King's Bay Gold Corporation announces changes in management
Winnipeg, MB – May 10, 2010
King's Bay Gold Corporation (TSX.V: KBG) is announcing the resignation of Mr. Raymond Préfontaine as a Chief Financial Officer and a Director. Mr. Préfontaine has been with King's Bay Gold since August 21, 2003. At this time, the Board of Directors would like to express its gratitude to Mr. Préfontaine for his work and service to it over the last 7 years.
King's Bay is pleased to announce the appointment of Ms. Holly Banner as a Chief Financial Officer, and to serve as a Director until the next annual meeting of the Corporation. Holly Banner is a chartered accountant, with over 15 year of public practice auditing experience. She has also holds a Bachelor of Education degree from the University of Manitoba.
About Kings Bay Gold
King’s Bay Gold is unique in the industry in that it owns most of the equipment required to carry out the various phases of exploration. The Corporation is a very active Canadian mineral exploration company with mineral projects located in Canada’s main gold camp – Red Lake, ON. Strategic properties include - (1) The Headway, a property located in Red Lake, ON (exploring for gold); (2) The Bobjo Mine, a past producing gold mine (exploring for gold and rare earths elements); and (3) The Fort Frances property (exploring for PGEs and diamonds).
KBG Shares Outstanding: 76,146,903
King’s Bay Gold Corporation
John Archibald President & CEO (204) 253-4653
[email protected] www.kingsbaygold.com
This news release includes certain forward-looking statements concerning the future performance of King’s Bay Gold Corporation’s business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as "may", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company’s recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking- statements and readers are cautioned against placing undue reliance thereon.
Neither 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 release.