KAMINAK EXPANDS YUKON GOLD WORK PROGRAM TO ACCOMMODATE DRILLING


Kaminak Gold Corp. has increased its summer work program on the Coffee and Kirkman properties, located in the newly recognized White gold district in west-central Yukon. An initial phase one trenching program is now budgeted at $500,000 and is expected to commence in early July. The phase one program will target high-priority gold geochemical anomalies that are analogous to Underworld Resources Inc.’s newly discovered White Gold project. Contingent upon trenching results, Kaminak has financing in place to complete a phase two diamond drill program this season.

“Given the recent developments in the White district, we feel it is important and advantageous to step up our efforts as quickly as possible,” stated Rob Carpenter, president and chief executive officer of Kaminak. “We will aggressively evaluate our priority targets in 2009.”

The primary target on all three properties is a near-surface, bulk-tonnage gold deposit analogous to Underworld’s White project, which is located only eight kilometres from Kaminak’s Kirkman property and 27 km from Kaminak’s Coffee and Cream properties. Prospecting and geochemical sampling work to date on Kaminak’s new properties has identified a coincident soil anomaly consisting of elevated gold (Au), arsenic (As) and antimony (Sb) similar to Underworld’s White property where subsequent trenching and drilling led to the discovery of bedrock mineralization by Underworld. On Kaminak’s Coffee property, over 1,250 soil samples have been collected and results have outlined a core anomaly measuring 1.5 km by two kilometres which is characterized by a strong geochemical signature defined by Au (highest threshold from 80 to 839 parts per billion), As (100 to 1,758 parts per million) and Sb (eight to 117 ppm). Two smaller grids were also established along the regional strike situated 2.5 kilometres east and 4.5 kilometres west of the core grid. Both grids outlined anomalous gold values with the highest threshold values on the western grid ranging from 50 to 643 ppb Au, and values on the eastern grid ranging from 50 to 148 ppb Au. The three separate grids are demonstrating anomalous gold values over a linear length of 10 km. These size and intensity results indicate that the new Coffee soil anomaly is the largest new gold-in-soil anomaly in the White gold district. Compelling soil geochemical anomalies also occur on the Cream and Kirkman properties. Maps and images from these new Kaminak properties are now available on the company’s website.

Kaminak’s disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Rob Carpenter, PhD, PGeo, Kaminak’s president and chief executive officer, who serves as a qualified person under the definition of National Instrument 43-101. The soil geochemical data were provided by Mr. Ryan and although they were not verified by Kaminak, they are thought to be reliable. The geochemical analyses were completed at a recognized laboratory. The Coffee, Cream and Kirkman properties represent early-stage exploration properties and do not contain any mineral resources as defined by National Instrument 43-101.

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