King Resources, Inc.
PINKSHEETS : KING

King Resources, Inc.

April 19, 2012 16:01 ET

King Resources, Inc. (KING) Argentina Mining Merger Candidate

HENDERSON, NEVADA--(Marketwire - April 19, 2012) - King Resources, Inc. (PINKSHEETS:KING) (http://www.king-resources.com) is pleased to announce the Argentina mining merger candidate. As a non reporting issuer and this being a considerable and sizable event for KING, the company management elected to release this news event after the markets has closed. A summary of the mining deal is outlined in this news release. The company has completed a full 7 page detailed filing on OTC Markets. That filing can be viewed at http://www.otcmarkets.com/financialReportViewer?symbol=KING&id=78816.

The mining company is domiciled in Argentina. In summary:

  • This is a Pegmatite deposits with the area of eighteen (18) hectares under the name of "Tapias".
  • The mine is located 12 km in the East-Northeast direction from the town of Villa Dolores (Cordoba), on the location called LAS TAPIAS
  • This is a mine complex, which consists of three (3) shafts, it was established in 1946.
  • This is the main underground pit which is still used, and was primarily made for the beryl excavation, but was later used for the excavation of spodumene - "lithium mineral".

Confirmed Reserves

  • 9,012.10m² x 16 m = 144,193.60 m3 x 2.6 = 374,903.36 Tons

Possible Reserves

  • 9,012.10m² x 16 m = 144,193.60 m3 x 2.6 = 374,903.36 Tons

In other company news a temporary web site in anticipation of the merger (web site under construction) is located at www.minamar.rs/MinasLasTapias for our followers review. KING management reminds its followers to review this video www.minamargroup.com/stop-bash.php and www.bit.ly/STOP-NAKED-SHORTS.

More details and updates may follow via news release.

About King Resources, Inc. (KING)

The company is a convergence of leading businesses that capitalize on new green technology, creativity, reputation and expertise to develop and exploit opportunities in real life, consumer savings and environmental changes that improve the quality of life and increases the profitability of the company at the sometime.

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of King Resources, Inc., that constitutes forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. King Resources, Inc. cautions you that any forward-looking information provided by or on behalf of King Resources, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. King Resources, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond King Resources, Inc.'s control. In addition to those discussed in King Resources, Inc.'s press releases, public filings, and statements by King Resources, Inc.'s management, including, but not limited to, King Resources, Inc.'s estimate of the sufficiency of its existing capital resources, King Resources, Inc.'s ability to raise additional capital to fund future operations, King Resources, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match King Resources, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. King Resources, Inc. does not undertake any obligation to publicly update any forward-looking statement.

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