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International Kirkland (“IKI”) Private Placement Closes and Cosby-Walker Gold-Base Metal Property, Ontario, Update

July 21, 2008

International Kirkland Minerals Inc. (“IKI” / the “Company”) (TSX VENTURE: IKI) announces the private placement unit offering announced on June 17, 2008 consisting of 2,000,000 units at $0.12 per unit has closed. Each unit consists of a half Flow Through Share and a half Non-Flow Through share totalling one share at $0.12 per share and one non-flow through warrant attached to each full share exercisable into one further share of the Company at $0.16 per share for a one year term. Insiders subscribed for 595,000 units of the offering.

A 10% finder’s fee, payable half in cash and half in IKI common shares was paid to agents in connection with arms length subscribers’ participation in the offering. In addition, non-transferable compensation warrants of 5% was paid on the offering pertaining to arms length subscribers. Each compensation warrant is exercisable into one share of the Company at a price of $0.16 per share over a one year term.

The gross proceeds from the unit offering of $240,000 shall be used for general operating capital and for the ongoing exploration of the Cosby-Walker gold-base metal property, or on future work in 2008 on IKI’s Creelman Roberts uranium property located north of Sudbury, Ontario. The unit offering is subject to regulatory filings and acceptance.

COSBY WALKER PROPERTY

International Kirkland Minerals Inc. has drilled four diamond drill holes totalling 1892 metres on the Cosby Walker Property in North-eastern Ontario, east of Matheson in Walker Township. Hole CW-08-001 on section 7000E was drilled to investigate an induced polarization anomaly. The hole encountered rhyolite and dacite with weak disseminated pyrite and graphite. No significant assays for gold or base metals were encountered. Hole No. CW-08-002 on section 6200E was drilled to investigate below historic gold intersection in hole K15-62 which assayed 1.79 g/t Au over a width of 3.7m at a vertical depth of 100m below surface. Hole No. CW-08-002 encountered moderate to strong disseminated arsenopyrite mineralization in silicified brecciated dacite from 283m to 297m over a width of 14m assaying 0.96 g/t Au including 2.52 g/t Au over 1.16m at a vertical depth of 200m below surface in the Cosby No. 1 Zone (Upper Zone). A second zone containing weak disseminated arsenopyrite was encountered from 408m to 410m assaying 3.70 g/t Au over a width of 2m in the Cosby No. 2 Zone (Lower Zone). These mineralized intersections are approximately 60% of true width. Hole CW-08-003 was drilled on section 6200E was drilled to investigate a deep induced polarization anomaly 500m south of hole CW-08-002. The hole encountered pyrite mineralization in a gabbro. Hole No. CW-08-004 was drilled on section 6250E to investigate the intersection in hole CW-08-002 along strike to the east. The hole encountered a diabase dike where the mineralized zone was projected to be on strike. Hole No. CW-08-005 is currently drilling on section 6150E to investigate the mineralized zone 50m on strike to the west of hole CW-08-002.

 Assay Results Received For IKI 2008 Drilling - Cosby Walker Project --------------------------------------------------------------------------                                                                Gold (g/t)                                                           ----------------                                       From      To  Width   Cut to Hole No.  Section Zone                  (m)     (m)    (m)  30 g/t   Uncut -------------------------------------------------------------------------- CW-08-001 7000 E  IP      NSV -------------------------------------------------------------------------- -------------------------------------------------------------------------- CW-08-002 6200 E  Cosby 1           283.00  297.00  14.00     0.96    0.96 --------------------------------------------------------------------------                           including 292.00  293.16   1.16     2.52    2.52 --------------------------------------------------------------------------                   Cosby 2           408.00  410.00   2.00     3.70    3.70 -------------------------------------------------------------------------- 

Fire Assaying of samples from the Cosby-Walker property was carried out by Swastika laboratories of Kirkland Lake, Ontario.

The Qualified Person on IKI’s Cosby-Walker property is Mr. Fred Sharpley, P.Geo., of Kirkland Lake , Ontario, and he has reviewed the contents of this release.

ON BEHALF OF THE COMPANY

Dan M. Clark, President

The forgoing information may contain forward-looking statements relating to the future performance of the Company. Forward looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company’s filings with the appropriate regulatory authorities. We seek safe harbour.

Shares Issued: 19,610,868

Restricted Shares: Nil

Stock Options: 414,000 @ $0.175 & 1,346,000 @ $0.12

Warrants: 4,071,190 @ $0.16 to $1.10

The TSX Venture Exchange neither approves nor disapproves of the information contained herein.

 Contacts: International Kirkland Minerals Inc. Dan M. Clark President (604) 681-3170 (604) 681-3552 (FAX) Website: www.internationalkirkland.com

SOURCE: International Kirkland Minerals Inc.




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