Mr. Anthony Margarit reports

K2 ANNOUNCES NEW BOARD MEMBER

Chase Taylor-Robins has joined K2 Gold Corp. as a director of the company.

Mr. Taylor-Robins's financial and capital markets expertise further strengthens K2's leadership as it focuses on advancing Mojave. He is experienced in evaluating mining projects at all stages to identify and capitalize on new growth opportunities. Mr. Taylor-Robins currently works in corporate development at Orezone Gold Corp., an established gold producer in West Africa. Prior to his current role, he was a member of the corporate development team at Great Bear Royalties -- acquired by Royal Gold for $200-million in 2022. He holds a master of science in mineral and energy economics from the Colorado School of Mines and a master in mining engineering from the University of Arizona.

"I look forward to the addition of Mr. Taylor-Robins as a director," stated Anthony Margarit, president and chief executive officer of K2. "Chase's technical ability combined with his insight into corporate development will be a valuable addition to the strong, experienced board we have at K2 as we move into the next phases of development at the Mojave project."

Incentive stock option grant

K2 would also like to announce the granting of 7.1 million incentive stock options to certain directors, officers, employees and advisers of the company. The options are exercisable at 36 cents per share for a period of five years from the date of grant with 25 per cent vesting in six months and 25 per cent vesting on the anniversary every year thereafter. The options were granted pursuant to the company's shareholder-approved stock option plan and are subject to the policies of the TSX Venture Exchange and any applicable regulatory hold periods.

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 southwestern United States and Yukon.

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

We seek Safe Harbor.