ROAR.V · 2017-07-14 12:00:00

King’s Bay Gold Corporation Announces Closing of $ 316,250 on First Tranche of Private Placements

Financings

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

July 14, 2017 – King’s Bay Gold Corporation (the “Company”) (TSXV: KBG) is pleased to announce that

further to its news release dated June 26, 2017, it has completed a first tranche of a non -brokered, non-flow

through private placement (the “ NFT Private Placement”) of 2,500,000 units (each, a “ Unit”) at a price of

$0.10 per Unit for gross proceeds of $250,000 and a non-brokered, flow-through private placement (the “FT

Private Placement”) of 530,000 flow-through shares (each, a “FT Share”) at a price of $0.125 per FT Share

for gross proceeds of $66,250 (collectively, the “ Private Placements”). The Co mpany intends to close the

second and final tranche of the Private Placements before the end of August, 2017.

The NFT Private Placement consisted of one common share of the Company and one non -transferable

common share purchase warrant (a “ Warrant”). Each Warrant will entitle the holder to purchase one

common share of the Company at a price of $0.15 until July 14, 2019.

In connection with the Financing, the Company paid cash finder’s fees of $5,300 to certain finders.

The Company intends to use the proceeds of the Offering for exploration expenditures on their 100% owned

Lynx Lake Copper -Cobalt property in Labrador, the Trump Island property in Newfoundland as well as

working capital.

All securities issued in connection with the Financing are subject to a s tatutory hold period expiring four

months and one day after the closing of the Financing.

An Insider of the Company subscribed for an aggregate of 1,000,000 Units under the Financing, which is a

“related party transaction” within the meaning of Multilatera l Instrument 61 -101 Protection of Minority

Security Holders in Special Transactions (“MI 61 -101”). The participation of the insider in the private

placement was exempt from the valuation and minority shareholder approval requirements of MI 61 -101 by

virtue of the exemptions contained in Sections 5.5(a) and 5.7(a) of MI 61-101 in that the fair market value of

the consideration of the shares to be issued to the insider did not exceed 25% of the Company’s market

capitalization.

ON BEHALF OF THE BOARD OF DIRECTORS

King’s Bay Gold Corporation

“Kevin Bottomley”

Kevin Bottomley

President and Chief Executive Officer

Tel: (604) 681-1568

For investment inquiries please contact

Brad Hoeppner

Director

Tel: (604) 681-1568

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.