Kaminak Expands Supremo and Double Double Gold Zones

New Results include: 36.3 g/t Au over 3.5m; 19.1 g/t Au over 6m; 16.5 g/t Au over 4.5m; 13.1 g/t Au over 6.1m and 2.6 g/t Au over 32m

VANCOUVER, 06/04/12 - Kaminak Gold Corporation (TSX VENTURE: KAM) today announced results for 39 reverse circulation (RC) drill holes and 24 diamond core drill holes from the Coffee Gold Project, Yukon Territory. Assays are presented from three gold trends comprising the T3 and T5 zones at Supremo and the nearby Double Double zone. The fully funded exploration program has now completed over 20,000m of drilling since March, and Kaminak is on schedule to complete its 2012 objective of 50,000m of drilling on budget. The ongoing program is designed to connect near-surface and well oxidized gold zones along trend and drill test additional gold-in-soil anomalies.


Key Point Summary

-  Double Double Zone: First four holes drilled in 2012 successfully
    extended the known gold trend an additional 100m; total strike length is
    now at least 300m. Results include: 36.3 g/t Au (grams per tonne gold)
    over 3.5m (from 51.5m core length); 16.5 g/t Au over 4.5m (from 71m) and
    5.8 g/t Au over 8m (from 79m). All zones remain open along trend and to
    depth. Thirteen additional holes are pending / planned along this 600m
    long gold-in-soil anomaly.

- T4-5 Zone (Supremo): Drilling in early 2012 identified a new near-
    surface gold trend initially defined over 50m in length. Additional
    drilling has now expanded the trend at least 600m in length. Results
    include: 13.1 g/t Au over 6.1m (from 119m); 4.3 g/t Au over 13.7m (from
    surface); 5.6 g/t Au over 9.1m (from 172m); 3.9 g/t Au over 13.7m (from
    154m) and 3.0 g/t Au over 12.2m (from 169m).

- T3 Zone (Supremo): Drilling successfully extended trace of gold zone an
    additional 300m; total strike length of T3 zone is now at least 1000m.
    Results include: 19.1 g/t Au over 6m (from 164m); 2.6 g/t Au over 32m
    (from 102m depth); 10 g/t Au over 4m (from 145m depth); 16.5 g/t Au over
    2m (from 67m depth) and 6.7 g/t Au over 5m (from 70m depth).

- Four drills are operating on the Coffee property and a fifth will be
    added by early July. Over 20,000m has been drilled to date, and Kaminak
    is scheduled to complete its 2012 objective of 50,000m on budget. Three
    drills are active at Supremo (2 diamond and 1 RC) and a fourth drill
    (diamond) is at Double Double. Drilling of the Sugar trend is expected
    to start in the third week of June.

Drill Results

Gold mineralization is hosted within brittle fractures and brecciated gneisses and felsic-intermediate intrusive rocks, accompanied by silica flooding and pyrite (oxidized to limonite/hematite) alteration. Higher-grade gold is associated with intense quartz-sericite alteration and high pyrite/limonite content. The mineralized structures are totally to partially oxidized to approximately 150m below surface. Geological similarities between all gold zones at Coffee suggest these zones are related to the same mineralizing event, and as a result, are potentially connected along trend and at depth. All gold zones drilled to date in 2012 start at surface and remain open down dip and along strike. All maps, sections and assay sheets are currently available on the Kaminak website, www.kaminak.com.


Double Double

Diamond core drilling commenced in early May at Double Double with 50m step-outs along strike of the drilling completed over the 2010/11 field seasons. To date, an additional 100m of strike has been added to the trend with the 2012 results of 36.29g/t Au over 3.5m (from 51.5m) and 16.53g/t Au over 4.5m (from 71m) being consistent with the previously intersected relatively high grade zones. Mineralization occurs in discrete east-northeast trending, steeply-dipping to vertical lodes characterized by intense silicification, polyphase breccia and strong clay and sulphides. Continued drilling (assays pending) along strike is testing the depth potential of the 600m long greater than 100ppb Au gold-in-soil anomaly.


Supremo T4-5

Reverse circulation (RC) drilling commenced in mid-March, with the first batch of assay results from T4-5 released on April 23, 2012 (see news releases March 19th and April 23rd, 2012). The drill program is designed to test the shallow and oxidized gold potential of the T4 and T5 structural trend. Total drilled strike length of the T4-5 trend, which is interpreted to connect with drill intercepts from 2011 RC drilling further to the north, is currently approximately 1000m. Results include: 13.1 g/t Au over 6.1m (from 119m); 4.3 g/t Au over 13.7m (from surface); 5.6 g/t Au over 9.1m (from 172m); 3.9 g/t Au over 13.7m (from 154m) and 3.0 g/t Au over 12.2m (from 169m). Ongoing drilling continues (assays pending) to test the T4 and T5 trends, which diverge and are interpreted to be striking towards the Connector/Latte and Double Double zones respectively.


Supremo T3

Two diamond core drills commenced drilling on T3 in early April stepping out along strike towards the Connector Zone located approximately 1km to the south. Drilling has continued to intersect a north-south striking, steeply east dipping structural corridor containing one or more mineralized lodes. Results include: 19.1 g/t Au over 6m (from 164m); 2.6 g/t Au over 32m (from 102m depth); 10 g/t Au over 4m (from 145m depth); 16.5 g/t Au over 2m (from 67m depth) and 6.7 g/t Au over 5m (from 70m depth). In total, the assay results received to date indicate an additional 300m strike has been added to the 700m already delineated in 2010-2011, for a total strike length of 1000m to date. Drilling is continuing on the southward extension of the T3 trend towards Connector (assays pending).


Exploration Update

The 2012 Coffee Gold Project drilling program is designed to connect known gold zones along trend and discover additional near-surface gold mineralization, building towards the maiden National Instrument 43-101 mineral resource estimate expected early 2013. In addition, the 2012 program will include the first ever drilling of the Sugar gold-in-soil anomaly, located 20km east of Coffee.

The ongoing drilling programs at Coffee continue to further define the strike extent of the Supremo and Double Double gold trends. Four drills are currently operating at Coffee, with one drill scheduled to commence drilling of the Sugar zone in the third week of June. A second RC drill will be added by early July, bringing the total to five drills operating across the Coffee property.


Assay Table

----------------------------------------------------------------------------
Drill Hole                                                    Weighted grade
 Number               From (m)         To (m)   Width (m)(i)        (g/t Au)
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Double Double
----------------------------------------------------------------------------
CFD-198                     44             45              1            5.61
----------------------------------------------------------------------------
and                         71           75.5            4.5           16.53
----------------------------------------------------------------------------
CFD-202                     62             64              2            7.37
----------------------------------------------------------------------------
and                       78.5           83.5              5            2.02
----------------------------------------------------------------------------
and                        316            317              1            1.76
----------------------------------------------------------------------------
CFD-205                   51.5             55            3.5           36.29
----------------------------------------------------------------------------
and                      120.9          124.4            3.5            0.80
----------------------------------------------------------------------------
CFD-209                   72.5             74            1.5            4.02
----------------------------------------------------------------------------
and                         79             87              8            5.85
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Supremo T4-5
----------------------------------------------------------------------------
CFR-149                  47.24          50.29           3.05            1.37
----------------------------------------------------------------------------
and                      74.68          79.25           4.57            1.38
----------------------------------------------------------------------------
CFR-150                  16.76          22.86           6.10            0.59
----------------------------------------------------------------------------
CFR-151                  21.34          22.86           1.52            2.05
----------------------------------------------------------------------------
and                      79.25          83.82           4.57            1.17
----------------------------------------------------------------------------
and                      94.49         106.68          12.19            2.34
----------------------------------------------------------------------------
CFR-152                  85.34          88.39           3.05            6.49
----------------------------------------------------------------------------
and                     121.92         129.54           7.62            1.72
----------------------------------------------------------------------------
CFR-153                  36.58           38.1           1.52            1.23
----------------------------------------------------------------------------
CFR-154                  48.77          59.44          10.67            1.15
----------------------------------------------------------------------------
and                      79.25           82.3           3.05            0.96
----------------------------------------------------------------------------
and                     198.12         199.64           1.52            1.29
----------------------------------------------------------------------------
CFR-155                  56.39          62.48           6.09            0.92
----------------------------------------------------------------------------
and                       70.1          74.68           4.58            1.34
----------------------------------------------------------------------------
and                       82.3          83.82           1.52            6.35
----------------------------------------------------------------------------
and                      99.06         111.25          12.19            2.33
----------------------------------------------------------------------------
CFR-156                  108.2         111.25           3.05            7.11
----------------------------------------------------------------------------
and                     121.92         138.68          16.76            1.64
----------------------------------------------------------------------------
CFR-157                  47.24          48.77           1.53            2.16
----------------------------------------------------------------------------
CFR-158                  74.68          77.72           3.04            4.06
----------------------------------------------------------------------------
CFR-159                 112.78         117.35           4.57            2.57
----------------------------------------------------------------------------
CFR-160                  16.76          21.34           4.58            2.52
----------------------------------------------------------------------------
and                     137.16          146.3           9.14            1.29
----------------------------------------------------------------------------
CFR-161                  54.86          56.39           1.53            0.97
----------------------------------------------------------------------------
CFR-162                  86.87          94.49           7.62            1.24
----------------------------------------------------------------------------
CFR-163                 155.45         172.21          16.76            1.14
----------------------------------------------------------------------------
CFR-164                 153.92         167.64          13.72            3.92
----------------------------------------------------------------------------
CFR-165        No Significant Result - Hole abandoned due to ground conditions
----------------------------------------------------------------------------
CFR-166                  21.34           38.1          16.76            1.36
----------------------------------------------------------------------------
and                      96.01          99.06           3.05            2.29
----------------------------------------------------------------------------
CFR-167                  74.68          77.72           3.04            1.57
----------------------------------------------------------------------------
and                     115.82         118.87           3.05            0.82
----------------------------------------------------------------------------
CFR-168                  27.43          30.48           3.05            1.36
----------------------------------------------------------------------------
and                      41.15           44.2           3.05            4.20
----------------------------------------------------------------------------
and                     118.87         124.97           6.10           13.12
----------------------------------------------------------------------------
and                     143.26         144.78           1.52            1.47
----------------------------------------------------------------------------
CFR-169                  67.06          71.63           4.57            1.90
----------------------------------------------------------------------------
and                     172.21         181.36           9.15            5.64
----------------------------------------------------------------------------
CFR-170                  45.72          57.91          12.19            2.21
----------------------------------------------------------------------------
CFR-171                  36.58          39.62           3.04            2.89
----------------------------------------------------------------------------
and                      85.34         102.11          16.77            2.09
----------------------------------------------------------------------------
CFR-172                  30.48          33.53           3.05            1.66
----------------------------------------------------------------------------
and                     155.45         160.02           4.57            1.25
----------------------------------------------------------------------------
and                      190.5         192.02           1.52            5.74
----------------------------------------------------------------------------
CFR-173                   1.53          15.24          13.71            4.28
----------------------------------------------------------------------------
and                     103.63         105.16           1.53            2.18
----------------------------------------------------------------------------
and                     117.35          120.4           3.05            2.06
----------------------------------------------------------------------------
CFR-174                  28.96          33.53           4.57            4.50
----------------------------------------------------------------------------
CFR-175                  12.19          15.24           3.05            1.10
----------------------------------------------------------------------------
and                      64.01          73.15           9.14            1.70
----------------------------------------------------------------------------
and                     169.16         181.36           12.2            3.03
----------------------------------------------------------------------------
CFR-176                  67.06          68.58           1.52            2.17
----------------------------------------------------------------------------
and                     111.25          114.3           3.05            1.04
----------------------------------------------------------------------------
and                     124.97         129.54           4.57            4.74
----------------------------------------------------------------------------
CFR-177                 126.49         128.02           1.53            1.54
----------------------------------------------------------------------------
CFR-178                 102.11         105.16           3.05            0.83
----------------------------------------------------------------------------
and                     155.45          158.5           3.05            0.96
----------------------------------------------------------------------------
CFR-179                  59.44          62.48           3.04           10.88
----------------------------------------------------------------------------
CFR-180                  120.4         128.02           7.62            1.33
----------------------------------------------------------------------------
CFR-181                  85.34         102.11          16.77            1.60
----------------------------------------------------------------------------
CFR-182                  88.39          89.92           1.53            2.54
----------------------------------------------------------------------------
and                      190.5         192.02           1.52            2.08
----------------------------------------------------------------------------
CFR-183                  57.91          59.44           1.53            2.14
----------------------------------------------------------------------------
and                     115.82         117.35           1.53            3.85
----------------------------------------------------------------------------
CFR-184                 141.73         144.78           3.05            0.89
----------------------------------------------------------------------------
CFR-185                  25.91          30.48           4.57            2.63
----------------------------------------------------------------------------
and                      53.34          59.44           6.10            1.28
----------------------------------------------------------------------------
and                      74.68           76.2           1.52            2.03
----------------------------------------------------------------------------
CFR-186                  77.72          79.25           1.53            1.91
----------------------------------------------------------------------------
and                      108.2         109.73           1.53            1.56
----------------------------------------------------------------------------
CFR-187                  86.87          88.39           1.52            1.06
----------------------------------------------------------------------------
and                     141.73          146.3           4.57            3.66
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Supremo T3
----------------------------------------------------------------------------
CFD-178                     15             17              2            1.13
----------------------------------------------------------------------------
and                         25             26              1            2.02
----------------------------------------------------------------------------
and                         38             40              2            1.10
----------------------------------------------------------------------------
and                         69             74              5            1.74
----------------------------------------------------------------------------
and                        137            139              2            2.49
----------------------------------------------------------------------------
CFD-179                     30             44             14            1.64
----------------------------------------------------------------------------
and                         80             90             10            1.49
----------------------------------------------------------------------------
CFD-180                     72             74              2            8.16
----------------------------------------------------------------------------
and                         84             89              5            1.60
----------------------------------------------------------------------------
and                        104            111              7            4.47
----------------------------------------------------------------------------
and                        124            125              1            3.51
----------------------------------------------------------------------------
CFD-181                     62             64              2            1.51
----------------------------------------------------------------------------
and                        103            126             23            1.34
----------------------------------------------------------------------------
CFD-182                     58             64              6            1.35
----------------------------------------------------------------------------
and                        109            112              3            0.89
----------------------------------------------------------------------------
and                        131            133              2            1.14
----------------------------------------------------------------------------
CFD-183                     68             70              2            3.98
----------------------------------------------------------------------------
and                        144            152              8            1.54
----------------------------------------------------------------------------
and                        164            170              6           19.14
----------------------------------------------------------------------------
and                        173            175              2            1.74
----------------------------------------------------------------------------
CFD-184                     85             87              2            1.39
----------------------------------------------------------------------------
and                         97            105              8            1.08
----------------------------------------------------------------------------
and                        141            143              2            4.65
----------------------------------------------------------------------------
and                        160            162              2            2.21
----------------------------------------------------------------------------
CFD-185                    169            187             18            1.81
----------------------------------------------------------------------------
and                        207            208              1            4.57
----------------------------------------------------------------------------
CFD-186                     70             75              5            6.68
----------------------------------------------------------------------------
CFD-187        No Significant Result
----------------------------------------------------------------------------
CFD-188                     77             78              1            4.42
----------------------------------------------------------------------------
and                         82             83              1            1.42
----------------------------------------------------------------------------
and                         88             89              1            2.56
----------------------------------------------------------------------------
and                         95            112             17            1.40
----------------------------------------------------------------------------
CFD-189                     95             96              1             3.0
----------------------------------------------------------------------------
and                        102            134             32            2.56
----------------------------------------------------------------------------
CFD-190                    106            116             10             1.0
----------------------------------------------------------------------------
CFD-191                     97             99              2            5.47
----------------------------------------------------------------------------
and                        129            134              5            2.49
----------------------------------------------------------------------------
and                        160            163              3            1.69
----------------------------------------------------------------------------
CFD-192                    145            149              4            9.99
----------------------------------------------------------------------------
CFD-193        No Significant Result
----------------------------------------------------------------------------
CFD-194        No Significant Result
----------------------------------------------------------------------------
CFD-195                    102            103              1            1.32
----------------------------------------------------------------------------
CFD-196                    126            127              1            5.68
----------------------------------------------------------------------------
CFD-197                     67             69              2           16.55
----------------------------------------------------------------------------
and                         79             80              1           12.95
----------------------------------------------------------------------------
CFD-199                     14             16              2            1.83
----------------------------------------------------------------------------

(i) True width estimated at approximately 2/3 down-hole 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 sample string. Samples are placed in sealed bags and shipped directly to the ALS Minerals preparatory laboratory in Whitehorse prior to gold fire assay. The Coffee property is an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.


Kaminak Gold Corporation

For further information about Kaminak Gold Corporation or this news release, please visit our website at www.kaminak.com.


On behalf of the Board of Directors of Kaminak

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



Certain disclosures in this release, including management's assessment of plans, projects and intentions with respect to the Coffee Project drilling program 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.



Contacts:

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