Kivalliq Energy Corp. announced a significant increase in the NI 43-101 compliant mineral resource estimate for the Lac 50 Trend uranium deposits, located within Kivalliq's 340,268 acre Angilak Property in Nunavut, Canada. Kivalliq has received a summary report from Robert Sim, P.Geo.

of SIM Geological Inc. that describes an inferred mineral resource estimate of 2,831,000 tonnes grading 0.69% U3O8 (15.2 lbs U3O8/tonne), totaling 43.3 million lbs U3O8 at a 0.2% U3O8 cut-off grade. This is a 60% increase over the previous resource estimate of 27.1 million pounds. Resource models were generated using drill core sample assay results and interpretation of a geological model relating to spatial distribution of uranium deposits within the Lac 50 Trend, that is Lac Cinquante (Main, Eastern and Western Extension Zones), J4 and Ray deposits.

All assay and geological information was derived from work conducted by Kivalliq as part of exploration programs between 2009 and 2012 and available at December 31, 2012. At a base case cut-off grade of 0.2% U3O8, an inferred mineral resource is estimated at 2,831,000 tonnes grading 0.69% U3O8, containing 43.3 million lbs. U3O8.

For evaluation purposes, three additional metals: silver (Ag g/t), molybdenum (Mo %) and copper (Cu %) have also been estimated within the resource model. The increase in the inferred mineral resource from the previous 2012 estimate is primarily attributed to the addition of the newly-discovered J4 and Ray deposits, situated near surface and 1.8 kilometres along strike from the eastern margin of the Lac Cinquante Eastern Extension zone.