Kiska .....1.00...............MC66
June 9, 2010
Kiska Metals Signs Two Agreements with Brixton Metals
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 9, 2010) - Kiska Metals Corporation (TSX VENTURE:KSK) ("Kiska" or "the Company") has signed an Option Agreement and Assignment of Option Agreement ("Assignment Agreement") with Brixton Metals Corporation ("Brixton").
Kiska has granted an exclusive option to Brixton to acquire a 51% interest in the 146 km2 Thorn Property, located 130 kilometres south of Atlin, British Columbia. In order to exercise the option, Brixton must make cash payments totaling $200,000 (including $25,000 on signing) and to issue a total of 400,000 shares on or before the third anniversary of the agreement. Work requirements under the option include a minimum of $1,000,000 in expenditures before the first anniversary and an additional $4,000,000 before the fourth anniversary of the agreement. After earning a 51% interest, Brixton may elect to increase its interest from 51% to 65% by spending an additional $10,000,000 in property expenditures within three years of this election.