Kaminak Gold is pleased to announce additional trench assays from the Company’s 100% owned Coffee Property located in the Yukon White Gold District. Results reported here are from the newly-recognized Latte Zone and are in addition to high-grade trench results previously released from the Supremo Zone. The Latte Zone is located approximately 1.5km south of Supremo and represents a separate mineralized target which exhibits similar geological characteristics as other known gold discoveries in the White District.

Key Results:

• Latte trend yields 0.59 g/t Au over 35m (open to the south); 1.01 g/t Au over 10m and grab samples up to 2.35 g/t Au

• Mineralization encountered over 300m strike length and remains open along trend and is hosted within a larger and untested gold-in-soil trend (Latte) known to extend for at least 1,000m long by up to 200m wide

• Gold is co-incident with a major structural trend and is associated with typical “White District” pathfinder elements arsenic (As) and antimony (Sb)

• 2009 soil sampling identifies new 700m long untested gold-in-soil anomaly uncovered between Supremo and Latte Zones

“The Latte Zone represents the second significant surface gold discovery identified on the Coffee property this year,” stated Rob Carpenter, President and CEO of Kaminak. “These results illustrate the potential of the property to host multiple drill targets for 2010.”

Latte Trend

The Latte gold-in-soil anomaly is located approximately 1,500m south of the main Supremo Zone and is defined by an east-west trending >50 ppb Au soil anomaly that has a 1,000m long strike extent and is 200m wide.  Three evenly spaced trenches were cut across a 250m long portion of the anomaly and significant gold results were encountered in each trench (visit Company’s website at www.kaminak.com for maps).  The most westerly trench yielded 1.01 g/t Au over 10m and a separate zone of 0.56 g/t Au over 15m while the central trench yielded 0.59 g/t Au over 35m. The easterly trench yielded 0.60 g/t Au over 10m. Additionally, a grab sample located 90m further east assayed 2.35 g/t Au. These assays confirm the potential for broad zones of mineralization at the Latte target and exploration in 2010 is expected to include additional trenching and drilling.

New Soil Trend Identified

Soil sampling has identified a previously unknown gold-in-soil anomaly located midway between the Supremo and Latte trends. This new anomaly measures at least 700m long (open to the west) and is defined by gold-in-soil values ranging from 33 ppb Au to a high of 84 ppb Au. No trenching has been completed on this target as of yet; however it appears to spatially separate from both the Supremo and Latte Zones. Evaluating the gold potential of this new trend will be a priority during the 2010 exploration program.

Anomalous gold values on the Coffee property are associated with heavily bleached and weathered rock comprised primarily of sericite and quartz. This host rock is heavily altered; however, a progression from fresh rock can be observed within the trenches. There also seems to be a correlation between high gold values and several pathfinder elements, including arsenic (As) and antimony (Sb). Overall, gold values for 34 total samples reported here ranged from below detection level to a high of 2.35 g/t Au. Trench sampling consisted of continuous chip samples over 5m intervals of oxidized and weathered rubble sub-crop that is interpreted as being near in-place.

Kaminak Gold Corp. is providing geochemical results from over 1,700 soil samples taken from the company’s 100-per-cent-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 continuing 2009 exploration program.

Key point summary:

“Soil sampling remains the most effective exploration tool in the non-glaciated White district,” stated Rob Carpenter, president and chief executive officer 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 one kilometre from current trenching work. This new linear trend can be traced over at least 450 metres in length and is defined by six consecutive samples with assay values ranging from 131 parts per billion gold to a high of 3,156 parts per billion gold, or 3.156 g/t gold. The trend remains open in both directions and appears to be less than 100 metres 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 continuing. Of note, a cluster of eight soil samples yielded values greater than 75 parts per billion gold. These results extend the limits of the core soil anomaly by at least 500 metres to the north, with the core centre anomaly now measuring 3.2 kilometres by 1.2 kilometres. Trench lines are to be extended over this new area as well this field season.

A total of 1,787 soil samples were analyzed; 51 of these samples yielded results greater than 75 parts per billion gold (highest threshold). Over all, results ranged from background (less than 15 parts per billion gold) to a high of 3,156 parts per billion gold, or 3.156 g/t gold. Gold-in-soil anomalies are also associated with high arsenic and antimony. Ninety-three samples yielded arsenic values greater than 100 parts per million arsenic (range one to 967 parts per million), and 22 samples assayed greater than eight parts per million antimony (range zero to 17 parts per million).

Quality assurance/quality control

Kaminak’s disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Carpenter, PhD, PGeo, Kaminak’s president and chief executive officer, 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 are crushed and pulverized using a mild steel ring and puck mill. Thirty-gram aliquots are then weighed into fire assay crucibles, and the samples are placed in a cupel and fired at 950 degrees Celsius. After cooling, 10 millilitres of hydrochloric acid is added in order to dissolve gold particles. Solutions are analyzed for gold on a Varian 735 ICP-ES. Certified reference materials are inserted into the batch and results are verified by a B.C.-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.

Kaminak Gold is pleased to announce assay results from the first batch of 2009 rock samples on the Company’s 100% owned Coffee property, located in the newly recognized White Gold District of Yukon. This news release announces results from the first 50 rock samples collected from newly completed trenches and represents only 5% of the total area to be trenched and sampled this season.

Key Point Summary:

• Continuous chip sampling of sub-cropping trench material yields 2.30 g/t Au over 21.0m.
• Mineralization hosted in pyrite-bearing and quartz-sericite altered felsic augen gneiss
• Overall style and setting of gold mineralization resembles nearby discoveries made by Underworld Resources Ltd.
• New claims staked in order to cover favourable geology

“These assays are from a small portion of the larger, untested gold-in soil anomaly present on the Coffee property; we will continue to systematically trench the entire soil anomaly this summer,” stated Rob Carpenter, President and CEO of Kaminak. “These results indicate the Coffee property has excellent potential to host bulk tonnage or “Underworld-style” gold deposits.”

Description of Mineralization

Anomalous gold values are associated with heavily bleached and weathered rock comprised primarily of sericite and quartz. This host rock is heavily altered; however, a progression from fresh felsic augen gneiss can be observed within the trenches. There also seems to be a correlation between high gold values and several pathfinder elements, including arsenic (As), antimony (Sb), molybdenum (Mo), mercury (Hg) and barium (Ba).

Fifty samples were collected from newly dug shallow trenches (total length of 235m) located on top of previously defined gold-in-soil anomalies. Sample material consisted of rubble sub-crop which is interpreted to be in-place. Forty-seven of these samples were taken across 5m or 6m intervals and are considered continuous chip samples. Three grab samples were also taken from the trenches but these values were not included when making grade-interval calculations.

Overall, gold values for 50 total samples ranged from below detection level to a high of 5.84 g/t Au. Nine samples returned values >1.0 g/t Au. Continuous sampling over a 21m trench interval yielded a composite average grade of 2.30 g/t Au. Individual assays from this 21m interval ranged from 1.44 g/t Au to 2.60 g/t Au. A grab sample taken from this trench returned 5.84 g/t Au. Furthermore, a separate zone in the same trench located 15m away yielded 1.34 g/t Au over 10m.

Information regarding the orientation, true width or depth extent of this new gold zone is not currently known. Follow-up and detailed geological mapping and sampling will be completed this season and this work will aid in our geological modeling of the gold zone.

Field Update

Kaminak has also staked an additional 3,400 acres along the southern and eastern boundaries of the Coffee property. This ground was staked in order to cover geology favourable for the discovery of gold.

Sampling and mapping of trenches on the Coffee property is ongoing and is expected to be completed within the next two weeks. Assays from these trenches will likely be available in 4 weeks. Follow-up sampling and detailed trenching from anomalous areas is also expected to be completed this summer. Approximately 3,000 soil samples have been collected from previously unexplored portions of the Coffee property. Results from this survey are expected in the next 2 weeks.

Geological mapping and soil sampling on Kaminak’s Kirkman property will be completed in the next two weeks and rock samples taken from new exposures on the property are currently at the lab awaiting analysis.

QA / QC

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. Rock 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.

Kaminak Gold has commenced an initial field program consisting of mechanized trenching, soil sampling and ground magnetic surveys on the company’s Coffee, Cream and Kirkman properties located in the newly recognized White district in west-central Yukon Territory.

The primary objective of the trenching program will be to strip overburden and expose bedrock over high priority gold-in-soil anomalies on the Coffee property. Over 5,500 metres of trenching are planned and these new exposures will be systematically mapped with approximately 1,000 rock chip samples expected to be taken and sent for geochemical analyses. In addition, a total 5,000 soil samples are planned on the Coffee property and these will be taken over new potential gold targets. The Kirkman and Cream properties will undergo geological mapping, minor trenching and approximately 1,800 total soil samples.

The total cost of this initial program is $430,000 and it is expected to be completed by the end of July. Subsequent follow-up work is planned for August and September and will be contingent on chip sampling results.

Prospecting and geochemical sampling work to date on Kaminak’s properties have identified coincident soil anomalies consisting of elevated gold (Au), arsenic (As) and antimony (Sb) similar to that observed on 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 2 km which is characterized by a strong geochemical signature defined by Au (highest threshold from 80 to 839 ppb), As (100 to 1,758 ppm) and Sb (8 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 results indicate that the Coffee soil anomaly is the largest and most intense new gold-in-soil anomaly in the White gold district. Maps and images from these new Kaminak properties are now available on the Company’s website at www.kaminak.com.

Kaminak Closes Non-Brokered $1.3 Million Private Placement

Kaminak today announced the closing of a non-brokered private placement approved by the TSX Venture Exchange totalling $1,299,290 CDN. At closing, Kaminak issued 2,887,311 units through two separate tranches at a price of $0.45 per unit, to raise proceeds of $1,299,290. The warrants associated with the financing expire June 29th, 2011 and July 7th, 2011 and are subject to an acceleration clause, whereby, if the weighted average trading price of Kaminak’s shares on the Exchange is at a price greater than $0.10 above the strike price of a whole common share purchase warrant for a period of 10 consecutive trading days, the Company will have the right to accelerate the expiry date of the warrants. Kaminak will give written notice to the holders of the warrants that the warrants will expire within 30 days of the date notice provided by the Company to the warrant holders. Such notice by the Company to the holders of the warrants may not be given until four months and one day after the Closing.

All of the shares and any shares issued upon exercise of the units and the units comprising the compensation option are subject to a hold period and may not be traded in Canada until October 26th, 2009 or November 8th, 2009, except as permitted by applicable Canadian securities laws and the TSX Venture Exchange.