KAMINAK GOLD CORPORATION V.KAM

Morning Coffee

[Runner5]

From today's edition of Canaccord's Morning Coffee:

Kaminak Gold* (KAM : TSX-V : $3.95), Net Change: 0.25, % Change: 6.76%, Volume: 472,465

Receiving some summer love. Kaminak Gold is one of the leaders in the second coming of the Yukon gold rush and thanks to some positive comments and a decent day on the broader markets, Kaminak was showing its stripes on Wednesday. One of the junior mining sector's most widely followed newsletters upped their rating on Kaminak shares Tuesday afternoon and stated that, "These first two releases of 2011 confirm that Kaminak can outline a gold resource this season that garners it a significantly more than the 2 million oz. suggested by its current market cap." Adding that, "With this second set of confirmation results we like the odds of near term gains for the Kaminak and shift our outlook up." Just over a week ago,Kaminak announced the results from the first three diamond core holes drilled in 2011 at the Latte Zone, which included high grade intersections of 9.6 g/t gold over 17 m and 17.4 g/t gold over 7 m. Management highlighted that these new holes at Latte Zone successfully extended the strike of mineralization an additional 100 m towards the west beyond the extent of the gold-insoil trend, and intersected a wide high-grade zone over two successive drill sections. Commenting on the results, Kaminak's President and CEO Rob Carpenter stated that, "Drilling two of the highest grade intervals to date, and outside of the gold-in soil anomaly, are major milestones for the Coffee property." He added that, "This significant achievement by our technical team opens up the exploration potential of the Coffee property by allowing us to evaluate completely new target types elsewhere on the property." The company said ongoing drilling at Latte will continue to focus on extending the strike length and depth extent, with two diamond core drills currently drilling.