Kaminak Intersects Multiple High-Grade Gold Zones in Deep Drilling at Latte and New Gold Zone Discovered at Connector

VANCOUVER, Nov. 21, 2011 - Kaminak Gold Corporation (TSX VENTURE: KAM) today announced diamond drill results from the Latte (8 holes) and Connector (4 holes) zones, located on the Company's 150,000 acre Coffee Gold property, Yukon Territory. The deepest hole ever drilled on the property successfully intersected high-grade gold zones to a depth of 450m vertical at the Latte zone. Additional drilling at the Connector zone has extended known mineralization 100m towards the Supremo zone, supporting the concept that Latte and Supremo are related. A new gold zone at Connector has also been discovered occurring parallel to the original Connector mineralization.

Latte Deep Results                             Connector Results
CFD-164 –  5.5 g/t Au over 14m (from 353m)     CFD-149 –   1.8 g/t Au over 7m (from 70m)
            1.3 g/t Au over 10m (from 375m)                1.5 g/t Au over 17m (from 139m)
            5.5 g/t Au over 11m (from 433m)               10.1 g/t Au over 2m (from 166m)
           20.5 g/t Au over 3m (from 454m)     CFD-152 –  11.1 g/t Au over 4m (from 103m)
            2.8 g/t Au over 13m (from 464m)                1.9 g/t Au over 8m (from 153m)

Summary

- Deepest hole ever drilled on the Coffee property successfully intersects multiple high-grade zones including; 5.5 grams per tonne gold (g/t Au) over 14m (from 353m core length); 5.5 g/t Au over 11m (from 433m); 20.5 g/t Au over 3m (from 454m) and 2.8 g/t Au over 13m (from 464m).

- Drilling extends Connector zone 100m along trend towards Supremo gold zones. A new gold zone at Connector has also been discovered occurring parallel to the original Connector mineralization, results include; CFD-149: 1.5 g/t Au over 17m (from 139m), 10.1 g/t Au over 2m (from 166m) and CFD-152: 11.1 g/t Au over 4m (from 103m) and 1.9 g/t Au over 8m (from 153m).

- Latte structure extended an additional 200m east along strike towards Double Double zone and now extends at least 1550m long and is open in every direction and at depth. Assays for three additional deep holes at Latte are pending.

- Latte is one of several closely spaced gold prospects, which also includes the Supremo zone (900m north) and the Double Double zone (950m east). Geological similarities on all scales suggest these zones are related to the same mineralizing event and, as a result, are potentially connected along trend and at depth.


Drill Results

2011 drilling programs were conducted with the objective of extending mineralization along strike and to depth and proving continuity of mineralized structures. In previous news releases, the Company announced the extension of the Latte zone over 1350m strike length and to 275 metres depth below surface (September 14, 2011) and the discovery of the Connector zone (November 16, 2010) which returned an initial intercept of 5.5 g/t over 11m on a north-south trend along strike of the Supremo Zone.

The drilling covered within this news release extends the east-west trending Latte mineralized structure to at least 1550m along strike and 450m vertical below surface and highlights the potential for further extensions to the west and eastwards towards the Double Double Zone (950m east). A deep step-back hole at Latte West, CFD-164 drilled to 542.5m down hole depth, intersected a total of over 250 gram-metres (total grade x width) down hole to a maximum vertical depth below surface of 450m indicating that the Latte mineralized system persists strongly to depth. Three additional holes to test the depth potential beneath Latte West were drilled along strike of CFD-164 with results currently pending.

In addition, the initial Connector discovery is extended 100m northwards (from CFD-69: 5.5g/t over 11m from 133m depth) thereby confirming the north-south orientation and further highlighting the potential to link this zone with Supremo 900m to the north along strike. Significantly, a new parallel trending mineralized zone was intersected in drill holes CFD-149 (1.5 g/t over 17m and 10.1 g/t over 2m) and CFD-152 (11.1 g/t over 4m), which suggests the potential for the Connector system to host multiple stacked lenses of mineralization akin to the Supremo zones T1 to T7.

Gold mineralization in all zones at Coffee is hosted within brittle fractures and brecciated gneisses and schists accompanied by silica flooding and pyrite/limonite alteration. High‐grade intervals are associated with polyphase breccia, microbreccia, quartz vein breccia, coarse sericite and high sulphide content. Geological similarities between all zones and at all scales suggest these zones are related to the same mineralizing event and, as a result, are potentially connected along trend and at depth.

Latte/Connector is one of several closely spaced gold prospects, which also includes the Supremo zone (900m north) and the Double Double zone (950m east). The 2011 drilling has extended mineralization at Latte West 400m beyond the western limit of the gold-in-soil anomaly, and interpretation of geophysical data supported by gold-in-soil anomalies has reinforced the potential for linkages between the known gold zones. All zones are interpreted to come to surface and remain open along strike and at depth. Drilling in 2012 will continue to test for strike and depth extensions and across-strike for multiple stacked lenses of mineralization.

All maps, sections and assay sheets are currently available on the Kaminak website, www.kaminak.com.


Assay Table

Drill Hole # 	From (m) 	To (m) 	Width (m)* 	Weighted grade (g/t Au)
Latte West
Section 2850E
CFD-164 	320 	324 	4 	1.16
and 	344 	348 	4 	1.54
and 	353 	367 	14 	5.47
and 	375 	385 	10 	1.31
and 	433 	444 	11 	5.49
and 	454 	457 	3 	20.52
and 	464 	477 	13 	2.81
Section 2550E
CFD-133 	169 	170 	1 	0.63
CFD-138 	14 	15 	1 	0.61
CFD-145 	239 	248 	9 	2.38
and 	307 	311 	4 	1.05

Latte East
Section 4000E
CFD-135 	79 	82 	3 	1.50
and 	126 	131 	5 	3.23
CFD-136 	273 	274 	1 	7.46
Section 4100E
CFD-139 	217 	219 	2 	2.51
Section 4200E
CFD-142 	92 	93 	1 	1.62

Connector
Section 3400N
CFD-144 	130 	135 	5 	3.52
and 	199 	202 	3 	1.58
and 	207 	211 	4 	3.99
CFD-146 	62 	65 	3 	1.03
and 	99 	105 	6 	1.00
and 	158 	160 	2 	1.22
and 	302 	305 	3 	0.98
CFD-149 	70 	77 	7 	1.84
and 	127 	133 	6 	2.10
and 	139 	156 	17 	1.51
and 	166 	168 	2 	10.12
and 	195 	196 	1 	9.39
and 	311 	313 	2 	1.26
and 	324 	325 	1 	2.90
and 	362 	370 	8 	1.99
CFD-152 	88 	92 	4 	1.91
and 	103 	107 	4 	11.09
and 	153 	161 	8 	1.90
and 	173 	175 	2 	6.50
and 	230 	234 	4 	0.86

*True width estimated at approximately 2/3 core length.


QA / QC

Kaminak's disclosure of a technical or scientific nature in this press release has been reviewed and approved by Dr. Rob Carpenter, Ph.D., P.Geo., Kaminak's President and CEO, who serves as a Qualified Person under the definition of National Instrument 43-101. Quality assurance and quality control procedures include the systematic insertion of blanks and standards into the drill core sample string. Samples are placed in sealed bags and shipped directly to the ALS Minerals preparatory laboratory in Whitehorse prior to gold fire assay and ICP-MS analysis. The Coffee property is an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.


On behalf of the Board of Directors of Kaminak

Rob Carpenter, Ph.D., P.Geo.
President and CEO



Kaminak Gold Corporation

Kaminak is a member of the Discovery Group of companies. For more information on the group please visit www.discoveryexp.com.


Certain disclosures in this release, including management's assessment of plans and projects and intentions with respect to listings of securities, use of proceeds and future exploration programs, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Kaminak's operations as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including risks as to the completion of the plans and projects. Readers are cautioned not to place undue reliance on forward-looking statements. Kaminak expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.

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.



Contact Information

Kaminak Gold Corporation
Tony Reda, Vice-President of Corporate Development
604-646-4534 or Toll Free: 1-888-331-2269
info@kaminak.com
www.kaminak.com