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King's Bay Resources Corp
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King's Bay samples 6.07% Cu, 0.12% Co at Trump Island

2017-12-14 08:29 ET - News Release

Mr. Kevin Bottomley reports


King's Bay Resources Corp. has received the assays back from the phase 1 exploration program on its 100-per-cent-owned Trump Island copper-cobalt project on the northern coast of Newfoundland.

King's Bay conducted a three-day reconnaissance program, collecting 15 samples from outcrop on Trump Island. Four of the 15 samples exceeded the upper detection limit of 1.0 per cent copper and reported cobalt values of 0.03 per cent cobalt to 0.12 per cent Co. One sample was returned for ore-grade analysis returning grades of 6.07 per cent Cu and 14.4 parts per million silver.

The sample assays in the associated table are considered grab samples and do not represent the entire area of the property.

                        SAMPLE ASSAYS

Sample              Cu              Co             Ag 
                 (ppm)           (ppm)          (ppm)

               greater                        greater
                  than                           than
2871            10,000           303.0            6.0
4269            10,000         1,213.6           21.1
4270            10,000           634.5           27.4
4272            10,000           272.3           28.7

                ORE-GRADE ANALYSIS
Sample             Cu            Co            Ag
                  (%)           (%)         (ppm)

2871             6.07          0.03          14.4
The samples obtained permit follow-up exploration 
for spring 2018.

Property overview

The North Trump Island property consists of eight mineral claims encompassing an area of two square kilometres and is located seven kilometres south of town of Twillingate, Nfld. The property is accessible by boat 1.5 kilometres east from the nearest boat launch at Tizzard's Harbour on Highway 345.

The property's history dates back to the mid-1860s when a 20-foot (6.1 metres) shaft was sunk on a mineralized zone of massive chalcopyrite. At the bottom of the shaft, it was reported that the mineralized zone expanded with depth but, due to limited technology, no further excavation could be safely continued. Follow-up grab sampling in 1999 by G. Lewis, an experienced local prospector, revealed mineralization assaying up to 3.80 per cent Cu, 0.30 per cent Co, 2.90 grams per tonne Au and 10.9 g/t Ag near the old Clymo mine shaft. The property has not been drilled to date. The compilation of the recent 1998-1999 fieldwork done by Mr. Lewis suggests that a more detailed exploration program is warranted.

Sample procedure

Samples were sent to Bureau Veritas in Vancouver for aqua regia digestion Ultratrace ICP-MS (inductively coupled plasma mass spectrometry) analysis and Eastern Analytical in Newfoundland for ICP and ore-grade analysis.

Exploration history

In 1863 Nicholas Clymo, a miner of Cornwall, United Kingdom, visited the area and sunk a pit to a depth of 20 feet (6.1 m) which followed a three-foot-wide (0.9 m) mineralized zone that was said to increase in thickness with depth. He reported that a shipment of high-grade copper-cobalt ore was shipped to Swansea, England, as documented in the Newfoundland Provincial Mineral Rights Database. This shipment was said to be worth 40 pounds per fathom (Clymo, 1863). In 1953, J. Kalliokoski of the Newfoundland Geologic Survey headed up a mapping and prospecting program for Newmont Mining Company in the area but no sample assays were reported. In the 1990s, Mr. Lewis conducted prospecting and limited rock and soil grab samples and filed a first-year assessment report in 1999 with the Newfoundland and Labrador Mineral Titles Branch.

National Instrument 43-101 disclosure

Edward Lyons, PGeo, supervised the preparation of the technical information in this news release and is a qualified person as defined by National Instrument 43-101.

About King's Bay Resources Corp.

King's Bay Resources is focused on the exploration of cobalt and other high-tech metals in North America. The company believes in this emerging fast-growth sector and will continue to seek out and evaluate properties that show promise for development.

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