International Kirkland Minerals Inc.

International Kirkland Minerals Inc.

June 17, 2008 15:58 ET

International Kirkland ("IKI") Private Placement and Cosby-Walker Gold Base Metal Property, Ontario, Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2008) - International Kirkland Minerals Inc. (TSX VENTURE:IKI) ("IKI" / the "Company") announces a private placement unit offering consisting of 2,000,000 units at $0.12 per unit. Each unit consists of a half Flow Through Share and a half Non-Flow Through share totalling one share at $0.12 per share and one non-flow through warrant attached to each full share exercisable into one further share of the Company at $0.16 per share for a one year term. Insiders will subscribe for up to 1,000,000 units of the offering.

A 10% finder's fee, payable half in cash and half in IKI common shares is due to an agent in connection with arms length subscribers' participation in the offering. In addition, non-transferable compensation warrants of 5% will be paid on the offering pertaining to arms length subscribers. Each compensation warrant will be exercisable into one share of the Company at a price of $0.16 per share over a one year term.

The gross proceeds from the unit offering of $240,000 shall be used for general operating capital and for the ongoing exploration of the Cosby-Walker gold-base metal property or on future work in 2008 on IKI's Creelman Roberts uranium property located north of Sudbury, Ontario. The unit offering is subject to regulatory filings and acceptance.

Two holes have now been drilled at the Cosby-Walker Property located about 60km northeast of Timmins, Ontario. Hole No. CW-08-001 was drilled on section 7000E to test an Insight induced polarization chargeability anomaly. The hole encountered rhyolite and dacite of the Kidd-Munroe Assemblage. The hole intersected weak disseminated pyrite and graphite in the target area at a depth of 100m in dacite but near the rhyolite-dacite contact.

Hole No. CW-08-002 was drilled on section 6200E to investigate a gold intersection in historic hole K15-62 assaying 1.79 g/t Au over a core length of 3.7m at a vertical depth of 100m with disseminated arsenopyrite. Hole CW-08-002 encountered weak to strong disseminated arsenopyrite and pyrite over a core length of 10.16m from 283 to 293.16m at a vertical depth of 200m below surface in a silicified zone with quartz veining within dacite near the rhyolite-dacite contact that lines up with the intersection in hole K15-62 at a 70 degree south dip. Assays are pending. Two additional holes are planned to test chargeability anomalies on the southern part of the grid on sections 6200E and 7000E.

The Qualified Person on IKI's Cosby-Walker property is Mr. Fred Sharpley, P.Geo., of Kirkland Lake , Ontario, and he has reviewed the contents of this release.


Dan M. Clark, President

The forgoing information may contain forward-looking statements relating to the future performance of the Company. 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. We seek safe harbour.

Shares Issued: 17,610,868

Restricted Shares: Nil

Stock Options: 414,000@$0.175 & 1,346,000@$0.12

Warrants: 2,071,190@ $0.45 to $1.10

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

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