Mr. Robert Dzisiak reports

KING GLOBAL ANNOUNCES CLOSING OF OVERSUBSCRIBED US $2.59 MILLION UNIT FINANCING

King Global Ventures Inc. has closed its previously announced non-brokered private placement. The private placement was oversubscribed and the company raised proceeds of $2,588,500 (U.S.) through the sale of 6,471,250 units.

Pursuant to the terms of the private placement, each unit consists of one common share and one common share warrant. Each warrant entitles the holder to subscribe for one additional common share at a price of 75 U.S. cents for a period of two years from the date of closing of the private placement. Securities issued on this closing are subject to a four-month-and-one-day hold period in accordance with the policies of the Canadian Securities Exchange and applicable securities legislation.

The company intends to use the net proceeds of the private placement to continue exploration and drilling on its Iron Horse and Black Canyon projects.

The private placement is subject to certain conditions, but not limited to, the receipt of all necessary approvals, including approval from the Canadian Securities Exchange.

About King Global Ventures Inc.

King Global Ventures is focused on the exploration of precious and base metals in North America. The Black Canyon project in Yavapai county, Arizona, comprises 213 contiguous concessions covering a total area of 3,800 acres, including 15 former-operating mines, including the past-producing Howard copper mine, and is situated 100 kilometres (km) (64 miles) north of Phoenix, Ariz. The Black Canyon project represents an early-stage exploration opportunity targeting copper-gold-silver-zinc, volcanogenic massive sulphide (VMS) mineralization. The geology of Yavapai county, Arizona, is notable due to the presence of a variety of base and precious metal deposit types. The region has a significant history of exploration, discovery and mining operations, including base metals from mining operations like Bagdad, Jerome and Cleopatra. The property is on trend and is approximately eight km (12 miles) northwest of Arizona Metals and 100 km (60 miles) south of the historic Jerome copper mine.

The Howard copper mine property is located on 78 acres of patented land approximately 100 km (64 miles) north of Phoenix, Ariz. Discovered in the early 1920s, small-scale production and development focused on high-grade copper. An estimated 100,000 tonnes of copper grading between 3 and 5 per cent copper was mined from the property until it was closed in 1942 due to the inability to secure fuel rations during the Second World War. Historical reports state that the main shaft was sunk to the 900-foot level but that no ore was mined below the 500-foot level.

The Mikwam gold property is located in Noseworthy Township within the Abitibi greenstone belt of the Superior province, Northeastern Ontario. It lies along the Casa Berardi deformation zone, which hosts Detour Gold's Burntbush property. The Mikwam property is hosted within Timiskaming-aged polymictic conglomerate and greywacke units, and contains disseminated and vein-hosted gold mineralization associated with quartz-carbonate veins and pyrite mineralization.

Additional information about King Global Ventures can be viewed at the company's website or on SEDAR+.

The technical contents of this news release were approved by Andrew Lee Smith, BSc, PGeo ICD.D, a qualified person as defined by National Instrument 43-101.

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