Mr. Kevin Bottomley reports

KBG ANNOUNCES BRIDGE LOAN JULY 5, 2019; KING'S BAY ARRANGES LOAN

King's Bay Resources Corp. has arranged to borrow up to $250,000 from several parties, including a director and another insider of the company. The loan is unsecured, carries an interest rate of 12 per cent and is due in one year. The loans are convertible into units at a price of 20 cents per unit. Each unit consists of one common share and one share purchase warrant exercisable for two years. Each warrant may be exercised for one common share at a price of 35 cents per share if exercised in the first year and 60 cents per share if exercised in the second year.

The company requires these funds for working capital and to pay its expenses of the proposed S&S acquisition; see company news release dated March 29, 2019.

The convertible loan offering is subject to TSX Venture Exchange approval.