WINNIPEG, Manitoba, Aug. 24, 2007 (PRIME NEWSWIRE) -- King's Bay Gold Corporation (TSX-V: KBG) is pleased to announce, subject to the approval of the TSX Venture Exchange, the election of Lawrence Shewchuk to the Board of Directors at its recent Annual General Meeting of Shareholders held on August 21st, 2007 in Red Lake, Ontario. Mr. Shewchuk was nominated and elected by the shareholders present at the meeting. He replaces the vacancy left by the sudden passing of Mr. Gerald Colborne on July 30th, 2007. Mr. Colborne, a director since August 12th, 2003, had been nominated for re-election to the Board of Directors at the Annual General Meeting of Shareholders. All of the other directors nominated in the Notice of Annual and Special General Meeting and Information Circular of July 18th, 2007 were re-elected to the Board of Directors.
Mr. Lawrence Shewchuk
Mr. Shewchuk is a businessman, community leader and longtime resident of Red Lake, Ontario. Since the late 1960s, he has owned and operated many successful private commercial enterprises in the Red Lake area, including one that was involved in the acquisition and disposition of mining claims. For 22 years, he was a licensed commercial and residential realtor and appraiser. He is currently the owner and operator of the Norseman Inn and The Red Lake Inn, both of which are located in Red Lake and are major suppliers of board and lodging services to the mining industry. His other enterprises include equipment storage and core cutting facilities. For 5 years, Mr. Shewchuk was the chairman of the local school board.
About King's Bay Gold
King's Bay Gold is unique in the industry in that it owns most of the equipment required to carry out the various phases of exploration. This includes diamond drills, bulldozers and other exploration equipment, which gives the company the ability to quickly adjust work programs as exploration results are realized and company strategies change. The Corporation is a very active and well financed Canadian mineral exploration company with ten mineral projects strategically located in Canada's gold camps. Strategic properties include -- (i) a property located directly adjacent to Canada's richest gold mine, (ii) a past producing gold mine with a brand new ultra high-grade gold discovery, and (iii) other locations that are in very close proximity to either past producers and / or recent discoveries.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe KBG's future plans, objectives or goals, including words to the effect that KBG or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.