(via Thenewswire.ca)
January 26 2009 - King's Bay Gold Corporation (TSX.V: KBG) is announcing the resignation of Mr. Richard Rivet as President and Chief Executive Officer and as a Director of the Corporation effective immediately. Mr. Rivet is one of founders of the Corporation and had been the President, Chief Executive Officer and a Director since the company was incorporated on March 20th, 1998.
At this time, the Board of Directors would like to express its gratitude to Mr. Rivet for his work and service to the Corporation over the last 11 years.
Going forward, the Board of Directors has commenced a search for a suitable replacement for Mr. Rivet.
About Kings Bay Gold
King's Bay Gold is unique in the industry in that it owns most of the equipment required to carry out the various phases of exploration. This includes diamond drills, bulldozers and other exploration equipment, which gives the company the ability to quickly adjust work programs as exploration results are realized and company strategies change. The Corporation is a very active Canadian mineral exploration company with mineral projects strategically located in Canada's gold camps.
Strategic properties include - (1) a property located directly adjacent to Canada's richest gold mine, (2) two past producing gold mines, one of which is located between two past producing mines, (3) a property located directly adjacent to and on strike of a new diamond discovery, and (4) the relatively new Phyllis Lake discovery project.
KBG Shares Outstanding: 45,256,903
King's Bay Gold Corporation Raymond Préfontaine Director & Chief Financial Officer (204) 253-4653info@kingsbaygold.comwww.kingsbaygold.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe KBG's future plans, objectives or goals, including words to the effect that KBG or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
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