International Kirkland Minerals Inc.
TSX VENTURE : IKI

International Kirkland Minerals Inc.

September 17, 2007 22:04 ET

International Kirkland Announces Oversubscription of $2.2M Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 17, 2007) - International Kirkland Minerals Inc. ("IKI" / the "Company") (TSX VENTURE:IKI) announces that its private placement offering announced on August 22, 2007 has been oversubscribed. The Company will now issue a total of 27,716,500 units at $0.08 each for total proceeds of $2,217,320. 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 for a period of one year from closing of the offering.

A 10% finders fee, payable in IKI common shares, is due to various agents in connection with a part of the Offering. In addition, non-transferable compensation warrants of 5% of the units subscribed for will be paid on a portion of the Offering to the agents. Each compensation warrant will be exercisable into one common share of IKI at $0.08 per share for a one year term. Furthermore, due diligence fees of $60,000, paid in 750,000 IKI shares, is payable to Augen Capital Corp.("Augen") in connection with the Offering.

An aggregate of 725,000 units will be taken up by insiders of the Company. The Offering and the above fees and warrants are subject to regulatory approval.

The funds from the Offering will be incurred in exploration primarily on the 900 sq km Rupert River Uranium Property of northern Quebec, and substantially in accordance with the Company's 43-101 report dated July 10, 2006 and the Summary Work Report to the July, 2006 report, dated March 29, 2007, completed by Mr. J. Lafleur, P.Geo. The Company will also incur field expenditures on its Creelman-Roberts uranium property near Sudbury, Ontario.

ON BEHALF OF THE BOARD OF DIRECTORS,

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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