cnw


/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES

OR DISSEMINATION IN THE UNITED STATES/




VANCOUVER, March 23 /CNW/ - Kiska Metals Corporation (TSX-V:KSK)
("Kiska" or the "Company") announces that it has completed an offering
of 15,065,000 units (the "Units") of the Company, which includes the
full exercise of the underwriters' over-allotment option of 1,965,000
Units, at a price of $1.15 per Unit for gross proceeds of $17,324,750
(the "Offering"). The Offering was underwritten by a syndicate of
underwriters led by Raymond James Ltd. and including National Bank
Financial Inc., Mackie Research Capital Corporation, Scotia Capital
Inc., and Union Securities Ltd.


Each Unit consists of one common share of the Company ("Common Share")
and one half of one Common Share purchase warrant (each full Common
Share purchase warrant, a "Warrant"). Each Warrant entitles the
purchaser to acquire, at any time until March 23, 2013, one Common
Share at an exercise price of $1.60.


The net proceeds are intended to be used to further advance exploration
on targets within the Whistler Project in Alaska, and for general
corporate purposes. A commission of 6% of the total gross proceeds
realized from the placement was paid to the underwriters.


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"


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: No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information
contained herein. 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.sec.gov/edgar.









For further information: 575-510 BURRARD ST. VANCOUVER, BC, CANADA V6C 3A8 TEL: 604.669.6660 FAX: 604.669.0898 http://www.kiskametals.com/">WWW.KISKAMETALS.COM TSX-V: KSK CONTACT: DREW MARTEL (INVESTOR RELATIONS) or JASON WEBER