Mr. Brian Morrison reports

K9 GOLD REPORTS SIGNIFICANT ANOMALIES FROM 2023 FIELD PROGRAM ON ITS JB LITHIUM PROJECT

K9 Gold Corp. has released results from its 2023 soil sampling and prospecting on its JB lithium projects in the James Bay region of Quebec.

Highlights:

• Of the 3,524 soil samples collected, 386 exceeded 25 parts per million lithium and 10 exceeded 40 ppm Li.
• Of the 80 rock samples collected, six samples exceeded 50 ppm Li, with two exceeding 100 ppm (112 ppm Li and 247 ppm Li respectively).
• These high values correlate well with pegmatite outcrops and their interpreted extensions.

2023 exploration program

Full results have now been received for the summer field soil sampling and prospecting program. The program was performed by GroundTruth Exploration of Dawson City, Yukon, and comprised 3,524 soil samples and 80 rock samples. Highlights include:

• Prospecting has identified at least three pegmatite outcrops with spodumene, tourmaline and garnet present. These outcrops occur along well-defined ridges, which are in excess of 500 metres in length.
• The pegmatite outcrops occur on both the Riviere Salomon and Lac Joubert/Tilly properties.
• On the Riviere Salomon property, the pegmatites are spatially related to an occurrence of Senneterre dikes.
• On the Lac Joubert/Tilly property, the pegmatites are related to occurrences of Tilly pegmatites.

All samples were submitted to SGS in Val d'Or, Que., for preparation and were subsequently analyzed by SGS in Burnaby, B.C., using its GE_ICP90A50 (Na2O2 fusion, HNO3, ICPAES) and GE_IIM90A50 (Na2O2 fusion, HNO3, ICP-MS) methods.

Jeff Poloni, chief executive officer of K9 Gold, commented: "We were fortunate to complete the first phase of work on the JBL project with the fire situation in Quebec last summer. We were glad to see the anomalous values extending the interpreted extension of the pegmatite outcrops."

About JB lithium project

The JB lithium project is located in the La Grande subprovince of the Archaean Superior province in Quebec and comprises three units: the Riviere Salomon property (see the company's release dated Nov. 15, 2022, for property details), the Lac Joubert/Tilly property (see the company's release dated May 25, 2023) and the Lac Laribosiere/Tilly property (see the company's release dated June 13, 2023, for details).

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 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.

To ensure a safe workplace environment that protects the health and safety of employees and contractors, K9 Gold follows all federally and provincially mandated and recommended guidelines regarding COVID-19.

Chris M. Healey, PGeo, chief geologist and a director of K9 Gold, is the qualified person under National Instrument 43-101 guidelines who is responsible for the technical content of this release and approves its release.

We seek Safe Harbor.