Equipment Leasing News: Knick Exploration (TSX-V: KNX) confirm a positive gold nugget effect in the Cossette Gold System

VANCOUVER, BC (September 29, 2011) Clearlease Financial Reports Knick Exploration Inc. (TSX-V: KNX) is pleased to announce Sept 29, 2011 the metallic sieve assay results from the first phase drill program on the Trecesson Property confirm a positive gold nugget effect in the Cossette Gold System. Out of 112 metallic sieve sample results, 35 were influenced by the coarse fraction (31.25%), 33 samples (29.46%) increased the final weighted assay result and 2 samples (1.79%) decreased the final weighted assay result. Seventy seven samples (68.75%) had the metallic sieve coarse fraction assays within the same range as the fine (-100 mesh) assays.

From the 35 metallic sieve samples influenced by the coarse fraction, 2 assayed with gold solely localized in the coarse fraction and one sample returned gold exclusively in the minus 100 mesh fraction assays.

The program, orientated to systematically evaluate the gold potential and assess the nugget effect of the historic surface showing by fence drilling along strike of the system, has returned significant values along the entire strike length tested by Knick.

The results tabled below can be cross referenced with results given in press releases 1) Gold Highlights Trecesson Drilling and 2) Cossette Gold System Drill Results, August 16 and 23, 2011, respectively.

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