Mr. Anthony Margarit reports

FINAL 45-DAY PUBLIC COMMENT PERIOD BEGINS FOR PERMITTING - K2 GOLD'S MOJAVE PROJECT

The U.S. Bureau of Land Management (BLM) has released the draft environmental impact statement (DEIS) for K2's Mojave exploration drilling project in Inyo county, California. The BLM has also published a notice of availability in the federal register, opening the final 45-day comment period on the project.

The following statement was taken directly from the BLM news release announcing the notice of availability: "The proposed project supports DOI Secretarial Order 3418 -- Unleashing American Energy, by encouraging exploration and production on federal lands to meet the needs of American citizens. The proposed area is designated as open to mineral exploration."

"It is an exciting time for K2 as we pass this milestone and approach the end of the permitting process," stated Anthony Margarit, chief executive officer of K2 Gold. "The publication of the DEIS reflects years of diligent environmental studies, community engagement and collaboration with regulatory agencies. It represents a major step forward in advancing and derisking the Mojave project in the most responsible and sustainable manner possible."

"The Mojave project is one of the most outstanding exploration projects I have ever been involved with," stated John Robins, chairman of K2. "Mojave not only has the potential to host large high-grade oxide gold deposit(s), it is also highly prospective terrain for high-grade silver, lead, zinc skarns and porphyry copper/gold deposits. I am proud that K2 has advanced this project, recognizing the importance of meaningful community and tribal engagement, data collection, and analysis, while carefully addressing access to America's mineral resources."

The public comment period will be open for 45 days, during which interested members of the public are encouraged to review the DEIS and provide feedback. The document can be accessed through the BLM's ePlanning website or directly through the BLM National NEPA Register.

A final environmental impact statement (EIS) will be prepared following the close of the public comment period, incorporating relevant feedback, followed by the record of decision (the final decision of permit grant).

About the Mojave project

The Mojave project is a 5,830-hectare oxide gold project with base metal targets located in California. Multiple previously recognized surface gold targets have been successfully drilled in the past, most notably by Newmont and BHP. Since acquiring the property, K2 has completed geochemical and geophysical surveys, geologic mapping, lidar, and a WorldView 3 alteration survey and successfully completed a 17-hole RC (reverse circulation) drill program focused on the Dragonfly and Newmont zones. Highlights from K2's drilling program include 6.68 grams per tonne gold over 45.72 metres from surface at the Dragonfly zone and 1.69 grams per tonne gold over 41.15 metres from 44.20 metres depth at the Newmont zone.

About K2 Gold Corp.

K2 is a proud member of Discovery Group and currently has projects in the southwestern United States and in Yukon.

K2 is committed to transparency, accountability, environmental stewardship, safety and community engagement.

We seek Safe Harbor.