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West Kirkland Mining

Published : August 16th, 2017

Announces Closing Of Non-Brokered Private Placement For $1,447,500

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West Kirkland Mining INC.

Not for dissemination in the United States or to United States newswire services

WEST KIRKLAND MINING ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT FOR $1,447,500

August 16, 2017

VANCOUVER, BRITISH COLUMBIA, August 16, 2017 � West Kirkland Mining Inc. (WKM:TSXV) (�West Kirkland� or the �Company�) announces that it has closed a private placement of common shares of the Company with three shareholders for $1,447,500 at $0.075 per share (the �Private Placement�).

The Company issued 19,300,000 shares at a price of $0.075 per share for aggregate gross proceeds of $1,447,500.  There were no finder�s fees or commissions paid on the Private Placement which was arranged by management with three of the Company�s large shareholders.  Following the Private Placement, Sun Valley Gold Master Fund, Ltd. and Ruffer LLP, on behalf of its clients, will hold approximately 33.71% and 16.99% respectively of the common shares of the Company.  A third shareholder will beneficially own approximately 9.9% of the common shares of the Company following the Private Placement.

The Company intends to use the net proceeds of the Private Placement for general working capital, targeted resource expansion drilling, regional exploration, and phase two permitting on its 75% interest in the Hasbrouck Project in Nevada.  Clover Nevada LLC, a wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman, LP, (�Waterton�), owns the remaining 25% interest in the Hasbrouck Project.  Waterton has been funding their 25% share of project expenditures since September, 2016

The shares sold in this Private Placement will be subject to a four-month resale restriction from the date of closing. 

The securities offered pursuant to the Offerings have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About West Kirkland Mining Inc.

West Kirkland owns a 75% interest in, and a 1.1% net smelter return royalty over the Hasbrouck Gold Project in Tonopah, Nevada. A Pre-feasibility Study was completed and updated in 2016 for two open-pit heap-leach mines comprising the Hasbrouck Gold Project.  The Pre-feasibility Study along with construction-level drawings and all federal and state permits for the phase-one Three Hills Mine provides a ready-to-construct project.  Permitting for the phase-two Hasbrouck Mine is well advanced.

On behalf of West Kirkland Mining Inc.
R. Michael Jones
Chief Executive Officer

For further information, please see the Company�s website at www.wkmining.com or contact us by email at info@wkmining.com.

Investor Relations:
Rob Bruggeman
(416) 884-3556 / rbruggeman@wkmining.com 

Authors and Qualified Persons Statement

Sandy McVey, P.Eng., Chief Operating Officer for West Kirkland, and a non-independent Qualified Person as defined by NI 43-101, has reviewed the technical information contained in this news release and has verified the relevant data. Quality Control and Assay information is as previously disclosed in the Company�s technical reports.

Disclaimer for Forward-Looking Information

This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: �believe�, �expect�, �anticipate�, �intend�, �estimate�, �postulate� and similar expressions, or are those, which, by their nature, refer to future events.  Forward-looking information in this news release includes, without limitation, the intended use of proceeds, the statements regarding the ability to achieve the recoveries and the processing capacity of the mines; regulatory processes and permitting; estimates of gold or other minerals grades; anticipated costs, anticipated sales, project economics, the realization of expansion and construction activities and the timing thereof; production estimates and other statements that are not historical facts. Information concerning mineral resource/reserve estimates and the economic analysis thereof contained in the prefeasibility study are also forward-looking statements in that they reflect a prediction of the mineralization that would be encountered, and the results of mining it, if a mineral deposit were developed and mined. Although West Kirkland believes that such timing and expenses as set out in this press release are reasonable, it can give no assurance that such expectations and estimates will prove to be correct.  The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the market for gold or other minerals that may be produced generally, significant increases in any of the machinery, equipment or supplies required to develop and operate a mine, a significant change in the availability or cost of the labor force required to operate a mine, a significant increases in the cost of transportation for the Company�s products, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's ability to obtain any necessary permits, consents or authorizations required for its activities, to raise the necessary capital or to be fully able to implement its business strategies and other risks associated with the exploration and development of mineral properties.  The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.

Cautionary Note to U.S. Investors Regarding the Use of Mining Terms
This press release has been prepared in accordance with the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws.  Unless otherwise indicated, all resources and reserve estimates included in this press release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (�NI 43-101�) and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves.  NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the U.S. Securities and Exchange Commission (the �SEC�) Industry Guide 7, and resource or reserve information contained herein may not be comparable to similar information disclosed by U.S. companies.  In particular, and without limiting the generality of the foregoing, �resources� and �reserves� established under NI 43-101 standards may not qualify as �resources� and �reserves� under U.S. standards.  Under U.S. standards, mineralization may not be classified as a �reserve� unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made.  In addition, under U.S. standards, a �Final� or �Bankable� feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. Disclosure of �contained ounces� in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute �reserves� by SEC standards as in-place tonnage and grade without reference to unit measures. Accordingly, information concerning mineral deposits set forth in this press release may not be comparable with information made public by companies that report in accordance with U.S. standards.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Bentall Tower 5 Suite 788 - 550 Burrard Street Vancouver, BC Canada V6C 2B5

West Kirkland Mining

CODE : WKM.V
ISIN : CA9535551092
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West Kirkland Mining is a exploration company based in Canada.

West Kirkland Mining is listed in Canada. Its market capitalisation is CA$ 140.2 millions as of today (US$ 139.0 millions, € 88.7 millions).

Its stock quote reached its highest recent level on December 31, 2010 at CA$ 1.70, and its lowest recent point on June 14, 2019 at CA$ 0.03.

West Kirkland Mining has 326 089 984 shares outstanding.

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Financings of West Kirkland Mining
1/31/2013Arranging for New Significant Investor to Participate in Fin...
Project news of West Kirkland Mining
2/24/2014Reports Increased and Upgraded Resources at Hasbrouck and Th...
4/25/2013Reports Metallurgical Assays and Exploration Results
10/18/2012’s TUG Gold Project Advances, Partner Elects to Acquire Mine...
9/26/2012Drills New Gold Zone Near TUG Deposit, Long Canyon Trend, Ne...
9/7/2012Rathdowney Resources, Mawson Resources and West Kirkland Min...
8/20/2012Rathdowney Resources and West Kirkland Mining Investors Foru...
7/31/2012Commences Drilling on Long Canyon Trend
7/16/2012Files TUG Resource Estimate on SEDAR
6/2/2012Estimates TUG Deposit at 679,000 AuEq oz Inferred
6/1/2012Announces Initial Near Surface Gold Resource
4/23/2012Exploration Update and Plans
2/23/2012Expands Nevada Drill Campaign to New Targets in Long Canyon ...
1/19/2012Join West Kirkland Mining at the Vancouver Resource Show, Ja...
10/3/2011Drills 16.15 g/t Gold Over 5.0 Meters in New Discovery at Ki...
9/8/2011Mobilizes Drill to Bullion Mountain Project, Cortez Area, Ne...
8/16/2011Intercepts 7.88 g/t Gold Over 2.41 Meters Within 1.04 g/t Go...
7/19/2011Initial Gold Intercept for West Kirkland in the Long Canyon ...
6/23/2011Drilling Update: Continued Gold Intercepts in Kirkland Lake
3/24/2011Drilling Update
Corporate news of West Kirkland Mining
4/12/2016West Kirkland Mining Update And Grant Of Incentive Stock Opt...
4/7/2016Eastfield Resources Corporate Update
12/31/2015West Kirkland Announces and Closes a Non Brokered Private Pl...
11/27/2015WEST KIRKLAND OBTAINS FEDERAL PERMIT TO CONSTRUCT AND OPERAT...
11/27/2015IIROC Trading Resumption - WKM, WKM.WT
11/27/2015IIROC Trading Halt - WKM, WKM.WT
3/9/2015West Kirkland’s Project Update Highlights Increased Gold Rec...
3/9/2015West Kirkland's Project Update Highlights Increased Gold Rec...
1/27/2015West Kirkland Intercepts 16.8 Meters of 1.24 Grams Per Tonne...
12/3/2014West Kirkland Achieves 81% Gold Recovery On Run-Of-Mine Bulk...
11/25/2014West Kirkland Submits Mine Plan Of Operations For Three Hill...
11/21/2014West Kirkland Cuts 39.6 Meters Of 1.36 Grams Per Tonne Gold ...
11/17/2014West Kirkland Cuts 39.6 Meters of 1.36 Grams Per Tonne Gold ...
10/22/2014West Kirkland Continues Exploration Drilling At Hasbrouck Pr...
9/9/2014West Kirkland Cuts 50.29 Meters of 0.73 Grams Per Tonne Gold...
6/25/2014West Kirkland Mining Announces Grant of Incentive Stock Opti...
6/12/2014West Kirkland Fast-Tracks Bulk Sample to Confirm Run-of-Mine...
6/3/2014West Kirkland Commences Exploration and Prefeasibility Study...
4/23/2014West Kirkland Completes Acquisition of Hasbrouck and Three H...
4/17/2014IIROC Trading Resumption - WKM
4/17/2014IIROC Trading Halt - WKM
4/9/2014IIROC Trading Resumption - WKM
4/9/2014IIROC Trading Halt - WKM
10/28/2013Extends Agreement with Rubicon Minerals
9/30/2013Files TUG Resource and Preliminary Economic Assessment on SE...
8/1/2013Reports Resource and Preliminary Economic Assessment on its ...
5/22/2013(TSX.V:WKM) - Letter from CEO, R. Michael Jones – 2012 Year ...
3/11/2013Continues Drilling on Targets in Long Canyon Trend, Nevada a...
2/7/2013Closes Private Placement for Gross Proceeds of $5.6 Million
1/25/2013Cocktail Invite (Round-Up) Monday, January 28-- 4:00-8:00 p....
11/12/2012| Thursday November 22nd, 2012
7/3/2012Reports Surface Gold at 12 Mile
4/4/2012Expands TUG Gold Deposit and Adds to Regional Targets in Lon...
1/16/2012Cuts More High Grade Gold at Cunningham Property
12/8/2011Reports Expanded Gold Mineralization at TUG Property, Long C...
9/12/2011Cuts 1.55 g/t Gold and 58.52 g/t Silver Over 22.56 Meters at...
6/27/2011and Rubicon Minerals Announce an Agreement on Large Claim Bl...
4/14/2011Adds to Its Technical Team and Commences Drilling in Nevada
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