04:00 PM EST - Kaminak Gold Corp. : announced that it has signed a letter of agreement with Avasca Inc. on Kaminak's Nizi Creek Gold-Silver Property located near Cry Lake, British Columbia. Avasca has the right to earn a 51% project interest by making exploration expenditures totaling $2 million and staged share payments totaling 400,000 units to Kaminak by December 31, 2011. Kaminak Gold Corp.
shares V.KAM are trading down 2 cents at $0.22.
