King's Bay Gold Corporation Announces Effective Date for Share Consolidation

Winnipeg, Manitoba (FSCwire) - Kings Bay Gold Corporation (TSXv: KBG) (“King’s Bay” or the “Company”) announces that further to its News Release of June 9, 2016, the TSX Venture Exchange has approved the consolidation of the common shares of the Company (each, a “Share”) on the basis of ten (10) pre-consolidation Shares for one (1) post-consolidation Share (the “Consolidation”).  The Consolidation will become effective at the opening of the market on July 6, 2016.  The Company’s symbol shall remain as “KBG”.  Currently, a total of 282,561,233 Shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of 28,256,123 Shares, subject to adjustments for rounding, will be issued and outstanding. There is no maximum number of authorized Shares.

Computershare Investor Services Inc. (“Computershare”) will mail letters of transmittal to the shareholders providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates.  Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.

ON BEHALF OF THE BOARD OF DIRECTORS

King’s Bay Gold Corporation

“Dusan Berka”

Dusan Berka

Director, President

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.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/KingsBay07052016.pdf

Source: Kings Bay Gold Corporation (TSX Venture:KBG) http://www.kingsbaygold.com/

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