Kaminak Gold Corporation

Kaminak Gold Corporation

November 15, 2007 08:30 ET

Management Increases Share Position in Kaminak

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2007) - Kaminak Gold Corporation (TSX VENTURE:KAM) today announced that management has increased its share position by exercising 1,600,000 previously-issued common share purchase warrants at an exercise price of $0.35 per share, adding CAD $560,000 to Kaminak's treasury. Management now owns approximately 10% of issued and outstanding shares of Kaminak.

"Our investment demonstrates the confidence we have in the Kaminak team and business model," stated John Robins, P.Geo., Chairman of Kaminak. "We are 100% committed to the growth of the company."

This new influx of capital increases Kaminak's working capital to approximately CAD $2.7 million and Kaminak's total issued and outstanding shares to 31,021,961. Kaminak's current and complete detailed corporate structure can be viewed on Kaminak's website, www.kaminak.com.

About Kaminak

Kaminak Gold Corporation is a prospect generator employing a joint venture strategy that maximizes opportunities for discovery while attempting to minimize exploration risk to Kaminak. A critical component of Kaminak's business model is working with strong project partners to advance Kaminak's exploration projects. Covering several million acres, Kaminak holds one of the largest land positions in Canada devoted to metallic mineral exploration. Kaminak's projects offer world-class exploration potential and present exposure to strategic commodities including, gold, uranium and nickel.

On behalf of the Board of Directors

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

Kaminak Gold Corporation

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

Contact Information

  • Kaminak Gold Corporation
    Rob Carpenter, Ph. D., P. Geo.
    President and CEO
    (604) 646-4534
    Website: www.kaminak.com