CMKM Diamonds Inc. (fka CMKX)

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King's Bay Gold Corporation [TSXV: KBG] And Richview Resources Announce Significant Gold Intersections At Their Pickle Lake Joint Venture Project

King's Bay Gold Corp. [TSXV: KBG] and partner Richview Resources Inc. of Toronto, Ontario (formerly Peabody Capital Partners Corp) announced today initial results of the first six holes of their Pickle Lake Project Stage 1 diamond drill program.

The property is comprised of a total of 322 claim units (12,880 acres or approximately 20 square miles). The property has good access with Highway 599, and its extension Highway 808, traversing the western edge of the property, and a secondary road runs northeasterly across much of the property. A large section of the claims are contiguous to the Dona Lake Mine, which produced 212,000 ounces of gold, the Central Patricia, which produced 650,000 ounces and the Pickle Crow Gold Mines, which produced 1,446,000 ounces. This large land package hosts numerous gold showings; significant historical drill intercepts and mine shafts. The property is owned 51% by King's Bay and 49% by Richview.

The diamond drill holes have cut numerous gold bearing structures at or near surface that may be amenable to open pit mining. The assays and the numerous zones encountered so far are very encouraging at this early stage of this drilling campaign.

Diamond drill results are as follows:


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Drill Holes Zone Intersections
(ft) Thickness
(ft) Au
(g/t)

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PL04-01 New 14.5 to 15.5 1.0 5.906

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PL04-01 New
Incl.
and
New
New 70.0 to 75.0
73.0 to 74.0
74.0 to 75.0
75.0 to 77.0
154.0 to 156.0
5.0
1.0
1.0
2.0
2.0 4.021
4.847
5.455
1.779
4.276

--------------------------------------------------------------------------------

PL04-05 New
New
Incl.
and 287.0 to 288.0
345.0 to 350.0
345.0 to 347.0
347.0 to 349.0 1.0
5.0
2.0
2.0 2.578
5.778
10.287
3.245

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PL04-06 New
New
New
New
Incl.
and
New
New
New
New 105.0 to 110.0
111.0 to 113.5
113.5 to 115.0
115.0 to 120.0
115.0 to 115.5
115.5 to 117.5
140.0 to 145.0
155.0 to 160.0
197.0 to 200.0
200.0 to 205.0 5.0
2.5
1.5
5.0
0.5
2.0
5.0
5.0
3.0
5.0 1.684
2.885
22.373
4.023
6.970
6.337
2.376
1.181
1.799
1.256

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"The grades and the length of the mineralization obtained to date are very encouraging and we believe that our Pickle Lake Project is one of the most promising gold prospects in Ontario. Having our own drill rigs is also turning out to be a godsend at a time when there is a shortage of rigs available in the industry," says Richard Rivet, President of King's Bay.

This $500,000.00 exploration program will consist of more than 10,000 ft of drilling, which is our largest drill program ever. Drilling is presently testing around the Powderhouse zone and other areas recently identified by a Mag / VLF-EM survey.

A third drill rig has been mobilized and four additional diamond drill holes have also just been completed. They are being logged, split and will be sent to the Accurassay Laboratories in Thunder Bay for preparation and analyses. Assay results will be released when available.

The Pickle Lake drilling program is being carried out under the direction of John Archibald, B.Sc, P.Geo, the qualified person under NI 43-101 and Mr. Ron Rivet the exploration coordinator. Both these men are supervising drill hole planning, implementation and quality control programs.

About King's Bay Gold:

King's Bay Gold is a Canadian mineral exploration company with a specific focus on prospective gold properties in Ontario and Manitoba, Canada. The company is well financed and has assembled a portfolio of precious metal prospects, including strategic locations in the Red Lake, Pickle Lake, Wawa, Bissett and Kenora gold districts. Most of the company's projects are located in close proximity to present and past producing mines. The company also owns its diamond drill rigs, bulldozers and most of the equipment required to carry out all of the vario us phases of exploration.

Issued & Outstanding: 15,559,991

About Richview Resources Inc.:

Richview Resources Inc. is a Canadian exploration company engaged in the business of exploring for base metals, gold and platinum group metals (PGM's) in Canada. The company is a reporting issuer in Ontario.

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe King's Bay Gold future plans, objectives or goals, including words to the effect that King's Bay Gold 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. Actual results in each case could differ materially from those currently anticipated in such statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE: King's Bay Gold Corporation

Check out Kings Bay Gold [TSXV: KBG]...

For more information, please contact:

John Robinson or Robert Kennedy, Current Capital Corp., 416-860-0211 or 1-877-859-5200, www.currentcapital.com



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