King’s Bay Gold Corporation Announces Grant of Stock Options

February 1, 2017 – King’s Bay Gold Corporation (the “Company”) (TSXV: KBG)(FSE:KGB1) operating as “King’s Bay” is pleased to announce that it has granted an aggregate of 1,250,000 stock options to a consultant for the purchase of up to 1,250,000 common shares of the Company pursuant to its Stock Option Plan. Each option is exercisable for a period of two years at a price of $0.115 per common share.

ON BEHALF OF THE BOARD OF DIRECTORS

Kevin Bottomley President and Chief Executive Officer Tel: (604) 681-1568 Email: [email protected]

For investment inquiries please contact

Brad Hoeppner Director Tel: (604) 681-1568 Email: [email protected]

Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.

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