International Kirkland Minerals Inc.

International Kirkland Minerals Inc.

August 22, 2007 17:08 ET

International Kirkland Minerals Inc. Announces a Non-Brokered Flow-Through Private Placement Unit Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 22, 2007) - International Kirkland Minerals Inc. ("IKI" / the "Company")(TSX VENTURE:IKI) announces that it has negotiated a non-brokered Flow-Through Private Placement Unit Offering (the "Offering") of up to 25,000,000 units at $0.08 per unit for gross proceeds to the Company of $2,000,000. Insiders are subscribing for up to 1,000,000 units of the Offering.

Each unit will consist of one Flow-Through share at $0.08 per share and one non-Flow Through half share purchase warrant at $0.09 per share. One whole warrant entitles the holder to acquire one further non-Flow Through share of the Company at $0.09 per share for a period of one year.

IKI has engaged NovaDX Ventures Corp. to assist in completing the Offering. A 10% finders fee, payable in IKI common shares, is due 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. 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. The Offering and the above fees and warrants are subject to regulatory approval.

NovaDX Ventures Corp. (TSX VENTURE:NDX) is a Vancouver-based, publicly traded investment firm that provides capital, investment banking, financial and business advisory services to early-stage natural resource exploration companies, as well as fund administration services to investment funds and private clients. NovaDX also makes tax-advantaged, flow-through investments through its Canadian Small Cap Resource Funds (CSCRF) subsidiary. For more information about NovaDX see and CSCRF at

Based in Toronto, Ontario, Augen is a merchant bank specializing in the financing of, and investment in, early stage resource companies and is an industry leader in tax-advantaged flow-through investments in Canada's resource sectors. Augen manages a portfolio of emerging resource stocks and several resource Flow-Through limited partnerships and the Augen Resource Strategy Fund.

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 March 29, 2007 Summary Work Report recommends a further $1,664,500 be incurred on IKI's Rupert River property as to $686,000 in geological support, technicians, helicopter, geochemistry, ground geophysics, mobilization and other miscellaneous field costs. In addition, at least 5,000 meters of drilling, field camp and other drill crew support costs of $978,500 has been recommended. The current ongoing drill program at Lacroix Lake East as outlined in the Company's August 13, 2007 news release and the further recommended drilling at the Du Glas Lake and Nescauso Lake anomalies, situated about 50km NE of the Lacroix Lake area, will consist of about another 134 holes in aggregate at approximately 60m in length per hole on the entire Rupert River property.

The Qualified Person for IKI's Rupert River Uranium property is Mr. Jean Lafleur, P.Geo. of Val d'Or, Quebec.

In addition, the Company plans to initiate work later this year on the Creelman Roberts Uranium property located about 50km north of Sudbury, Ontario and summarized in IKI's April 2, 2007 news release.

A program consisting of an airborne radiometric survey, ground reconnaissance, surface sampling and the completion of a 43-101 report is planned. The expected phase - 1 cost of this work is $150,000 and should be completed by year end subject to availability of the appropriate field crews.

On Behalf of the Board

Dan M. Clark, President

The forgoing 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: 6,028,572 @ $0.10 to $0.20

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

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