KAI Kenai Resources Ltd.

Kenai Resources Ltd. ("Kenai") (TSX VENTURE:KAI). Mr. Daniel Kunz, Chairman of
Kenai, announced today that Kenai has entered into a letter agreement (the
"Agreement") with ASX-listed Gold Anomaly Ltd ("GOA") to acquire GOA's
wholly-owned subsidiary, Gold Aura do Brasil Mineracao Ltda ("GOAB"), which
holds 100% of the Sao Chico gold project mineral rights. The consideration
payable by Kenai includes: a) forgiveness of an existing loan of AUD$3,500,000
due to Kenai from GOA which is part of cash advances made by Kenai for the Sao
Chico gold project; b) issuance of 10 million common shares of Kenai following
regulatory and related approvals, with such shares subject to a 12 month
non-trading hold period; and, c) the issuance of an additional 6 million Kenai
common shares when one of several development milestones are achieved for the
Sao Chico project such as completion of a bankable feasibility study. Under the
terms of the Agreement, Kenai has no other obligations to GOA for royalty, net
profit interest or similar payments in the future.


Mr. Kunz said, "This acquisition simplifies the ownership structure to allow
Kenai to focus its efforts on further exploration and a development plan at Sao
Chico. Kenai will be releasing all the drill hole and official assay results for
the recently completed 3,268 meter drill program when they become fully
available within the first quarter of 2012." 


Upon completion of definitive documentation, the Agreement will replace an
existing Option and Loan Agreement with GOA under which Kenai forwarded
AUD$4,150,817 in anticipation of exercising an option that would have resulted
in Kenai acquiring 75% of GOAB.


The Agreement provides Kenai with full ownership of Sao Chico and an oxide ore
treatment plant that GOA recently constructed. Kenai will evaluate the
usefulness of the plant which is currently on care and maintenance. Kenai
drilling confirmed the discovery of two high grade gold zones containing
sulphide mineralization. Kenai has drilled 3,268 meters in 22 core holes
completing the Stage One diamond drilling program. Almost every drill hole
intercepted significant gold bearing structures. Currently, the deepest
intercept is 220 meters from surface. The drilling has successfully identified
high grade gold mineralization over a 650 meter strike length. To date, the gold
bearing structures have vein true widths from just less than 1 meter to greater
than 2.5 meters. 


Official gold assays reported in the November 28, 2011 Kenai news release
include Drill Hole 002 with an true vein width of 1.12 meters and an official
grade of 17.7 grams per tonne gold ("g/t"); Hole 004 intercepted a 2.64 meter
wide vein containing 35.9 g/t; Hole 005 hit a 0.95 meter vein width with 115.9
g/t; and Hole 006 intercepted a 1.29 meter vein width containing 73.1 g/t. For
cross sections and plan view drawings of the drilling program please see our
website at http://kenairesources.net. Current exploration activity is confined
in a 56 hectare ("Ha") area of a 1400 Ha exploration lease and GOAB has
applications for over 8,000 additional Ha of exploration land.


About Kenai Resources Ltd. 

Kenai is a Canadian company focused on precious mineral project exploration and
development, towards early significant gold production. In addition to the Sao
Chico gold project in Brazil, Kenai is also involved in exploration of the
wholly-owned Quartz Mountain and Hope Butte gold epithermal gold projects in
South-Eastern Oregon, both located in Malheur County, close to the Oregon border
with Idaho. 


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.  


Kenai's Vice President Technical Services, Neil Cole, is responsible for
technical information in this release. Mr Cole has sufficient experience which
is relevant to the style of mineralization under consideration and to the
activity which is being undertaken and planned to qualify as a Qualified Person
under NI 43-101. Mr Cole has verified the technical data disclosed in this
release, including references to planned exploration and operational activities,
and the sampling of the gold-bearing reef structures. Mr Cole has consented to
the inclusion in this release of such technical information in the form and
context in which it appears. 


Shares Outstanding: 62,406,734

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