SOURCE: Konigsberg Corporation

August 30, 2006 09:00 ET

Konigsberg Corporation Continues Progress on Yoquivo

OAKVILLE, ON -- (MARKET WIRE) -- August 30, 2006 -- Konigsberg Corporation (OTCBB: KGBC), ("Konigsberg" or the "Company") is pleased to announce that the 2006 Exploration Program has started on the Yoquivo Au-Ag Property. Konigsberg has the right to earn up to a 75% joint venture interest with Sydney Resource Corp. (TSX-V: SYR) in the Yoquivo Au-Ag property located in Chihuahua State, Mexico ("Yoquivo Au-Ag Property").

After only a few weeks on the ground at Yoquivo, management is pleased to inform shareholders that initial mapping and sampling of the property has now been completed. It is anticipated that results will be ready within the coming weeks. With this initial work on Yoquivo complete, the geological team can focus on fluid inclusion studies, satellite image analysis and a detailed airborne survey of the project over the next several weeks. These studies will allow management to have well defined targets for drill testing in the fourth quarter of 2006.

"With the start of the fall drilling season still ahead of us, Konigsberg is well positioned to complete all preliminary exploration work in due course, and have defined targets for drilling shortly," stated Adam Cegielski, President of Konigsberg.

ABOUT THE COMPANY

Konigsberg's corporate website can be found at www.KonigsbergCorp.com. 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 Sydney Resource Corp. (TSX-V: SYR) on the 2500 hectare Yoquivo Au-Ag Property in the Yoquivo District, Chihuahua State, Mexico.

Forward-Looking Statements:

Except for statements of historical fact, the information presented herein may contain forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Konigsberg Corporation has little or no control.

Contact Information

  • Contact:
    Adam Cegielski
    President
    Tel: +1 905 330 1189