Kaminak Reports Infill Drill Results from the Coffee Latte Deposit

Highlights Include: 3.99g/t Au over 22.9m, 4.85g/t Au over 16.8m, 24.1g/t Au over 3m and 3.63 g/t Au over 19.8m

VANCOUVER, BRITISH COLUMBIA--(Jan 13, 2015) - Kaminak Gold Corporation (TSX VENTURE:KAM) today announced results for infill drilling at the Latte Deposit, a key gold resource contributing approximately 21% of the recoverable gold ounces at Coffee, Kaminak's flagship development track gold project located 130 km south of Dawson City, Yukon. A NI 43-101 Preliminary Economic Assessment (PEA) completed in 2014 indicates that Coffee represents a robust, high margin, rapid pay-back, 11 year open-pit mining project at a US$1250/oz gold price and generates a pre-tax NPV @5% of $522 million and a pre-tax IRR of 33%. A feasibility study was initiated in Q3 of 2014 and is targeted for completion in late 2015 or early 2016 at a budget of approximately $30 million. Feasibility work in 2014 continued until late November and infill drilling completed during 2014 exceeded the plan by over 9000 metres or 33% of the planned infill metres for the year. Mobilization for the 2015 feasibility program is now underway, with drilling expected to commence in early February, 2015.

A total of 5200 metres of infill drilling from 43 holes, was completed at Latte in 2014 with the objective of verifying and upgrading the open-pit resource defined in the 2014 PEA from largely "Inferred" to the higher confidence category of "Indicated." Infill drilling generally confirmed the existing geological interpretation and resource model; updated resource modeling is now underway. 2014 infill drilling results for Kona and Double Double are in the process of being compiled and will be reported in the coming weeks.