21 June 2016
Vancouver, British Columbia – Kivalliq Energy Corporation (TSX-V:KIV) (“Kivalliq”) today announced plans for summer exploration at the Company’s Angilak Property in Nunavut Territory and a non-brokered private placement financing to raise gross proceeds of CDN$400,000, to fund mineral exploration at Kivalliq’s wholly-owned properties in Canada.
“We are excited to kick-off the first program designed to determine the scope and setting of exceptional gold, silver and PGM results reported from the Yat area since 2007,” stated Jeff Ward, Kivalliq’s President. “Prospecting at Yat in 2015 included one grab sample of 211 g/t gold, 80,900 g/t silver, 1.82% U3O8, 6.8% copper, 3.1 g/t platinum and 6.7 g/t palladium, which are very compelling results to follow up this season.”