Killdeer Minerals Closes Financing

Vancouver – Thursday, January 22, 2010 – Killdeer Minerals Inc. – KMI: TSX.V (“Killdeer” or the “Company”) announces that it has closed a non-brokered private placement of non flow-through units (“NFT Units”), subject to final acceptance by the TSX Venture Exchange. As previously announced on November 30, 2009, the Company has placed 725,000 NFT Units for gross proceeds of $145,000.

Each NFT Unit consists of one common share and one-half of a share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one common share of the Company at a price of $0.30 per share in the first year and at a price of $0.40 per share in the second year.

A finder’s fee may be payable to arm’s length finders equal to 8% of the proceeds raised, in accordance with the TSX Venture Exchange policies.

The funds raised will be used for general working capital.

KILLDEER MINERALS INC.

For more information, please contact Killdeer Minerals Inc.

s/“Mike Elson”

Stan Szary - Director (604) 685-6989 President & Chief Executive Officer

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)

ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.