TORONTO – DECEMBER 10, 2009 – Stone Asset Management Limited announced today that as a result of the acquisition of shares, Stone Asset Management Limited, on behalf of funds managed by it, now has direction over 10,017,000 shares (or 17.27% of the outstanding shares calculated on a fully diluted basis) of King’s Bay Gold Corporation.

 

The acquisition of these securities by Stone Asset Management Limited, on behalf of the funds it manages, was made in the ordinary course of business for investment purposes and was not for the purposes of influencing the control or direction of King’s Bay Gold Corporation.

 

Stone Asset Management Limited is a wholly-owned subsidiary of Stone Investment GroupLimited, an independent wealth management company. Stone Investment Group Limited, through its wholly-owned subsidiaries, Stone & Co. Limited and Stone Asset Management Limited structures and manages high quality investment products for Canadian investors.

 

Brian Edelstein

Managing Director, Investor Relations

p. 416 867 2536| 800 336 9528

e. briane@stoneco.com | www.stoneco.com