SOURCE: Konigsberg Corporation

December 05, 2006 09:00 ET

Surface Sampling Program Underway at Konigsberg's Yoquivo Au-Ag Project

RICHMOND HILL, ON -- (MARKET WIRE) -- December 5, 2006 -- Konigsberg Corporation (OTCBB: KGBC) (FRANKFURT: F2C) ("Konigsberg" or the "Company") has been informed by operator West Timmins Mining Inc. (TSX: WTM) that an extensive program of surface sampling began on the Yoquivo Au-Ag Property in Chihuahua State, Mexico.

The surface sampling program will be completed under the direction of Mr. Steve Noakes who has over 25 years of international experience supervising similar programs for Cominco Ltd. (now Teckcominco Limited). The program will focus on both high-grade gold-silver vein targets and bulk tonnage gold targets identified by the recently completed mapping program conducted by Mr. James Lyons. Mr. Lyons has extensive experience in the Sierra Madre Belt having made a significant contribution to the discovery of the Mulatos deposit (36 Mt @ 1.637 g/t Au).

The sampling program will also follow up on targets generated by the previously announced airborne geophysical survey of the Yoquivo property which is now underway. Data from the geophysical, mapping and surface sampling programs will be used to finalize drill target selection.

"Progress on Yoquivo continues, and we are very pleased to be working with such an accomplished team of explorers. We are looking forward to finalizing a selection of drill targets by the end of the 4th quarter of 2006," stated Konigsberg President Adam Cegielski.


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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