Kivalliq Energy Corporation (KIV: TSX-V):
A Kaminak Uranium Spin-out

Kivalliq Energy Corporation is a uranium exploration and development company based in Vancouver, Canada and the first company in Canada to sign a comprehensive agreement with the Inuit of Nunavut to explore for uranium on Inuit Owned Lands in Nunavut Territory, Canada. The partnership combined with Kaminak Gold Corporation's uranium assets, led to the creation of Kivalliq as a spin out company in 2008.  Kivalliq's management team has forged strong relationships with sophisticated resource sector investors and project partner Nunavut Tunngavik Inc. ("NTI") to advance the Angilak Property. The Company is focused on building shareholder value while adhering to a high level of environmental and safety standards and proactive local community engagement.

Rob Carpenter, President & CEO of Kaminak and Director of Kivalliq, shaking hands with Carson Gillis, 
Department of Lands and Resources for Nunavut Tunngavik Incorporated, 
after signing landmark agreement.

Angilak Project, Nunavut - Kivalliq's Core Asset

With a NI 43-101 Inferred Resource of 14.15 million pounds at 0.79% U3O8, the Lac Cinquante Deposit is Canada's highest grade uranium deposit outside of the Athabasca Basin.  Kivalliq's flagship project, the 225,000 acre Angilak Property in Nunavut, hosts the high-grade Lac Cinquante deposit, along with nine additional high priority target areas identified through prospecting in 2010.

Since acquiring the Angilak Property in 2008, the Company has invested approximately $30 million conducting systematic exploration, including ground and airborne geophysics, geological mapping, prospecting and 48,000 meters of drilling.

Kivalliq has completed an aggressive $17 million exploration program for 2011 at Angilak including 23,849 metres in 153 diamond drill holes and an additional 6,411 metres in 88 exploratory holes using a reverse circulation (RC) drill rig.

For more information, please visit the company website: www.kivalliqenergy.com.

Disclaimer:
** The information related to the mineral resource estimate at the Lac Cinquante uranium deposit was disclosed in the Kivalliq News Release dated February 7, 2011. Jeff Ward, P.Geo, President of Kivalliq and a Qualified Person for the Company has revised and approved the information contained here in.