International Kirkland Minerals Inc.
TSX VENTURE : IKI

International Kirkland Minerals Inc.

January 02, 2007 14:19 ET

International Kirkland Minerals Inc. Closes Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 2, 2007) - International Kirkland Minerals Inc. ("IKI" / the "Company")(TSX VENTURE:IKI) announces that on December 29, 2006 the Company received regulatory consent and closed the private placement offering for 6,000,000 flow through shares at $0.08 per share announced by the Company on December 28, 2006. Insiders of the Company subscribed for 148,750 shares of the private placement.

The proceeds of this placement will be applied to the Company's 588 sq km Rupert River Uranium properties located in northern Quebec, Canada where drilling is scheduled to commence in February 2007.

A due diligence fee of $30,000 is payable in connection with the offering and a finders fee of $12,000 and 75,000 Broker Warrants at $0.08 has been paid in relation to the placement. Each Broker warrant is exercisable into one common share of the Company at $0.08 per share over a one year term.

On Behalf of the Board

Dan M. Clark, President



Warrants: 4,860,000 @ $0.10
Shares Issued: 45,836,001
Stock Options: 1,790,000 @ $0.10 & 180,000 @ $0.08
Restricted Shares: 16,000,000

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

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