KAI Kenai Resources Ltd.

Kenai Resources Ltd. ("Kenai") (TSX VENTURE:KAI) is pleased to advise that,
following the arrangement of the various regulatory approvals and landowner
consents, drilling at the Sao Chico gold project in northern Brazil is in the
final planning stage. After the completion of certain routine activities
including lodgement of drilling notification advice with local resource
authorities, an initial core drilling program will commence over the next
several weeks as follows:




--  Initial program is for 3000 metres of core drilling as proposed by
    Exploration Alliance Ltd ("EAL"), at locations shown on the plan map
    below.

--  The drilling will test the continuity of interpreted quartz/sulphide
    vein structures to vertical depths of up to 200 metres.

--  The initial priority and first drill holes will investigate the area
    around the Waldimiro Shaft (left-centre in plan map), where sampling and
    assaying have recently confirmed the existence of high grade gold
    intercepts in primary unoxidised veins along a 59 metre underground
    drive at a vertical depth of 18 metres. This area is also where a
    conceptual underground mine plan has recently been prepared for
    underground exploration.

--  A drilling contract has been established with Minexplor Servicos e
    Consultoria Mineral Ltda of Pocone, Mato Grosso, who expects to mobilize
    a drill to the Sao Chico site within two to three weeks.



As shown on the plan map at the following link,
http://media3.marketwire.com/docs/KAI_PlanMap.pdf, surface trenches have
intersected gold-bearing vein structures at Sao Chico that extend generally
east-west over several hundred metres. Several sub-parallel vein structures have
been sampled, with vein thicknesses varying from less than one centimetre to
three metres. From the trenching and sampling undertaken by Kenai since August
2010, it is estimated that the aggregate vein thickness over the currently
identified one kilometre strike length is up to approximately five metres.


The Sao Chico gold project is more completely described in Kenai's NI 43-101
Technical Report, prepared by EAL and filed on SEDAR and on Kenai's website at
www.kenairesources.com. Details of the Sao Chico Technical Report were contained
in Kenai's news release of January 20, 2011. EAL has prepared and approved the
inclusion herein of the appended Sao Chico project plan.


Kenai has a loan and option agreement with ASX-listed Gold Anomaly Ltd, the
parent company of Gold Aura Do Brasil Mineracao Ltda ("GOAB"). GOAB is
conditionally entitled to the Sao Chico project mineral rights covering the 1416
hectare area of Exploration License AP12836. Kenai's initial option is to
acquire 50% of the GOAB equity through loans and expenditure of up to A$3
million.


On behalf of the Board of Directors of Kenai Resources Ltd.

Greg Starr, President and CEO

Forward-Looking Statements: Statements in this release that are forward-looking
statements are subject to various risks and uncertainties concerning the
specific factors disclosed and elsewhere in the company's periodic filings with
Canadian securities regulators. The economic viabilities of the resources
estimates discussed in the release have not been established and may not be.
Such information contained herein represents management's best judgment as of
the date hereof based on information currently available. The company does not
assume the obligation to update any forward-looking statement.


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