Halkirk-Watten Townships

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	Location The Halkirk-Watten Property is located in the Townships of Halkirk, Watten and Obikoba of the Rainy River Mining Division of north-western Ontario. The claim units are located roughly 14 kilometres east of Fort Frances, Ontario along Highway 11 which passes through Mine Centre, south of Atikokan and then on to Thunder Bay, Ontario.
	Number of Claims & Acres / Hectares 20 claims for 268 claim units for approximately 10,720 acres.
	Exploration Target Gold, Ni-Cu (nickel – copper) and Diamonds.
	Date of Acquisition via Option Agreement and/or Staking The main portion of the property was staked and recorded in 2004 and kept in good standing since then through drilling and sampling work. The rest of the claims were re-staked in 2010 and are in good standing until May 31st, 2012. The amount of work to keep these claims in good standing is $106,400 of assessment work per year.
	Ownership Interests 100 % King’s Bay Gold Corporation for both the surface and mineral rights over these claims.
	Operator King’s Bay Gold Corporation
	Qualified Person as per National Instrument 43-101 (subject to change) Russell Crosby M.Sc., P.Geo
	Information Regional geology for the Halkirk-Watten Property is characterized by mainly intrusive mafic to ultramafic rocks within a circular structure bounded by the Quetico and Rainy-River Faults. The area has been known to produce sub-economic values in copper, nickel, platinum, palladium, lead, silver, gold, and zinc (both MMS and VMS style volcanogenic deposits) and diamonds. More recently Metal Corp. has discovered a diamond occurrence close to our boundary and has been actively exploring for Ni-Cu mineralization along the south-eastern limb of this large circular intrusive structure. Work Update for 2010 - No work was carried out on these claim units in 2010 with the exception of the re-staking a main portion of the claim group out to the west end of the property; the core group was kept in good standing with diamond drilling credits from previous year’s work assessment. Work Contemplated in 2011 - Work on these claim units for 2011 will consist of geological mapping, prospecting, sampling, grid cutting and the running of ground geophysical surveys (Mag and VLF-Electromagnetics) over the grid and especially in the high Ni-Cu anomalous area. - Some diamond analysis work will be done over a number of selected Keating Coefficient sites.