HENDERSON, NEVADA--(Marketwire - March 28, 2012) - King Resources, Inc. (PINKSHEETS:KING) ([ www.king-resources.com ]) management is providing the following update to its followers and shareholders.

• Regarding merger completion, with Grid Grabber we wish to confirm that merger process will be announced very shortly.
  
  
• The Grid Grabber web site is back up and in operation. KING management apologizes to KING's followers and shareholders for the delay. Grid Grabber was subject with a hacking issue, however this was caught in time and has been resolved. The Grid Grabber's website is up and operating now. It may however take a day or so to propagate through the Internet (depending on the readers geographical location) with the new IP numbers.
  
  
• KING has paid the required fee to OTC Markets to become an OTC reporting company. We expect to be in the position to file our Adequate Disclosure and financials on or before April 5, 2012. (We are awaiting a FOB security key from OTC Markets)
  
  
• KING has retained a security lawyer to review its Adequate Disclosure filings. That legal opinion will be filed shortly after.
  
  
• KING's management would like to take this opportunity to advise its followers that the company intends to operate two separate and unique subsidiaries. A primary and a secondary subsidiary. One being the Grid Grabber as previously announced which will be the company's secondary subsidiary. KING management anticipates to be in the position to announce the primary merger candidates shortly as well. The primary operating subsidiary will either be a South American lithium mining company or a North American mining company. The [sic] mining silver property with $ 40,000,000.00 proven and $ 60,000,000.00 of confirmed indicated reserves of silver in it.
  
  
• King management is moving forward with a mindset of making KING a great company with great future appreciation for its followers, shareholders and stakeholders.
  

King management intends to release more details and information on a timely and frequent basis.

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 to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

Contributing Sources

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