copper project 150 kilometres northwest of Anchorage, Alaska.

Kiska Metals Corporation Highlights

- An exploration company with a NI 43-101 compliant resource of 1.31 and 4.44 million gold equivalent ounces in the Indicated and Inferred resource categories, respectively.

- Extensive property portfolio focused on precious metal targets in Alaska, British Columbia, Nevada and Mexico.

- Strong management team skilled in leveraging exploration via strategic partnerships with international mining companies.

- Strong Board of Directors with expertise in capital markets and project advancement.

The Whistler Property

Kiska's assets include the wholly-owned Whistler gold-copper porphyry project which hosts a NI 43-101 indicated resource of 1.31 million ounces gold-equivalent and an inferred resource of 4.44 million ounces gold-equivalent in the Whistler Zone (see Appendix 1). The property is located 150 kilometres northwest of Anchorage, Alaska, covers an area of approximately 440km2 and is situated in the same geological belt that hosts the world class Pebble copper-gold porphyry deposit. In addition to the Whistler Zone resource, the property includes multiple targets within 10 kilometres of the Whistler Zone, including the 2008 Raintree West discovery where a single hole to date intersected 160 metres averaging 0.59 g/t gold, 0.10% copper and 6.02 g/t silver (refer to Geoinformatics press release dated November 4, 2008 for details).

Kiska Metals has 47,600,534 shares issued and outstanding and 51,429,851 shares on a fully-diluted basis. Further information can be found at the Company's website, www.kiskametals.com.

On behalf of Kiska Metals Corporation

Jason Weber, P.Geo., President & CEO

CAUTIONARY STATEMENT: This News Release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Kiska Metals Corporation, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Kiska's expectations are the risks detailed herein and from time to time in the filings made by Kiska Metals Corporation with securities regulators. Those filings can be found on the Internet at http://www.sedar.com and http://www.sec.gov/edgar/searchedgar/companysearch.html.



APPENDIX 1.

Mineral Resource Statement for the Whistler Gold Deposit, Alaska
Prepared by SRK Consulting (Canada) Inc. February 2008
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Tonnes and Grades Total Contained Metal
----------------------------------------------- ------------------------
Gold Gold
Tonn- Sil- Cop- Eq Sil- Cop- Eq
Resource age Gold ver per (3) Gold ver per (3)
Category (Mt) (g/t) (g/t) (%) g/t (Moz) (Moz) (Mlb) (Moz)
----------------------------------------------- ------------------------
Indicated
(open-pit(1)) 30 0.87 2.46 0.24 1.35 0.84 2.37 159 1.31
----------------------------------------------- ------------------------
Total
Indicated 30 0.87 2.46 0.24 1.35 0.84 2.37 159 1.31
----------------------------------------------- ------------------------
Inferred
(open-pit(1)) 123 0.59 2.07 0.19 0.98 2.33 8.19 515 3.86
----------------------------------------------- ------------------------
Inferred
(under-
ground(2)) 11 1.16 3.55 0.24 1.66 0.41 1.26 58 0.59
----------------------------------------------- ------------------------
Total
Inferred(4) 134 0.64 2.18 0.20 1.05 2.74 9.44 573 4.44
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1. Reported within a conceptual pit shell and based at a cut-off grade of
0.3 g/t gold equivalent adjusted for metallurgical recovery.

2. Reported based on an underground bulk mining method using a cut-off
grade of 1.1 g/t gold equivalent adjusted for metallurgical recovery;

3. Total grade and Total Contained Metal gold equivalent grade and ounces
estimated based on equal full recoveries, $550 per ounce gold, $8 per
ounce silver and $1.50 per pound of copper;

4. Totals may vary due to rounding.


No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contact Information

  • Kiska Metals Corporation
    Jason Weber
    President and CEO
    604-669-6660
    or
    Kiska Metals Corporation
    Patrick Moodie
    Manager of Corporate Communications
    604-669-6660
    www.kiskametals.com