~KING .0003 Graphite Merger Expenditure Indicates Up to.$150.Million.Worth.of.Assets King Resources, Inc. (PINKSHEETS:KING) ( http://www.king-resources.com ) Further to the company announcements of earlier dates where amongst other things KING management disclosed two separate targeted merger candidates, namely the N American Graphite company and the S American (Argentina) lithium mining company the company is providing this update to its followers regarding the possible cost exposures KING may incur. -- Graphite Merger: Graphite has proven resources, and metallurgy done on the ore. The company estimates the average percentage and a conservative "rough estimate" to me a minimum of $150,000,000.00 worth of graphite. Property is on a "walking" distance from a major city having all infrastructures in place. Exposure to KING is approximately $1,5 Million Dollars over 3 years. KING is currently exploring the possibility of acquiring a 50% interest as well. Hence lowering its exposure to about $750,000 from 1,5 Million as well. KING management is of the opinion that should it proceed to do required work and sell property, (once well explored) it would be very possible to liquidate for approximately $10.0 million. This opinion is based on its mining expert's advice (sic) "as that is usual price after that much exploration". -- Lithium Mine The company asks its followers to review the Argentina mining filings posted on OTC Markets website. That report is self explanatory. Exposure to KING is approximately $1,3 Million Dollars over 2 years. KING has available means and or access to funds to complete one or both of these transactions. KING is providing this update to its shareholders and followers as part of its full transparency aspirations to its shareholder base ahead of any final merger execution. More details will follow on a timely basis. http://www.king-resources.com/ lh6.googleusercontent.com/-KME4QckugQ8/UAhfqmfb24I/AAAAAAAAAmg/mOoh93FvT6Y/s660/kg01.png stockcharts.com/c-sc/sc?s=KING&p=d&b=5&g=0&id=p10091190775