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Re:   Kiska News - Wednesday, September 16, 2009
      Kiska Metals Closes Private Placement
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KSK09-05

Vancouver, BC -- September 16, 2009: Jason Weber, P.Geo., President and
CEO of Kiska Metals Corporation ("Kiska") is pleased to announce that
Kiska has closed the brokered private placement of 9,000,000 units at
$0.55 for gross proceeds of $4,950,000 announced on August 26, 2009.
The financing was completed through a syndicate of agents comprised of
Haywood Securities Inc. and Research Capital Corporation. 

Each unit consisted of one common share and one half of one
non-transferable share purchase warrant. Each whole warrant entitles
the holder to purchase one common share at a price of $0.80 per share
until March 16, 2011. The terms of the warrants provide that if, during
the term of any unexercised warrant commencing on January 17, 2010, the
closing price of the common shares of the Company on any exchange is
greater than $1.10 for a period of 20 consecutive trading days the
Company may, at its option and by notice in writing to each holder,
require the holder of the warrant to exercise such warrant within 30
days, failing which the warrant will be deemed to have expired. The
units issued under the offering are subject to a four-month hold period
expiring on January 17, 2010. 

A cash commission of 6% of the total gross proceeds realized from the
placement was payable in cash together with 540,000 agent's warrants,
equal to 6% of the number of units placed. Each agent's warrant will
entitle the holder to purchase one common share at a price of $0.80 per
share until March 16, 2011

The proceeds from the private placement financing will be used for
exploration of the Company's Whistler Project in Alaska and for general
corporate purposes.

About Kiska Metals Corporation
Kiska Metals Corporation is the recent combination of two international
mineral exploration companies, both with renowned technical expertise
and sizable exploration portfolios. Bringing Rimfire Minerals
Corporation and Geoinformatics Exploration together has created a
company which enjoys the benefits of ownership of the multi-million
ounce Whistler gold deposit, numerous exciting early stage exploration
opportunities around the world, and partnerships with some of the
world's largest and most successful gold producers.



On behalf of Kiska Metals Corporation

"Jason Weber"

Jason Weber, P.Geo., President & CEO








THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED
HEREIN.  THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES
LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S.
PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.


CAUTIONARY STATEMENT:  No stock exchange, securities commission or
other regulatory authority has approved or disapproved the information
contained herein.  This News Release includes certain "forward-looking
statements".  Other than statements of historical fact, all statements
included in this release, including, without limitation, statements
regarding future plans and objectives of Kiska Metals Corporation, are
forward-looking statements that involve various risks and
uncertainties.  There can be no assurance that such statements will
prove to be accurate, and actual results and future events could differ
materially from those anticipated in such statements.  Important
factors that could cause actual results to differ materially from
Kiska's expectations are the risks detailed herein and from time to
time in the filings made by Kiska Metals Corporation with securities
regulators.  Those filings can be found on the Internet at
http://www.sedar.com and http://www.sec.gov/edgar.

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Copyright (c) 2009 KISKA METALS CORPORATION (RFM)  All rights reserved.
 For more information visit our website at http://www.kiskametals.com/
or send mailto:info@kiskametals.com
Message sent on Thu Sep 17, 2009 at 8:18:02 AM Pacific Time
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