Makena Resources : Makena Closes Final Tranche of Private Placement

Makena Resources Inc. ("MKN", "Makena" or the "Company") (MKN-TSX Venture) has closed the second and final tranche of a non-brokered private placement consisting of 963,333units at $0.12 per unit for gross proceeds of $115,600.Each unit consists of one common share and one transferable share purchase warrant exercisable at $0.18 per share for a period of five years. Finders' fees of $4,960 and 41,333 B warrants were paid in connection with this tranche of the private placement. Each B warrant is non-transferable and exercisable into one common share at $0.18 for five years from closing.The units and the B warrants in this private placement will have a hold period that expires on March 6, 2014.

Recently, Makena acquired an option on three uranium claim blocks totalling 6,687 hectares (16,524 acres), which are all located in the Athabasca Basin. The west block directly borders the recent discovery at the Patterson Lake South Prospect ("PLS") of Alpha Minerals Inc.'s (AMW-TSX Venture) and Fission Energy Corp.'s (FCU-TSX Venture). The other two blocks are in the direct vicinity of the discovery. Management is anticipating starting operations on this new project in the coming weeks.

Negar Adam, President of Makena stated, "We are pleased to close the final tranche of this placement. We plan to close the flow through private placement next week. Additionally, the anticipated work program on the Patterson Claims is expected to commence this month. If you have any questions regarding the $0.145 flow through placement with a full five year warrant at $0.20 per share please feel free to call the Company."

Contact Information
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"Negar Adam"
President, Director
Makena Resources Inc.

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