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King’s Bay Announces Warrant Amendment

Share Capital & Compensation

Suite 1450 – 789 West Pender Street, Vancouver, BC, V6C 1H2 | Tel: 604.681.1568 | Fax: 604.681.8240

King’s Bay Announces Warrant Amendment

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR

DISSEMINATION IN THE UNITED STATES

November 28, 2018 - King’s Bay Resources Corp. (TSXv: KBG )(FSE: KGB1 ) (the “ Company ” or

“ King’s Bay ”) is pleased to announce today that it has applied to the TSX Venture Exchange (the

“Exchange”) for approval to extend the expiry date of 12,550,300 warrants (the “ Warrants ”) issued in a

private placement unit offering on December 30, 201 6. In all other respects the terms of the Warrants will

remain unchanged and in full force and effect. The Company’s ability to amend the Warrants as requested in

the application remains subject to Exchange approval.

ON BEHALF OF THE BOARD OF DIRECTORS

King’s Bay Resources Corp.

“Kevin Bottomley”

President & Chief Executive Officer

Tel: (604) 681-1568

[email protected]

For investment inquiries please contact:

Jared Rushton, Corporate Development

Tel: (604) 681-1568

[email protected]\

Neither the 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 press release.

Forward-Looking Statements. This news release conta ins forward-looking statements relating to the futu re operations of

the Company and other statements that are not histo rical facts. Forward-looking statements in this re lease include the

assumption that the Company will be able to issue t he Changed Fee Shares instead of paying the mainten ance costs.

There can be no assurance that such statements will prove to be accurate and actual results and future events could

differ materially from those anticipated in such st atements. Factors that could cause our forward look ing statements to

differ from events include that we may not obtain T SXV approval to issue the Changed Fee Shares. The f orward-

looking statements contained in this news release a re made as of the date of this news release and the Company will not

update or revise publicly any of the included forwa rd-looking statements except as expressly required by Canadian

securities law .