ESKAY MINING CORP. ("Eskay" or the "Company") (TSX VENTURE:ESK)(FRANKFURT:878
985)(BERLIN:878 985) wishes to announce that further to its press release of
July 5, 2010, the Company has completed the sale of a further 775,000 working
capital units (the "WC Units") priced at $0.20 per WC Unit for gross proceeds of
$155,000 (the "WC Offering") and the sale of a further 100,000 FT Units priced
at $0.25 per FT Unit for gross proceeds of $25,000.


The Company closed an aggregate of $2,729,000 of FT Units and $367,010 of WC Units. 

Mac Balkam CEO states "Our camp is now open at the SIB Property and drilling
will commence shortly. We are very pleased to have raised sufficient funds to
undertake an extensive exploration and drilling program on the SIB/ Lulu
ground."


The Company also wishes to announce that the previously announced 3D geophysical
compilation study has been completed and is currently being used to evaluate
drilling target enhancements.


All of the securities referred to herein are legended and restricted from
trading until at least November 16, 2010.


Five insiders of the Company subscribed for an aggregate of 100,000 FT Units for
proceeds of $25,000 and 375,000 WC Units for proceeds of $75,000. The insider
private placements are exempt from the valuation and minority shareholder
approval requirements of Multilateral Instrument 61-101 ("MI61-101") by virtue
of the exemptions contain in section 5.5(a) and 5.7(1) (a) of MI 61-101 in that
the fair market value of the consideration for the securities of the Company
issued to insiders did not exceed 25% of its market capitalization.


The current issued and outstanding capital is 86,600,111, after the above
mentioned issuance of shares.


Cautionary Note Regarding Forward-Looking Statements: This Press Release
contains forward-looking statements that involve risks and uncertainties, which
may cause actual results to differ materially from the statements made. When
used in this document, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "estimate", "expect" and similar expressions
are intended to identify forward-looking statements. Such statements reflect our
current views with respect to future events and are subject to such risks and
uncertainties. Many factors could cause our actual results to differ materially
from the statements made, including those factors discussed in filings made by
us with the Canadian securities regulatory authorities. Should one or more of
these risks and uncertainties, such actual results of current exploration
programs, the general risks associated with the mining industry, the price of
gold and other metals, currency and interest rate fluctuations, increased
competition and general economic and market factors, occur or should assumptions
underlying the forward looking statements prove incorrect, actual results may
vary materially from those described herein as intended, planned, anticipated,
or expected. We do not intend and do not assume any obligation to update these
forward-looking statements, except as required by law. Shareholders are
cautioned not to put undue reliance on such forward-looking statements.
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