(via Thenewswire.ca)
May 15th, 2012 - Winnipeg, MB - King's Bay Gold Corporation (TSX.V: KBG) is pleased to announce that Michael (Xincheng) Du is joining the company as Vice President, Corporate Development - Asia. Mr. Du will be providing his services to identify and facilitate opportunities for business development, and potential strategic partners for joint-venture agreements, earn-in option agreements, and the sale of ownership interests in the company's properties, as either originating from his contacts in China or in Canada. Mr. Du's engagement with King's Bay Gold Corporation is strictly on a fee-for-success basis. He will be paid a finder's fee of up to 10% with the percentage payable to him being dependent on the dollar value of a successfully concluded transaction or transactions. As Mr. Du already travels frequently and extensively throughout China on business, the company will not be incurring any expenses related to his activities in China. Mr. Du will not be providing any market-making or investor relations services.
Michael (Xincheng) Du, MA, MBA
Mr. Du is a professional business manager with over 25 years of experience in international business focused on trade (import-export), the formation of alliances and promotion. Mr. Du obtained his MA, MBA degrees at the Harbin Institute of Technology located in the city of Harbin, Heilongjiang Province, China. He is the Director since 1989 for the Asian operations of Orion Intertrade Srl. (an Italian company headquartered in Udine, Italy). His other current business activities include: President and founder of Singlong Home Audio & Video Company Ltd., a Chinese company located in the city of Yantai, China (5 years), Director and a significant shareholder of the International Police College located in Winnipeg, Canada (10 years); and Regional Manager for North America of Shanghai Jinhua International Trading Co. Ltd. located in the city of Shanghai, China (8 years). Through his extensive business travels and contacts, Mr. Du has developed an expertise in identifying and executing on opportunities that bring investors and business ventures together around the world.
About King's Bay Gold
King's Bay Gold Corporation is an active Canadian mineral exploration and development company with mineral exploration projects located in two of Canada's main gold camps - Red Lake, ON and Rainy River, ON.
KBG Shares Outstanding: 97,126,913
King's Bay Gold Corporation
Kyle Picard
President & CEO and Corporate Secretary
(204) 253-4653
info@kingsbaygold.com
www.kingsbaygold.com
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 nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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