King's Bay Resources Corp. (TSXV:KBG.H) agreed to acquire Lion Rock Resources Inc for CAD 0.26 million on May 6, 2022. The consideration comprises of the issuance of 5,000,000 common shares of the Company to the shareholders of Lion Rock and the issuance of 200,000 common shares of the Company to the former vendors of the Maybrun Property (the "Transaction"). King's Bay Resources Corp.is pleased to announce it has entered into a definitive agreement to acquire a 100% interest in the Maybrun Property, a gold-copper property located approximately 80 km southeast of Kenora, Ontario, through the acquisition of Lion Rock Resources Inc. ("Lion Rock"). In conjunction with the Transaction, King's Bay Resources Corp. intends to apply for reactivation as a Tier 2 issuer on the TSX Venture Exchange (the "TSXV"). In connection with the Transaction, the King's Bay Resources Corp. intends to complete a non-brokered private placement of up to 15,000,000 units of the Company at a price of $0.05 per unit for gross proceeds of up to $750,000 (the "Financing"), subject to upsizing in the event of strong investor demand. As on July 8, 2022, King's Bay Resources Corp. closed its previously announced private placement of 15,000,000 units of the Company at a price of $0.05 per Unit for gross proceeds of $750,000. The Company intends to use the net proceeds of the Financing for exploration activities on the Maybrun Property and for general working capital purposes. The Transaction and the Financing are subject to the satisfaction of customary conditions and the approval of the TSXV and other applicable regulatory authorities. As on July 8, 2022, The TSX Venture Exchange approved transaction and the Common Shares will begin trading under the new symbol "ROAR" on the TSXV on or about July 12, 2022.