Mr. Robert Dzisiak reports

KING GLOBAL VENTURES INC. ANNOUNCES FIRST CLOSING OF FINANCING

King Global Ventures Inc. has accepted subscriptions for 1.72 million units at a price of 12.5 cents per unit for gross proceeds of $215,000. Each unit comprises one common share and one two-year share purchase warrant. Each warrant is exercisable at 30 cents in the first year and 60 cents in the second year, subject to acceleration. The warrants shall be subject to the directors' ability to accelerate the exercise price to 60 cents, in the event that the shares of the company trade at 50 cents or higher for 10 consecutive trading days.

Securities issued under this closing will be subject to a statutory hold period until Dec. 29, 2023.

The corporation paid finders' fees to qualified finders of $9,250 and issued 86,000 brokers' warrants. The brokers' warrants are exercisable at 30 cents and expire on Feb. 28, 2024.

The corporation intends to use the net proceeds to retire outstanding indebtedness, finance general administrative expenses, and finance continuing evaluation, exploration and renewal fees of existing mineral projects. Up to 20 per cent of the proceeds will be utilized for evaluation of the Las Misiones project, and the balance as a reserve for future acquisitions.

We seek Safe Harbor.