(via Thenewswire.ca)

King's Bay Gold Corporation (TSX.V: KBG) is pleased to report that it has received the results of a sampling and assaying program undertaken at the Menary Gold Project.

As a result of this program, the company is now moving forward with its application to the Ontario Ministry of Northern Development & Mines for a permit to take a high-grade gold bulk sample of up to 999 tonnes to commence sometime during the winter or early spring of 2014.

The assay results obtained from these 155 grab samples ranged from a low of <0.0025 g/t Au to a high of up to 8,120 g/t Au. It is noted that grab samples as found in the table below are selective by nature and are unlikely to represent average grades for a deposit or deposits.

Of the 155 samples collected, all taken from within the approximately 2,238 hectare contiguous Menary claims group, the following table lists the 24 most significant gold grades obtained:

 -------------------------------------------
 |SAMPLE|Showing    |Easting|Northing|Au   |
 |-----------------------------------------|
 |Number|Name       |NAD83  |Zone 15 |g/t  |
 |-----------------------------------------|
 |399113|Galbraith A|435650 |5426707 |8,120|
 |-----------------------------------------|
 |399115|Galbraith A|435650 |5426707 |1,885|
 |-----------------------------------------|
 |399114|Galbraith A|435651 |5426708 |1,400|
 |-----------------------------------------|
 |399112|Galbraith A|435650 |5426707 |566  |
 |-----------------------------------------|
 |399057|Wagg       |435629 |5425846 |186.5|
 |-----------------------------------------|
 |399106|Wagg       |435608 |5425863 |134.5|
 |-----------------------------------------|
 |399058|Wagg       |435618 |5425904 |51.1 |
 |-----------------------------------------|
 |399107|Wagg       |435627 |5425847 |29.7 |
 |-----------------------------------------|
 |34352 |Galbraith A|435606 |5426696 |15.25|
 |-----------------------------------------|
 |399116|New Shear  |436210 |5426246 |11.05|
 |-----------------------------------------|
 |399122|Wagg       |435507 |5425633 |9.56 |
 |-----------------------------------------|
 |34322 |Galbraith A|435727 |5426665 |9.12 |
 |-----------------------------------------|
 |34303 |Galbraith A|435608 |5426687 |8.75 |
 |-----------------------------------------|
 |399004|Wagg       |435645 |5425835 |6.86 |
 |-----------------------------------------|
 |399014|Wagg       |435624 |5425837 |6.72 |
 |-----------------------------------------|
 |399118|New Shear  |436211 |5426253 |6.00 |
 |-----------------------------------------|
 |34387 |Galbraith B|436772 |5426865 |4.72 |
 |-----------------------------------------|
 |399108|Wagg       |435618 |5425844 |4.14 |
 |-----------------------------------------|
 |34334 |Galbraith A|435704 |5426603 |2.77 |
 |-----------------------------------------|
 |399117|New Shear  |436211 |5426249 |2.64 |
 |-----------------------------------------|
 |      |           |       |        |     |
 |-----------------------------------------|
 |SAMPLE|Showing    |Easting|Northing|Au   |
 |-----------------------------------------|
 |Number|Name       |NAD83  |Zone 15 |g/t  |
 |-----------------------------------------|
 |34388 |Galbraith B|436772 |5426865 |2.08 |
 |-----------------------------------------|
 |34368 |Galbraith A|435699 |5426650 |1.62 |
 |-----------------------------------------|
 |399119|New Shear  |436365 |5426209 |1.45 |
 |-----------------------------------------|
 |399110|Wagg       |435620 |5425844 |1.26 |
 -------------------------------------------

Sampling & Assay Procedures

The 155 grab samples were taken from surficial bedrock exposures in either previously trenched areas or from isolated outcrops. Samples were labeled, placed in clear plastic sample bags and tied shut with flagging tape. They were described in the field with locations recorded with a hand-held GPS, marked in the field by writing the sample number on coloured flagging tape wrapped about a rock fragment placed at the sample location.

The samples were shipped as a single batch via an independent transport company to the ALS Global laboratory in Thunder Bay, Ontario where chemical analyses were performed using ICP and AA techniques on a 30-gram pulp split. Where the gold content >10 g/t the samples were reanalyzed gravimetrically and by gold screen fire assay. ALS Global Laboratory Group's Mineral Division, ALS Chemex is an ISO9001: 2000 certified laboratory.

Qualified Person's Statement

In compliance with National Instrument 43-101, Mr. Russell Crosby, M.Sc., P.Geo., is the Qualified Person (QP) for this project. Mr. Crosby has reviewed and approved the transcription of the technical disclosure in this news release.

Menary Project

The property is located in the Townships of Menary, Claxton, McClarty and Senn in the Kenora Mining Division of northwest Ontario. The claim units are located approximately 20 kilometres southeast of the Town of Nestor Falls, Ontario and can be accessed along Road 404, east of Highway 71 which runs between Kenora and Fort Frances, Ontario. The project is located roughly fifteen kilometers northeast of the Rainy River Project owned by New Gold Inc. (TSX: NGD) and within 12 kilometres of the recent discovery by Bayfield Ventures Corp. (TSX.V: BYV).

The property consists of the original core group of 4 un-patented mining claims acquired by option agreement in January 2010; an additional acquisition of 6 un-patented mining claims by option agreement in August 2010; the staking of 6 un-patented mining claims in October 2011; and a third option agreement was announced on May 7th, 2012 for 2 claims with Perry English, acting on behalf of Rubicon Minerals Corporation, as the vendor.

The overall Menary Gold Project now consists of 18 claims for approximately 2,238 hectares in a single contiguous land package.

About King's Bay Gold

King's Bay Gold Corporation is a Canadian mineral exploration and development company with mineral projects located in two of Canada's emerging gold camps - the Rainy River / Kenora and Sturgeon Lake, ON gold camps.

KBG Shares Outstanding: 98,976,913

King's Bay Gold Corporation

Ray Prefontaine

Director & Chief Financial Officer

(204) 253-4653

[email protected]

www.kingsbaygold.com