SOURCE: Konigsberg Corporation

December 06, 2006 09:00 ET

Konigsberg Completes Detailed Structural and Stratigraphic Mapping on Yoquivo

RICHMOND HILL, ON -- (MARKET WIRE) -- December 6, 2006 -- Konigsberg Corporation (OTCBB: KGBC) (FRANKFURT: F2C) ("Konigsberg" or the "Company") is pleased to announce today that projected operator West Timmins Mining Inc. (TSX: WTM) has completed a program of detailed structural and stratigraphic mapping and has identified a number of priority drill targets on the Yoquivo Project, Sonora, Mexico.

Mapping of the Yoquivo Project was conducted by Mr. James Lyons whose work contributed to the discovery of Alamos Gold's (TSX: AGI) nearby Mulatos deposit (36 MT @ 1.637 g/t gold). Mr. Lyons has identified a number of important similarities between Yoquivo and Mulatos and the Ocampo deposit 35 km to the northwest which recently entered production.

Most significant of Mr. Lyons' discoveries is the identification on the property of a previously unrecognized mineralized dacite flow dome complex, analogous to the host complexes in both the Ocampo and Mulatos Districts. In addition, Mr. Lyons notes that there are a number of similarities in the styles and controls of mineralization in all three districts.

The mapping program has identified bulk tonnage gold targets in the Muralla, Mordida, La Cruz, Gambusino, Texana and Cordon areas of the property in addition to the existing high-grade epithermal vein targets which have produced the majority of historic production from the Yoquivo District.

Mr. Lyons' mapping has also identified the previously unrecognized potential on the southern portion of the property -- Gringos Hill -- now interpreted to represent the fault offset extension of the high-grade San Francisco structure -- the source of the majority of historic production from the Yoquivo District. Historically reported grades from the San Francisco Mine on the property, a robust epithermal vein system, are 10.9 g/t gold and 1,120 g/t silver. Surface and underground mapping and sampling by operator West Timmins Mining has confirmed the high-grade, epithermal nature of several of the mineralized occurrences on the property including the San Francisco zone (results previously reported -- see the Company's website for more details).


Konigsberg's corporate website can be found at Details of the Yoquivo Au-Ag Property can be found under the Projects section of the website. A detailed PowerPoint presentation is also available on the company home page under the Quick Link section. Shareholders are advised to sign up to the company e-mail distribution list in order to stay up to date with company developments.

Konigsberg Corporation ("Konigsberg") (OTCBB: KGBC) is a mineral exploration company focused on Gold-Silver exploration in the Sierra Madre Occidental Gold-Silver Province of Mexico. The Sierra Madre Occidental Gold Province is the primary gold/silver trend in Mexico. Konigsberg has entered into a 50/50 joint venture with West Timmins Mining Inc. on the 2500 hectare Yoquivo Au-Ag Property in the Yoquivo District, Chihuahua State, Mexico.

Forward-Looking Statements:

This press release contains forward-looking statements, particularly as related to, among other things, Konigsberg's business strategy. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, and other factors that may cause Konigsberg's actual results, performance or achievements, or developments in its industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks, uncertainties and other factors that are detailed in Konigsberg's Quarterly and Annual Reports and other documents Konigsberg files from time-to-time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Konigsberg cautions readers not to place undue reliance on such statements. Konigsberg does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from Konigsberg's expectations and estimates.

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