Table 1 - Updated Inferred Mineral Resource Estimate for the Lac Cinquante Deposit (January 2012)

Notes
- Base case cut-off of 0.2%U₃O₈ is highlighted in the table.
- High U₃O₈ grades were cut to 5% and grade limiting was applied to those grades above 3%.
- Mineral Resources are not Mineral Reserves. Mineral Resources do not have demonstrated economic viability, and may never be converted into Reserves.
- Contained metal values may not add due to rounding.

Table 2 - Inferred Mineral Resource Estimate for the Lac Cinquante Deposit by Zone - 0.2% U₃O₈ Cut-off (January 2012)

Kivalliq has drilled 275 core holes totalling 42,109 metres on the Angilak Property over the past three years: 16 in 2009, 106 holes in 2010 and another 153 holes were completed during the 2011 field season.  Of these, 240 NQ holes totalling 37,394 metres were dedicated to delineating the Lac Cinquante deposit (Main, East and Western Extension Zones) which have been used in the generation of the mineral resource estimate.  The distribution of U₃O₈% in drill holes is shown in an image at http://kivalliqenergy.com/projects/angilak/program_images/.

The resource model is constrained within a 3-dimensional domain representing the mineralized portion of the host mafic tuff and shear zone.  Drill hole samples are composited to the full width of the zone and true thicknesses are determined for each drill hole intercept.  Blocks in the model measure 5x5x5 metres in size. Only the portion of those model blocks within the mineralized domain are included in the final resource estimate.  The method used for the estimation of U₃O₈ grade is ordinary kriging using length-weighted composited drill hole intervals.  Estimates for Ag, Mo and Cu utilize the inverse distance weighting interpolation method. Resource tonnages are calculated using bulk density data that originates from individual drill hole samples.  Composited to the full width of the mineralized domain, bulk densities range from 2.35t/m3 to 3.77 t/m3 with a mean of 2.85 t/m3.  All resources are considered inferred which is based on an analysis of continuity and confidence. Model blocks are included in the inferred category if they form relatively continuous zones of mineralization within a maximum distance of 50 metres from a drill hole intercept.

The Lac Cinquante deposit is considered to be an early stage therefore little is known about its potential minebility or metallurgical characteristics. When subjected to estimated technical and economic operating parameters, the base case mineral resource at 0.2% U₃O₈ cut-off forms a relatively continuous zone exhibiting thicknesses and grades that exhibit reasonable prospects for the economic extraction for this deposit through a combination of open pit and underground mining scenarios. 

A technical report will be filed on SEDAR within 45 days.

Comparison with Previous Resource Estimate

The previous mineral resource was presented in a technical report dated March 24, 2011 and was based on drilling results available up to the end of the 2010 field season.  The majority of the increase in the Lac Cinquante resource is attributable to the discovery of additional zones. Specifically, the 2011 drilling added the Western Extension and the Eastern Extension zones which have been the most significant contributor to the increase in resources.  Overall, the contained pounds of U₃O₈ have almost doubled from approximately 14 to 27 million lbs as a result of drilling completed in 2011.

Geology Model of Lac Cinquante

Lac Cinquante is a basement hosted, vein-hydrothermal type, unconformity associated uranium deposit. The emplacement of uranium is structurally controlled, often associated with a graphite-chlorite tuffaceous metasediment interlayered in Archean metavolcanics.  Mineralization consists of disseminated and patchy pitchblende with sulphides within fracture controlled, brecciated, hematite-quartz-carbonate veins that can occur in either the host shear or tuff unit. The deposit is comprised of three distinct mineralized sections occurring over 3.8 kilometres of strike length and interpreted to be off-set by faults.  The central “Main” Lac Cinquante zone is the largest, measuring 1.4 kilometres in drilled length, striking at an azimuth of 115 degrees and dips to the SSW at roughly -65 degrees. The “Western Extension” is a 120 metre left-lateral displacement of the Main zone.  The Western Extension has a drilled strike length of approximately 550 metre, is oriented at 125 degrees azimuth and dips to the SSW at -70 degrees.  The “Eastern Extension” is interpreted as a 250 metre left-lateral displacement of the Main zone with a strike of 122 degrees azimuth, a -78 degree SSW dip and an overall drilled strike length of approximately 550 metre.  The true thickness of the mineralized domain varies from 5 centimetres to a maximum of 13.5 metres with an average thickness of 2.2 metres.   

Continuing Resource Expansion

Lac Cinquante remains open along strike to the east, west and at depth, demonstrating potential to increase the size of the resource of this deposit. In 2010, step-out drill hole 10-LC-013 intersected 0.21% U₃O₈ over 1.96 metres, approximately 500 metres west of the resource drilling. This hole was later determined to be part of the Western Extension zone, and now forms part of this updated resource estimate for Lac Cinquante. Drill hole intercepts from 30 to 327 metres vertically at the Western Extension were incorporated into the resource estimate. Potential exists to add resources with drilling in the projected zone below the existing resource area.

In Kivalliq’s news release dated January 10, 2012, the Company provided assay results from 1,732 metres of diamond drilling in 14 holes conducted in 2011 at the Blaze/Spark, Pulse and Joule Zones. These zones, discovered during the 2010 and 2011 drilling campaigns, are all located within a 5.0 kilometre radius of the Lac Cinquante uranium deposit.

Two of these diamond drill holes tested the Pulse zone, part of a 3.0 kilometre long VLF EM conductive trend situated 650 metres northeast and parallel to the Lac Cinquante uranium deposit. The holes were drilled to follow up on a mineralized zone identified by anomalous radioactivity in 9 out of 10 reverse circulation (“RC”) test holes along 600 metres of strike length in 2011. Preliminary interpretations suggest that mineralization occurs within structurally controlled sheared basalt similar to that found at the Lac Cinquante Western Extension and as pitchblende bearing brecciated quartz carbonate veins. Due to its close proximity to Lac Cinquante and the geological similarities noted, “Pulse” represents a high priority drill target for the upcoming 2012 exploration campaign.

The 2011 drill results on exploration targets demonstrate the potential to identify additional mineralized zones near the resource area, and verify the success of the Company’s targeting techniques on previously untested conductive trends parallel to the Lac Cinquante.

QA/QC

The information in this release related to the mineral resource estimate has been approved by Robert Sim, P.Geo of SIM Geological Inc., who is an independent Qualified Person as defined under National Instrument 43‐101. Jeff Ward, P.Geo, President of Kivalliq and a Qualified Person for the Company, has reviewed and approved the information contained in this release.

About Kivalliq Energy Corporation

Kivalliq Energy Corporation is a uranium exploration and development company, and the first company in Canada to sign a comprehensive agreement with the Inuit of Nunavut to explore for uranium on Inuit Owned Lands in Nunavut.

With an NI 43-101 Inferred Mineral Resource of 1,779,000 tonnes grading 0.69% U₃O₈, totalling 27.13 million lbs U₃O₈, (15.2 lbs U₃O₈/tonne) at a 0.2% U₃O₈ cut-off grade, the Lac Cinquante Deposit is Canada’s highest grade uranium deposit outside of the Athabasca Basin. Kivalliq’s flagship project, the 225,000 acre Angilak Property in Nunavut, hosts the high-grade Lac Cinquante deposit, along with nine additional high priority target areas.

Since acquiring the Angilak Property in 2008, the Company has invested approximately $30 million conducting systematic exploration, including ground and airborne geophysics, geological mapping, prospecting and approximately 48,000 meters of RC and diamond drilling.

On behalf of the Board of Directors

“Jim Paterson”

James R. Paterson, CEO
Kivalliq Energy Corporation

For further information about, Kivalliq Energy Corporation or this news release, please visit our website at www.kivalliqenergy.com (m.kivalliqenergy.com) or contact Investor Relations toll free at 1.888.331.2269, at 604.646.4527, or by email at info@kivalliqenergy.com.

Kivalliq Energy Corporation is a member of the Aurora Resource Group of companies.

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.

• 273 rock samples collected, with 10% (27 samples) exceeding 1% U3O8, along with multiple samples containing significantly anomalous  silver (Ag), copper (Cu), and (Pb) lead values
• “BIF” Zone - High-grade U-Cu-Mo-Ag veins sampled along a 3 km shear zone and geophysical trend
• “AG” Showing - 21,600 g/t Ag (626.4 oz/ton) assay from a native silver occurrence discovered in subcrop
• “Taluaq” - New claims staked to secure a prominent 2 km by 10 km ovoid magnetic feature with initial samples showing polymetallic potential
• VGR mineralized geophysical trend was extended to 4 km in strike length

Highlights from Assays

• 20.00% U3O8, 107.0 g/t Ag, 12.70% Cu, 5.02% Pb - (Sample 1828) Force
• 23.80% U3O8, 114.0 g/t Ag, 0.81% Cu, 5.90% Pb, 0.58% Mo - (Sample 1839) BIF Zone
• 16.00% U3O8, 321.0 g/t Ag, 5.38% Pb, 0.76% Mo - (Sample 1860) BIF Zone
• 30.30% U3O8, 163.0 g/t Ag, 5.16% Cu, 22.90% Pb - (Sample 1983) BIF Zone
• 21,600 g/t Ag; 301.0 g/t Ag, 1.16% Cu - (Samples 1801 and 1802) AG Showing

For maps of priority areas from Kivalliq’s prospecting programs and a table of key results, please visit http://kivalliqenergy.com/projects/angilak/   

2011 Prospecting Program

A prospecting crew was active for 3 months between June and September, mapping and collecting grab samples from outcrop, subcrop and glacial float across the Angilak property. This work was able to advance existing high priority areas and identify several new mineralized zones on the property. Of the 273 grab samples collected, 163 are considered to represent in-situ bedrock sources, with the remaining 110 samples taken from cobbles and boulders found in glacial till. In addition, 10% (27 samples) returned assays in excess of 1% U3O8, with many having significant silver, copper, molybdenum, lead and zinc values.

BIF Zone

High-grade U-Cu-Mo-Ag assays in samples from multiple veins (1 to 3 cm wide) and boulders were identified at the new “BIF” zone, located approximately 10 km from Lac Cinquante. Results include 13 of 25 grab samples exceeding 1% U3O8 and 5 samples with over 15% U3O8 taken along the strike length of a geophysical anomaly and related mineralized structure. The BIF uranium occurrence is associated with a 3 km long reactivated shear zone on the margin of the Yathkyed Greenstone Belt, and within a package of mylonitized iron formation and tuffaceous volcano-sedimentary rock.  A ground VLF and magnetic survey carried out in the area of highly anomalous samples will be the focus of future work and drilling in 2012. A map of the BIF zone is available at http://kivalliqenergy.com/projects/angilak/
Highlight samples from the BIF Zone:

• 30.30% U3O8, 163.0 g/t Ag, 5.16% Cu, Cu,  22.90% Pb - (Sample 1983) outcrop
• 23.80% U3O8, 114.0 g/t Ag, 0.81% Cu, 5.90% Pb, 0.58% Mo - (Sample 1839) outcrop
• 17.90% U3O8, 38.3 g/t Ag, 0.15% Cu, 6.00% Pb, 0.45% Mo - (Sample 1833) outcrop
• 16.60% U3O8, 51.3 g/t Ag, 0.05% Cu, 3.67% Pb, 0.95% Mo - (Sample 1836) float
• 16.00% U3O8, 321.0 g/t Ag, 5.38% Pb, 0.76% Mo - (Sample 1860) outcrop

AG Showing

Of note is a new native silver occurrence discovered approximately 7.5 km east of the Lac Cinquante uranium deposit. Carbonate and quartz veins in a sheared tuff unit contain significant Ag values ranging from 10 to 301 g/t in 14 of 21 grab samples, with 21,600 g/t in one grab. The veins appear to be barren of uranium, but can contain significant concentrations of Cu, Pb, and Zn. Mineralization and veins are exposed over 65 m strike length, with a width of approximately one metre. To date, only one discontinuous high-grade Ag vein has been identified, but it is situated at the end of a 1 km long VLF-EM conductor which could host additional Ag and polymetallic veins. A single 80 m long inclined drill hole (11-AG-001) tested the western end of the VLF-EM conductor with no significant results.

Force

The Force area, located in the central part of the Angilak property, straddles a major northeast trending fault zone which cuts through Archean basement gneisses and Proterozoic ultrapotassic intrusions. Prospecting in 2010 and 2011 has identified U-Cu-Pb-Ag veins in outcrop and subcrop at two main zones 200 m apart along this fault zone. Three additional grab samples collected in 2011 confirm high grades identified in 2010, with the best assaying 20.00% U3O8, 12.70% Cu and 107.0 g/t Ag. Due to difficult ground conditions, only two of four RC test holes were completed to depth. No significant radioactivity was intersected in either hole, however favourable geophysics, geology, high grade boulders and significant Quaternary cover suggest further work is warranted.

Taluaq

In late summer, prospectors investigated a prominent 2 km by 10 km magnetic geophysical feature just north of the Angilak property boundary. Ten claims were staked over this ovoid signature which could represent a large, high-level subvolcanic intrusion with associated mineralization. Follow-up work resulted in the discovery of disseminated and stockwork base metal mineralization in syenitic boulders and outcrop, now named the “Taluaq” zone. Assay results from 4 grab samples have elevated concentrations of Cu (0.06%-0.69%), Pb (0.14%- 4.95%), Zn (0.04%-3.3%), and Ag (1.2-110 g/t). Although no uranium was encountered, only a fraction of the magnetic anomaly has been investigated and future work will focus on assessing the uranium and REE potential, as well as polymetallic mineralization in the syenitic intrusion.

VGR

Several significant showings discovered along the VGR trend in 2010 were revisited in 2011, including the highly prospective VGR fault system itself. The VGR trend hosts a 3 to 7 m wide, steeply‐dipping carbonate/hematite veins and fractures containing uranium and sulphide mineralization in trachyandesite. Prospecting to the southwest along strike of the main VGR showing identified additional areas of alteration and uranium mineralization with values up to 3.75% U3O8, extending the known mineralized trend to 4 km strike length. Four RC test holes on the main VGR showing returned promising results, with elevated radioactivity (5000 to15000 cps on a Mt. Sopris downhole radiometric probe) in the upper 65 m of one hole. The area remains very prospective for unconformity-style uranium mineralization and is a high priority drill target for 2012.

QA/QC

Samples collected as part of the 2011 prospecting program were comprised of grab samples generally less than 2.5 kilograms in size. All samples were analyzed for U3O8 and a multi-element suite by Saskatchewan Research Council (SRC) Geoanalytical Laboratories. The SRC facility operates in accordance with ISO/IEC 17025:2005 (CAN-P-4E), General Requirements for the Competence of Mineral Testing and Calibration laboratories and is accredited by the Standards Council of Canada. The samples are first analyzed by SRC’s ICP-OES multi-element Uranium exploration ICP1 method. ICP results U>1000 parts per million (ppm) are analyzed using SRC’s ISO/IEC 17025:2005-accredited U3O8 Assay method. Other metals analyzed by ICP were reported in ppm and subsequently converted to % or grams/tonne. Other metals will be verified by additional assays. Laboratory quality control (QC) includes a repeat analysis on every 20th sample. Repeat samples had good reproducibility.

Disclosure of a technical nature contained in this release has been reviewed and approved by Kivalliq’s President, Jeff Ward, P.Geo. Mr. Ward is the Qualified Person for the purposes of National Instrument 43-101.

About Kivalliq Energy Corporation

Kivalliq Energy Corporation is a uranium exploration and development company based in Vancouver, Canada and the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory, Canada.

With a NI 43-101 Inferred Resource of 14.15 million pounds at 0.79% U3O8, the Lac Cinquante Deposit is Canada's highest grade uranium deposit outside of the Athabasca Basin.  Kivalliq's flagship project, the 225,000 acre Angilak Property in Nunavut, hosts the high-grade Lac Cinquante deposit, along with multiple, highly mineralized target areas.

Since acquiring the Angilak Property in 2008, the Company has invested approximately $30 million conducting systematic exploration, including ground and airborne geophysics, geological mapping, prospecting and 48,000 meters of drilling.

Kivalliq's team of northern exploration specialists has forged strong relationships with sophisticated resource sector investors and project partner Nunavut Tunngavik Inc. ("NTI") to advance the Angilak Property. The Company is focused on building shareholder value while adhering to a high level of environmental and safety standards and proactive local community engagement.

On behalf of the Board of Directors

“Jim Paterson”
James Paterson, CEO
Kivalliq Energy Corporation

For further information about, Kivalliq Energy Corporation or this news release, please visit our website at www.kivalliqenergy.com  or contact Investor Relations at 1.888.331.2269 toll free, directly at 604.646.4527 or by email at info@kivalliqenergy.com.

Certain disclosures in this release, including management's assessment of plans and projects and intentions with respect to future exploration programs, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Kivalliq'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. Other than as required by applicable securities legislation, Kivalliq 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.

• Supremo T3 high-grade oxidized gold zone extended an additional 100m south along strike.  Results include:  19.6 grams per tonne gold (g/t Au) over 10.7m (from 120.7m hole depth); 45.9 g/t Au over 3.1m (from 25.0m hole depth); 5.7 g/t Au over 15m (from 77m hole depth) and 6.5 g/t Au over 12.2 m (from 6.4m hole depth).  Gold mineralization on T3 now extends at least 700m along trend and remains open in all directions.  
• Surface soil geochemistry and newly acquired aeromagnetic data suggest the Supremo ‘T’ structures link with the Latte zone located 1km south, and also extends northwards for up to 800m, for a total inferred strike length of 2.5km.  
• Newly Defined Supremo T2 oxidized zone identified approximately 150m west of and parallel to T3. Results include:  2.6 g/t Au over 24.4m (from 12.5m hole depth); 2.9 g/t Au over 21.3m (from 53.6m hole depth) and 6.5 g/t Au over 9.2m (from 152.7m hole depth).  Mineralization can be traced at least 350m along strike and remains open in all directions.
• Latte West deep drilling further extended mineralization down-dip.  Results include:  3.8 g/t Au over 8m (from 237m hole depth); 1.1 g/t Au over 48m (from 281m hole depth); 1.1 g/t Au over 26m (from 337m hole depth) and 1.9 g/t Au over 10m (from 334m hole depth).
• Regional drilling yields new gold discovery at Macchiato soil anomaly.  Four holes spaced over 300m all intersected significant gold mineralization.  Results include:  5.4 g/t Au over 5m (from 10m hole depth); 4.2 g/t Au over 6m (from 45m hole depth); 3.6 g/t Au over 6m (from 56m hole depth) and 5.8g/t over 3m (from 121m).  

Drill Results

All assay results from the 2011 drill program have now been released.  Approximately 48,000m were drilled continuously from April to October, comprising 101 diamond drill holes and 134 reverse circulation drill holes.  Planning of an aggressive 2012 drill program is ongoing with drilling expected to recommence in late March.  Program details will be released in the coming weeks. 

Supremo Drill Results (T3 and T2 Zones)

New drilling successfully extended the high-grade Supremo T3 gold zone an additional 100m south along strike and mineralization now totals 700m in length and remains open in all directions.  Late in the 2011 field season a total of 13 holes were completed from Section 4225N to Section 4325N comprising 8 RC holes and 5 diamond holes.  Results include:  19.6 grams per tonne gold (g/t Au) over 10.7m (from 120.7m hole depth), which includes 33.4 g/t Au over 6.1m; 45.9 g/t Au over 3.1m (from 25.0m hole depth); 5.7 g/t Au over 15m (from 77m hole depth) and 6.5 g/t Au over 12.2 m (from 6.4m hole depth).  Systematic drilling in 2011 focused on expanding the near-surface oxidized gold mineralization on the T3 structure, which extends up to 200m depth, and has outlined a significant high-grade steeply-dipping mineralized zone that remains open in all directions.  

CFR124 intersected the highest gold grade from Supremo T3 drilling to date, comprising a fire assay result of 86.8 g/t Au over 1.5 metres from 126.8m to 128.3m down hole.  As part of Kaminak’s standard QA / QC procedures, screen fire assaying was conducted to verify the initial high grade fire assays, returning a closely comparable result of 91.3 g/t Au.  In addition, a field duplicate sample collected over the same interval returned 93.1 g/t Au from fire assay and 97.0 g/t Au from screen fire assay.  The duplicates and screen fire assays (which are used in the calculation of the drill intercept reported in the table below) further support the consistency, repeatability and overall reliability of drill assaying results at the Coffee Gold Project.

Surface soil geochemistry and newly acquired aeromagnetic data suggest the Supremo ‘T’structures link with the Latte zone located 1km south, and also extends northwards for up to 800m, for a total inferred strike length of 2.5km.  South of the currently drilled T3 zone, the Connector zone lies at the southern-most extent of the interpreted ‘T’ structures where they intersect or merge with the Latte structure.  Recently, the discovery of a new zone at Connector was announced (news release November 21, 2011) comprising drill intercepts up to 11.1 g/t Au over 4m.  The ‘gap’ in drilling on the Supremo ‘T’ structures between Supremo and Latte/Connector represents a top priority exploration target for 2012.  Approximately 800m of inferred strike on the T structures in this ‘gap’ zone will be systematically tested by step-out drilling in 2012.  

North of the Supremo T3 zone, four additional diamond holes were drilled on aggressive step-outs of up to 800m along strike of the previous T3 drilling, and all of these new holes successfully intersected alteration and mineralization consistent with the T3 structure.  Results include:  4.2 g/t Au over 2m (from 149m hole depth) and 5.2 g/t Au over 3m (from 302m hole depth).

A new oxidized gold trend is emerging on the Supremo T2 structure located approximately 150m west of the well-defined T3 gold zone.  Gold mineralization within the T2 and T3 structures are geologically and geochemically similar and are interpreted to be related.  Results from T2 include:  2.6 g/t Au over 24.4m (from 12.5m hole depth); 2.9 g/t Au over 21.3m (from 53.6m hole depth) and 6.5 g/t Au over 9.1m (from 152.7m hole depth), in addition to 3.7 g/t Au over 16m from CFD29 drilled in 2010.  Mineralization can be traced at least 350m along strike and remains open in all directions.  To date, the T2 structure has received fewer drill holes than the neighboring T3 zone; however, results to date at T2 are consistent with multiple plunging gold zones hosted in steeply-dipping deeply oxidized structures. 

Two additional diamond core drill holes tested other structures in the Supremo area east of T3:  holes CFD168 and 173 tested the inferred T6 and T8 structures respectively.  Both drill holes returned multiple encouraging intercepts including from CFD168:  5.2 g/t Au over 2m (from 101m hole depth) and 8.6 g/t Au over 1m (from 254m hole depth);  and from CFD173: 1.2 g/t Au over 7m (from 144m hole depth). 

Overall, the Supremo drill results from 2011 built strongly upon the initial discoveries made in 2010 with the key targets achieved, including proving continuity of structure, consistency of high grade plunging zones, and significant strike length.  Furthermore, the results indicate potential for additional significant mineralization to be delineated, both on the high grade T3 structure and in multiple sub-parallel ‘stacked’ structures over an area of at least 2km x 2km.  All zones discovered to date remain open along strike and to depth. 

Latte

Three additional diamond core holes were drilled late in the 2011 field season targeting down-dip extensions of the broad gold mineralized zones intersected throughout the 2011 Latte drill program.  The three drill holes comprised step-outs along strike of the significant deep drill intercepts in CFD164 which were announced in late 2011 (news release 21 November 2011) including 5.5 g/t Au over 11m and 20.5 g/t Au over 3m at vertical depths of up to 450m below surface.  The follow-up drilling on 50m spaced sections returned intercepts including;  1.1 g/t Au over 48m (from 281m hole depth) and 1.1 g/t Au over 26m (from 337m hole depth). 

Regional Drill Results

Three previously undrilled gold-in-soil anomalies were drilled in 2011 including the Macchiato, Cappuccino and Americano West areas. 

The best results were returned from Macchiato located approximately 1.5km NNW of Supremo T3, which comprises an ENE striking gold-in-soil zone over 800m strike to a maximum of 237ppb Au.  Significant gold mineralization was intersected in every drill hole over +400m strike length, thereby confirming a new bedrock gold discovery.  Drill assay results included:   4.2 g/t Au over 6m (from 45m hole depth), 5.4 g/t Au over 5m (from 10m hole depth), and 3.6 g/t Au over 6m (from 56m hole depth).  Follow-up drilling is planned in 2012. 

Gold mineralization at Macchiato is hosted within brittle fractures and brecciated gneisses and schists accompanied by silica flooding and pyrite/limonite alteration.  High‐grade intervals are associated with intense quartz-sericite alteration and high sulphide content.  Geological similarities between Macchiato and other 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 maps, sections and assay sheets are currently available on the Kaminak website, www.kaminak.com.

Assay Table

Drill holes CFR-100, CFR-101, CFR-107, CFD-155 and CFD-167 returned no significant values.
Drill holes CFR-130, CFR-130A and CFR-132 were abandoned due to ground conditions.
Drill holes prefixed CFD: diamond core holes. Drill holes prefixed CFR: reverse circulation holes.
*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 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"

Rob Carpenter, Ph.D., P.Geo.
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.

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.

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.

Exploration Drilling Highlights*:

• 0.62% U3O8,  1.6  g/t Ag, 0.01% Cu, over 0.7 metres in 11-523-001 (Pulse)
• 0.44% U3O8, 12.8 g/t Ag, 0.59% Cu, over 2.3 metres in 11-523-002 (Pulse)
• 0.21% U3O8,  7.5  g/t Ag, 0.03% Cu, over 3.4 metres in 11-523-002 (Pulse)
• 0.43% U3O8, 16.3 g/t Ag, 0.27% Cu, over 7.6 meters in 11-BZ-020 (Blaze)
• 0.90% U3O8, 17.0 g/t Ag, 0.25% Cu, over 2.1 meters in 11-BZ-021 (Blaze)
• 0.49% U3O8, 12.3 g/t Ag, 0.03% Cu, over 1.5 meters in 11-BZ3-001 (Spark)

      *Down hole intercepts

“These results demonstrate our success at identifying a growing number of mineralized targets near the resource area,” stated President Jeff Ward. “The encouraging values from exploration drilling have verified our targeting techniques on previously untested conductive trends parallel to Lac Cinquante main zone.”

Pulse
Two diamond drill holes tested the Pulse zone, part of a 3.0 kilometre long VLF EM conductive trend situated 650 metres northeast and parallel to the Lac Cinquante uranium deposit. The holes were drilled to follow up on a mineralized zone identified by anomalous radioactivity in 9 out of 10 reverse circulation (“RC”) test holes along 600 metres of strike length. Preliminary interpretations suggest that mineralization occurs within structurally controlled sheared basalt similar to that found at the Lac Cinquante Western Extension and as pitchblende bearing brecciated quartz carbonate veins. Due to its close proximity to Lac Cinquante and the geological similarities noted, Pulse represents a high priority drill target for the upcoming 2012 exploration campaign.

Blaze
Four holes at Blaze were drilled to test the down dip continuity of the mineralized cross cutting quartz carbonate vein intersected by DDH 11-BZ-010 (announced June 20, 2011) and to investigate the structural controls for mineralization at Blaze. Results suggest the 11-BZ-010 vein has an estimated true width of 1.5 metres to 3.8 metres to a vertical depth of at least 85 metres and that other similarly oriented crosscutting mineralized veins are present.

Spark
A single diamond drill hole tested the Spark zone, a northwest trending linear VLF EM conductor located approximately 500 metres west of Blaze. Mineralization is hosted in altered basalt on the upper contact of a narrow laminated tuff unit. 11-BZ3-001 was drilled to follow up on anomalous radioactivity indicated by 4 out of 8 RC test holes targeting the center of the BZ3 anomaly. 

Joule (JML anomaly)
Four holes confirmed U3O8 values along 25 metres of strike length at the JML anomaly, an east-west trending VLF-EM conductor in the Joule Valley, located 7.0 kilometres southeast of Lac Cinquante. The holes tested anomalous radioactivity identified by 8 RC test holes along 250 metres of strike length.

Also in the Joule area, two core holes tested the J9 anomaly 4.5 kilometres southeast of Lac Cinquante. Drill hole 11-J9-001 intersected a narrow quartz carbonate vein in basalt with anomalous U3O8 values.

For a summary of the 2011 exploration program at Angilak, please see the news release from October 18, 2011. To view updated drill plan maps and tables please visit:  http://kivalliqenergy.com/projects/angilak/program_images/

*All samples subject to ICP 1 Analysis by SRC in Saskatoon, SK. ICP1 results >1000 ppm U are subject to SRC U3O8 Assay; ICP1 results for Cu, Mo and Ag are reported by SRC in parts per million (ppm).  1 ppm = 1gm/t, 10000 ppm = 1%; Intervals include ICP U analysis in ppm converted to U3O8%.  Conversion to U3O8% = ppm x 0.01179%. Intervals reported are down-hole and true widths are not known at this time. Two exploratory diamond drill holes 11-J9-002 and 11-AG-001 did not intersect mineralization.

QA/QC 

Samples from the 2011 drilling program comprised half split NQ drill core, assayed in 0.25 to 1.5 metre intervals and weighted for results in table. All samples were analyzed for U3O8 and a multi-element suite by Saskatchewan Research Council (SRC) Geoanalytical Laboratories. The SRC facility operates in accordance with ISO/IEC 17025:2005 (CAN-P-4E), General Requirements for the Competence of Mineral Testing and Calibration laboratories and is accredited by the Standards Council of Canada. The samples are first analyzed by SRC's ICP-OES multi-element Uranium exploration ICP1 method. The method analyzes for multi-elements including Ag, Mo, Cu, Pb, Zn and a suite of rare earth elements. ICP results U>1000 parts per million (ppm) are analyzed using SRC's ISO/IEC 17025:2005-accredited U3O8 Assay method. Laboratory quality control (QC) includes a repeat analysis on every 20th sample. Repeat samples had good reproducibility. Kivalliq's QC included the insertion of blanks and standards into the sample inventory at the project site prior to shipment in sealed containers. All QC results were within expectations.

Disclosure of a technical nature contained in this release has been reviewed and approved by Kivalliq’s President, Jeff Ward, P.Geo. Mr. Ward is the Qualified Person for the purposes of National Instrument 43-101.

About Kivalliq Energy Corporation

Kivalliq Energy Corporation is a uranium exploration and development company, and the first company in Canada to sign a comprehensive agreement with the Inuit of Nunavut to explore for uranium on Inuit Owned Lands in Nunavut.

With an NI 43-101 compliant Inferred Mineral Resource of 810,000 tonnes grading 0.79% U3O8, totaling 14.15 million lbs U3O8 (17.5 lbs U3O8/tonne) at a 0.2% U3O8 cut-off grade, the Lac Cinquante Deposit is Canada’s highest grade uranium deposit outside of the Athabasca Basin. Kivalliq’s flagship project, the 225,000 acre Angilak Property in Nunavut, hosts the high-grade Lac Cinquante deposit, along with nine additional high priority target areas. Since acquiring the Angilak Property in 2008, the Company has invested approximately $30 million conducting systematic exploration, including ground and airborne geophysics, geological mapping, prospecting and approximately 48,000 meters of RC and diamond drilling.

On behalf of the Board of Directors

“Jim Paterson”

James Paterson, CEO
Kivalliq Energy Corporation

For further information about, Kivalliq Energy Corporation or this news release, please visit our website at www.kivalliqenergy.com  or contact Investor Relations at 1.888.331.2269 toll free, directly at 604.646.4527 or by email at info@kivalliqenergy.com.

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.

Certain disclosures in this release, including management's assessment of plans and projects and intentions with respect to future exploration programs, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Kivalliq'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. Other than as required by applicable securities legislation, Kivalliq 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.

A new CUSIP number of 09626M106 and a new ISIN number of CA09626M1068 have been obtained to distinguish the name change and consolidation.  Following completion of the consolidation, the Company will have approximately 6.63 million Common Shares issued and outstanding.  If, as a result of the consolidation, a shareholder becomes entitled to receive a fractional common share, such fraction will be rounded down to the nearest whole number.

About Indicator Minerals:

Indicator Minerals Inc. is a Canadian exploration company focused on the discovery and development of economic mineral deposits. Founded in 2004, the Company has assembled one of the most qualified technical teams in worldwide exploration.

Indicator Minerals Inc. is a member of the Discovery Group of companies, for more information on the group visit www.discoveryexp.com 

On behalf of the Board
Indicator Minerals Inc.
/s/"Bruce Counts" P. Geoph.
President & CEO

For further information, please contact:

Indicator Minerals Inc.
Bruce Counts, President & CEO
Tel: (604) 331-4605
www.indicatorminerals.com

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.

December 29, 2011 – Edmonton, Alberta – Niblack Mineral Development Inc. (“Niblack” or the “Company”) (TSX Venture Exchange: NIB) is pleased to announce a non-brokered private placement offering (the “Offering”) for gross proceeds of $475,000, comprised of 2,500,000 common shares (the “Common Shares”) of the Company at a price of $0.19 per Common Share, which is scheduled to close on or about December 30, 2011 (the “Closing”).  Niblack retained PI Financial Corp. (the “Agent”) to help affect sales of the Common Shares and the Agent will be paid a commission of 10% of the gross proceeds realized on the Common Shares sold by the Agent.  Closing of the Offering is subject to the receipt of all applicable regulatory approvals, including final approval of the TSX Venture Exchange.  The Common Shares will be subject to a resale restriction for a period of four months plus one day from Closing.

The proceeds of the Offering will be used for general working capital for the Niblack Project in South East Alaska and to close the arrangement involving Heatherdale Resources Ltd. previously announced on October 26, 2011.

THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”) OR ANY STATES SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

About Niblack Mineral Development Inc.

Niblack Mineral Development Inc. (NIB: TSX-V) is an exploration and development company with a number of mineral rich assets in South East Alaska.  The Company’s principal asset is its interest in the advanced stage copper-gold-zinc-silver Niblack Project.  This project is currently in a joint venture operated by Heatherdale Resources Ltd.

For further details, please visit the company website at www.niblack.com or contact investor services at (604) 697-2861.  Niblack Mineral Development Inc. is a member of the Discovery Group of companies.  For more information on the group visit www.discoveryexp.com.

On behalf of the Board of Directors

John Williamson
President & CEO of Niblack

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.

This news release may contain forward - looking information including but not limited to comments regarding the timing and content of upcoming financings.  Forward - looking information includes disclosure regarding possible future events, or conditions or results of operations that is based on assumptions about future economic conditions and courses of action, and therefore, involves inherent risks and uncertainties. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements.  For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES

December 20, 2011, Edmonton, Alberta – North Country Gold Corp. (the “Company”) is pleased to announce that it has closed the bought deal private placement financing previously announced on November 28, 2011.  The transaction was led by Canaccord Genuity Corp. and a syndicate of underwriters including RBC Dominion Securities Inc., PI Financial Corp. and Byron Capital Markets Ltd. (collectively, the “Underwriters”).  The Company sold 3,766,746 common shares (the “Common Shares”) at a price of C$0.75 per Common Share and 10,205,045 common shares issued on a “flow-through” basis pursuant to the Income Tax Act (Canada) (the “Flow-Through Shares”) at a price of C$0.90 per Flow-Through Share for total gross proceeds of C$12,009,600 (the “Offering”). 

The Underwriters received a cash fee on the sale of the securities equal to 6% of the aggregate gross proceeds raised in the Offering, and 838,307 broker warrants (“Broker Warrants”), which represents 6% of the Flow-Through Shares and Common Shares issued pursuant to the Offering.  Each Broker Warrant shall be exercisable for one common share of the Company at a price of C$1.00 at any time up to 24 months after closing.

The Company intends to use the gross proceeds of the Flow-Through Shares issued to incur eligible Canadian Exploration Expense on the Company's properties. These qualifying expenditures will be renounced in favour of subscribers for the 2011 tax year. The net proceeds from the sale of shares will be used for other capital expenditures on the Company's Committee Bay Project located in Nunavut and for general corporate purposes.

This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.  The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements.

About North Country Gold Corp.

North Country Gold Corp. controls one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The gold-rich Committee Bay Greenstone Belt is located 180km northeast of the of Agnico Eagle’s Meadowbank gold mine. The Three Bluffs deposit is geologically comparable, with similar grades, type of mineralization and age as Meadowbank and Meliadine Gold Deposits. The Company holds 100% interest in 530,630 acres along the 300km long belt and has identified 5 distinct mineral development centers, focusing in on the Three Bluffs deposit.  The Company plans to release an updated gold resource in 2012.

North Country Gold Corp. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property.  The program is supervised by Peter Kleespies, M.Sc., P.Geol. who is the Qualified Person as defined by NI 43-101 – Standards of Disclosure for Mineral Projects.  A detailed description of North Country Gold Corp.’s QA/QC program is provided on the Company’s website at www.northcountrygold.com.

On behalf of the Board of Directors

North Country Gold Corp.

(signed)"John Williamson"

For more information on North Country Gold Corp., please visit the Company’s website: www.northcountrygold.com or contact:

Brian Budd
Corporate Secretary and Vice President of Corporate Development
Email: brianb@northcountrygold.com
Tel: 604-697-2861

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.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com

• 6.01% U3O8, 8.2 g/t Ag, 0.22% Cu, 0.14% Mo over 0.3 metres in 11-LC-099
• 2.69% U3O8, 34.8 g/t Ag, 2.04% Cu, 0.27% Mo over 0.6 metres in 11-LC-102
• 1.39% U3O8, 10.8 g/t Ag, 0.03% Cu, 0.18% Mo over 0.9 metres in 11-LC-078
• All 44 holes drilled at Eastern Extension have now been reported
• Eastern Extension results to be incorporated in updated resource estimate for Lac Cinquante; expected Q1, 2012
  (Estimated true widths - see assay results table below)

“Including the Eastern Extension could add considerable value as we move towards revising the resource estimate for Lac Cinquante by the end of Q1, 2012,” stated President Jeff Ward.

Eastern Extension

The discovery of the Eastern Extension was initially made by testing a northwest trending linear VLF EM conductor similar to Lac Cinquante, using six reverse circulation (RC) holes drilled from three set-ups. Two diamond drills were then deployed to delineate the Eastern Extension, with 6,143 metres in 44 holes drilled from 13 set-ups spaced on 50 metre drill sections.

The results reported herein comprise the second set of assay results from 20 core holes drilled at the Eastern Extension. The Eastern Extension has a drilled strike length of 550 metres and starts approximately 400 metres to the east, and along strike, of the Lac Cinquante main zone resource area.

All holes were drilled to the northeast with azimuths bearing 26 degrees, at inclinations between minus 45 and 90 degrees.  37 of 44 holes intersected uranium mineralization between 34 and 257 metres vertical depth. Both RC and diamond drilling have confirmed the continuation of the Lac Cinquante structure eastward with uranium mineralization occurring in a zone dipping roughly 72 degrees to the southwest. All assays from the Eastern Extension have now been released.

Mineralization is very similar to that found at Lac Cinquante, primarily hosted in the same hematite-carbonate-chlorite-graphite altered tuff unit. Uranium is associated with quartz-carbonate veining, breccia and sulphides within the sheared host rock.

For a summary of the 2011 exploration program at Angilak, please see news release from October 18, 2011. To view related cross sections and drill plan maps, please visit http://kivalliqenergy.com/projects/angilak/program_images/    

Eastern Extension Assay Results

Holes 11-LC-0100, 108 and 114 did not intersect mineralization.

*All samples subject to ICP 1 Analysis by SRC in Saskatoon, SK. ICP1 results >1000 ppm U are subject to SRC U3O8 Assay; ICP1 results for Cu, Mo and Ag are reported by SRC in parts per million (ppm).  1 ppm = 1gm/t, 10000 ppm = 1%; Intervals include ICP U analysis in ppm converted to U3O8%.  Conversion to U3O8% = ppm x 0.01179%. Estimate for true width of mineralization is based on the angle of surveyed drill hole and the apparent orientation of the zone at the intercept.

QA/QC

Samples from the 2011 drilling program comprised half split NQ drill core. All samples were analyzed for U3O8 and a multi-element suite by Saskatchewan Research Council (SRC) Geoanalytical Laboratories. The SRC facility operates in accordance with ISO/IEC 17025:2005 (CAN-P-4E), General Requirements for the Competence of Mineral Testing and Calibration laboratories and is accredited by the Standards Council of Canada. The samples are first analyzed by SRC's ICP-OES multi-element Uranium exploration ICP1 method. The method analyzes for multi-elements including Ag, Mo, Cu, Pb, Zn and a suite of rare earth elements. ICP results U>1000 parts per million (ppm) are analyzed using SRC's ISO/IEC 17025:2005-accredited U3O8 Assay method. Laboratory quality control (QC) includes a repeat analysis on every 20th sample. Repeat samples had good reproducibility. Kivalliq's QC included the insertion of blanks and standards into the sample inventory at the project site prior to shipment in sealed containers. All QC results were within expectations.

Disclosure of a technical nature contained in this release has been reviewed and approved by Kivalliq’s President, Jeff Ward, P.Geo. Mr. Ward is the Qualified Person for the purposes of National Instrument 43-101.

About Kivalliq Energy Corporation

Kivalliq Energy Corporation is a uranium exploration and development company, and the first company in Canada to sign a comprehensive agreement with the Inuit of Nunavut to explore for uranium on Inuit Owned Lands in Nunavut.

With an NI 43-101 compliant Inferred Mineral Resource of 810,000 tonnes grading 0.79% U3O8, totalling 14.15 million lbs U3O8 (17.5 lbs U3O8/tonne) at a 0.2% U3O8 cut-off grade, the Lac Cinquante Deposit is Canada’s highest grade uranium deposit outside of the Athabasca Basin. Kivalliq’s flagship project, the 225,000 acre Angilak Property in Nunavut, hosts the high-grade Lac Cinquante deposit, along with nine additional high priority target areas. Since acquiring the Angilak Property in 2008, the Company has invested approximately $30 million conducting systematic exploration, including ground and airborne geophysics, geological mapping, prospecting and approximately 48,000 metres of RC and diamond drilling.

On behalf of the Board of Directors

“Jim Paterson”

James Paterson, CEO
Kivalliq Energy Corporation

For further information about, Kivalliq Energy Corporation or this news release, please visit our website at www.kivalliqenergy.com  or contact Investor Relations at 1.888.331.2269 toll free, directly at 604.646.4527 or by email at info@kivalliqenergy.com.

Kivalliq Energy Corporation is a member of the Discovery Group of companies, for more information on the group visit www.discoveryexp.com.

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.

Certain disclosures in this release, including management's assessment of plans and projects and intentions with respect to future exploration programs, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Kivalliq'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. Other than as required by applicable securities legislation, Kivalliq 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.

The board of directors of Niblack (the “Niblack Board”) has determined that the Arrangement is in the best interests of Niblack and is fair to the Securityholders and recommends the Securityholders vote FOR the Arrangement.  The determination of the Niblack Board is based on various factors described more fully in the Information Circular.

To be effective, the Arrangement must be approved by special resolutions passed by at least two‐thirds of the votes cast by holders of each of (i) the outstanding Niblack Shares, (ii) the outstanding Niblack Options and (iii) the outstanding Niblack Warrants present in person or represented by proxy at the Meeting.  Each holder of Niblack Shares on the record date of December 5, 2011 (the “Record Date”) is entitled to one vote for each Niblack Share held.  Each holder of Niblack Options on the Record Date is entitled to one vote for each Niblack Share issuable upon exercise of such holder’s Niblack Options.  Each holder of Niblack Warrants on the Record Date is entitled to one vote for each Niblack Share issuable upon exercise of such holder’s Niblack Warrants.  The directors and officers of Niblack have entered into lock‐up agreements with Heatherdale, whereby they have agreed to vote their Niblack Shares and any Niblack Options and Niblack Warrants held by them in favour of the Arrangement.  The Arrangement is subject to final approval by the Court of Queen’s Bench of Alberta and is subject to the satisfaction of certain other conditions.

In summary, Securityholders should pay particular attention to the following important dates:

January 9, 2012⁽¹⁾ – Last day to deposit proxies.
January 11, 2012⁽¹⁾ – Special meeting of Securityholders.
January 13, 2012⁽²⁾ – Effective time of the Arrangement.

Notes:
⁽¹⁾ 1:00 p.m. Edmonton time
⁽²⁾ 1:00 p.m. Edmonton time

All of the documents in the mail out may also be viewed on SEDAR and on the Niblack Mineral Development Inc. website at www.niblack.com.

About Niblack Mineral Development Inc.

Niblack Mineral Development Inc. (NIB: TSX-V) is an exploration and development company with a number of mineral rich assets in South East Alaska.  The Company’s principal asset is its interest in the advanced stage copper-gold-zinc-silver Niblack Project.  This project is currently in a joint venture operated by Heatherdale Resources Ltd.

For further details, please visit the company website at www.niblack.com or contact investor services at (604) 697-2861.  Niblack Mineral Development Inc. is a member of the Discovery Group of companies.  For more information on the group visit www.discoveryexp.com.

On behalf of the Board of Directors

John Williamson
President & CEO of Niblack

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.

This news release may contain forward - looking information including but not limited to comments regarding the timing and content of upcoming transactions.  Forward - looking information includes disclosure regarding possible future events, or conditions or results of operations that is based on assumptions about future economic conditions and courses of action, and therefore, involves inherent risks and uncertainties. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements.  For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

• 2.02% U3O8, 19.7 g/t Ag, 1.42% Cu, over 0.8 meters in 11-LC-109
• 1.21% U3O8, 190.4 g/t Ag, 0.87% Cu, over 0.8 metres in 11-LC-120
• 0.98% U3O8, 14.3 g/t Ag, 0.29% Cu, over 1.1 meters in 11-LC-115
• 0.83% U3O8, 37.3 g/t Ag, 0.44% Cu, over 1.5 meters in 11-LC-119
• Western Extension zone strike length is 550 metres
• All assays now reported from drill holes at Western Extension
  (Estimated true widths - see assay results table below)

“The high grade values from these intervals, including the deepest intersected on the property to date, clearly demonstrate the growth potential at depth,” stated President Jeff Ward, P.Geo. “The assays will be incorporated into future resource estimates.”

Western Extension

This third, and final, set of results is comprised of 7 core holes drilled at the Western Extension. The Western Extension has a drilled strike length of 550 metres and starts 450 metres to the west, and along strike, of the Lac Cinquante main zone resource area.

9,468 metres in 54 diamond drill holes tested a northwest trending VLF EM conductor which exhibited a response similar to that of the Lac Cinquante deposit. Drilling from 17 set-ups spaced on 50 metre drill sections intersected radioactive intervals down to depths of 250 metres vertically. Two additional set-ups, spaced 100 metres apart, targeted below the original fences and intersected mineralization down to 327 metres. Final assays from these two drill hole set-ups are disclosed in this news release.

Mineralization is similar to that found at Lac Cinquante, but is structurally hosted in altered basalt rather than a tuffaceous unit.  Radioactive intervals are associated with sheared, chlorite-carbonate altered basalt with minor brecciation and sulphides. Hematized quartz-carbonate veining is common in this zone.

All core holes were drilled to the northeast with azimuths bearing 26 degrees, at inclinations between minus 45 and 90 degrees. 43 of 54 holes drilled at the Western Extension have now intersected uranium mineralization between 30 and 327 metres vertical depth, in a zone dipping roughly 65 degrees to the southwest. Kivalliq has now fully disclosed assays from all diamond drill holes at the Western Extension.

For a summary of the 2011 exploration program at Angilak, please see the news release from October 18, 2011. To view related cross sections and drill plan maps, please visit http://kivalliqenergy.com/projects/angilak/program_images/

Western Extension Assay Results

*All samples subject to ICP 1 Analysis by SRC in Saskatoon, SK. ICP1 results >1000 ppm U are subject to SRC U3O8 Assay; ICP1 results for Cu, Mo and Ag are reported by SRC in parts per million (ppm).  1 ppm = 1gm/t, 10000 ppm = 1%; Intervals include ICP U analysis in ppm converted to U3O8%.  Conversion to U3O8% = ppm x 0.01179%. Estimate for true width of mineralization is based on the angle of surveyed drill hole and the apparent orientation of the zone at the intercept.

QA/QC 

Samples from the 2011 drilling program comprised half split NQ drill core. All samples were analyzed for U3O8 and a multi-element suite by Saskatchewan Research Council (SRC) Geoanalytical Laboratories. The SRC facility operates in accordance with ISO/IEC 17025:2005 (CAN-P-4E), General Requirements for the Competence of Mineral Testing and Calibration laboratories and is accredited by the Standards Council of Canada. The samples are first analyzed by SRC's ICP-OES multi-element Uranium exploration ICP1 method. The method analyzes for multi-elements including Ag, Mo, Cu, Pb, Zn and a suite of rare earth elements. ICP results U>1000 parts per million (ppm) are analyzed using SRC's ISO/IEC 17025:2005-accredited U3O8 Assay method. Laboratory quality control (QC) includes a repeat analysis on every 20th sample. Repeat samples had good reproducibility. Kivalliq's QC included the insertion of blanks and standards into the sample inventory at the project site prior to shipment in sealed containers. All QC results were within expectations.

Disclosure of a technical nature contained in this release has been reviewed and approved by Kivalliq’s President, Jeff Ward, P.Geo. Mr. Ward is the Qualified Person for the purposes of National Instrument 43-101.

About Kivalliq Energy Corporation

Kivalliq Energy Corporation is a uranium exploration and development company, and the first company in Canada to sign a comprehensive agreement with the Inuit of Nunavut to explore for uranium on Inuit Owned Lands in Nunavut.

With an NI 43-101 compliant Inferred Mineral Resource of 810,000 tonnes grading 0.79% U3O8, totaling 14.15 million lbs U3O8 (17.5 lbs U3O8/tonne) at a 0.2% U3O8 cut-off grade, the Lac Cinquante Deposit is Canada’s highest grade uranium deposit outside of the Athabasca Basin. Kivalliq’s flagship project, the 225,000 acre Angilak Property in Nunavut, hosts the high-grade Lac Cinquante deposit, along with nine additional high priority target areas. Since acquiring the Angilak Property in 2008, the Company has invested approximately $30 million conducting systematic exploration, including ground and airborne geophysics, geological mapping, prospecting and approximately 48,000 meters of RC and diamond drilling.

On behalf of the Board of Directors

“Jim Paterson”

James Paterson, CEO
Kivalliq Energy Corporation

For further information about, Kivalliq Energy Corporation or this news release, please visit our website at www.kivalliqenergy.com  or contact Investor Relations at 1.888.331.2269 toll free, directly at 604.646.4527 or by email at info@kivalliqenergy.com.

Kivalliq Energy Corporation is a member of the Discovery Group of companies, for more information on the group visit www.discoveryexp.com.

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.

Certain disclosures in this release, including management's assessment of plans and projects and intentions with respect to future exploration programs, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Kivalliq'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. Other than as required by applicable securities legislation, Kivalliq 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.

Kaminak's potash assets include subsurface mineral rights and surface rights to public and private potash leases within the Michigan Basin and a proprietary, regional potash database.  Kaminak's technical team generated these solution-mine potash targets in-house and represent a world-class opportunity to explore for potash in the underexplored Michigan Basin, host to the producing Hersey Mine owned by The Mosaic Company (MOS: NYSE) ("Mosaic"). 

MPI is a private company intending to go public within 2012 and was specifically formed to explore and advance Kaminak's potash assets.  Details about the exploration potential for potash in the Michigan Basin, MPI and the option agreement are outlined below.

Potash Potential in the Michigan Basin

Since 2008, Kaminak has been building a comprehensive, regional, potash database on the solution mining potential of the Michigan Basin, and as a result, prospective high-grade targets with the potential to host potash deposits were identified, and land totaling over 31,360 acres was acquired via state lease nomination and approximately 200 acres was acquired by private mineral leases.

The unexplored potential of the Michigan basin is reinforced by the fact that only two companies, Kaminak and The Mosaic Company, hold potash leases in the State of Michigan.  Mosaic is the owner of the producing Hersey Mine, which is a solution mine, located approximately 14km south of Kaminak's potash lease boundary.  The Hersey Mine began operation in 1989 and produced approximately 100,000 tonnes of MOP (muriate of potash) and more than 200,000 tonnes of salt between 1999 and 2002 (Mosaic 2005).  The lands controlled by Mosaic contain an estimated 40 million tonnes of potash mineralization grading 26.7% K2O contained in two beds ranging in thickness from 4.3 to 9.1m (Mosaic 2005).

In 2010, Agapito Associates, Inc., an independent third-party geological consulting and mine engineering firm, visited the leases, reviewed and audited the exploration potential undertaken by Kaminak, and prepared an independent technical report.  The internal Technical Report concluded that the grade thickness and distribution of the potash mineralization in the Michigan Basin is sufficient to justify the expenditure of funds to undertake further work designed to assess the quality, quantity and extent of the potash mineral resource within the lease areas. 

The Michigan Potash Inc. Team

Michigan Potash Inc. (MPI) is a private junior exploration and development company specifically formed to explore and advance Kaminak's potash assets. MPI is focused on the exploration of high-grade potash deposits and to develop a potash resource within the State of Michigan.  Brief bios of the MPI team are outlined below and further information about MPI is available on the company's website, www.michiganpotash.com.  

• Ian Colquhoun, Ph.D., P.Geo., President, CEO & Director, is a practicing professional geologist with over 20 years of experience working for private and publically traded companies including Dundee Energy LP and Kaminak Gold Corporation.  Ian is an expert in the Trenton-Black River Hydrothermal Dolomite Oil and Gas Play located in Michigan and Appalachian Basins and has presented several core workshops at AAPG-ESM, OPI and PTTC regional conferences.  Ian is currently President of the Ontario Petroleum Institute Board of Directors and a member in good standing with AAPG since 1991, OPI since 2000, and a registered Professional Geologist (APGO #1032) since 2003.
   
• Mr. Tom Godbold, Director, obtained a Bachelor's of Science degree in Geology from the Michigan State University in 1972. He retired in 2010 from the State of Michigan, Office of Geological survey after 35 years of service. He has been directly involved with regulation of the mineral wells industry, including solution mining, since 1981, and supervision of up to 60 professional staff.  In addition, he currently serves as Business Manager (and a past president) of the Michigan Basin Geological Society.
   
• Mr. Glen Dawson, Director, has built up and sold four oil and gas companies during his career. His most recent transaction included Nuloch Resources, a Canadian public oil and natural gas producer.  Glenn is well known on Bay Street, his last raise was over $40 million for Nuloch in 2010. He is an expert with both horizontal and vertical drilling.
   
• David Terry, Director, Ph.D., P.Geo., has over 20 years of experience in the resource sector and has held numerous senior positions with both major and junior mining companies, including Boliden Limited, Westmin Resources Limited, Hemlo Gold Mines Inc., Cominco Limited and Gold Fields Mining Corporation.
   
• John Moses, Director, brings over 30 years of experience in exploration and development in the mineral and power generation sectors.  John sits on the Board of Sherritt International Corp. (TSX: S).
   
• Dennis Sullivan, Director, is a registered Professional Engineer and a Michigan resident with 30 years of experience at the Morton Salt Company, a sodium chloride solution-mining/evaporative crystallization production facility in Michigan. Dennis was involved in the planning and oversight of drilling and completion of sodium chloride solution-mining wells and ensured that all well operations met both EPA and Michigan environmental integrity requirements. 
   
• Mr. Dan Weir, Director, currently works at Pope & Company Limited, a 50 year old brokerage firm in Toronto. Dan has spent the last 15 years working at some of the top financial firms in Canada and brings years of capital markets experience to the board.

Terms of the Option Agreement

Subject to TSX-V and regulatory approvals, MPI has the right to earn a 100% interest in Kaminak's potash leases by issuing Kaminak an aggregate of 6,000,000 common shares in MPI and granting Kaminak a Michigan state-wide 1% gross overriding royalty with respect to all mined products sold from any MPI property.  After the exercise of the Option, MPI and Kaminak shall enter into a royalty agreement whereby MPI will pay to Kaminak an advanced annual royalty payment in the amount of US$100,000 payable in cash or in common shares of MPI, commencing on January 1st following the fourth anniversary of MPI's Listing Date. In addition, the following obligations must be met by MPI:

• On or before October 5, 2012, the common shares of MPI shall have become listed for trading on the Toronto Stock Exchange or the TSX Venture Exchange; and
   
• On or before the third anniversary of the Listing Date, MPI must complete a NI 43-101 compliant technical report which establishes an Inferred Resource (as defined under NI 43-101) on one of its properties

Should MPI undertake an equity financing or financings, Kaminak has the right to purchase up to an aggregate of 9.9% of the equity issued by MPI in such financing, until the earlier of (i) the exercise of the Option, or, (ii) the termination of the option agreement.   To date, Kaminak has spent approximately $325,000 on Michigan potash exploration.

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. Kaminak's potash leases represent early-stage exploration properties and do not contain any mineral resources as defined by National Instrument 43-101.

On behalf of the Board of Directors of Kaminak

"Rob Carpenter"

Rob Carpenter, Ph.D., P.Geo.
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. Kaminak is a member of the Discovery Group of companies. For more information on the group please visit www.discoveryexp.com.

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.

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.

“Our efforts to expand known deposits of high-grade VMS mineralization at Niblack and prepare the project for development and permitting continue to receive widespread support and encouragement from the people, communities and institutions of southeast Alaska,” confirmed Heatherdale President & CEO Pat Smith. “Southeast Alaskans want and encourage responsible development of their mineral resources, and are willing to work cooperatively with progressive companies that invest in programs that generate benefits for local communities while ensuring protection of valued natural resources. It is a very encouraging and supportive environment for Heatherdale and the Niblack Project.”

Smith noted that Heatherdale has received vocal and bi-partisan support from some of Alaska’s leading political figures. The vast majority of southeast Alaska legislators from both sides of the aisle have visited the Niblack property in 2011. Both Alaska Governor Sean Parnell (R) and US Senator Mark Begich (D) have had occasion to speak out in support of Heatherdale and the Niblack Project this year.

Sen. Begich wrote a letter in July 2011 supporting the responsible development of the Niblack Project and urging the US Forest Service to make all reasonable efforts to ensure timely permitting of Heatherdale’s proposed surface exploration drilling program. Meanwhile, at an October 2011 minerals conference in Fairbanks, Gov. Parnell spoke expansively about Heatherdale and Niblack: “Heatherdale is spending $1.2 million in the economy every month, for groceries, fuel, and training. Thirty-five people are working….Now it may seem small in scale, but there’s a tremendous sense of optimism both in the miners and the management team. Niblack…illustrates an important point: in southeast Alaska, where the federal government has decimated timber jobs, the private sector is establishing a beachhead of opportunity for new jobs.”

Heatherdale is pursuing partnership opportunities with a range of southeast Alaska institutions, corporate entities and Native organizations related to the provision of power to the future Niblack mine. As a member of the Southeast Conference, the Company has worked with a range of local government and private entities to ensure that its future energy requirements are reflected in the Southeast Integrated Resource Plan. Heatherdale has also engaged with the Alaska Energy Authority (AEA) and the Alaska Industrial Development and Export Authority (AIDEA), which regularly provides financing to public-private partnerships to facilitate infrastructure development and economic growth in the state.

In addition to power alternatives, Heatherdale is also investigating options for siting ore processing facilities, including the option of barging ore from Niblack to a suitable offsite location. Several regional institutions and public entities in southeast Alaska are actively working with Heatherdale as it seeks to identify candidate sites with suitable topography, and access to hydroelectric power, tidewater, and a commuter workforce.

“While it’s early days, we believe Niblack will require the provision of some 3.5 megawatts of power to operate a 1,500 to 2,000 ton-per-day underground mine, and another 8 megawatts to operate a mill and processing plant,” Smith said. “The final identification, permitting, development and realization of these facilities and services will take a number of years to accomplish, but we already have an impressive suite of local entities and institutions who are working collaboratively with us to identify the optimum solutions.”

Smith said Heatherdale’s efforts to identify sites that meet specific criteria for development of a processing plant and tailings storage facility for the Niblack Project have been met with positive encouragement from a broad range of local entities. He expressed confidence that offsite milling is a viable option for Niblack, particularly given the proactive assistance being provided by state and regional institutions.

“To the greatest degree possible, we want the Niblack Project to benefit the people and communities of Southeast Alaska,” Smith said. “Since day one, the priority at Niblack has been to employ local people, contract local companies and pursue local partnerships. We have every expectation that the attention we’ve paid to being a good neighbor now will be acknowledged in the future as the Niblack Project proceeds through permitting and into construction and operations.”

Heatherdale has made a strong effort in 2011 to meet with and provide status reports to community, tribal and Alaska Native corporation leaders from all of the island’s main communities – including Craig, Klawock, Kasaan and Hydaburg. Since the outset of its involvement with Niblack in 2009, the Company has maintained a significant commercial partnership with the Prince of Wales Tribal Enterprise Consortium (POWTEC LLC) – an on-island limited liability company owned by the Craig Tribal Association and the Organized Village of Kasaan – for the provision of Human Resources recruitment and administrative services. Through POWTEC, Heatherdale has trained and employed some 36 local people over the past three years.

“From the outset, Heatherdale has made it clear that it wants its mineral development activities on Prince of Wales Island to benefit local people and communities through local hire and contracting,” said POWTEC CEO Bill Cole. “We’ve been pleased to be a significant partner with them in achieving that goal during the project development phase, and we look forward to the day when Niblack advances to construction and operations. The economic development and partnership opportunities that this project represents for our company, our employees and shareholders, and all of southeast Alaska, are really tremendous.”

Niblack’s location at tidewater on Prince of Wales Island in southeast Alaska presents a number of project benefits, including year-round marine access, a well-trained labor force, a mature supply and service sector, proximity to Asian markets, and the support of community and Alaska Native corporation partners. The project is located 27 miles (44 kilometres) from Ketchikan, a community of 8,000 people with important services to support project development, including a deep-water port and international airport. The State’s burgeoning minerals industry also enjoys a competitive tax regime and stable, predictable permitting and regulatory oversight coordinated by the Alaska Department of Natural Resources’ ‘Large Mine Permitting Team.’ For reference, Hecla’s Greens Creek mine, a 2,100 ton-per-day underground operation, operates 225 miles (370 kilometres) to the northwest of Niblack on Admiralty Island.

About Niblack Mineral Development Inc.

Niblack Mineral Development Inc. (TSX-V: NIB) is an exploration and development company with a number of mineral rich assets in South East Alaska.  The Company’s principal asset is its interest in the advanced stage copper-gold-zinc-silver Niblack Project.  This project is currently in a joint venture operated by Heatherdale. On October 25, 2011, Niblack and Heatherdale entered into a definitive arrangement agreement (the "Arrangement Agreement"), which provides that Heatherdale will acquire all of the common shares of Niblack in exchange for Heatherdale shares, on the basis of 0.50 Heatherdale share per Niblack common share.

Niblack Mineral Development Inc. is a member of the Discovery Group of companies, for more information on the group visit www.discoveryexp.com.

On behalf of the Board
Niblack Mineral Development Inc.
/s/"John Williamson"
President, CEO & Director

For further information about Niblack Mineral Development Inc. or this news release, please contact:

Brian Budd
Director of Corp. Development
Email: brianb@niblack.com
Tel. 604-697-2861
Website: www.niblack.com Mobile URL: m.niblack.com

"Neither 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."

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

Kona Drill Results

Summary

• Kona drilling defines near-surface gold mineralization over 400m strike, co-incident with an extensive gold-in-soil anomaly. The mineralized zone remains open in all directions. Results include 5.2 grams per tonne gold (g/t Au) over 11m (from 66m) and 2.5 g/t Au over 17m (from 140m).
   
• Reconnaissance drilling identifies new bedrock gold zone at Kona North, including 2.0 g/t Au over 14m (from 51m) and 1.0 g/t over 26m (from 53m).  A significant portion of the extensive gold-in-soil anomaly remains untested.
   
• Mineralized zones occur as plunging high-grade lodes hosted within steeply-dipping fault zones. Mineralogy and geochemistry suggest a link with the Latte-Supremo gold zones located >5km to the east.
   
• Granite-hosted gold targets such as Kona, Espresso and Americano remain largely untested despite extensive gold-in-soil trends.  Width and grade of near-surface Kona gold zones is consistent with Coffee-style mineralized trends discovered elsewhere on the property.

Drill Results

The principal objective of the 2011 Kona drilling program was to follow-up on the initial drill discovery made in 2010 comprising intercepts of 2.2g/t Au over 57m and 1.9 g/t Au over 23m in diamond core hole CFD-53 (see news release October 12, 2010).  Prior to commencement of drilling in 2011, a horizontal loop EM survey was undertaken over the main Kona gold-in-soil anomaly with results indicating an east-northeast trending bedrock structure coincident with the gold-in-soil trend.  Subsequently, the 2011 drill program was designed to step-out along strike to the east and west of the initial 2010 drill discovery on north-south oriented traverses.  Drilling successfully intersected steeply dipping east-northeast striking fracture/shear zones, which are co-incident with overlying gold-in-soil anomalies.  Gold mineralization was intersected on every drill section over a 400m strike length and to >200m below surface.  Multiple close-spaced parallel mineralized structures are present over the majority of the Kona zone tested to date.  High-grade gold mineralization is interpreted as forming a near-surface high-grade plunging lode, which includes intercepts of up to 4.51g/t over 20m (CFD-53) and 5.16 g/t Au over 10.67m (CFR-56).

In addition, a previously un-drilled section of the Kona North zone consisting of a +100ppb Au north-south trending gold-in-soil zone over a total length of >500m was tested by reconnaissance RC drilling resulting in the discovery of a new zone of bedrock gold mineralization.  Three east-west oriented sections were drilled over the southern portion of the gold-in-soil trend.  Two gold mineralized structures were intersected on section 3400N interpreted as steeply-west dipping zones.  Drill intercepts include 1.03g/t over 25.91m (CFR-95) and 2.03g/t over 13.71m (CFR-94).  Additional drilling is required along strike to north and south to confirm strike orientation. 

The host rock at Kona and Kona North comprises granite, which is strongly sericite and clay-altered adjacent to mineralized structures.  Gold mineralization is associated with disseminated pyrite and pyrite veinlets in fracture/shear zones.  High gold grades correspond with sulfide-matrix fault breccias.  Shear zones are oxidized near surface containing abundant limonite after sulfide with oxidation locally persisting up to 100 meters depth.  Geological and geochemical similarities between Kona and the Latte-Supremo-Double Double zones >5km to the east suggest all zones are related to the same mineralizing event and, as a result, are potentially connected along trend.  The Latte Structure is interpreted to intersect the northern section of the Kona North zone. 

Gold mineralization at Kona and Kona North commences at surface and remains open in all directions.  Additional follow-up drilling is planned to be undertaken in 2012.  Also, extensive gold-in-soil trends remain to be systematically tested at Kona and at the adjacent Espresso and Americano zones.

Assay Table

Drill holes CFR-58, 80-82, 85-88, 90-92 and 97 returned no significant values.
Drillholes prefixed CFD: diamond core holes.  Drillholes prefixed CFR:  reverse circulation holes.
* True width estimated at approximately 2/3 down-hole length.  
** RC holes 'twin' 2010 diamond core holes. 

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 by charter plane or barge to the ALS CHEMEX 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"

Rob Carpenter, Ph.D., P.Geo.
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. Kaminak is a member of the Discovery Group of companies. For more information on the group please visit www.discoveryexp.com.

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.

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.

November  29, 2011, Vancouver, BC – Niblack Mineral Development Inc. (TSX-V: NIB) or “the Company”  and joint venture partner, Heatherdale Resources Ltd. (TSX-V: HTR) announce a new mineral resource estimate for the Lookout and adjacent Trio deposits at the Niblack copper-gold-zinc-silver project in southeast Alaska, increasing total resource tonnes estimated at previous February 2011 metal prices in all categories by 31%.

Lookout and Trio are two of six known polymetallic volcanogenic massive sulphide (VMS) deposits within the 10 square-mile Niblack property, all of which remain open, and are candidates for future resource expansion. Based on underground delineation drilling completed during 2011, the new resource model outlines a 33% increase in the Indicated Resource tonnes for the Lookout Deposit, while Inferred Resources at the Trio Deposit have increased by 29%.

The updated mineral resource represents a significant milestone for the joint venture and the Niblack Project and has resulted in a more refined understanding of the geometry and grade of the deposits. The new resource model is expected to significantly enhance the accuracy and longevity of the mine model currently being developed within the Niblack Project Preliminary Economic Assessment (PEA) study.

The sizable increase in the volume of defined resources will provide the impetus for completion of a technically and financially robust PEA for the Niblack Project, which is expected to be completed early in 2012.

The new mineral resource estimate for the Lookout and Trio deposits is based on drilling completed to November 4, 2011, and includes a database of 373 drill holes. Mineralization has been modeled as sub-seafloor replacement and accumulation-style VMS deposits. The new estimate utilizes three-dimensional geostatistical modeling techniques and estimation parameters based on careful study of the geologic setting at Niblack.

Mineral resources at a US$50 NSR cutoff and updated long-term metal prices are tabulated below.

Notes: US$50 Net Smelter Return (NSR) cutoff uses long-term metal forecasts: gold US$1150/oz, silver US$20.00/oz, copper US$2.50/lb, and zinc US$1.00/lb; Recoveries (used for all NSR calculations) to Cu concentrate of 95% Cu, 56% Au and 53% Ag with payable metal factors of 96.5% for Cu, 90.7% for Au, and 89.5% for Ag; to Zn concentrate of 93% Zn, 16% Au, and 24% Ag with payable metal factors of 85% for Zn, 80% for Au and 20% for Ag.  Detailed engineering studies will determine the best cutoff.

The expansion of Indicated Resources within the Lookout Deposit occurred along the eastern down-dip extension. The high-grade area in the central portion of the Lookout Deposit, considered to be ideal as a starter zone for successful underground mine development, was confirmed by delineation drilling. Current outlined dimensions of the Lookout Deposit are approximately 2,200 feet by 1,700 feet, with an average thickness of 70 feet.

The 29% expansion of Inferred Resource tonnage at the Trio Deposit further demonstrates the excellent potential for resource expansion at Niblack. Current outlined dimensions of the Trio Deposit are approximately 1,100 feet by 350 feet, with an average thickness of 220 feet.

In addition to defined tonnes and grade, the geometry and continuity of the Lookout and Trio deposits – in particular their thicknesses – make them attractive candidates for low-cost underground mining.

To date, 43-101 compliant mineral resource estimates have been prepared for the Lookout and Trio deposits, although there are four other known VMS deposits at Niblack – including Mammoth, Dama, Lindsy and the historic Niblack mine. All deposits, including Lookout and Trio, remain open and are candidates for future resource expansion.

A graphic representation of the Lookout and Trio deposits is available at:http://niblack.com/project_areas/united_states/niblack/

A technical report documenting the results of the new mineral resource estimate will be filed at www.sedar.com.

Resource estimates were completed by Deon Van Der Heever, Pr. Sci. Nat., Senior Manager Mineral Resources for Hunter Dickinson Inc. (HDI), a Qualified Person who is not independent of the Company. The 2011 mineral resource estimates were reviewed and verified by SRK Consulting (SRK).  SRK will follow up with the updated NI-43-101 technical report.  

About Niblack Mineral Development Inc.
Niblack Mineral Development Inc. (TSX-V: NIB) is an exploration and development company with a number of mineral rich assets in South East Alaska.  The Company’s principal asset is its interest in the advanced stage copper-gold-zinc-silver Niblack Project.  This project is currently in a joint venture operated by Heatherdale. On October 25, 2011, Niblack and Heatherdale entered into a definitive arrangement agreement (the "Arrangement Agreement"), which provides that Heatherdale will acquire all of the common shares of Niblack in exchange for Heatherdale shares, on the basis of 0.50 Heatherdale share per Niblack common share.

Peter Kleespies, P.Geol., a Qualified Person as defined under National Instrument 43-101, is supervising the exploration and quality assurance and quality control programs on behalf of Niblack and has reviewed and approved the content of this release.

Niblack Mineral Development Inc. is a member of the Discovery Group of companies, for more information on the group visit www.discoveryexp.com.

On behalf of the Board
Niblack Mineral Development Inc. 
/s/"John Williamson"
President, CEO & Director

For further information about Niblack Mineral Development Inc. or this news release, please contact:

Brian Budd
Director of Corp. Development
Email: brianb@niblack.com
Tel. 604-697-2861
Website: www.niblack.com Mobile URL: m.niblack.com

Sample preparation and analysis for the Niblack project is done at ISO 9001 accredited ALS Chemex laboratories in Vancouver, BC. All samples are assayed for gold by 30 g fire assay fusion with Atomic Absorption Spectroscopy (AAS) finish. Copper, silver, zinc, lead and 29 additional elements are determined for all samples by four acid digestion, followed by ICP-AES finish. All over-limit copper, zinc or lead results (greater than 10%) and all over-limit silver results (greater than 200 grams per tonne) are re-assayed by high grade single element four acid digestion ICP-AES or AAS analysis. As part of a comprehensive QA/QC program, one standard is inserted into the sample stream in each group of 20 samples, as well as one or more field blanks in each analytical batch. One sample in each group of 20 is a duplicate, which is analyzed by Acme Analytical Laboratories in Vancouver.

"Neither 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."

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

Niblack Project Additional Resources (PDF)

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES

November 28, 2011, Edmonton, Alberta – North Country Gold Corp. (the “Company”) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. as lead underwriter on behalf of a syndicate of underwriters (collectively, the “Underwriters”), to purchase a maximum of 6,670,800 common shares (the “Shares”) at a price of C$0.75 per Share to raise up to C$5,003,100 and a minimum of 5,561,000 and a maximum of 11,120,000 common shares of the Company issuable on a “flow-through” basis pursuant to the Income Tax Act (Canada) (the “Flow-Through Shares”) at a price of C$0.90 per Flow-Through Share to raise a minimum of C$5,004,900 and a maximum of C$10,008,000, for total aggregate gross proceeds of C$10,008,000 (the “Underwritten Offering”).

In addition, the Company has also granted the Underwriters an option, exercisable at any time up to 48 hours prior to the closing of the Underwritten Offering, to purchase from the Company securities, in any combination of Shares and Flow-Through Shares, to raise additional proceeds of up to 20% of the Underwritten Offering (the “Underwriters’ Option”, and together with the Underwritten Offering, the “Offering”).

The Underwriters will receive a cash fee on the sale of the securities equal to 6% of the aggregate gross proceeds raised in the Offering, and broker warrants (“Broker Warrants”) equal to 6% of the Offering. Each Broker Warrant shall be exercisable for one common share of the Company at a price of C$1.00 at any time up to 24 months after closing.

The Company intends to use the gross proceeds of the Flow-Through Share issue to incur eligible Canadian Exploration Expense on the Company's properties. These qualifying expenditures will be renounced in favour of subscribers for the 2011 tax year. The net proceeds from the sale of Shares will be used for other capital expenditures on the Company's Committee Bay Project located in Nunavut and for general corporate purposes.

Closing of the Offering is anticipated to occur on or before December 20, 2011 and is subject to receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange. The Common Shares and the Flow-Through Common Shares will be subject to a statutory hold or restricted period of four months following the closing date.

This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements.

About North Country Gold Corp.

North Country Gold Corp. controls one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The gold-rich Committee Bay Greenstone Belt is located 180km northeast of the of Agnico Eagle’s Meadowbank gold mine. The Three Bluffs deposit is geologically comparable, with similar grades, type of mineralization and age as Meadowbank and Meliadine Gold Deposits. The Company holds 100% interest in 530,630 acres along the 300km long belt and has identified 5 distinct mineral development centers, focusing in on the Three Bluffs deposit. The Company plans to release an updated gold resource in 2012.

North Country Gold Corp. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property.  The program is supervised by Peter Kleespies, M.Sc., P.Geol. who is the Qualified Person as defined by NI 43-101 – Standards of Disclosure for Mineral Projects.  A detailed description of North Country Gold Corp.’s QA/QC program is provided on the Company’s website at www.northcountrygold.com.

On behalf of the Board of Directors

North Country Gold Corp.

(signed)"John Williamson"

For more information on North Country Gold Corp., please visit the Company’s website: www.northcountrygold.com or contact:

Brian Budd
Corporate Secretary and Vice President of Corporate Development
Email: brianb@northcountrygold.com
Tel: 604-697-2861

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.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com

November 23, 2011

Edmonton, Alberta – Brilliant Mining Corp. (BLT: TSX-V) (the “Company” or “Brilliant”) is pleased to announce that it has received TSX Venture Exchange (the “TSX-V”) acceptance and has officially changed its name to Brilliant Resources Inc.  Shareholders approved a special resolution to effect the name change of the Company to “Brilliant Resources Inc.” at the Company’s Annual General and Special Meeting held on June 22, 2011.  Since the Company’s acquisition of Ivory Resources Inc. on May 11, 2011, the Company’s business and focus has changed to include exploration and potential development of hydrocarbon resources in addition to base and precious metal resources.

Trading under the new name “Brilliant Resources Inc.” will commence on the TSX-V at the opening of trading on November 24, 2011 under TSX-V symbol “BLT” (CUSIP 109541102; ISIN CA 1095411023). 

About Brilliant Resources Inc.

BRILLIANT RESOURCES INC. (BLT: TSX-V) is a well-funded exploration company in search of resource opportunities worldwide.  Leadership, collaboration and mutual benefit are our guiding principles.  Brilliant is currently pursuing an innovative growth strategy in West and Central Africa, whereby it recently acquired exclusive preferential rights to explore for resources in Equatorial Guinea in exchange for the delivery of a national airborne geophysical survey. Driven by an internationally experienced technical and management team, along with a newly - financed treasury, Brilliant is well-positioned for the discovery and development of high quality mineral and hydrocarbon prospects.

On behalf of the Board of Directors

“John Williamson”

John Williamson, P. Geol.

CEO, President & Director
Brilliant Resources Inc.

For further information about Brilliant Resources Inc. or this news release, please visit our website www.brilliantresources.com or contact:

Brian Budd
Director of Corporate Development
Toll Free: 1-888-331-2269
Tel: 604-697-2861
Email: info@brilliantresources.com

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.

Caution concerning forward-looking information

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Brilliant in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Brilliant's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Brilliant disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.

November 22, 2011, Edmonton, Alberta – North Country Gold Corp. (NCG: TSX-V) (“North Country” or the “Company”) is pleased to announce, that it has appointed Kerry M. Curtis as an independent director of North Country Gold Corp., subject to regulatory approval.

"On behalf of my fellow directors, I would like to welcome Mr. Curtis to the North Country board of directors. This appointment comes at an exciting time as we advance the Three Bluffs high-grade gold deposit located in Nunavut, Canada" states John Williamson, President and Chief Executive Officer of North Country. “Mr. Curtis brings a wealth of knowledge and experience in transitioning the Meadowbank gold project from exploration through to development and acquisition by Agnico-Eagle Mines”, added Mr. Williamson.

Mr. Curtis is an experienced executive in the Canadian mining sector. From 1995 to 2007, he held various Senior Executive roles with Cumberland Resources Ltd. (“Cumberland”) whose principle projects were the Meadowbank and Meliadine gold projects in Nunavut, Canada.  He was initially responsible for exploration, business development and investor relations. In 1998, he was appointed Senior Vice President of Cumberland and focused on the exploration and advancement of the Meadowbank Gold Project, which through discovery and the delineation of several gold deposits, expanded into one of Canada’s largest undeveloped gold resources.

In 2003, Mr. Curtis was appointed President, Chief Executive Officer and Director of Cumberland. Over the next several years he led the transition of the company from explorer to developer by completing Bankable Feasibility, development permitting, project financing and commencing the initial construction of the Meadowbank Gold Project. He worked with all levels of government, Inuit and community based organizations to secure agreements on taxation, compensation and benefits for resource development in Nunavut.  Mr. Curtis continued in this role until 2007, when Cumberland was acquired by Agnico-Eagle Mines Ltd. in a transaction valued at $730 million. Meadowbank achieved production in early 2010, becoming Nunavut’s first new gold mine and is currently one of Canada’s largest producing gold mines.  From 2008 to 2010, Mr. Curtis was a Director of privately owned, Meliadine Resources Ltd. which was acquired by Comaplex Minerals Corp. prior to its buyout by Agnico-Eagle Mines.

Mr. Curtis has 28 years of experience in exploration, resource analysis, permitting, mine design, feasibility, development and financing as well as corporate development and general corporate affairs.  He is a graduate of the University of British Columbia with a Bachelors of Science in Geology and a Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of British Columbia. He is currently President and Chief Executive Officer of South Arm Resources Ltd., a private company based in Richmond, British Columbia.

The Company also announces the resignation of Mr. Brian Budd from the board of directors and his appointment as Corporate Secretary of North Country on November 21, 2011. Mr. Budd will continue in his role of Vice President, Corporate Development. “I would like to thank Brian for his outstanding service and contributions to our board and we are very pleased he has accepted the role of Corporate Secretary. We also look forward to Brian’s continued success as he focuses on our corporate development activities.” stated John Williamson, President and Chief Executive Officer of North Country.

Grant of Options

The Company's board of directors has granted stock options to an incoming director and the Corporate Secretary, to acquire up to an aggregate of 1,100,000 common shares of North Country under the Company's stock option plan. The stock options are exercisable at a price of $0.85 per common share.

About North Country Gold Corp.

North Country Gold Corp. controls one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The gold-rich Committee Bay Greenstone Belt is located 180km northeast of the of Agnico Eagle’s Meadowbank gold mine. The Three Bluffs deposit is geologically comparable, with similar grades, type of mineralization and age as Meadowbank and Meliadine Gold Deposits. The Company holds 100% interest in 530,630 acres along the 300km long belt and has identified 5 distinct mineral development centers, focusing in on the Three Bluffs deposit.

NORTH COUNTRY GOLD CORP. TO RELEASE AN UPDATED GOLD RESOURCE IN 2012.

North Country Gold Corp. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property.  The program is supervised by Peter Kleespies, M.Sc., P.Geol. who is the Qualified Person as defined by NI 43-101 – Standards of Disclosure for Mineral Projects.  A detailed description of North Country Gold Corp.’s QA/QC program is provided on the Company’s website at www.northcountrygold.com .

On behalf of the Board of Directors

North Country Gold Corp.

(signed)"John Williamson"

For more information on North Country Gold Corp., please visit the company’s website: www.northcountrygold.com or contact:

Brian Budd
Corporate Secretary and Vice President of Corporate Development
Email: brianb@northcountrygold.com
Tel: 604-697-2861

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.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com

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

*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"

Rob Carpenter, Ph.D., P.Geo.
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. Kaminak is a member of the Discovery Group of companies. For more information on the group please visit www.discoveryexp.com.

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.

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.

Good morning

Please find below three links to news items related to Kivalliq and the nuclear energy sector.

1.) Kivalliq’s CEO Jim Paterson was interviewed by Brian Truscott of www.uraniumblog.com about our recent progress at the Angilak Property:
http://www.uraniumblog.com/2011/11/kivalliqs-energized-lac-cinquante-u3o8-project-.html#more

2.) A summary of a Nuclear Energy Institute (“NEI”)survey confirming ongoing support by the general American public for nuclear power, 6 months after the earthquake in Japan:
http://www.nei.org/newsandevents/newsreleases/americans-support-for-nuclear-energy-holds-at-majority-level-6-months-after-japan-accident/

3.) A white paper by NEI called “Global Nuclear Power Development: Major Expansion Continues”:
http://www.nei.org/resourcesandstats/documentlibrary/newplants/whitepaper/white-paper---global-nuclear-power-development/

All the best

Shannon Coutts, Corporate Communications

“With the conclusion of Cedar’s 2011 program at the Kelly Creek Project, we have now identified seven exposures of gold-bearing graphitic schists of similar character over a 16 kilometre area which are interpreted to be part of a very large scale gold-mineralizing event in the Kelly Creek area” stated Charles Chebry, President and CEO.  “Our limited drill testing this year at five of these prospects has confirmed that extensive epigenetic mineralization is present within bedrock over the area and that the potential to identify a significant gold resource remains good. The structural setting of the area and the close association of the mineralization to the graphitic schist units would suggest that we have only sampled a fraction of the total prospective stratigraphy” added Mr. Chebry.

South Fox

The South Fox prospect is located 4.5 kilometres northwest of the Kelly Creek prospect.  At South Fox, gold-in-soil anomalies associated with graphite and mica quartz schist were identified during 2010. During August 2011, ten diamond drill holes totaling 1,102 metres tested these anomalies. Holes 11SF03 to 11SF06 drilled in the northern portion of the anomaly returned broad zones of gold mineralization over a strike length of approximately 250 metres with highlights of 0.45 g/t over 28.40 metres in 11SF04 and 0.76 g/t Au over 24.00 metres in 11SF06 (Table 1 for complete results). Mineralization in these holes is hosted within faulted and sheared quartz-veined and stock-worked mica quartz schists and partly calcareous graphite quartz schists. Drill results suggest that the bedrock source for the gold-in-soil anomalies at South Fox have only been partially identified and that post-mineral faulting may have offset the mineralized zone in the southern portion of the target where drilling returned no significant results.

Table 1 - Significant Intersections South Fox Target

No significant intersections for holes 11SF01, 11SF02 and 11SF07 - 11SF10

Moose and Jaeger Prospects

The Moose prospect is located 8.5 kilometres east of the Kelly Creek prospect. Reconnaissance soil samples collected in 2007 contained some anomalous gold and follow-up in 2010 collected nine soil samples in this area that contained up to 377 ppb gold.

The prospect is within black, fine-grained carbonaceous schist and mica quartz schist in contact with micaceous marble. It appears to be in a similar structural and stratigraphic setting as the Wolverine prospect 3 kilometres to the northeast.

A soil survey grid was established in the prospect area in 2011. The 53 samples collected in 2011 contain up to 1,105 ppb gold. Together with the 2010 samples, they define a surface soil anomaly 800 metres long and is open in three directions.

Additional sampling is needed to determine the limits of the gold-in-soil anomaly and more detailed sampling is needed to completely define drill targets.

The Jaeger prospect is located a further 3 kilometres to the southeast of the Moose Prospect. Soil sampling in 2011 has defined a new gold in soil anomaly with peak values of 129 ppb gold, over a 600 metre by 200 metre area. The structural and stratigraphic setting is similar to that at Moose Prospect.

2011 Exploration Program Summary

During 2011, Cedar Mountain completed an exploration drilling program at the Kelly Creek Project focused on drill testing extensive gold-in-soil anomalies identified in 2010. In total, 4,816.30 metres of diamond drilling in 45 holes was completed at the Kelly Creek, Wolf, Wolverine, North Fox and South Fox prospects. The results of the drilling have confirmed the presence of bedrock gold primarily hosted within graphitic schists as local sources of the soil anomalies; however, it is apparent that gold mineralization is structurally controlled within the host lithologies as evidenced by extensive brecciation, shearing, and fracturing within the auriferous intercepts.

Additional soil sampling during 2011 has expanded upon existing and located new gold in soil anomalies over the Kelly Creek project area to bring the known dimensions of the mineralizing system to over 16 kilometres, supporting the presence of a large wide-spread gold mineralizing event in the area.

Further exploration will require detailed study of the structural geology of the area and identification of stratigraphic and structural controls on mineralization which could potentially yield high priority targets in structurally preferable settings.

The Property

The Kelly Creek Property is located on the Seward Peninsula, Alaska, 145 kilometres north of Nome. Kelly Creek is a drill-permitted early-stage gold exploration property comprising 105,280 acres (42,605 hectares) that cover an entirely new gold district. Historic results indicate the presence of disseminated gold deposits in metasedimentary rocks. These deposits have similarities to disseminated gold deposits in Nevada and are a new type for the region.

The Company’s disclosure of a technical or scientific nature in this press release has been prepared by Dr. Travis Hudson, registered geologist, who serves as a Qualified Person under the definition of National Instrument 43-101. The Kelly Creek project represents an early stage property and does not contain any mineral resources as defined by National Instrument 43-101.

About Cedar Mountain Exploration Inc.

Cedar Mountain Exploration Inc. is a mineral exploration company with a clear and distinct business strategy to identify, acquire, and explore high potential projects ready for rapid advancement. The flagship Kelly Creek Property on the Seward Peninsula of Alaska fits with the Cedar Mountain business strategy and demonstrates substantial potential for major gold discoveries.

Cedar Mountain is a member of the Discovery Group of Companies: www.discoveryexp.com

ON BEHALF OF THE BOARD

Charles Chebry
Chief Executive Officer
Tel: (403) 283-0001
Email: charles@chebry.com

For more information on Cedar Mountain Exploration Inc., please visit the Company’s website:
www.cedarmountainexp.com or contact:

Anthony Huston
VP Business Development & Director
Tel: 604-697-2862
Email: anthonyh@cedarmountainexp.com

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.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com

Vancouver, British Columbia – November 17, 2011: Indicator Minerals Inc. (“Indicator” or, the “Company”) today announced that it is proposing a name change and a consolidation of its issued and outstanding common shares.

The Company is proposing to change its name from Indicator Minerals Inc. to Bluestone Resources Inc. The consolidation of Indicator’s issued and outstanding common shares will be implemented on the basis of one post-consolidation share for up to twenty pre-consolidation shares.

The name change and consolidation are subject to TSX Venture Exchange as well as shareholder approval and will be considered by shareholders at a special meeting of the Company to be held on December 16, 2011.

“We believe that this share consolidation will improve the Company’s structure and enhance our ability to fund and advance our project portfolio.” said Bruce Counts, President and CEO. “The name change is designed to better reflect the Company’s current focus.”

As of November 1, 2011 the Company had 132,582,223 common shares issued and outstanding. If approved and implemented, the consolidation will occur simultaneously for all of the Company's common shares and will affect all shareholders uniformly. Management expects that the ratio for the consolidation will be fixed and the consolidation implemented as soon as practical following the meeting.  Assuming the proposed consolidation occurs at a ratio of 1:20, the Company’s outstanding shares will be reduced to 6,629,111 Common Shares. The consolidation will not affect any shareholder's percentage ownership interest in the Company, except to the extent that the consolidation would otherwise result in any shareholder owning a fractional share.  No fractional shares will be issued, but will instead be rounded down to the nearest whole number.

The proposed consolidation and name change will be further detailed in an Information Circular that will be distributed to shareholders in connection with the special meeting no later than November 21, 2011. A copy will also be made available electronically at www.sedar.com.

About Indicator Minerals:
Indicator Minerals Inc. is a Canadian exploration company focused on the discovery and development of economic mineral deposits. The company has assembled a highly qualified technical team to focus on advancing its early-stage Mohave Copper Porphyry project in north-western Arizona.

Indicator Minerals Ltd. is a member of the Discovery Group of companies, for more information on the group visit www.discoveryexp.com

On behalf of the Board
Indicator Minerals Inc.
/s/”Bruce Counts” P.Geoph.
President & CEO

Vancouver, British Columbia – Kaminak Gold Corporation (KAM: TSX-V) (“Kaminak” or the “Company”) is pleased to announce that it has closed the previously announced bought deal private placement financing (the “Offering”). The Company has issued 1,786,000 Class A common shares (the “Common Shares”) at a price of C$2.80 per Common Share and 2,985,000 Class A common shares which qualify as “flow-through” shares for purposes of the Income Tax Act (Canada) (the “Flow-Through Shares”) at a price of C$3.35 per Flow-Through Share for aggregate gross proceeds of C$15,000,550. The Common Shares and Flow-Through Shares are collectively referred to herein as the “Offered Securities”. The Company intends to use the net proceeds of the Offering to conduct exploration activities on its Coffee project located in the White Gold District, Yukon, and for general corporate purposes.

The Offering was led by Paradigm Capital Inc. and included Canaccord Genuity Corp., Fraser Mackenzie Limited, BMO Capital Markets and Raymond James Ltd. (the “Underwriters”). The Underwriters received a cash commission of 6% of the gross proceeds raised through the Offering and compensation options (“Compensation Options”) equal to 6% of the number of Offered Securities sold in the Offering. Each Compensation Option shall be exercisable to acquire one common share of the Company at an exercise price of C$3.35 for a period of 24 months from closing. Securities issued under the Offering are subject to a hold period which will expire four months and one day from the date of closing, being March 9, 2012.

This news release contains certain forward-looking statements including with respect to use of proceeds by the Company and exploration activities on its properties, and such statements involve risks and uncertainties. The results or events predicted may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release. Except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results, or any other occurrence.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

On behalf of the Board of Directors of Kaminak

“Rob Carpenter”
Rob Carpenter, Ph.D., P.Geo.
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. Kaminak is a member of the Discovery Group of companies. For more information on the group please visit www.discoveryexp.com.

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.

November 8, 2011, Edmonton, Alberta - North Country Gold Corp. (NCG: TSX-V) (NCG or the “Company”) today announces the fifth tranche of results from the 2011 drill program at the Three Bluffs Gold Project in the Committee Bay Greenstone Belt located northeast of Baker Lake, Nunavut, Canada. The latest results from 29 diamond drill holes combined with existing drilling at the Three Bluffs-Antler-Hayes (The 4 km long Walker Lake Trend) indicate that the gold mineralization system is extensive, strong and persists to depth.

“These latest results have confirmed the presence of new moderately east-plunging high-grade shoots at the western end of the Three Bluffs Zone” said John Williamson, President and CEO of North Country Gold Corp, “ This new trend has now been delineated over at least 600 m of strike and demonstrates increasing grades as we continue to drill to depth To date the deepest drill hole in this new trend is only 250 m below surface and mineralization remains wide open to depth along the extent of its strike” added Mr. Williamson.

TABLE 1: HIGHLIGHTS  FROM THE 2011 WESTERN THREE BLUFFS DIAMOND DRILLING

*Denotes holes highlighted in this release. Complete results for the 29 holes are given in Table 3. **Denotes holes released on July 16th, August 9th, and October 23rd, 2011.

At the Three Bluffs Gold Deposit, which comprises part of the Walker Lake Trend, drilling now confirms continuous gold mineralization over at least 1.4 km in strike extent and to depths of over 300 m. In addition, drilling at the Antler gold deposit has intersected continuous gold mineralization over at least 1 km and also to depths of at least 300 m (Figure 1).

It is clear that the Walker Lake Trend is a significant long lived gold mineralizing system over 4 km in strike extent and to depths of at least 320 m. In general, virtually all diamond drill holes that intercept the 30 to 50 m wide sheared zone of silicified and altered Achaean greenstone rocks contain intervals of 1 gram level gold grades. Modeling of the gold zones using a 0.5 gram cut-off confirms that the gold mineralization is continuous along strike (red zone in upper portion of Figure 1). Within the broader gold mineralizing system, high-grade portions or shoots are developed (up to 7.37 g Au/t across 68.30 m, Eastern Three Bluffs, and 18.13 g Au/t across 13.06 m, Western Three Bluffs)(Figure 1). To date, the 3 deepest holes contain significant high-grade gold mineralization at greater than 250 m below surface (Table 2, and Figure 1).

TABLE 2 HIGH-GRADE GOLD INTERCEPTS BELOW 250 M

*Denotes holes highlighted in this release. **Denotes North and South limb zones intersected in Hole 05TB038.

The 3 deepest holes in Table 2 above are drilled over a strike length of approximately 2.5 km and are coincident with strong Titan 24 deep IP chargeability-resistivity geophysical anomalies that persist to at least 500 m in depth, further supporting the depth potential of the high-grade zones within the Walker Lake system.

About North Country Gold Corp.

North Country Gold Corp. controls one of the largest under-explored greenstone belts in Canada with numerous drill-ready high-grade gold targets. The gold-rich Committee Bay Greenstone Belt is located 180 km northeast of the of Agnico Eagle’s Meadowbank gold mine. The Three Bluffs deposit is geologically comparable, with similar grades, type of mineralization and age as Meadowbank and Meliadine Gold Deposits. The Company holds 100% interest in 530,630 acres along the 300 km long belt and has identified 5 distinct mineral development centers, focusing in on the Three Bluffs deposit.

NORTH COUNTRY GOLD CORP. WILL BE RELEASING AN UPDATED GOLD RESOURCE IN 2012.

North Country Gold Corp. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property.  The program is supervised by Peter Kleespies, M.Sc., P.Geol. who is the Qualified Person as defined by NI 43-101.  A detailed description of North Country Gold Corp.’s QA/QC program is provided on the Company’s website at www.northcountrygold.com.

On behalf of the Board

North Country Gold.
/s/"John Williamson"

For more information on North Country Gold, please visit the company’s website: www.northcountrygold.com or contact:

Brian Budd
Vice President of Corporate Development and Director
Email: brianb@northcountrygold.com
Tel: 604-697-2861

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.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com

TB- Three Bluffs, TB-ANT GAP - Exploration holes between Three Bluffs and Antler

“Cedar’s 2011 drilling at the North Fox, Wolverine and Wolf prospects has confirmed the presence of gold in bedrock associated with broad geochemical soil anomalies at all three of these targets” stated Charles Chebry, President and CEO, “The extent of gold distribution over the area and apparent strong structural control on mineralization have improved our understanding of the prospectivity of the project and important geochemical targets have yet to be drill tested” added Mr. Chebry.

North Fox

The North Fox prospect is located 3 km northwest of the Kelly Creek prospect. At North Fox anomalous gold-in-soil values (20 to 468 ppb) cover a 1,400 m by 400 m area underlain by carbonaceous schist. Six drill holes totaling 668.5 m, inclined across the dip of the host carbonaceous schist were completed in the western part of the soil anomaly in August, 2011. Assay data for soil samples in the eastern part of the soil anomaly were not available when drilling was underway.

Anomalous gold values (+0.1 g) were returned from all drill holes. The gold-bearing zones are strongest where sheared and brecciated quartz vein stockworks are present. The gold intercepts are relatively narrow and low grade (4.5 m @ 0.32 g/t Au in 11NF03, 4.5 m @ 0.42 g/t Au in 11NF04, 4.5 m @ 0.50 g/t in 11NF05, and to 4.5 m @ 0.70 g/t Au in 11NF06), but intercepts systematically increase in grade towards the eastern and stronger part of the gold-in-soil anomaly completed in 2011 which remains untested by drilling (see accompanying map).

Wolverine Prospect

The Wolverine prospect is a large, linear gold-in-soil anomaly about 6 km east-northeast of the Kelly Creek prospect. Seven drill holes totaling 755.4 m tested this prospect in 2011. Four drill holes (11WO01, 11WO04, 11WO05, and 11WO06) were directed northeast (-600) and two drill holes (11WO03 and 11WO07) were directed southwest (-600) across the trend of the soil anomaly. 11WO02 was a short, vertical hole drilled at the same location as 11WO01. 

All of the drill holes encountered at least one mineralized interval (from 1 to 5.5 m long) with 0.1 g or more gold. Two of the holes (11WO01 and 11WO03) encountered five such intervals.  The strongest of these intervals was 4.5 m @ 0.44 g/t Au in 11WO01.  The gold-bearing zones are predominantly hosted within sheared and quartz veined, partly calcareous, mica quartz schist and graphite quartz schist.

Wolf Prospect

The Wolf prospect is a gold-in-soil anomaly, apparently localized along a high angle fault, about a kilometre south of the Kelly Creek. Four drill holes totaling 473.8 m were completed at Wolf in 2011.  The drill holes included three in a line (11WF01, 11WF02, and 11WF03) directed across the projected trace of the high angle fault. Drill hole 11WF04 encountered poorly sheared and broken up rocks and was abandoned prior to reaching target depth. The completed holes all encountered narrow mineralized zones containing at least 0.1 g/t Au. 11WF01 intercepted four 1.5 m zones with 0.12 to 0.48 g g/t Au, 11WF02 returned1.5 m @ 0.17 g/t Au, and 11WF03 contained 1.5 m @ 0.28 g/t Au. The gold-bearing zones are sheared and quartz-veined intervals in partly calcareous mica graphite quartz schist.

The Property

The Kelly Creek Property is located on the Seward Peninsula, Alaska, 145 km north of Nome. Kelly Creek is a drill-permitted early-stage gold exploration property comprising 105,280 acres (42,605 hectares) that cover an entirely new gold district. Historic results indicate the presence of disseminated gold deposits in metasedimentary rocks. These deposits have similarities to disseminated gold deposits in Nevada and are a new type for the region.

The Company’s disclosure of a technical or scientific nature in this press release has been prepared by Dr. Travis Hudson, registered geologist, who serves as a Qualified Person under the definition of National Instrument 43-101. The Kelly Creek project represents an early stage property and does not contain any mineral resources as defined by National Instrument 43-101.

Please click on the link provided below to view the addressed figure.

http://cedarmountainexp.com/_resources/CED-NR-Nov-2-2011.pdf

About Cedar Mountain Exploration Inc.

Cedar Mountain Exploration Inc. is a mineral exploration company with a clear and distinct business strategy to identify, acquire, and explore high potential projects ready for rapid advancement. The flagship Kelly Creek Property on the Seward Peninsula of Alaska fits with the Cedar Mountain business strategy and demonstrates substantial potential for major gold discoveries.

Cedar Mountain is a member of the Discovery Group of Companies: www.discoveryexp.com

ON BEHALF OF THE BOARD

Charles Chebry
Chief Executive Officer
Tel: (403) 283-0001
Email: charles@chebry.com

For more information on Cedar Mountain Exploration Inc., please visit the Company’s website:

www.cedarmountainexp.com or contact:

Anthony Huston
VP Business Development & Director
Tel: 604-697-2862
Email: anthonyh@cedarmountainexp.com

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.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com

October 31, 2011, Vancouver, BC - Niblack Mineral Development Inc. (TSX-V:NIB) or “the company” announces additional positive results completed by joint venture partner Heatherdale Resources Ltd. (TSX-V:HTR) from delineation and exploration drill holes completed during the 2011 spring and summer program at the Niblack volcanogenic massive sulphide (VMS) project in southeast Alaska. Significant intersections of copper, gold, zinc and silver were encountered in several of the holes. 

Highlights include:
Hole U131 - 26.8 feet of 4.66% Cu; 13.57 g/t Au; 15.26% Zn; and 302 g/t Ag
Hole U132 - 44.6 feet of 2.54% Cu; 5.54 g/t Au; 10.96% Zn; and 126 g/t Ag
Hole U136 - 35.7 feet of 4.60% Cu; 5.68 g/t Au; 10.00% Zn; and 141 g/t Ag

Three drill rigs were utilized to complete the 21,300 feet of drilling described in this news release.  Two underground drill rigs were active continuously throughout the program, to explore for and delineate resources in the Lookout and Trio Zones. Several of the holes were directed toward collection of samples for metallurgical testwork.  In addition in May and June 2011, a helicopter-supported surface drill rig was added to the program to test several of the compelling exploration targets in the area of the historic Niblack Mine, as well as the Trio and Broadgage zones.

The 10 delineation holes drilled from underground in the Lookout Zone have reaffirmed the robustness of the mineralization at Niblack. Drill core collected from this program will also be utilized to advance understanding of the project metallurgy, and support engineering studies toward completion of a Prefeasibility Study. The additional data and information received from these drill holes will be incorporated into a new resource estimate.

Three exploration holes drilled from underground firmly established the continuity of the mineralization hosting felsic horizon between the Lookout and Trio zones as well as to the northwest of the Lookout Zone, and have also provided positive indicators for the next stage of drilling in these areas.

Of the seven surface exploration holes reported here, six tested the felsic horizon in the Trio-Broadgage area and one hole targeted the area proximal to the historic Niblack Mine.  The detailed geologic model has been validated from this drilling and six of the seven holes intersected sulphide mineralization that will guide the next round of exploration drilling. The mineralization encountered in hole S148, which intersected 22 feet grading 0.53% copper and 1.54 g/t gold, has provided important information about the plunge direction of the mineralization in the Trio zone.

Important intersections from these 20 new holes are presented in the Niblack Assay Table below. Assays from these as well as the first 100 holes drilled (released previously) and a drill hole location section are available on the Niblack website at http://niblack.com/project_areas/united_states/niblack/

NIBLACK ASSAY TABLE