King Global Ventures Inc. ('King' or the 'Company') reports that it is actively seeking Exchange Approval of its transaction to acquire three strategic gold exploration properties with high-grade indications, in the province of Newfoundland and Labrador, as previously reported on October 21, 2020.

The Gold Boulder Prospect consists of four contiguous claim blocks (100 ha) and is located near the small town of Glenwood in Central Newfoundland. Geologically the property is underlain by siliciclastic sediments of the Davidsville Group which is the same geological belt which hosts New Found Gold's (NFG-TSX) recent high-grade gold intercept of 92.84 g/t over 19 meters at the Queensway project. The entire prospect is bound on all sides by New Found Gold Corp. Located only nine kilometers away from this historical intercept, the property is also host to high grade gold values, up to 160 g/t gold from as yet unsourced gold boulders. Additionally, it has widespread untrenched gold and arsenic soil anomalies with gold values in soils up to 1781 ppb. John Cook stated: 'Given its proximity to the Queensway project and its very similar geology, the property has the potential to host similar gold occurrences. The high-grade nature of the gold boulders and the significant soil anomalies of this prospect, gives King Global Ventures Inc. a serious foothold in this new emerging gold district.' To complement this acquisition King Global also acquired two additional gold exploration properties adjacent to the Davidsville group.

About King Global Ventures Inc.

King's, Nicaragua Gold/Copper Project is joint-ventured with TSX listed Calibre Mining Corp. (TSX-CXB) and with Century Mining Limited, a private Nicaraguan company, to advance the development of the Santa Rita Project. In addition, King holds the Marilyn 3 property in NL and the 77 claim York gold property which is on trend between Azimut's Elmer property (and its recent Patwon prospect discovery) and the Eleonor gold mine.

Contact:

Tel: (416) 200-8073

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