Kiska Releases 2011 Drilling Results from Raintree North Prospect, Whistler Project, Alaska

VANCOUVER, Oct. 17, 2011 /PRNewswire/ – Kiska Metals Corporation (“Kiska” or
“the Company”) reports drill hole results from summer drilling at the
Raintree North prospect (RTN) at the Whistler Project, 160 km northwest
of Anchorage, Alaska. Results include hole WH11-037, which averaged
0.56 g/t gold equivalent over 110.2 metres. A total of eight drill
holes were completed at the Raintree North target in 2011, defining a
steeply northeast dipping body of near-surface porphyry mineralization
that remains open to depth.

Raintree North – Holes WH11-037, WH11-038

     __________________________________________________
    |   Hole  |From | To  |Width| Au  | Ag  | Cu |Au Eq|
    |         | (m) | (m) | (m) |(g/t)|(g/t)|(%) |(g/t)|
    |_________|_____|_____|_____|_____|_____|____|_____|
    |WH11-037 |360.0|505.0|145.0| 0.25| 1.22|0.10| 0.46|
    |_________|_____|_____|_____|_____|_____|____|_____|
    |Including|372.8|483.0|110.2| 0.30| 1.10|0.12| 0.56|
    |_________|_____|_____|_____|_____|_____|____|_____|
    |WH11-038 |284.0|437.1|153.1| 0.20| 0.92|0.07| 0.35|
    |_________|_____|_____|_____|_____|_____|____|_____|
    |Including|323.0|431.2|108.2| 0.24| 1.13|0.10| 0.46|
    |_________|_____|_____|_____|_____|_____|____|_____|

Gold equivalent calculations do not take into account metallurgical
recoveries and are based on in ground metal using metal prices of $990
per ounce gold, $15.40 per ounce silver and $2.91 per pound copper.

Holes WH11-037 and WH11-038 targeted the down-dip extents of
mineralization earlier reported from holes WH11-032 (80.0 m averaging
0.31 g/t gold, 0.14% copper) and WH11-034 (79.3 m averaging 0.57 g/t
gold, 0.19% copper), which now defines mineralization extending from
surface to a depth of greater than 500 metres. Mineralization is
largely confined to a body of Whistler-type diorite porphyry associated
with potassic alteration and stockwork chalcopyrite-bearing quartz and
magnetite veining. Mineralization is coincident with magnetic high and
a halo of strong chargeability. WH11-035, 040, 041 did not return
significant intersections.

“Raintree North, identified through our reconnaissance drilling program
this spring, is one of five blind porphyry targets hidden beneath
glacial till cover in the Whistler Orbit area,” comments Jason Weber,
President and CEO of Kiska Metals. “Evidence such as the large and
intense geochemical and alteration halo defined by shallow grid
drilling, and breadth of induced polarization response suggests that
the Raintree North is one within a cluster of mineralized porphyry
centres. Our refinement of the exploration model and continued
improvement of our exploration techniques will make us even more
effective in finding more blind porphyry centres.”

Drilling continues on the project, with two rigs operating at Island
Mountain. Results are pending from approximately 15,000 metres of
drilling at Island Mountain, targets in the Whistler Orbit (Raintree
West, Raintree South and Rainmaker) and other new targets on the
Whistler Property. Results are expected to be released in groups based
on target areas. Plan maps and cross sections can be found at http://www.kiskametals.com/s/Whistler.asp?ReportID=473233.

To view plan maps and cross sections please visit the links at the
bottom of this release.

Qualified Person Statement

The content of this release has been reviewed by Mr. Mark Baknes, M.Sc.,
P. Geo., VP Exploration of Kiska Metals. Mr. Baknes is a Qualified
Person as defined under the terms of National Instrument 43-101. Rock
samples were prepared for assay at ALS Chemex Labs in Fairbanks,
Alaska, and analyzed for multiple elements at ALS Chemex Labs in North
Vancouver, British Columbia.

About Kiska Metals Corporation

Kiska Metals Corporation is a mineral exploration company focused on
advancing the Whistler property, Alaska, a district-scale project with
excellent exploration potential which includes the Whistler Deposit (a
2.25 M oz gold equivalent indicated resource of 79.2 million tonnes
averaging 0.51 g/t gold, 1.97 g/t silver and 0.17% copper and a 3.35 M
oz. gold equivalent inferred resource of 145.8 million tonnes averaging
0.40 g/t gold, 1.75 g/t silver and 0.15% copper). Kiska has renowned
technical expertise and a quality exploration portfolio with numerous
early stage exploration opportunities around the world, some held in
partnership with a selection of the world’s largest and most successful
gold and base metal producers.

On behalf of Kiska Metals Corporation

“Jason Weber”

Jason Weber, P.Geo., President & CEO

CAUTIONARY STATEMENT: No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information
contained herein. This News Release includes certain “forward-looking
statements”. Other than statements of historical fact, all statements
included in this release, including, without limitation, statements
regarding future plans and objectives of Kiska Metals Corporation, are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from Kiska’s
expectations are the risks detailed herein and from time to time in the
filings made by Kiska Metals Corporation with securities regulators.
Those filings can be found on the Internet at http://www.sedar.com and http://www.sec.gov/edgar.

 

SOURCE Kiska Metals Corporation

PDF with caption: “Whistler Plan Map”. PDF available at: http://stream1.newswire.ca/media/2011/10/17/20111017_C4592_DOC_EN_4878.pdf

PDF with caption: “Raintree North Plan Map”. PDF available at: http://stream1.newswire.ca/media/2011/10/17/20111017_C4592_DOC_EN_4879.pdf

PDF with caption: “Raintree North Cross Section”. PDF available at: http://stream1.newswire.ca/media/2011/10/17/20111017_C4592_DOC_EN_4880.pdf