Compelling Drill Targets Identified at Kiska's Chuchi Project

VANCOUVER, BC--(Marketwired - December 03, 2015) - Kiska Metals Corporation ("Kiska" or the "Company") (TSX VENTURE: KSK) is pleased to report that a recently completed Induced Polarization ("IP") geophysical survey at its Chuchi project in north-central B.C. has returned significant chargeability and resistivity anomalies, which in conjunction with other geological data, indicate the potential footprint of a significant alkalic porphyry copper-gold deposit.

The anomalies cover the main BP Zone and extend from known zones of copper-gold mineralization into untested areas at surface and to depth, and identify new zones that have yet to be drilled. "This IP survey is the first modern exploration to be conducted over the BP Zone since it was discovered by drilling 25 years ago", stated Dr. Mike Roberts, V.P. Exploration for Kiska, "The historical drilling returned significant copper-gold mineralization within an alkalic porphyry system, and yet no modern work has been done to fully determine the extent of this mineralization or vector towards the higher grades. In particular, the historical drilling shows higher gold grades associated with zones of elevated pyrite mineralization and therefore these newly defined and strong chargeability anomalies within and flanking the intrusive centre at the BP Zone provide compelling drill targets." Kiska is currently seeking a partner to help advance this drill-ready project.

The road-accessible Chuchi Property hosts a copper-gold porphyry system in a prospective region of the Quesnel porphyry belt and is located only 32 km to the northwest of the Mt. Milligan copper-gold mine. The core of the property overlies a 12 km² alteration zone centered on a cluster of porphyritic monzonite stocks hosted by volcanic and sedimentary rocks. Drilling campaigns from 1989 to 1991 targeted coincident Cu-Au soil geochemical anomalies and chargeability high anomalies within this alteration zone, for a total of 13,030 metres from 79 drillholes. Drilling returned significant intervals of copper-gold mineralization and higher grade, gold-only mineralization over a 1.5 km by 1.5 km area referred to as the BP Zone, including: