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June 18, 2014
Vancouver, B.C. – Kaminak Gold Corporation (KAM: TSX-V) is pleased to announce it has entered into an Exploration Communication and Cooperation Agreement (Agreement) with White River First Nation (WRFN) for Kaminak’s Coffee Gold Project, located 130 km south of Dawson City in the Yukon, Canada. WRFN asserts aboriginal rights and title to the area encompassing the Coffee Gold Project. The signing took place on Friday, June 13, 2014 in Whitehorse, Yukon.
Kaminak and WRFN negotiated this agreement over the past several months in good faith and believe it provides the foundation of a strong working relationship as Kaminak continues to advance its Coffee Gold Project towards a full scale feasibility study and beyond.
“Kaminak is pleased to have entered into this Agreement with WRFN, which recognizes WRFN’s commitment to the land and their culture. We respect their history and connection to our Project area and believe that this Agreement outlines a process that ensures that WRFN is meaningfully involved in the exploration and advancement of our Coffee Gold Project. This Agreement provides certainty for WRFN and for our company, and we look forward to working together building on the positive relationship that has been established through this process,” said Kaminak CEO Eira Thomas.
“This area has been used by our family and others from WRFN for generations. It is a very important area for our people and other First Nations. We commend Kaminak for negotiating an Exploration Agreement with us.” said WRFN Acting Chief Angela Demit.
The Agreement is for the exploration phase and does not constitute approval by WRFN for the construction, development or operation of a mine. The Agreement provides a clear engagement process for activities such as licensing; commitments to employment and business opportunities; and, establishes a framework that enables WRFN to provide support to the Company in relation to Kaminak’s exploration activities.
Kaminak is also pleased to announce that Allison Rippin Armstrong, Director of Lands and Environment has been made Vice-President of Lands and Environment, effective May 28, 2013.
Ms. Allison Rippin Armstrong has over 15 years of experience in permitting, regulatory processes and environmental compliance working with First Nations, resource companies, Institutions of Public Government (IPGs) and the Federal Government of Canada. She has worked in jurisdictions such as NWT, Nunavut, Saskatchewan, Alberta and Ontario successfully permitting projects from grassroots exploration through to the final steps of water licensing for mines. Ms. Rippin Armstrong received her Honours Bachelor of Science in Biology and Environmental Science from Trent University.
Eira Thomas CEO commented: “Allison’s promotion to Vice-President Land and Environment recognizes her strong contributions over the past year, as Kaminak has worked to advance its’ development track Coffee Gold Project. Allison has, and continues to play a key leadership role with respect to environmental stewardship and community outreach. Our Agreement with WRFN is a testament to her commitment to fostering strong relationships with all of our key local stakeholders and we are pleased to be welcoming her to our executive team.”
On behalf of the Board of Directors of Kaminak
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, Vice-President of Corporate Development, at toll free 1.888.331.2269, directly at 604.646.4534 or by email at [email protected].
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 Concerning Forward-Looking Statements
Certain disclosures in this release, including management’s assessment of the future potential of the Coffee Project 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. Except as required by law, 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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