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Kivalliq Energy Corporation Commences Trading on TSX Venture Exchange

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July 7, 2008

Vancouver, B.C. – Kivalliq Energy Corporation (KIV: TSX-V) today announced that the company will begin trading on the TSX Venture Exchange at market open on Monday, July 7th, 2008, under the ticker symbol "KIV".  Further information about Kivalliq can be obtained on the company’s website, www.kivalliqenergy.com.

“It gives us great pleasure to present Kivalliq to the investment community,” stated John Robins, President & CEO of Kivalliq.  “Kivalliq offers investors an exciting and unique opportunity to participate in a compelling uranium project that is host to a high grade, near surface historical resource with exploration potential.”

Angilak Project

This unique Inuit partnership between Kivalliq and Nunavut Tunngavik Incorporated (“NTI”) awarded Kivalliq the right to explore and advance the near surface, historic Lac Cinquante Occurrence, reported to contain 11.6 million pounds of uranium oxide (non National Instrument 43-101 compliant)** with grades averaging 1.03% U3O8. In addition to Lac Cinquante, the 250,000 acre Angilak property also boasts numerous other untested prospects of uranium ± copper ± silver and gold. Kivalliq is the first company to be awarded the right to explore for uranium on privately-held Inuit Owned Lands in Nunavut.

Kivalliq’s Management Team

The Kivalliq team has a proven track record of discovery and over 75 years of combined geological and management expertise.  The team has been involved in all aspects of exploration ranging from grass roots exploration through to resource delineation and production.  Complementing their geological experience, the Kivalliq team brings a solid understanding of capital markets.

Rob Carpenter, Ph.D., P.Geo.  – Chairman & Director

John Robins, P.Geo. – President, CEO & Director

Jim Dawson, M.Sc., P.Eng. – Director

James R. Paterson – Director

Charles Chebry, B.Sc., CMA – CFO

Disclosure of a technical nature contained in this release has been reviewed and approved by Dr. Rob Carpenter, Ph.D., P. Geo., Chairman of Kivalliq, who is a Qualified Person for the purposes of National Instrument 43-101.

On behalf of the Board of Directors

“John Robins”

John Robins, P. Geo.
President and CEO
Kivalliq Energy Corporation

For further information about, Kivalliq Energy Corporation or this news release, please visit our website at www.kivalliqenergy.com or contact Tony Reda, Investor Relations, at toll free 1.888.331.2269 or directly at 604.646.4534.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

** The quoted disclosure for the Lac Cinquante Uranium  Occurrence was prepared by Aberford Resources Ltd.  This estimate is historical and should not be relied upon since it is not compliant to standards set out in National Instrument 43-101. However, it is relevant because: it is indicative of a mineralized zone worthy of follow up exploration as it is based on drilling exploration and development carried out by what is believed to be knowledgeable explorers in accordance with acceptable industry practices at the time of the estimate. A Qualified Person has not classified historical estimates as current mineral resources/reserves, and Kivalliq is not treating them as current mineral resources/reserves since work to date has not verified the historical estimates. Kivalliq has not done any work to confirm these estimates but will be planning exploration programs aimed at evaluating the economic potential of the deposit and environs. It is uncertain if further exploration will result in the deposit being delineated as a mineral resource.

Certain disclosures in this release, including management's assessment of plans and projects and intentions with respect to listings of securities, use of proceeds and future exploration programs, 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. 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.