Kaminak Gold Corporation

Kaminak Gold Corporation

August 24, 2009 08:30 ET

Kaminak Identifies Additional Gold-In-Soil Trends on the Coffee Property: New Soil Results Yield Up to 3.16 g/t Au

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2009) - Kaminak Gold Corporation (TSX VENTURE:KAM) is pleased to report geochemical results from over 1,700 soil samples taken from the Company's 100% owned Coffee property, located in the White District, Yukon. These samples were taken over previously unexplored portions of the property in order to generate additional trenching targets for the ongoing 2009 exploration program.

Key Point Summary:

- Gold-in-soil results up to 3.16 g/t Au recovered from a new 450m long geochemical anomaly located over 1 km from current trenching areas

- Main Coffee gold-in-soil anomaly extended to the north by at least 500m and now measures 3.2 km long by 1.2 km wide

- Gold geochemical anomalies associated with distinctive pathfinder signature of arsenic (As) and antimony (Sb)

"Soil sampling remains the most effective exploration tool in the non-glaciated White District," stated Rob Carpenter, President and CEO of Kaminak. "Our soil sampling has uncovered several new priority trenching targets, and we are still awaiting results for an additional 1,300 soil samples."

Soil Sample Results

Highlights include the delineation of a new, gold-in-soil anomaly located over 1 km from current trenching work. This new linear trend can be traced over at least 450m in length and is defined by six consecutive samples with assay values ranging from 131 ppb Au to a high of 3,156 ppb Au or 3.156 g/t Au. The trend remains open in both directions and appears to be less than 100m wide. Subsequent prospecting and grab sampling along this trend resulted in the collection of approximately 10 rock samples which have been submitted for geochemical analysis. Follow-up trenching is scheduled to be completed this field season.

Additional soil sampling was completed along the margins of the previously known main anomaly area where trenching is ongoing. Of note, a cluster of eight soil samples all yielded values greater than 75 ppb Au. These results extend the limits of the core soil anomaly by at least 500m to the north with the core center anomaly now measuring 3.2 km by 1.2 km. Trench lines are to be extended over this new area as well this field season.

A total of 1,787 soil samples were analysed and 51 of these samples yielded results greater than 75 ppb Au (highest threshold). Overall, results ranged from background (less than 15 ppb Au) to a high of 3,156 ppb Au or 3.156 g/t Au. Gold-in-soil anomalies are also associated with high arsenic (As) and antimony (Sb). Ninety three samples yielded arsenic values greater than 100 ppm As (range 1 to 967 ppm) and twenty two samples assayed greater than 8 ppm Sb (range 0 to 17 ppm).


Kaminak's disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Rob Carpenter, Ph.D., P.Geo., Kaminak's President and CEO, who serves as a Qualified Person under the definition of National Instrument 43-101. Samples were shipped to Acme Laboratories of Vancouver, B.C. for analyses. Samples were crushed and pulverized using a mild steel ring and puck mill. 30 gram aliquots were then weighed into fire assay crucibles and the samples are placed in a cupel and fired at 950 degrees Celsius. After cooling, 10 ml of HCl is added in order to dissolve gold particles. Solutions are analysed for Au on a Varian 735 ICP-ES. Certified reference materials are inserted into the batch and results were verified by a British Columbia Certified assayer. The Coffee property represents an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.

About Kaminak

Kaminak Gold Corporation is an opportunity focused, prospect generator whose technical strength and entrepreneurial drive is complemented by a proven, successful business model designed to create shareholder value. The company has an extensive portfolio of discovery-stage projects that offer world-class exploration potential and present exposure to strategic commodities with an emphasis on gold.

Kaminak's financial discipline has enabled the company to acquire a healthy treasury, remain debt-free and maintain a very low corporate burn-rate. Well positioned to take advantage of the current market, Kaminak is actively engaged in seeking out market-friendly opportunities that are value-driven with high-potential for discovery.

On behalf of the Board of Directors of Kaminak

Rob Carpenter, Ph.D., P.Geo., President and CEO

Kaminak Gold Corporation

Certain disclosures in this release, including management's assessment of plans and projects and intentions with respect to listings of securities, use of proceeds and future exploration programs, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Kaminak's operations as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including risks as to the completion of the plans and projects. Readers are cautioned not to place undue reliance on forward-looking statements. Kaminak expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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