Kaminak Announces Closing of $5 Million Bought Deal Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 9, 2013) -

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Kaminak Gold Corporation (TSX VENTURE:KAM) ("Kaminak" or the "Company") is pleased to announce that the Company has closed the bought deal private placement financing (the "Offering") announced on June 18, 2013. The Company issued 5,437,748 common shares, which qualify as "flow-through" shares for purposes of the Income Tax Act (Canada) (the "Shares") at a price of C$0.95 per Share for aggregate gross proceeds of C$5,165,860.60. The proceeds of the Offering will be used by the Company to conduct exploration work on its Canadian properties.

The Offering was led by RBC Dominion Securities Inc. and included Canaccord Genuity Corp., Cormark Securities Inc., Raymond James Ltd., Beacon Securities Limited and Mackie Research Capital Corporation (collectively the "Underwriters"). In connection with the Offering, the Underwriters received a cash commission on the sale of the Shares, representing 6% of the aggregate gross proceeds raised. The Shares issued under the Offering are subject to a hold period which will expire four months and one day from the date of closing, being November 10, 2013.

On behalf of the Board of Directors of Kaminak

Eira Thomas, 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.

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.