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File: Attachment KBG News Release Conditional listing on CSE Nov 14, 2019.docx
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KING'S BAY RESOURCES CORP. RECEIVES CONDITIONAL APPROVAL TO LIST ON THE CANADIAN SECURITIES EXCHANGE
VANCOUVER, BRITISH COLUMBIA - November 14, 2019, - King's Bay Resources Corp. (King's Bay" or the "Company") (TSXV: KB
--->G) is pleased to announce that it has been approved for conditional listing of its shares on the Canadian Securities E
--->xchange ("CSE") upon closing of its acquisition of S&S Company, LLC (see King's Bay's March 29, 2019 news release).
Conditions of listing include completion of its concurrent financing in a minimum amount of $2,200,000 and provision o
--->f certain other items.
As part of the acquisition of S&S and to complete the whole transaction, in addition to raising financing we will be i
--->ssuing preferred, super voting, non-participating shares to former owners of S&S, completing a 1 for 5 share consolida
--->tion, continuing the Company to British Columbia from being a Federal Canadian company, installing a slate of new dire
--->ctors, delisting the Company's shares from the TSX Venture Exchange and changing the Company's name to Mercer Holdings
---> Corp.
We will update the public on closing of the transaction and will provide notice of our new trading symbol at that time
--->.
For further information please contact:
Kevin Bottomley
President and CEO
604-681-1568
kevin@kingsbayres.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Vent
--->ure Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward looking statements" within the meaning of applicable Canadian securities legislati
--->on. Forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered
---> reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and
--->contingencies. Forward looking statements in this press release include that we can complete our acquisition of S&S; t
--->hat we can raise the King's Bay Financing; that King's Bay can list its shares on the CSE; and that we close the S&S T
--->ransaction and continue its business going forward. Forward looking statements involve known and unknown risks, uncert
--->ainties and other factors that may cause actual financial results, performance or achievements to be materially differ
--->ent from the estimated future results, performance or achievements expressed or implied by those forward looking state
--->ments and the forward looking statements are not guarantees of future performance. King's Bay's ability to complete th
--->e Proposed Transaction and successfully conduct the business currently conducted by S&S is subject to a number of cond
--->itions, some of which are outside of King's Bay control; including that the King's Bay Financing is not attractive to
--->investors for any reason; and that regulators or other factors slow down our intended timing. A fuller description of
--->the risks associated with King's Bay business on completion of the Proposed Transaction is set out in the "Risk Facto
--->rs" section of the management information circular being delivered to King's Bay shareholders in connection with its s
--->hareholders' meeting held October 10, 2019, which circular has been posted under the Company's profile at www.sedar.co
--->m. King's Bay disclaims any obligation to update or revise any forward looking statements, whether as a result of new
--->information, events or otherwise, except as required by law.
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