KIV Kivalliq Energy Corporation (delisted)

Kivalliq Energy Corporation (TSX VENTURE: KIV) 

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Kivalliq Energy Corporation (TSX VENTURE: KIV) ("Kivalliq") today announced the
closing of the first tranche of the Non-Brokered Private Placement ("Placement")
financing announced July 2, 2014. Kivalliq has issued 2,300,000 units ("Units")
at a price of $0.22 per Unit for gross proceeds of CDN$506,000. 


Kivalliq expects to close the second and final tranche of this financing, by
issuing approximately an additional 2,700,000 Units for gross proceeds of
CDN$594,000, on or about July 18, 2014, not July 2, 2014 as previously
announced. The closing is subject to receipt of applicable regulatory approvals.



Securities issued under the Placement are subject to a hold period which will
expire four months and a day from the date of closing, being November 5, 2014.
Each Unit consists of one common share issued on a "flow-through basis" (a "FT
Share") pursuant to the Income Tax Act (Canada) and one-half of one
non-transferable non-flow-through common share purchase warrant (a "Warrant").
Each whole Warrant will be exercisable into a non-flow-through common share of
Kivalliq (a "Warrant Share") for a period of 24 months from the Closing Date at
an exercise price of $0.28. 


The Warrants will be subject to an acceleration clause, whereby, if the weighted
average trading price of Kivalliq's shares on the TSX Venture Exchange (the
"Exchange") is at a price equal to or greater than $0.50 for a period of 20
consecutive trading days, Kivalliq will have the right to accelerate the expiry
date of the Warrants. Kivalliq will give written notice to the holders of the
Warrants that the Warrants will expire within 30 days of the date of notice to
the Warrant holders. Such notice by Kivalliq to the holders of the Warrants may
not be given until 4 months and one day after the Closing. 


Kivalliq will use the net proceeds from this financing to fund mineral
exploration in Saskatchewan and the Nunavut Territory, Canada.


About Kivalliq Energy Corporation

Kivalliq Energy Corporation (TSX VENTURE: KIV) is a Vancouver-based company
exploring for uranium on the 491,154 acre Genesis Property located northeast of
Saskatchewan's Athabasca Basin. In addition, Kivalliq holds Canada's
highest-grade uranium resource outside of Saskatchewan. Its flagship project,
the 304,257 acre Angilak Property in Nunavut Territory, hosts the Lac 50 Trend
with a NI 43-101 Inferred Resource of 2,831,000 tonnes grading 0.69% U3O8,
totaling 43.3 million pounds U3O8. Kivalliq's comprehensive exploration programs
continue to advance the Lac 50 Trend and demonstrate the "District Scale"
potential of the Angilak Property. 


Kivalliq's team of northern exploration specialists recently entered into a
property option agreement with Westham Resources Corp. (TSX VENTURE: WHR) to
explore the Genesis uranium property in Saskatchewan. Kivalliq has also forged
strong relationships with sophisticated resource sector investors and Angilak
Property partner Nunavut Tunngavik Inc. ("NTI"). Kivalliq was the first company
to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in
Nunavut Territory, Canada and is committed to building shareholder value while
adhering to high levels of environmental and safety standards and proactive
local community engagement.


On behalf of the Board of Directors

"Jim Paterson"

James R. Paterson, CEO
Kivalliq Energy Corporation

Kivalliq Energy Corporation is a member of the Aurora Mineral Resource Group of
companies, for more information please visit www.auroraresource.com.


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 release.


Certain disclosures in this release constitute forward-looking statements that
are subject to numerous risks, uncertainties and other factors relating to
Kivalliq's operations as a mineral exploration company that may cause future
results to differ materially from those expressed or implied in such
forward-looking statements, including risks as to the completion of the plans
and projects. Readers are cautioned not to place undue reliance on
forward-looking statements. For disclosure related to the inferred resource for
the Lac 50 Trend uranium deposit, please refer to Kivalliq's news release of
March 1, 2013. Other than as required by applicable securities legislation,
Kivalliq expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events, or otherwise.



FOR FURTHER INFORMATION PLEASE CONTACT: 

Kivalliq Energy Corporation 
www.kivalliqenergy.com

Investor Relations 
1.888.331.2269
604.646.4527
info@kivalliqenergy.com

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