Kaminak Commences Exploration Program on the �TBN�
Platinum-Palladium Property, Thunder Bay Area, NW Ontario
August 10, 2009
Vancouver, B.C. � Kaminak Gold Corporation (KAM: TSX-V) today
announced it has initiated the 2009 exploration program on its 100% owned
�TBN� Platinum-Palladium project located approximately 50 kilometres north of
Thunder Bay, Ontario. This newly staked property adjoins the northern
margin of Magma Metals Limited Current Lake property, where high-grade
mineralization has been discovered in diamond drilling (see Magma Metals news
release dated April 8th, 2009).
Kaminak has contracted Aeroquest Ltd. to complete a 1,470
line-km high-definition AeroTEM 2 electromagnetic and magnetic
helicopter-borne survey over Kaminak�s TBN claim block. This survey is now
underway and is designed to delineate any ultramafic rocks which could host
potential mineralization. The survey is being flown under fly-to-drill
specifications, where dense 50m spaced lines and low-level instrument heights
(a 30m EM bird height and two magnetometers situated at 31m and 47m above
ground level) will help accelerate the project directly to the drilling
stage. Final survey products are expected within 6 weeks of completion of the
survey.
Staking of the TBN property resulted from an extensive in-house
geological compilation of the Pt-Pd potential in the Thunder Bay region by
Kaminak and Geovector Management Inc. Detailed structural analyses and data
from regional geophysical surveys suggests the emplacement of the host
ultramafic intrusion at Current Lake is controlled by intersecting East-West
trending structures and North-South trending structures. Kaminak�s TBN
property is interpreted to have similar trending structural intersects and
Kaminak believes the property has potential to host ultramafic intrusive
rocks.
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.
About Kaminak
Kaminak Gold Corporation is an opportunity focused, prospect generator
whose technical strength and entrepreneurial drive is complemented by a
proven, successful business model designed to create shareholder value. The
company has an extensive portfolio of discovery-stage projects that offer
world-class exploration potential and present exposure to strategic
commodities with an emphasis on gold.
Kaminak�s financial discipline has enabled the company to
acquire a healthy treasury, remain debt-free and maintain a very low
corporate burn-rate. Well positioned to take advantage of the current
market, Kaminak is actively engaged in seeking out market-friendly
opportunities that are value-driven with high-potential for discovery.
On behalf of the Board of Directors of Kaminak
�Rob Carpenter�
Rob Carpenter, Ph.D., P.Geo.
President and CEO
Kaminak Gold Corporation
For further information about Kaminak Gold Corporation or this
news release, please visit our website at www.kaminak.com or
contact Tony Reda, Investor Relations, at toll free 1.888.331.2269, directly
at 604.646.4534 or by email at info@kaminak.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Certain disclosures in this release, including management's
assessment of plans and projects and intentions with respect to listings of
securities, use of proceeds and future exploration programs, constitute
forward-looking statements that are subject to numerous risks, uncertainties
and other factors relating to Kaminak�s operations as a mineral exploration
company that may cause future results to differ materially from those
expressed or implied in such forward-looking statements, including risks as
to the completion of the plans and projects. Readers are cautioned not to
place undue reliance on forward-looking statements. Kaminak expressly
disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events, or
otherwise.
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