King’s Bay Considers Business Outside of Resources
Suite 1450 – 789 West Pender Street, Vancouver, BC, V6C 1H2 | Tel: 604.681.1568 | Fax: 604.681.8240
King’s Bay Considers Business Outside of Resources
Vancouver, February 8 th, 2018 – King’s Bay Resources Corporation (TSX.V: KBG), (FSE: KGB1) , (the
“Company”) announces that despite some encouraging results and a great deal of potential still to be explored on the
large Lynx Lake Copper-Cobalt Property that consists of 959 mineral claims encompassing a land area of
approximately 240 square kilometers in Newfoundland and Labrador, the Company is considering other business
ventures.
The Company has no current intention of abandoning the Lynx Lake property, but it has considered becoming involved
in one of the industries which has recently become a great focus for certain capital markets: cannabis. The reason for the
Company’s interest in the cannabis industry is because opportunities are being presented to the Company as a result of
the involvement of certain of the Company’s directors in successful, publicly listed cannabis companies. One director in
particular was a founding director and has remained on the board for the past 4 years of a successful cannabis company
which is now CSE listed. During that time, the CSE listed cannabis company has raised substantial capital from the
public for its operations and its shareholders have seen greatly increased share values. The Company’s management is
therefore considered by some people in the cannabis industry as having the knowledge and fundraising ability to assist
them greatly in their drive to go public. Hence, cannabis related opportunities are being presented to the Company.
The Company has not signed any term sheet, letter of intent or indication of interest, and has no particular transaction
which it is currently pursuing in the cannabis industry. However, as opportunities present themselves, management is
taking the time to consider whether those opportunities would better serve the interests of the shareholders and lead to
quicker and possibly greater success for the Company.
Kevin Bottomley states “We are going to put our Lynx Lake project in abeyance for a while during which time we will
start looking seriously at the cannabis opportunities we are being offered. If the right deal comes along, and if we
believe that we as a Company can add value because of our experience in the cannabis industry and our connections in
the public markets, it would only make sense to take that deal and try to make it a success. We won’t jump at anything,
and will take the time to make decisions based on the right reasons. No particular deal is imminent. ”
About King’s Bay
King’s Bay is a mineral exploration company that is focused on the exploration of cobalt and other high ‐tech metals in
North America. The Company’s head office is in Vancouver, Canada.
On Behalf of the Board
Kevin Bottomley President & Chief Executive Officer
O: 604 681 1568
For Investment Inquiries please contact:
Jared Rushton
O: 604 681 1568
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 release.
Suite 1450 – 789 West Pender Street, Vancouver, BC, V6C 1H2 | Tel: 604.681.1568 | Fax: 604.681.8240
Forward Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ from those projected in the forward-looking statements. These forward-looking statements are subject to a variety of
risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking
information. Forward looking statements in this news release include that we may find opportunities in the cannabis industry. Risks that could change
or prevent these statements from coming to fruition include that the Company may not raise sufficient funds to carry out our plans, we may not find
any good opportunity in the cannabis industry, and if we find an opportunity we may be outbid for it, or we may not reach agreement, and even if we
carry on the cannabis business, the business may fail or we may not get required regulatory approval. The forward-looking information contained
herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or
circumstances, except as required by law.