Mr. Kosta Tsoutsis reports

K9 GOLD PLANS 1 FOR 10 SHARE ROLLBACK

K9 Gold Corp.'s board of directors is proposing to consolidate the company's issued and outstanding common shares on the basis of one new common share for every 10 old common shares outstanding, or on the basis of such lesser consolidation ratio as may be approved by the board of directors and accepted by the TSX Venture Exchange. The consolidation will increase the company's flexibility and competitiveness in the marketplace and make the company's securities more attractive to a wider audience of potential investors, thereby resulting in a more efficient market for the common shares.

The proposed one-new-share-for-10-old-share consolidation would result in the number of issued and outstanding common shares of the company being reduced from 90,136,007 common shares without par value to 9,013,601 common shares without par value. The effective date of the share consolidation will occur immediately after exchange approval.

About K9 Gold Corp.

K9 Gold has assembled a highly experienced and dynamic team to explore its JB lithium project. K9 also operates the Stony Lake gold project in central Newfoundland. The project has been acquired from District Copper Corp. by an option agreement, whereby K9 can earn up to a 100-per-cent interest in the project (see the company's news release dated July 30, 2020). The company also owns a 100-per-cent interest in the Desert Eagle vanadium-uranium project, located in the historic Henry Mountains mining district in southeast Utah. The area has seen extensive historic vanadium and uranium mining and is close to Anfield Energy Inc.'s Shootaring Canyon mill.

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