Kaminak Announces $2.5 Million Bought Deal Private Placement and Extends 2013 Coffee Drill Program

September 5, 2013

Vancouver, B.C. – Kaminak Gold Corporation (KAM: TSX-V) 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"

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 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 info@kaminak.com.

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