Makena Resources : Makena amends Flow Through Private Placement to $0.145

Makena Resources Inc. ("MKN", "Makena" or the "Company") (MKN-TSX Venture) is amending a non-brokered private placement previously announced on October 23. The new terms of the placement will be up to one million units at $0.145 per unit for gross proceeds of $145,000. Each unit will consist of one common share and one transferable non flow through share purchase warrant exercisable at $0.20 per share for a period of five years, subject to approval of the TSX Venture Exchange ("TSX.V").

Proceeds of the flow through offering are expected to be used towards our existing properties, including the Athabasca Uranium Prospect "Patterson Claims". A finder's fee may be paid in accordance with TSX Venture Exchange policy.

MKN recently acquired the Patterson Uranium Prospect, which may be prospective for uranium consisting of three claim blocks totaling 6,687 hectares (16,524 acres), which are all located in the Athabasca Basin. The west block directly borders the recent discovery on the Patterson Lake South Property by Alpha Minerals Inc. (AMW-TSX.V) and Fission Energy Corp. (FCU-TSX.V). The other two blocks are in the direct vicinity of the discovery (please refer to maps on the Company's website www.makenaresourcesinc.com)

Makena also holds a 50% interest the Clone property in Stewart, BC. To date, Makena has achieved significant drill results that returned grades of 12.80 m (42ft) of 44.75g/t (1.305oz/t)(12/22/09) gold values including 4.87m (16 ft) of 76.80g/t (2.240oz/t) and a 102 tonne bulk sample that returned grades 4 oz/t or 139.2 g/t gold (10/22/11) over the 102 individually tested tonne samples.

Contact Information
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"Negar Adam"
President, Director
Makena Resources Inc.

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 press release.