Brooks-Helena Lake Property

The Brooks Lake Property is located in the Brooks / Helena Lake Area of the Kenora Mining Division in north-western Ontario. It is located near the Pipestone Fault that lies approximately 25 kilometres east of Highway 71 and north of the Town of Nestor Falls, Ontario. The upper claims group can be reached by timber roads originating from Nestor Falls. The lower claims group can only be accessed by overland or by boat up Pipestone Lake from the south.

4 claims (3012914, 3012329, 3012330 and 4257509) for 35 claim units for approximately 1,400 acres.

Gold

This property was staked in 2003 to 2005 by King’s Bay Gold Corporation. An additional claim tying on to the south end of the claim group was staked in 2010. These claims are subject to the annual work commitments and work assessment requirements of the Ontario Ministry of Northern Development & Mines.

100 % King’s Bay Gold Corporation

King’s Bay Gold Corporation

Russell Crosby M.Sc., P.Geo.

Three claims were acquired in 2003 to 2005 by staking and have been kept in good standing since that time. An additional claim tying on to the south end of the claim group was staked in 2010. The required component of work is approximately $400 per claim per year which translates into roughly $14,000 of assessment work per year to keep the claims in good standing annually.

Regional geology for the Brooks Lake Property is characterized by Archean Age greenstone volcanic sequences inter-layered with meta-sediments and intrusive rocks such as diorites, quartz-feldspar porphyries and gabbros. The main structural feature in the area is the Pipestone Fault that transects the property in a northeast to southwest direction and likely is closely linked to the emplacement of the gold mineralization in the area.

Under the terms of the claim ownership, the corporation controls 100% of the surface and mineral rights on these four claims subject to annual assessment work as put forth by the Ministry of Northern Development and Mines of Ontario.

Work Update for 2010

- Work consisted of gridding over the most north-easterly claim group.
- Late in November 2010 ground Magnetometer and VLF-Electromagnetic surveys were carried out over this grid.

Work Contemplated in 2011

- Kings Bay intends to fully map, prospect and systematically sample the grid coverage in the north end of the property.
- Intends to do reconnaissance mapping and sampling in the south end by boat up from the lower end of Pipestone Lake.