KSK

Kiska Metals Corporation (TSX VENTURE: KSK) ("Kiska" or the "Company") reports that the Company has granted 1,735,000 incentive stock options to directors, officers and employees of the Company at a price of $1.35, expiring February 17, 2016. Individual grants exceeding 30,000 per person will vest over two years. Options are granted in accordance with the Company's Incentive Stock Option plan approved at the Annual General Meeting held June 23, 2010.

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.

On behalf of Kiska Metals Corporation

Jason Weber, P.Geo., President & CEO

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.

KSK11-02

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contacts: Kiska Metals Corporation Drew Martel Investor Relations 604.669.6660 Kiska Metals Corporation Jason Weber, P.Geo. President & CEO 604.669.6660 604.669.0898 (FAX) www.kiskametals.com