VANCOUVER, BRITISH COLUMBIA, Dec. 9, 2010 (Marketwire) -- Kaminak Gold Corporation (TSX VENTURE:KAM) is pleased to announce subject to regulatory approval, the promotion of Tim Smith to Vice President, Exploration of the Company. Tim has spent the past year in the role as Exploration Manager of Kaminak's flagship Coffee Gold Project, located in Yukon Territory. Tim will now be focused on utilizing his experience to help Kaminak achieve its corporate goals for 2011.
"I am extremely happy to have Tim move into the new role of VP Exploration. In the past year, he has proven himself as someone who can see the big picture yet also have the ability to stay on top of the details needed to run a large exploration program," stated Rob Carpenter, Kaminak's President and CEO, "His experience in leading geological teams from initial discovery through resource extension, definition and feasibility to eventual mining, will be invaluable to the Company."
Tim has over 15 years experience in mineral exploration and mining, having graduated with a M.Sc. in Geology in 1994 from the University of Canterbury, New Zealand. The first part of his career was spent with a major gold miner in the Archean Yilgarn Craton of Western Australia, where he was part of a team which discovered and developed two stand-alone gold mines in the greenstone belts of the Eastern Goldfields.
In 2000, he subsequently moved into the junior exploration sector with Tanami Gold NL. Starting as Project Geologist and working his way up to Geology Manager, Tim headed up all geological functions across the Company. In this role, Tim was responsible for the exploration of a major landholding (up to 70,000km(2)) and the resource development and eventual mine geology of the Coyote Gold Project, which is now Australia's most remote operating open cut and underground gold mine. As an offshoot to Tanami Gold, Tim also led the geology team for Jabiru Metals Ltd during the bankable feasibility study into the VHMS Cu-Zn-Ag Jaguar Deposit, which is also now an operating underground mine.
Stock Options Grant
Kaminak Gold Corporation's Board of Directors has granted an aggregate of 200,000 stock options, subject to regulatory approval, to an Insider of the Corporation. The options will have an exercise price of $2.76 per common share, with a hold period of four months and will expire on December 9th, 2015.
On behalf of the Board of Directors of Kaminak
Rob Carpenter, Ph.D., P.Geo., President and CEO
Kaminak Gold Corporation
Kaminak is a member of the Discovery Group of companies. For more information on the group please visit www.discoveryexp.com.
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.
Kaminak Gold Corporation
Vice-President of Corporate Development
1.888.331.2269 or 604.646.4534