ESK Eskay Mining Corp

Eskay Mining Corp. ("Eskay" or the "Company") (TSX VENTURE:ESK) is pleased to
announce that the Company has completed the final tranche of its private
placement. 


Eskay has issued 186,626 units (the "Units") priced at $0.11 per Unit for gross
proceeds of $20,528.92. Each Unit consists of one (1) common share (the "Common
Share") and one-half (1/2) of a share purchase warrant (a "Warrant"). Each full
Warrant entitles the holder to acquire a further Common Share of the Company at
a price of $0.20 per Common Share until the earlier of: (i) the date which is
twelve (12) months following closing; and (ii) in the event that the closing
price of the Common Shares on the TSX Venture Exchange is at least $0.30 for ten
(10) consecutive trading days, and the 10th trading day (the "Final Trading
Day") is at least four (4) months from the closing date, the date which is
thirty (30) days from the Final Trading Day. 


A total of 7,280 broker warrants to acquire Common Shares at a price of $0.20
per share for a period of twelve (12) months from closing were issued in
relation to this closing. All of the securities referred herein are legended and
restricted from trading until at least February 7, 2012. The issued and
outstanding capital is 89,918,555 after the above mentioned issuance of shares. 


About Eskay Mining Corp:

Eskay Mining Corp (TSX VENTURE:ESK) is a TSX Venture Exchange listed company,
headquartered in Toronto, Ontario. Eskay is an exploration company focused on
the exploration and development of precious and base metals in British Columbia
in a highly prolific, poly metallic area known as the Eskay Rift Belt located in
the "Golden Triangle", 70km northwest of Stewart, BC. The company currently
holds mineral tenures in this area comprised of 177 claims (130,000 acres). 


All material information on the Company may be found on its website at
www.searchminerals.ca and on SEDAR at sedar.com.


Cautionary Statement:

The following presentation may include certain "forward-looking statements"
within the meaning of the United States Private Litigation Reform Act of 1995
and applicable Canadian Securities Laws. All statements other than statements of
historical fact, included in the presentation, including without limitation,
statements regarding potential mineralization and reserves, exploration results,
and future plans and objectives of Search Minerals, are forward-looking
statements. Words such as "expect", "anticipate", "estimate", "may", "will",
"should", "intend", "believe" and other similar expressions are forward-looking
statements. Forward-looking statements are not guarantees of future results and
conditions but rather reflect our current views with respect to future events
and are subject to risks, uncertainties, assumption and other factors, and
actual results and future events could differ materially from those anticipated
in such statements. There can be no assurance that such forward-looking
statements will prove to be accurate. We base our forward-looking statements on
information currently available to us and we do not assume any obligation to
update them, except as required by law.


An additional Cautionary Note to Investors: In the event that we use certain
terms in this presentation such as "resource", "measured resource", "indicated
resource" and "inferred resource". US investors are cautioned that, while such
terms are recognized and required by Canadian Securities Laws, the United States
Securities and Exchange Commission does not recognize them. Under U.S.
standards, mineralization may not be classified as a "reserve" unless the
determination has been made that the mineralization could be economically and
legally produced or extracted at the time the reserve determination has been
made. U.S. investors should not assume that all or any part of measured or
indicated resources will ever be converted into reserves. In addition, "inferred
resources" have a greater amount of uncertainly as to their existence and as to
whether they can be mined legally or economically. Accordingly, information
concerning descriptions of mineralization in the presentation may not be
comparable to information made public by companies that are subject to the SEC's
Industry Guide 7.


For further details of the Company's procedures and policies for data
verification, the reader is referred to the Company's news releases and other
material information available on the Company's website at www.eskaymining.com
or on SEDAR at www.sedar.com.

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