Aug 06, 2009
Vancouver, BC -- August 6, 2009: Kiska Metals Corporation (TSX-V:KSK) is pleased to announce that it has commenced trading on the TSX Venture Exchange under the symbol "KSK". Kiska Metals Corporation was formed by the combination of two international mineral exploration companies; Rimfire Minerals Corporation and Geoinformatics Exploration Inc. This combination brings together complementary exploration portfolios and creates a strong team to advance Kiska's flagship project, the Whistler gold-copper project 150 kilometres northwest of Anchorage, Alaska.
Kiska Metals Corporation Highlights
Kiska's assets include the wholly-owned Whistler gold-copper porphyry project which hosts a NI43-101 indicated resource of 1.31 million ounces gold-equivalent and an inferred resource of 4.44 million ounces gold-equivalent in the Whistler Zone (see Appendix 1). The property is located 150 kilometres northwest of Anchorage, Alaska, covers an area of approximately 440km2 and is situated in the same geological belt that hosts the world class Pebble copper-gold porphyry deposit. In addition to the Whistler Zone resource, the property includes multiple targets within 10 kilometres of the Whistler Zone, including the 2008 Raintree West discovery where a single hole to date intersected 160 metres averaging 0.59g/t gold, 0.10% copper and 6.02g/t silver (refer to Geoinformatics press release dated November 4, 2008 for details).
Kiska Metals has 47,600,534 shares issued and outstanding and 51,429,851 shares on a fully-diluted basis. Further information can be found at the Company's website, www.kiskametals.com. Investors can speak with Jason Weber, President and CEO, or Patrick Moodie, Manager of Corporate Communications at 604-669-6660.
On behalf of Kiska Metals Corporation
Jason Weber, P.Geo., President & CEO
CAUTIONARY STATEMENT: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". Other than statements of historical fact, all statements included in this release, including, without limitation, statements regarding future plans and objectives of Kiska Metals Corporation, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Kiska's expectations are the risks detailed herein and from time to time in the filings made by Kiska Metals Corporation with securities regulators. Those filings can be found on the Internet at http://www.sedar.com and http://www.sec.gov/edgar/searchedgar/companysearch.html.
Mineral Resource Statement for the Whistler Gold Deposit, Alaska Prepared by SRK Consulting (Canada) Inc February 2008.
2. Reported based on an underground bulk mining method using a cut-off grade of 1.1 g/t gold equivalent adjusted for metallurgical recovery;
3. Total grade and Total Contained Metal gold equivalent grade and ounces estimated based on equal full recoveries, $550 per ounce gold, $8 per ounce silver and $1.50 per pound of copper;
4. Totals may vary due to rounding.