Makena Resources : Next Phase of Operations on Patterson Uranium Property, Athabasca Basin to Commence Shortly

July 16, 2014
Next Phase of Operations on Patterson Uranium Property, Athabasca Basin to Commence Shortly

Makena Resources Inc. ("MKN", "Makena" or the "Company") (MKN-TSX Venture) wishes to report that management is in the final stages of developing the next phase of operations on the Patterson Uranium Property in the Athabasca Basin. The Patterson Uranium Prospect directly borders the uranium discovery on the Patterson Lake South Property by Fission Energy Corp. ("Fission") (FCU-TSX.V). They will test structures interpreted from the VTEM survey carried out earlier this year. Combining the magnetic and the electromagnetic data, three such structures have been mapped on the Patterson Uranium Property. Two of these structures trend NW and one trends NE.

Dr. Karl Schimann Ph.D., P. Geo. stated, "We are encouraged by the VTEM survey data that has been gathered to date. We clearly have multiple targets that we are in the process of evaluating for the highest priority drill targets. These structures are often associated with uranium mineralization. We look forward to confirming these anomalies with the upcoming work program, followed by drilling."

Negar Adam, President of Makena states, "Management is optimistic regarding the potential of the Patterson Uranium Prospect. This prospect directly borders the Fission discovery, which has caught the attention of the market thus giving Makena a wider audience for any potential positive results. Makena currently has the smallest market capitalization of any company that borders the Fission Discovery."

Makena has amended the terms of the Patterson Prospect as to extend the time needed to complete the first $300,000 cumulative in work commitments, by six months, to March 31, 2015 and Makena in return will only retain the block that borders the Fission Discovery, therefore enabling Makena to concentrate its efforts on the most highly prospective block.

MKN's Patterson Uranium Prospect, consists of 3,015 hectares (7,450 acres), directly bordering the recent discovery on the Patterson Lake South Property by Fission in the world-class Athabasca Basin.

Makena also holds a 50% interest the Clone property in Stewart, BC. To date, Makena has achieved significant drill results that returned grades of 12.80 m (42ft) of 44.75g/t (1.305oz/t)(12/22/09) gold values including 4.87m (16 ft) of 76.80g/t (2.240oz/t) and a 102 tonne bulk sample that returned grades 4oz/t or 139.2 g/t gold (10/22/11) over the 102 individually tested tonne samples.

Dr. Karl Schimann, Ph.D., P. Geo. is the qualified technical person responsible for this news release.

Contact Information
Tel: [phone]
Fax: [phone]

"Negar Adam"
President, Director
Makena Resources Inc.

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