EQS-News

King's Bay Identifies VTEM Target at Lynx Lake Copper-Cobalt Project, Southeastern Labrador

EQS Group-News: King's Bay Gold Corp. / Key word(s): Interim Report/Forecast King's Bay Identifies VTEM Target at Lynx Lake Copper-Cobalt Project, Southeastern Labrador 19.06.2017 / 09:23 King's Bay Identifies VTEM Target at Lynx Lake Copper-Cobalt Project, Southeastern Labrador

Vancouver, June 19^th, 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 Canada, is pleased to announce that after an in depth analysis of Geotech Ltd.'s VTEM geophysical survey, a high priority electromagnetic target has been located at King's Bay's 100% owned Lynx Lake Copper-Cobalt Project in southeastern Labrador.

After the data compilation and analysis of Geotech Ltd.'s. helicopter-borne Versatile Time Domain Electromagnetic System (VTEM), King's Bay's technical team has identified a shallow anomaly of high resistivity in what is known as the "west pit" which is directly adjacent to the Trans-Labrador Highway. The size of the anomaly is anticipated to be ranging in depth from 50-300 meters and estimated to be approximately 400 meters in diameter. The "west pit" has been historically sampled yielding assays of up to 1.03% Copper, 0.56% Cobalt, 0.23% Vanadium, 0.10% Nickel and 5.0g/t Silver.

Exploration Program

King's Bay plans to assemble a technical field team immediately to investigate the VTEM anomaly. This summer's program will be completed by executing a more local, higher resolution ground geophysical survey followed by potential stripping of overburden to the south of the pit so bedrock can be exposed. In addition to this, a reconnaissance team will begin to investigate the southeastern portion of the property to follow up on the anomalous historical soil samples. Detailed mapping and sampling in the two pits will aid in understanding of mineralization controls.