King's Bay Gold Corporationwww.kingsbaygold.com
(204) 253-4653
TSX.V: KBG
King's Bay Gold Commences Drilling at the Sakoose Gold Mine, Dryden, ON
May 12th, 2008
King's Bay Gold Corporation (TSX.V: KBG) is pleased to announce that a 10,000 metre Phase 1 diamond drill program has commenced at their 100% owned Sakoose Gold Mine Project located in Melgund Township near Dryden, Ontario.
The Sakoose Gold Mine produced gold from 1897 to 1902 until operations were suspended when the mill burned down in 1902. During that time, it was only mined to a depth of approximately 60 metres. The property has seen limited exploration since 1902 and most of the past drill holes were at shallow depths.
The property is comprised of 6 claims totaling 19 claim units (approximately 760 acres). Access to this property is excellent via a 6 km gravel road leading south from Borups Corners on the Trans Canada Highway. The Canadian Pacific Railway, a natural gas pipeline and a hydro-electric power grid all pass within approximately 6 km of the property.
King's Bay is excited with the commencement of this Phase 1 diamond drilling program at this Sakoose Gold Mine project and is looking forward to exploring this old gold mine using new technologies. John Archibald, P. Geologist is the Qualified Person under National Instrument 43-101.
Bobjo Mine, Red Lake
The Company is also presently conducting a 15,000 metre Phase 2 drilling program using three diamond drills at its King's Bay Gold (TSX.V: KBG) / Mainstream Minerals (TSX.V: MJO) joint-ventured Bobjo Mine Project in Red Lake, Ontario. This project continues to be the site of new discoveries that have so far included high-grade gold, strategic rare metals and rare earth elements. Additional assay results from this high-grade gold, rare earth elements and rare metals project will be released very shortly upon receipt and verification.
The Company is pleased with the progress and potential of these two projects that are host to past producing gold mines where most of the zones are open in all directions. The Company feels it has an excellent chance at exploration success this year by aggressively exploring these two past producers. Updates and results will follow as things progress.
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 and well financed Canadian mineral exploration company with mineral projects strategically located in Canada's gold camps. Strategic properties include - (i) a property located directly adjacent to Canada's richest gold mine, (ii) two past producing gold mines, and (iii) other locations that are in very close proximity to either past producers and / or recent discoveries.
King's Bay Gold Corporation Richard Rivet President & CEO (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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