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Press release from Newsfile Corp

Kivalliq Energy Announces a Non-brokered Private Placement - Video Posted on

Friday, April 05, 2013

Kivalliq Energy Announces a Non-brokered Private Placement - Video Posted on

18:18 EDT Friday, April 05, 2013

Vancouver, British Columbia--(Newsfile Corp. - April 5, 2013) - Kivalliq Energy (TSXV: KIV) announces a non-brokered private placement, intending to raise gross proceeds of $4.5 million, through the issuance of 15 million units at a price of $0.30 per unit. Each unit consists of one common share and one whole warrant, which will allow the holder to acquire an additional common share at a price of $0.50 for 2 years. has produced a "video news alert" about Kivalliq Energy. If this link is not enabled, please visit and enter "Kivalliq" in the search box.

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Kivalliq Energy, a Vancouver-based uranium exploration company, was the first company in Canada to sign a comprehensive agreement with the Inuit of Nunavut to explore for uranium on Inuit owned lands

It is currently advancing Canada's highest grade uranium deposit outside of Saskatchewan's Athabasca Basin. The company's flagship project, the 340,000 acre Angilak Property in Nunavut Territory, hosts the Lac 50 Trend.

Since acquiring the property in 2008 the company has invested approximately $50 million conducting systematic exploration, including: ground and airborne geophysics, geological mapping; prospecting, and over 87,500 metres of diamond and reverse circulation drilling. The company has filed a NI 43-101 technical report, which shows an Inferred Resource of 2,831,000 tonnes grading 0.69% U3O8, totaling 43.3 million pounds U3O8.

Kivalliq intends to use the net proceeds of the offering to fully fund the first phase of its 2013 exploration program and for general working capital purposes. The budget for phase one has been adjusted to $4 million from $8 million and includes high priority drilling and geophysical activities in key areas that must be completed before break-up sometime in June.

Since 2010 the company has discovered 10 new uranium zones within the Lac 50 Trend. Pending results and market conditions, Kivalliq will continue the second phase of the proposed 2013 Exploration Program at Angilak, with additional core drilling and geophysical, geological, geochemical and engineering surveys in the field.

Kivalliq Energy currently trades at $0.30, and with 174 million shares outstanding, the company is capitalized at $52 million.

For more information please visit the company's website, or contact investor relations at 1-888-331-2269 or email

Kivalliq is a member of the Aurora Mineral Resource Group of companies. For more information on these companies please visit

About InvestmentPitch, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing three minute videos based on news releases and research reports.

Barry Morgan, CFO

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