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2011

Kaminak Gold Corporation
$11.5 Million Bought Deal Private Placement

We acted as counsel to Kaminak Gold Corporation with respect to its $11.5 million bought deal private placement that was completed on March 3, 2011. The private placement was underwritten by a syndicate co-led by Paradigm Capital Inc. and Canaccord Genuity Corp. and included Fraser Mackenzie Limited. On closing, Kaminak sold an aggregate of 1,917,050 Class A Common shares at a price of $3.00 per share and an aggregate of 1,597,350 flow-through Class A Common shares at a price of $3.60 per share for gross proceeds of $11,501,610. Kaminak is a Vancouver-based exploration stage mining company focused on the acquisition, exploration and development of gold and other precious and base metal properties. Kaminak intends to use the net proceeds of the private placement to conduct exploration activities on its Coffee project located in the White Gold District, Yukon and for general corporate purposes. Kaminak’s shares are listed on the TSX Venture Exchange under the symbol “KAM”.