Mr. Greg Isenor reports

KO GOLD ANNOUNCES STOCK OPTION GRANT

KO Gold Inc. has granted stock options to purchase up to 2,335,000 common shares of the company to certain directors, officers and consultants of the company, pursuant to the company's stock option plan. The options are exercisable for a period of three years from the date of grant at a price of 35 cents per share. The options will vest immediately. All of the options and the shares underlying the options are subject to a hold period of four months and one day from the date of grant in accordance with the policies of the Canadian Securities Exchange and applicable securities laws.

About KO Gold Inc.

KO Gold is a Canadian junior exploration company listed on the CSE under KOG. The company's strategy is to acquire and explore highly prospective gold properties within the Otago gold district in New Zealand. KO Gold currently has four 100-per-cent-owned prospecting and exploration permits within the Otago gold district for a combined land package of 400 square kilometres (including the Carrick Range exploration permit application). The company's Smylers, Hyde and Glenpark EPs are located adjacent to Oceanagold's Macraes gold mine, and the Carrick EP hosts the historic Carrick goldfield, which holds promise as a significant gold deposit near Santana Minerals' Bendigo-Ophir gold project. The company also has a net smelter royalty on three additional permits: Garibaldi, Raggedy Range and Rough Ridge South totalling 243 square kilometres. KO Gold has spent over $3-million in exploration and drilling on its permits in the Otago gold district over the past five years, including reverse circulation and diamond drilling on its Smylers EP.

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