Kivalliq Energy Corporation: discoveries continue along Lac Cinquante trend; mineralization confirmed over 2.3 km

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 17, 2011) – Kivalliq Energy Corporation (TSX VENTURE:KIV) (the “Company” or “Kivalliq”) today provided an update on diamond drilling near the high grade Lac Cinquante Uranium Deposit, located within the Angilak Property in Nunavut, Canada. Recent drilling successfully discovered a mineralized zone, the “Western Extension”, located to the west and along strike from the 1.35 kilometre long Lac Cinquante deposit. In addition, two diamond drills are now delineating a new zone, the “Eastern Extension”, discovered 450 metres east of the inferred resource area. Highly radioactive readings from diamond drilling along the Lac Cinquante structure have now extended the known strike extent of uraniummineralization to at least 2.3 kilometres.

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