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Cautionary Note Regarding Forward-Looking Statements

Except for statements of historical fact relating to King’s Bay Resource Corp. (“King’s Bay” or the “Company”) and Lion Rock Resources Inc. (“Lion Rock”) and matters discussed herein, certain information contained in this presentation constitutes “forward-looking information” or “forward-looking statements” under Canadian and U.S. securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the potential of the Company’s properties, the future price of gold and/or copper, success of exploration and development activities, costs and timing of future exploration and development, the estimation of mineral resources, conclusions of economic evaluations, requirements for additional capital, and other statements relating to the financial and business prospects of the Company. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans,” “will”, “does not expect, ”expect,” “is expected”, ”expected”, “budget,” “scheduled,” “estimates,” “forecasts,” “intends”, or “does not anticipate”, “anticipate”, “believes” or variations of such words and phrases. Forward looking information is based on the reasonable assumptions, estimates, analysis and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that the management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks related to the Company’s goal of creating shareholder value by concentrating on the development of the Maybrun Property (the “Properties”); the Company’s expectation that the Properties have the potential to contain economic copper or gold deposits; the Company’s assessment of future plans for the Properties; management’s economic outlook regarding future trends; the Company’s exploration budget for the Properties, and in particular, the availability of skilled labor, timing and the amount of the expected budget; the Company’s ability to meet its working capital needs at the current level in the short term; expectations with respect to raising capital; sensitivity analysis on financial instruments may vary from the amounts disclosed and government regulation and environmental liability, as well as those risk factors discussed or referred to in the Company’s continuous disclosure filings with the securities regulatory authorities in Canada available under the Company’s profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors could also cause materially different results. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Qualified Person

The Qualified Person, as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), who has reviewed and assumes responsibility for the technical information in this presentation is Carl Ginn, P.Geo.

Historical Estimates

Certain information in this presentation constitutes “historical estimates” as defined under NI 43-101, which is derived from a technical report dated August 21, 2020 titled “Technical Report On The Maybrun Gold-Copper Property, District of Kenora, Northwestern Ontario, Canada” prepared by J. Garry Clark, P.Geo and Brent Clark, P.Geo of Clark Exploration Consulting for Lion Rock.  These historical estimates are of a historical, non-compliant nature and used by management as a guideline only. The Company has not independently verified the information and the historical estimates and resources should not be relied upon. No Qualified Person has done sufficient work to classify the historical estimates as current mineral resources or mineral reserves and the Company is not treating the historical estimates as current mineral resources or mineral reserves. The historical estimates have been included only to provide an indication of the mineral potential of the Properties

Resource Estimates

This document uses the terms “resources”, “measured resources”, “indicated resources” and “inferred resources”. United States investors are advised that, while measured resources, indicated resources and inferred resources are recognized and required by Canadian securities laws, the United States Securities and Exchange Commission (the “ SEC”) does not recognize them under United States securities laws and mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. United States investors are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserves. Further, inferred resources have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any part of the inferred resources will ever be upgraded to a higher category. Therefore, United States investors are also cautioned not to assume that all or any part of the inferred resources exist, or that they can be mined legally or economically. Disclosure of “contained ounces” is permitted disclosure under Canadian regulations, however, the SEC normally only permits issuers to report “resources” as in place tonnage and grade without reference to unit measures. Accordingly, information concerning descriptions of mineralization and resources contained in this release may not be comparable to information made public by United States companies subject to the reporting and disclosure requirements of the SEC. NI 43-101 is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Historical resource estimates contained in this document have not been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System.

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