Kent Exploration Notes Substantial Increase in Barite Prices

Wed Feb 27, 2013 7:01pm EST

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Marketwire

Kent Exploration Inc.

February 27, 2013 - 07:01:34 PM

Kent Exploration Notes Substantial Increase in Barite Prices

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2013) - Kent Exploration
Inc. (TSX VENTURE:KEX)(OTCBB:KXPLF) (the "Company" or "Kent") reports that the
United States Geological Survey ("USGS") has released its 2013 Annual Pricing
Survey for the 2012 year and notes that the estimated barite supply pricing
fob mine for 2012 averaged US$89 per ton.

This reported 2013 pricing is a substantial 31.4% increase from the prior
reported 2012 estimate of $61 per ton, as barite for oil and gas well drilling
has experienced a strong and steady demand over the past number of years.
Annual estimated production from US sources has decreased by a total of 11%
since the 2011 USGS barite pricing report, while demand has increased by
380,000 tons in the same period. The USGS has revised the prior pricing
estimates shown in its 2012 report from US$45 per ton in 2007 to US$73 per
ton, while the current report notes a price change for the 2011 year from
US$61 per ton to US$86 per ton.

The Company has a take off Agreement in place with Albar Industrial Minerals
to provide a minimum 20,000 tons of 4.1 specific gravity ("SG") barite per
year, that for 2013 is priced for delivery at the mine gate at the now
prevailing USGS reported price of $89 per ton.

The Company is currently permitted to produce up to 100,000 tons of barite
annually from its Flagstaff Mountain property. 

Kent Exploration Inc. is a junior exploration company with a 100% interest in
all its major projects, and is planning on building shareholder value through
establishing cash flow from its permitted Flagstaff Mountain, WA, barite mine.
Any positive cash flow is intended to reduce dilution and fund exploration on
its three major high grade gold prospects (Alexander River, Paparoa and
Lyell), in the highly prolific West Coast South Island gold fields of New
Zealand. Additional shareholder value has been established through its
approximately 15% interest in Archean Star Resources Inc, ("Archean") which is
listed on the TSX Venture Exchange under the symbol ASP.  

The Company has an experienced management and technical team with extensive
exploration expertise and offers investors the potential for a major gold
discovery on its New Zealand gold projects. 

This News Release has been prepared on behalf of the Kent Exploration Inc.
Board of Directors, which accepts full responsibility for its contents.  

ON BEHALF OF THE BOARD

Graeme O'Neill, President

FOR FURTHER INFORMATION PLEASE CONTACT: 
Kent Exploration Inc.
Graeme O'Neill
President
604-684-3394 or Toll free: 1-866-399-6539
1-888-282-7763 (FAX)
www.kent-exploration.com




        

Neither the TSX Venture Exchange, nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange), has
reviewed, nor do they accept responsibility for, the adequacy or accuracy of
this news release.
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