KAM

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES. 


Kaminak Gold Corporation (TSX VENTURE:KAM) (the "Company") is pleased to
announce that it has appointed Raymond James Ltd. to lead a syndicate of
underwriters, which includes RBC Dominion Securities Inc., Beacon Securities
Limited, Canaccord Genuity Corp., Cormark Securities Inc. and Mackie Research
Capital Corporation, to sell by way of private placement on a "bought" deal
basis, $2.5 million of flow-through shares at an issue price of $0.95 per
flow-through share (the "Offering").


"This financing allows us to maintain our aggressive pace of exploration by
extending the 2013 Coffee drill program into the fall while still leaving us
with a strong treasury going into 2014," stated Eira Thomas, Kaminak's President
& CEO. "Drilling this year has already exceeded our 35,000m plan, while still
remaining within the original announced budget of $11 million. Our objective is
to continue to advance and de-risk Coffee as quickly as possible in order to
demonstrate viable economics."


The underwriters will have an over-allotment option, exercisable at any time
prior to the closing date, to acquire up to an additional number of flow-through
shares equal to 15% of the number of flow-through shares sold pursuant to the
Offering, at the issue price per flow-through share. 


The flow-through shares will be subject to a four-month hold period under
applicable Canadian securities laws. Closing is expected to be on or about
September 24, 2013. 


The Company intends to use the net proceeds of the Offering to fund exploration
of the Company's gold properties and for general working capital purposes. 


The Offering is being made in all provinces of Canada via private placement, and
other jurisdictions as may be determined between the Company and the
underwriters, and is subject to the approval of regulatory authorities. The
securities offered have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements. This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful.


In connection with the Offering, the Company has agreed to pay the Underwriters
a cash commission on the sale of the Flow-Through Shares, representing 6% of the
aggregate gross proceeds raised.


On behalf of the Board of Directors of Kaminak

Eira Thomas, President and CEO 

Kaminak Gold Corporation

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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kaminak Gold Corporation
Tony Reda
Vice-President of Corporate Development
Direct: 604.646.4534 or Toll free: 1.888.331.2269
info@kaminak.com
www.kaminak.com

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