Mr. Timothy Beale reports

IRON CREEK PROVIDES UPDATE ON KINROSS MINERA CHILE LIMITADA'S EXPLORATION ACTIVITIES AT THE LAS PAMPAS PROJECT

Iron Creek Capital Corp. has provided an update on Kinross Minera Chile Ltda.'s exploration activities at Iron Creek's Las Pampas project in northern Chile.

Over the last three months, geological mapping by Kinross confirmed potential for gold-silver veins along the Cerritos trend and possibly Acarreos, and identified a new area of interest at the southern end of the property at Cerro Jarosita. Kinross also continued sampling activities started by Iron Creek and submitted samples to laboratories. Kinross plans to continue detailed geological mapping, trenching and rock chip sampling at Las Pampas, located to the south of Yamana Gold's El Penon and Fortuna mines.

Kinross is a wholly owned subsidiary of Kinross Gold Corp. and has the sole and exclusive option and right to acquire up to a 75-per-cent undivided interest in Iron Creek's Las Pampas mining concessions, located in northern Chile, by complying with the terms and conditions set out in the option agreement signed in April, 2014. Further details of the agreement can be found in Iron Creek's news releases dated Aug. 8, 2013, and April 14, 2014.

Update on exploration activities at las pampas

Since signing the agreement, Kinross has set up a field base out of the northern port city of Antofagasta in order to support field activities at Las Pampas. About 3,200 soil/colluvial samples, previously collected by Iron Creek, were submitted to the ALS analytical laboratory in La Serena. These soil/colluvial samples were part of an infill program covering an approximately 10-kilometre-by-two-kilometre arsenic and antimony anomaly along the Cerritos trend highlighted from previous regional sampling campaigns undertaken by Iron Creek. Further, over 400 soil/colluvial, rock chip and float samples collected by Kinross from the project area were also sent for geochemical analysis. Kinross has also completed detailed geological mapping campaigns over parts of the project area, using both in-house and consultant geologists, including an analysis of the structural framework and hydrothermal alteration patterns.

Preliminary results from the geological mapping to date have confirmed the importance of the Cerritos Sur, Cerritos Norte and Cerros Bayos series of low hills as having prospectivity for gold-silver veins. The hills represent a series of small, uplifted fault blocks that lie along one of the principal geochemical anomalies within the project area -- the Cerritos trend -- mostly defined by arsenic and antimony anomalies -- two of the key pathfinder elements in epithermal, low-sulphidation vein systems.

Cerritos Sur:

This is a key area previously identified by Iron Creek geologists showing a distinct consistency in the continuity of veins that appear to be of epithermal low-sulphidation to intermediate-sulphidation type, coinciding with broad areas of vein float and the presence of hydrothermal breccias. Minor gold and silver drill intercepts were previously reported by Iron Creek in this area.

Cerritos Norte:

Continuous, narrow, subparallel quartz veins are present at Cerritos Norte, and wide drill intercepts of anomalous silver with sporadic gold were previously reported by Iron Creek from this area. Kinross concludes that more mapping is recommended to try and develop further potential.

Cerros Bayos:

Surficial sinter and/or chalcedonic silica replacement of volcano-sedimentary units at Cerros Bayos may be related to targets further to the east.

The Acarreos area is characterized by significant arsenic and lesser antimony soil/colluvial anomalies from previous work carried out by Iron Creek, together with several areas of quartz vein float, thought to indicate possible underlying vein potential.

Acarreos Sur:

Kinross geologists have noted gossanous jarosite-silica alteration associated with high arsenic anomalies. The alteration anomaly can be seen consistently in a narrow, elongate zone about 50 metres by 1,200 metres in size, which has been interpreted as the weathered expression of sulphide-rich feeders.

Kinross geologists have carried out transects and more detailed mapping on 100-metre line spacing traversing the breadth of the Las Pampas concessions around the target areas identified by Iron Creek. A new area of interest has been discovered at Cerro Jarosita, at the southern end of the property.

Cerro Jarosita:

This target area consists of a hydrothermal alteration footprint covering approximately 1.2 kilometres by 0.3 kilometre, displaying pervasive opaline silica replacements with associated iron oxide boxworks and oxidized sulphide veinlets. Initial interpretations suggest the possibility of encountering the shallow exposure levels of epithermal veins.

Kinross plans to continue the detailed geological mapping already initiated, complemented by additional trenching and rock chip sampling of altered outcrops. A consultant geochemist will also be contracted to help interpret the voluminous geochemical data available for the project.

About Las Pampas property

Iron Creek's 100-per-cent-owned Las Pampas property is an approximately 50,000-hectare land package located in an exceptional position along the highly prospective Palaeocene mineral belt in northern Chile. The property is centred along strike and approximately 35 kilometres southwest of the multimillion-ounce gold and silver mining district at El Penon and related deposits. Previous exploration activities by Iron Creek and its previous partners, including drilling, have returned excellent geological, geochemical and geophysical results indicative of low-sulphidation epithermal bonanza precious metals veins -- the main target type sought -- together with evidence for possible disseminated precious metal targets and deep porphyry copper targets. Further details can be obtained from Iron Creek's website.

Dr. Demetrius Pohl, PhD, certified professional geoscientist (CPG), an independent consultant, is the company's qualified person for the purposes of National Instrument 43-101, standards of disclosures for mineral projects, and has approved the written disclosure of the technical information contained in this news release.

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