Kaminak Gold Corporation is earning a 100% interest in the 5,000 hectare Sharpe Lake Gold Project, located 550 kilometers northeast of Winnipeg, Manitoba. The project is centered on a portion of the east – west trending Stull Lake – Wunnummin Fault Zone (SWFZ). The SWFZ is a major first – order Deformation Zone that is host to several important gold deposits, including the Monument Bay Gold Zones( 1.1 million tones @ 15.36 g/t Au) which is located 30 kilometers east of Sharpe Lake.

The property is underlain by volcanic rocks of the Archean Superior Province. The Superior Province is the largest and most prolific gold producing Archean craton in the world and extends from northeastern Quebec to northwestern Manitoba. The Sharpe Lake property represents one of the few remaining gold-bearing greenstone belts in the Superior Province which has never been drill tested.

The geologic setting at Sharpe Lake resembles other gold districts in the Superior Province. For example, the SWFZ is considered to be similar in style to the prolific Destor-Porcupine Fault Zone which is host to the >60 million ounce Timmins District. Also, large and pervasive sericite altered zones associated with these fault zones have been identified at Sharpe Lake.

Minor previous work at Sharpe Lake consisted of an airborne Magnetic / Electromagnetic survey and ground prospecting. The airborne survey helped map the extent of the SWFZ and prospecting revealed historical grab samples of 6.9 g/t Au along the trace of the fault zone. The airborne survey also helped identify a prominent geophysical feature interpreted as a sequence of banded iron formation which appears to have many similarities to the nearby producing Musselwhite Mine (>1.5 million ounces).

Updated News on Sharpe Lake Property

Jun 21, 2006: Kaminak Mobilizes Crew to Sharpe Lake Gold Project, Manitoba

Dec 2, 2005: Kaminak Acquires Sharpe Lake Gold Project, Manitoba