Val-d’Or, Quebec, April 28, 2011 – Knick Exploration Inc. (TSX-V: KNX) (“Knick Exploration” or “the Company”) is pleased to announce that drill hole EW-11-30 on the Raven Gold Zone returned 6.1g/t gold over 6.7m (0.18oz/ton gold over 22.0 ft), down hole intercept from 73.60 to 80.30m. The 6.1g/t over 6.7m intercept represents an intersection of quartz veining and altered host rock. Sections within this intercept as well as other assays will be posted on the web site. http://www.knick.ca/projects/eastwest/ The 6.1g/t over 6.7m intersection is part of a gold shoot on the western wing of the Raven Gold Zone.
Preliminary assay results in conjunction with Knicks previous work suggests gold enrichment as sub-vertical shoots within the Raven Gold Zone. The western wings shoot includes 8.5g/t at surface, 4.98g/t over 2.25m at 17m vertical in hole EW-11-05 and 6.1g/t over 6.7m at 55m vertical in hole EW-11-30. Intercepts are down hole widths.
Metallic sieve and fire assays are pending.
At present data is being processed in anticipation of the Phase II drill program.
Samples are being sent to Expert Laboratory in Rouyn-Noranda, Quebec for analysis. Fire assay and metallic sieve methods are being implemented for analysis as deemed warranted.
Gordon N. Henriksen, P.Geo., Vice President of Knick Exploration, is the Company’s qualified person as defined by National Instrument 43-101. He has reviewed and approved the contents of this press release.
Neither TSX Venture Exchage nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This Press Release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.
President & CEO
Gordon N. Henriksen