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Kivalliq Files NI 43-101 Technical Report on the Lac Cinquante Deposit, Nunavut

VANCOUVER, BRITISH COLUMBIA, Mar 01, 2012 (MARKETWIRE via COMTEX) -- Kivalliq Energy Corporation CA:KIV +1.85% today announced the completion and filing of a revised National Instrument 43-101 independent technical report updating the Company's Lac Cinquante Uranium Deposit at the Angilak Property, Nunavut, Canada.

The independent Technical Report was prepared by Apex Geoscience Ltd. with the updated Mineral Resource estimate for the Lac Cinquante Deposit contained therein prepared under the direction of SIM Geological Inc., following the guidelines of the Canadian Securities Administrators National Instrument 43-101 and Form 43-101F1.

The report titled "Technical Report and Resource Update for the Angilak Property, Kivalliq Region, Nunavut" will be filed on SEDAR and can be viewed on the SEDAR website, www.sedar.com , and/or the Kivalliq website, http://kivalliqenergy.com/projects/angilak/ .

The information in this release related to the independent Technical Report and the Mineral Resource estimate has been approved by Michael Dufresne, P.Geol., of Apex Geoscience Ltd., Robert Sim, P.Geo., of SIM Geological Inc. and Bruce Davis, FAusIMM of BD Resources Consulting Inc., who are independent Qualified Persons as defined under National Instrument 43-101. Jeff Ward, P.Geo., President of Kivalliq and a Qualified Person for the Company, has reviewed and approved the information contained in the Technical Report.