Mr. Robert Dzisiak reports

KING GLOBAL ANNOUNCES US $2.0 MILLION UNIT FINANCING

King Global Ventures Inc. is undertaking a non-brokered private placement of up to $2-million (U.S.). The company will issue up to four million units at a price of 50 U.S. cents per unit. Each unit consists of one common share and one common share warrant. Each warrant entitles the holder to subscribe for one additional common share for 75 U.S. cents for a period of two years from the date of closing.

The common shares and warrants comprising the units will be subject to a four-month-and-one-day hold period in accordance with the policies of the Canadian Securities Exchange and applicable securities legislation.

The company intends to use the net proceeds of the private placement to continue exploration and drilling on its Iron Horse and Black Canyon projects. The company will pay a finder's fee in cash to qualified finders who assist in selling the units, as permitted by Canadian Securities Exchange policy and applicable securities law.

The private placement is subject to certain conditions, but not limited to, the receipt of all necessary approvals, including approval from the Canadian Securities Exchange.

About King Global Ventures Inc.

Black Canyon property in Arizona

King Global Ventures is focused on the exploration of precious and base metals in North America. The Black Canyon project in Yavapai county, Arizona, is composed of 213 contiguous concessions covering a total area of 3,800 acres, including 15 former operating mines, including the past-producing Howard copper mine. It is situated 100 kilometres (64 miles) north of Phoenix, Ariz. The Black Canyon project represents an early-stage exploration opportunity targeting copper-gold-silver-zinc volcanogenic massive sulphide mineralization. The geology of Yavapai county, Arizona, is notable due to the presence of a variety of base and precious metal deposit types. The region has a significant history of exploration, discovery and mining operations, including base metals from mining operations like Bagdad, Jerome and Cleopatra. The property is on trend and is approximately eight kilometres (12 miles) northwest of Arizona Metals and 100 km (60 miles) south of the historic Jerome copper mine.

The Howard copper mine property is located on 78 acres of patented land approximately 100 km (64 miles) north of Phoenix, Ariz. Discovered in the early 1920s, small-scale production and development focused on high-grade copper. An estimated 100,000 tonnes of copper grading between 3 and 5 per cent copper was mined from the property until it was closed in 1942 due to the inability to secure fuel rations during the Second World War. Historical reports state that the main shaft was sunk to the 900-foot level, but that no ore was mined below the 500-foot level.

The Mikwam property

The Mikwam gold property is located in Noseworthy township within the Abitibi greenstone belt of the Superior province, Northeastern Ontario. It lies along the Casa Berardi deformation zone that hosts Detour Gold's Burntbush property. The Mikwam property is hosted within Timiskaming-aged polymictic conglomerate and greywacke units, and contains disseminated and vein-hosted gold mineralization associated with quartz-carbonate veins and pyrite mineralization.

The technical contents of this news release were approved by Andrew Lee Smith, BSc, PGeo, ICD.D, a qualified person as defined by National Instrument 43-101.

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