21 November 2013

News release                                                                                                                        KEX2013-13

Kent Exploration Inc Announces Non-Brokered Private Placement, and completion of  first tranche.

Kent Exploration Inc. (the "Company" or "Kent") announces that, subject to TSX-V approval, it is conducting a non-brokered private placement of up to 4,000,000 Units at $0.10 per Unit for gross proceeds of up to $400,000. A first tranche of 1,600,000 Units for gross proceeds of $160,000 has now closed.

Each Unit consists of one (1) common share and one (1) transferable common share purchase warrant, with each warrant exercisable into one (1) common share of the Company at an exercise price $0.20, exercisable for a period of 30 months from the date of issuance.

The funds raised will be used for the Bayhorse silver project, New Zealand Gold Projects, costs associated with the proposed Spinco by way of plan of arrangement, which is to be voted on at the Company's upcoming Annual and Special General Meeting, as well as general and administrative costs.

Insiders of the Company are expected to participate in the private placement for up to 2,800,000 Units of the placement.

Finder fees may be payable on a portion of the financing not taken down by insiders according to the policies of the TSX-V.

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Kent Exploration Inc. is a junior exploration company with a 100% interest in all its major projects, and is planning on building shareholder value through establishing cash flow from its Flagstaff Mountain, WA, barite mine. Any positive cash flow is intended to reduce dilution and fund exploration on its three major high grade gold prospects (Alexander River, Paparoa and Lyell), in the highly prolific West Coast South Island gold fields of New Zealand, as well as its newly acquired historic Bayhorse Silver Mine.

The Company has an experienced management and technical team with extensive exploration expertise and offers investors the potential for a major gold discovery on its New Zealand gold projects.

ON BEHALF OF THE BOARD

"Graeme O'Neill"

Graeme O'Neill, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company, including with respect to completion of the Plan of Arrangement and the anticipated results thereof. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. There is no guarantee that the Plan of Arrangement or the acquisition of a business by Spinco will be completed as proposed or at all. The Plan of Arrangement remains subject to approval of the Company's shareholders, the Supreme Court of British Columbia and the TSX Venture Exchange. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf except as required by law.