Director and other management changes

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tnw






(via Thenewswire.ca)

King's Bay Gold Corporation /
TNW-ACCESSWIRE / July 30
th
, 2014 /
(TSX.V: KBG) ("King's Bay Gold" or the "company") is pleased to announce the appointment of Mr. Art Stacey of Winnipeg, Manitoba to its Board of Directors and as the company's Corporate Secretary. These appointments are subject to the approval of the TSX Venture Exchange Inc. Concurrently, the company is also announcing a number of other changes to its Board of Directors and management team.


Mr. Art Stacey is a partner in the Winnipeg law firm of Thompson Dorfman Sweatman LLP where he has carried on a wide ranging law practice since 1987. His practice has been focused on the start-up, financing, and reorganization of business enterprises in a wide variety of industries. Mr. Stacey has previous experience in mining ventures, short line railroads, banking, and securities regulation among other areas of the law.


Mr. Peter Brooks, a Director, has agreed to formalize his leadership role by becoming the company's President & Chief Executive Officer, a position that has been vacant since June 2013. Mr. Brooks has over fifteen years of operational experience in the mining industry. He is the founder and President of Brooks Tools Limited, a wholesale warehouse distribution company operating since 1992. Mr. Brooks has been a Director of King's Bay Gold since June 2011.


The company is also announcing that it has accepted the resignation of Mr. Kyle Picard as both a Director and as the company's Corporate Secretary, positions that he has held since December 2010. Mr. Picard also served as the company's interim President & CEO from June 2011 to January 2013. The Board of Directors thanks Mr. Picard for his service to King's Bay Gold and wishes him every success in his future endeavours.


Finally, the company is announcing that it has accepted the resignation of Mr. Ray Prefontaine as the company's Chief Financial Officer and this to be effective as at the close of business on July 31st, 2014. Mr. Prefontaine will be pursuing other business and employment opportunities that require that he disengage himself from the day-to-day management of King's Bay Gold. However, to assist the company with these management changes, and to provide for a continuity of knowledge and experience, he has agreed to continue on as a Director, a position that he has held since December 2010.


With these announced changes, the company's Board of Directors, its Committees and the Management Team will be constituted as follows:


Peter Brooks - Director, President & Chief Executive Officer, Audit Committee (Chairman and non-independent member), Compensation Committee (Chairman and non-independent member)


Art Stacey - Director, Corporate Secretary (both subject to the approval of the TSX Venture Exchange Inc. at the time of this news release)


Douglas Bundy - Director, Audit Committee (independent member), Compensation Committee (independent member)


David Gural - Director, Audit Committee (independent member), Compensation Committee (independent member)


Ray Prefontaine - Director


About King's Bay Gold Corporation


King's Bay Gold Corporation is an active 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: 98,976,914


King's Bay Gold Corporation


David Gural


Director


(204) 253-4653



[email protected]




http://www.kingsbaygold.com/">www.kingsbaygold.com