KSK

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES


Kiska Metals Corporation is pleased to announce that the private placement
announced July 21, 2010 has been increased in size to approximately $6.0
million, from the $4 million originally contemplated. 


Each unit, priced at $0.82, consists of one common share and one half of one
non-transferable share purchase warrant. Each whole warrant entitles the holder
to purchase, for a period of twenty-four months from the closing of the private
placement (the "Closing"), one common share at a price of $1.15 per share. 


The net proceeds from the Offering will be used to fund further exploration of
the Whistler project, to fund exploration of the Company's other mineral
properties, and for general corporate purposes.


The common shares and warrants comprising the units and the common shares
issuable upon exercise of the warrants will be subject to a four-month hold
period under applicable Canadian securities laws. Closing is expected to be on
or about August 10, 2010. A commission of 6% of the total gross proceeds
realized from the placement is payable in cash together with that number of
agent's warrants as is equal to 6% of the number of units placed. The current
private placement will now also include a non-brokered portion totalling
approximately $2.0 million dollars on the same terms described above.


About Kiska Metals Corporation

Kiska Metals Corporation is a mineral exploration company focused on advancing
the Whistler Project, Alaska, which includes a multi-million ounce gold-copper
resource and excellent exploration potential. Kiska has renowned technical
expertise and a quality exploration portfolio with numerous early stage
exploration opportunities around the world, some held in partnership with a
selection of the world's largest and most successful gold and base metal
producers. Kiska resulted from the merger of Rimfire Minerals Corporation and
Geoinformatics Exploration in August 2009.


On behalf of Kiska Metals Corporation

Jason Weber, P.Geo., President & CEO

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD
IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.


CAUTIONARY STATEMENT: This News Release includes certain "forward-looking
statements". Other than statements of historical fact, all statements included
in this release, including, without limitation, statements regarding future
plans and objectives of Kiska Metals Corporation, are forward-looking statements
that involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from Kiska's
expectations are the risks detailed herein and from time to time in the filings
made by Kiska Metals Corporation with securities regulators. Those filings can
be found on the Internet at http://www.sedar.com and http://www.sec.gov/edgar.

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