EQS-News

Kings Bay Acquires 100% Interest in Three Additional Cobalt Properties in Quebec

EQS Group-News: King's Bay Gold Corp. / Key word(s): Expansion/Interim Report Kings Bay Acquires 100% Interest in Three Additional Cobalt Properties in Quebec 06.02.2017 / 09:26 Kings Bay Acquires 100% Interest in Three Additional Cobalt Properties in Quebec

Historic samples yielding values up to 2.6% Ni, 1.8% Cu and 1.06% Co

Vancouver, February 3rd, 2017 - King's Bay Gold Corporation (TSX.V: KBG), (FSE: KGB1), operating as "King's Bay", a mining exploration and development company based in Vancouver, is pleased to announce the 100% acquisition of three cobalt bearing properties in Quebec.

Kevin Bottomley states "The price for cobalt continues to rise and thus we feel having a greater portfolio of cobalt bearing projects provides the best value for our shareholders. Quebec has a strong history of successful mining ventures and King's Bay is pleased to build on the exploration work that was done by Falconbridge Ltd. in early 2000."

Ninuk Lake Cobalt Property

The Ninuk Lake Project is located approximately 175 kilometers northeast of Umiujag, Quebec and consists of 19 mineral claims encompassing 2164 acres. A deep-sea port is located 125 kilometers from the property.

In 2001 Falconbridge Ltd. completed an exploration program consisting of surface sampling, mapping and electromagnetics. Surface sampling of massive sulfide in outcrop yielded anomalous values of up to 2.6% Ni, 1.8% Cu, and 0.27% Co. Mapping of the area exposed several lenticular ultramafic bodies containing pods massive sulfide. A small-scale electromagnetics program yielded several subsurface conductors in the area.

Due to several other discoveries that year, the exploration work completed by Falconbridge Ltd. has never been followed up on and the amalgamation of these results encourages further work to be completed on the property.

Regional Geology- The area is Neoarchean in age and located within the superior province with ultramafic-felsic rocks including granodiorite, tonalite, paragneiss, amphibolite, peridotite, pyroxenite, and gabbronorite. Structurally the area of interest is bounded to the east and west by two regional fault systems