International Kirkland Minerals Inc.

International Kirkland Minerals Inc.

September 18, 2007 21:26 ET

International Kirkland Announces Closing of $2.2M Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2007) - International Kirkland Minerals Inc. ("IKI" / the "Company") (TSX VENTURE:IKI) announces that its private placement offering of 27,716,500 units at $0.08 each which raised total proceeds of $2,217,320 has now closed.

Each unit consists of one Flow-Through common share of the Company at $0.08 per share plus one half non-Flow-Through share purchase warrant. Each whole warrant entitles the holder to acquire a further non-Flow-Through common share of the Company at $0.09 per share until September 18, 2008. All of the securities issued pursuant to the offering are subject to a four-month hold period and accordingly may not be traded until January 18, 2008. An aggregate of 725,000 units were taken up by insiders of the Company.

In connection with the offering, various agents were issued shares of IKI as finder's fees equal to 10% of the proceeds raised by the agents as well as non-transferable compensation warrants equal to 5% of the units subscribed for. Each compensation warrant will be exercisable into one common share of IKI at $0.08 per share for a one year term. In addition, 750,000 IKI shares were issued to Augen Capital Corp.("Augen") in payment of its due diligence fees of $60,000 in connection with the Offering.

The proceeds derived from the offering will be expended exclusively on qualifying "Flow-Through" Canadian Exploration Expenses. The net proceeds of the offering will fund the exploration activities currently underway on the Company's 900 sq km Rupert River uranium property in northern Quebec, as well as the recommended field work to be performed on the Company's Creelman-Roberts uranium property near Sudbury, Ontario.

The proceeds from any warrants exercised will be used for general working capital.


Dan M. Clark, President

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 regulatory authorities.

Stock Options: 2,370,000 @ $0.08 to $0.16

Shares Issued: 56,442,429

Restricted Shares: 1,750,000

Warrants: 1,575,000 @ $0.15 to $0.22

The TSX Venture Exchange neither approves nor disapproves of the information contained herein.

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