Mr. Anthony Margarit reports

K2 GOLD FILES NI 43-101 TECHNICAL REPORT ON THE MOJAVE PROPERTY

K2 Gold Corp. has filed an independent National Instrument 43-101 technical report, entitled "NI 43-101 Technical Report on the Mojave Gold Project and Cerro Gordo Project, Inyo County, California, USA," with an effective date of Nov. 30, 2025, on SEDAR+.

The technical report was prepared in accordance with NI 43-101, Companion Policy 43-101CP and Form 43-101F1, and provides a summary of the relevant location, tenure, historical and geological information, a summary of recent work completed by the company, and recommendations for future exploration programs at the Mojave and Cerro Gordo projects. The technical report does not include any mineral resource or mineral reserve estimates.

The authors of the technical report are Christopher Livingstone, BSc, PGeo, Michael B. Dufresne, MSc, PGeo, and Gerald Holmes, BSc, PGeo, of APEX Geoscience Ltd. All authors are independent of the company and are qualified persons as defined by NI 43-101 and Companion Policy 43-101CP.

A copy of the technical report is available on the company's website and under the company's profile on SEDAR+.

About K2 Gold Corp.

K2 Gold is a member of Discovery Group and is focused on advancing gold exploration projects in mining-friendly jurisdictions across the Western United States and Canada. The company's flagship Mojave project covers 5,830 hectares and includes multiple previously drilled oxide gold targets. Since acquiring the project, K2 has advanced exploration through geochemical, geophysical and remote sensing surveys, as well as RC (reverse circulation) drilling.

Notable past drill highlights at Mojave include:

• 4.0 grams per tonne (g/t) gold (Au) over 86.9 metres from surface at the Dragonfly zone;
• 1.69 g/t Au over 41.15 m at the Newmont zone.

K2 also holds:

• The Si2 gold project in Nevada, a large steam-heated alteration system with confirmed gold mineralization and compelling similarities to AngloGold Ashanti's Expanded Silicon project (resources of 3.40 million ounces (oz) Au at 0.87 g/t Au indicated and 12.91 million oz Au at 1.03 g/t Au inferred);
• The Wels project in Yukon, Canada, where recent drilling intersected gold in all holes and outlined a new mineralized corridor at the Saddle South target.

K2 Gold is committed to responsible exploration, indigenous and community engagement, and advancing high-quality projects through a collaborative and technically disciplined approach.

We seek Safe Harbor.