King’s Bay Gold Corporation

99 Scurfield Boulevard Winnipeg, Manitoba R3Y 1Y1

NEWS RELEASE

RESULTS OF THE ADJOURNED ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

January 13, 2016 - King’s Bay Gold Corporation (TSXv: KBG) (the “Company”) on December 15, 2015 announced that the 2015 Annual and Special Meeting (“Meeting”) of Shareholders scheduled and convened on December 14, 2015, was adjourned to January 5, 2016. This decision was made as a number of shareholders indicated to management that they had missed the opportunity to cast their vote due to delays related to the holidays.

At the re-convened 2015 Annual and Special Meeting (“Meeting”) of Shareholders held on January 5, 2016, the final scrutineers report shows that 15,256,791 or 15.38% of the issued shares were voted with the following results:

1. The number of Directors has been fixed at four;

2. Messrs, Peter Brooks, Douglas Bundy, Dusan Berka and Nicolas Rodway were elected Directors for the ensuing year;

3. Magnus Chartered Accountants LLP were appointed as auditors for the Company;

4. The Company’s stock option plan was approved;

5. The proposed share consolidation was not approved by the shareholders (55% against); and

6. The sale of the Menary Gold Project to former insiders of the Company was not approved by the shareholders (59% against).

Management is currently evaluating its options going forward, and exploring all opportunities in regard to financing ongoing corporate and administrative costs, debt settlement, and assessing the value of its mineral properties.

ON BEHALF OF THE BOARD OF DIRECTORS

King’s Bay Gold Corporation

“Peter Brooks”

Director, President & CEO Tel: (204) 253-4653 Email: [email protected]

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 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.