New Kivalliq Energy
Corporate Presentation

• Kaminak intends to spin-out the company’s uranium assets into a new company called Kivalliq Energy Corp.
  
  

• The core asset in the Kivalliq portfolio will be the Angilak property which is 250,000 acres and located in central Nunavut, Canada.
  
  

Angilak Project, Nunavut

• The Angilak property is 250,000 acres and hosts the historic, near surface and high-grade Lac Cinquante Deposit which is reported to contain 11.6 million pounds of uranium (non National Instrument 43-101 compliant) with grades averaging 1.03% U₃O₈**
  
  

• As part of a landmark agreement between Kaminak and NTI (see Kaminak Press Release January 31st, 2008), Kaminak / Kivalliq became the first company to be awarded the right to explore for uranium on privately-held Inuit Owned Land in Nunavut. NTI is responsible for the management of all Inuit-Owned Lands in Nunavut and acts as the advocate of Inuit interests in Nunavut.
  
  

• The property also hosts numerous other untested occurrences of uranium ± copper ± silver and gold (BOG, YAT and REV)
  
  

• BOG Showings
  
  
  • Located less than 10 kilometres from the historical Lac Cinquante uranium deposit
    
    
  • The 2007 exploration program reported separate outcrop grab samples from the BOG occurrence yielding up to 2.45% Cu and 0.22% U₃O₈, respectively. Distinctive zonation of copper, silver and uranium was established at outcrop scale.
    
    

• The BOG trend is intermittently exposed over at least 5,000m and varies in width from 50m to 150m. Within this zone, Archean basement gneisses are intensely hematite altered, brecciated and cut by quartz stockwork veining associated with feldspar porphyry intrusions. High-grade uranium showings (with or without copper, molybdenum and silver) occur in outcrop and boulders along the entire 5,000m long BOG trend.
  
  

• Noranda identified at least ten showings with grades of 0.10% U₃O₈ or higher along a 1,000m long segment of the BOG trend. Noranda subsequently drilled several shallow holes over 100m of strike length and intersected thick intervals of brecciated hematite alteration and silicification in each hole. The most easterly hole intersected 0.22% over U₃O₈ over 1.0m and remains open. Separate work along the northeastern extent of the BOG trend by Pan Ocean yielded an outcrop grab sample assay of 9.81% U₃O₈, 0.73% Cu, 0.792% MoS2 and 3.70 oz/ton Ag. Nearby historical grab samples also yielded high-grade results, including: 2.14% U₃O₈ and 0.22% MoS2 (outcrop) and 3.97% U₃O₈ (boulder). No previous drilling is reported in this area.
  
  

• YAT Showings
  
  
  • Located less than 10 kilometres from the historical Lac Cinquante uranium deposit
    

• 2007 Exploration Program Highlights
  
  
  • Grab sample returned 31.9 g/t Au, 1,170 g/t Ag, 1.18% Cu and 0.24% U₃O₈

• Historical data indicates the gold potential on the YAT trend was overlooked as previous companies assayed only for uranium, base metals and silver.

• Mineralized veins hosted in sandstone and conglomerate located near basin unconformity

• The YAT uranium occurrences are located 8km south of the BOG trend and are comprised of a number of vein-type showings co-incident with northeast trending geophysical and geochemical anomalies. The main showing was discovered by Pan Ocean Oil in the late 1970’s and consists of strongly hematized and chloritized fractures hosted in conglomerates. Historical grab samples from occurrence “6” yielded 2.88% U₃O₈, 5.37% Cu and 0.11% MoS2 and historical samples from occurrence “5” assayed 0.94% U₃O₈, 0.67% Cu and 0.09% MoS2. No previous drilling is reported from the YAT area.

• REV Showings
  
  
  • The REV area is located 10km east of the BOG trend and is characterized by several vein-type uranium occurrences hosted in sheared Archean basement rocks. Historical sampling by Noranda revealed assays of 0.36% U₃O₈, 0.31% U₃O₈ and 0.11% U₃O₈ from separate outcrop showings. Limited follow-up work is reported on these prospects.

** The quoted disclosure for the Lac Cinquante Uranium Deposit was prepared by Aberford Resources Ltd. The deposit is historical and should not be relied upon since it is not compliant to standards set out in National Instrument 43-101. However, it is relevant because: it is indicative of a mineralized zone worthy of follow up exploration as it is based on drilling exploration and development carried out by what is believed to be knowledgeable explorers in accordance with acceptable industry practices at the time of the estimate. A Qualified Person has not classified historical estimates as current mineral resources/reserves, and Kaminak is not treating them as current mineral resources/reserves since work to date has not verified the historical estimates. Kaminak has not done any work to confirm these estimates but will be planning exploration programs aimed at evaluating the economic potential of the deposit and environs. It is uncertain if further exploration will result in the deposit being delineated as a mineral resource

Updated News on Angilak Project

Jul 4, 2008: Kaminak Closes Spin-out of Kivalliq Energy Corporation and Shareholders to Receive Kivalliq Units

Jun 27, 2008: Kaminak Receives Shareholder and Court approval for spin-out of Kivalliq Energy Corporation: Announces Closing Schedule

Jun 23, 2008: Kaminak Proposes Timetable for Closing of Spin-out Transaction and Announces Completion of Kivalliq Energy Corporation Financings

May 8, 2008: Kaminak Formalizes Agreement on Angilak Property with Nunavut Tunngavik Incorporated and Sets Meeting Date of June 25 for Approval of Spinout of Kivalliq Energy Corp.

Feb 21, 2008: Kaminak Shareholders to Receive Shares in New Uranium Spin-out called Kivalliq Energy Corp

Jan 31, 2008: Kaminak Signs Landmark Agreement with Nunavut Tunngavik Incorporated and Acquires Historic Deposit Reported to contain 11.6 Million Pounds of Uranium (non NI 43-101 compliant)

Nov 22, 2007: Kaminak confirms copper-uranium-silver mineralization along the BOG trend: Geologic evidence validates “IOCG” model on the Yathkyed Property

Nov 5, 2007: Kaminak Reports New Gold-Rich Surface Samples from Its YAT Copper-Uranium-Silver Prospect

Jul 18, 2007: Kaminak Options SY Gold Property to Corsa Capital Ltd. and Signs Exploration Agreement with Nunavut Tunngavik Incorporated

Jul 5, 2007: Kaminak Begins Exploration Programs on Washburn and Yathkyed Projects

May 2, 2007: Kaminak Stakes Uranium-Copper-Molybdenum Prospects, Yathkyed Lake area, Nunavut

Mar 5, 2007: Kaminak Generates Two New Canadian Uranium Projects; Appoints Chief Geologist