King's Bay Resources Corp. announced a non-brokered private placement for up to 15,000,000 units at an issue price of CAD 0.05 per unit for gross proceeds of up to CAD 750,000 on May 9, 2022. The transaction and the financing are subject to the satisfaction of customary conditions and the approval of the TSX-V and other applicable regulatory authorities.

There can be no assurance that the transaction and financing will be completed as proposed or at all.