Kilgore Minerals Ltd.
TSX VENTURE : KAU

Kilgore Minerals Ltd.

June 12, 2007 09:00 ET

Kilgore Signs Surface and Mineral Lease Covering Prospective Uranium Lands

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2007) - Kilgore Minerals Ltd. (TSX VENTURE:KAU) reports that it has signed a surface and mineral lease covering 13,119 acres of prospective uranium lands in Carter County, Montana. The lease provides for surface access rights to lands under which Kilgore has mineral ownership through the location of federal lode claims, and acquisition of privately owned minerals on a portion of the lease. The lease covers the surface of the Acadia claims which comprise the Cochran Project. There are historical (not NI 43-101 compliant) resources on the Cochran Project which was extensively drilled by Kerr McGee during the 1970's. There are also historical resources (not NI 43-101 compliant) on the privately owned minerals, also extensively drilled by Kerr McGee, acquired under the lease.

This is an important step in moving the Cochran Project forward. The successful negotiation of this agreement consolidates Kilgore's holdings in the area and paves the way for exploration, permitting and, if warranted, development of the project.

ON BEHALF OF THE BOARD

Norman Burmeister, President & CEO

ABOUT KILGORE MINERALS

Kilgore Minerals is engaged in the acquisition, exploration and development of natural resource properties. The company holds interests in 22 uranium properties and three gold properties, all of which are located in the United States. For further information please visit our website at www.kilgoregold.com.

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

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