King Resources, Inc.
PINK SHEETS : KING

King Resources, Inc.

November 30, 2010 15:30 ET

King Resources, Inc. (KING) Introduces Merger Candidate: USA-Based Oil & Gas Company

HENDERSON, NEVADA--(Marketwire - Nov. 30, 2010) - King Resources, Inc. (PINK SHEETS:KING) (http://www.king-resources.com) management is considering a merger with a US-based oil and gas company. The USA company is Cressent Energy http://www.cressentenergy.com/ (Cressent).

This promising company is involved in natural gas exploration in the state of Texas and has a number of assets, including 50 oil wells and well equipment, totalling over 200 tanks and 20 pumping units. Cressent recently (October 22) terminated merger negotiations with a separate non related China based company. http://www.minamargroup.net/support/index.php?_m=news&_a=viewnews&newsid=486.

King Resources, Inc. is currently evaluating this company and feels that they are a favorable merger candidate.

Cressent has a small online presence see www.cressentenergy.com to introduce the business to the KING shareholders. A second merger with an European LED light manufacturing company is under consideration by KING management as well.

The company will advise the investor public of any developments; however, the merger has passed the underwriting and risk assessment criteria and could come to fruition shortly. KING management is pleased to report that it has resolved its legal challenges with its ex management and ex majority shareholders amicably. KING will keep its shareholders updated as further information on this promising transaction becomes available.

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of King Resources, Inc., that constitute 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 to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

Contact Information